Well, I have processed the final ISA top-up into a Global Index ETF in this year’s account. I have now maxed out my allowance for this year (given the monthly payments left to make 🙂 ) that means that I have a reasonably high savings rate this month given my other expenses, so feeling chuffed!
I have added some extra money into my pension (taking advantage of the high rate tax relief while I can) and now need to look at paying off some of my BTL mortgage. If that is worthwhile?
It would be good if I could squeeze some extra cash out of that each month when I give up my job and become reliant on my rental and investments for income. While I am working, I am trying to snowball the money into FI pots to work for me long-term.
I cannot gain access to one of my pension pots for another 8 years. Its not enough to pay off the BTL but would make a good dent in it. The other two are old skool accounts, one being a company defined benefit scheme – not many of those around now – and I cannot access this until I am 65.