I have a homeloan (3%) and the investment property mortgage (tracker) so I suppose I am turning down a 5% guaranteed gross return (by not clearing my PDH mortgage)
There is a false economy OP thinking you are not paying tax
The pension contribution is reduced by 40%
So if say you didn't have the tax bill you would be putting 20k into your pension
Instead you are : paying your tax bill and putting 12k into your pension
No, the other way around.But you're only getting 12k into pension
And it's costing you 20k
What? Clearly 20k goes into pension.Thereby only 12k goes into pension
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