Hi,
I am paying into a PRSA directly out of my monthly salary every month. I am going to purchase a property next year so I will need to increase my savings over the next 6 months. As my pension contributions reduce my net income, would it be advisable to suspend my pension contributions and increase savings?
Do pension contributions reduce the amount that you can borrow in general or how do banks view pension contributions when it comes to how much they will lend you?
Thanks
Aidan
I am paying into a PRSA directly out of my monthly salary every month. I am going to purchase a property next year so I will need to increase my savings over the next 6 months. As my pension contributions reduce my net income, would it be advisable to suspend my pension contributions and increase savings?
Do pension contributions reduce the amount that you can borrow in general or how do banks view pension contributions when it comes to how much they will lend you?
Thanks
Aidan