Yes. You should be able to get the extra âŹ4k out of your pension either tax free or at 20%. Unless you end up with a quite a large pot.
I didnât think anyone would ever really be disappointed to be paying down their debt early and I do myselfâŚbut it just may not be the absolute best use of your cash. There is enough of it going on tax so every avenue available to take advantage of tax rules is important
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And inflation is making the relative value of the debt smaller
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Youâre presuming a bit that
1 the pension pot is a one way bet
2 the pension pot doesnât become exposed to a taxation change moving forward
But basic maths would suggest pension indeed.
I doubt sub 3% mortgages will be available any longer as fixed rate deals run out.
Are any of you guys regulated by CBI?
Seriously.
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If any of these lads are chartered accountants and giving out pension and investment advice they could find themselves in very hot water.
I pay the IOB a small sum of money annually to ensure I can give out free online financial advice on TFK.
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Yes & Yes
Current fixed rate up at the end of the year.
Whatâs the medium term play here? Variable rate or fixed rate? If fixed, for how long?
Assume the expectation is that rates will continue to rise for the foreseeable or are we likely to see a drop in 18 months to 2 years?
Iâd say weâre 18 months from interest rate cuts. Prob not muxh value in fixed at moment.
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Fixed is the only game in town. Variable are all more expesnive. The length of time to fix for is the only question and whether it is worthwhile switching banks to get a better rate.
Interest rates is a guessing game, but I donât think they can go much higher, but could stay where they are for a while until inflation comes down.
Also Irish mortgage rates are in general underneath ECB rates which is a bit mad, so there is still scope for rates to rise without any more interest rate increases.
Talk to the bank about a new valuation for your house, you might be able to move into a lower LTV rate which can give you lower mortgage rates.
Or they might have a green rate if your house has a reasonable BER rating
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Correct on both of these. Drive down the % rate any way you can.
BOI were offering commercial fixed rates at 3.7% for seven years v recentlyâŚAIB were 6.2% for same product 
Similar story here, current fixed rate is up early in New Year.
Options offered to us by existing provider have a variable which is âŹ60 a month cheaper than the best fixed rate offer. Variable rate is 3.8% and fixed is 4.75%
I had always just assumed we were going fixed again but a friend said go variable that rates canât go much higher.
Im still thinking fixed??
BOI have billuns and billuns on deposit.
They are still 3% less than AIB for corporate stuff. Iâd say they are destroying AIB in the market.
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EBS green fixed LTV <50% is 3 point 75 per cent.
< 80% is 3 point nine 5 percent.
Potential ECB rate reduction in the new year.
The yield curve is inverted so hum dinger of a recession on the way.
For thicks like me what does that mean in simple terms?
By that you mean?
it needs to be simplified for thicks like you
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