The value of pensions and investments and the income they produce can fall as well as rise. You may get back less than you invested. Your home may be repossessed if you do not keep up repayments on your mortgage. Tax treatment varies according to individual circumstances and is subject to change. Tax Planning is not regulated by the Financial Conduct Authority. At one time or another almost all of us take financial advice. Even then though, our problems may not be over. Much financial advice is of poor quality, delivered by individuals without the experience and expertise to get to grips with our real needs. And much of it also is too narrow, addressing the question you have raised but failing to see the bigger picture. For example, if you ask for advice on investing tax-efficiently in an ISA, you will probably get it. What you don’t get, however, is a view on whether you would be better off putting the money into your pension plan or reducing your mortgage borrowings.
