Tax Free Lump Sum – Are You Tempted?
Should I use my pension tax free lump sum to pay off my mortgage?
Faced with the possibility of taking a tax free lump sum from your pension fund, you are presented with many temptations.
We're not necessarily talking about buying a sports car or taking a round-the-world cruise, it might be something seemingly prudent, such as using the lump sum to pay off a mortgage to reduce outgoings.
But, is that such a good idea?