Starting the process of accessing your DC pension

[PaulSB]

You could be right, cheers.

i.e. the monthly payments that would've gone towards paying off the mortgage were instead put into his pension pot with a view to bringing forward his retirement age.

Exactly. Sorry if I wasn't clear. We were able to increase my pension contributions by £350pm = £4200pa. Over nine years this makes a significant difference, even starting at 53.

 

[Mazz]

Exactly. Sorry if I wasn't clear. We were able to increase my pension contributions by £350pm = £4200pa. Over nine years this makes a significant difference, even starting at 53.

No worries mate thanks for the clarification.

I will just add/clarify that the pension I am thinking of drawing is a DB pension I'd been paying into at a previous company from 2000-2010, before moving job. From 2010 onwards I've got a DC pension which I've no plans to draw just yet.

Just thought I'd mention that to give you all a fuller picture. Thanks