Next month I could either use £7k to pay off my mortgage or put £7k into my ISA.
I cleaned out my ISA about 18 months ago to pay off a chunk of mortgage so the ISA is only worth about £1k. I pay about £30 per month in interest on my mortgage.
It would be nice to clear the mortgage but I have not used any of my ISA allowance for this financial year and shares have dropped so it might be a good idea to take the £30 hit in interest every month and put the money into the ISA.
I would like some advice, which would you do?
I cleaned out my ISA about 18 months ago to pay off a chunk of mortgage so the ISA is only worth about £1k. I pay about £30 per month in interest on my mortgage.
It would be nice to clear the mortgage but I have not used any of my ISA allowance for this financial year and shares have dropped so it might be a good idea to take the £30 hit in interest every month and put the money into the ISA.
I would like some advice, which would you do?
Comment