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Old 12.07.2011, 10:05
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Phil_MCR Phil_MCR is offline
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Re: Pay into 2nd pillar whilst drawing on 3rd pillar

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edit - now i read the second part - yes this is what the banks call indirect amortisation, except they would rather you don't cash it in after 4 years but hold indefinately - this is an option if you are currently paying direct amortisation, but check your mortgage terms - most mortgages here do not offer such flexibility to randomly pay capital payments - libor is often an exception as it is renewed on a regular basis - also any fixed term contract obviously can be paid down at the end of the term
cheers. will speak to the bank later this week. the LIBOR mortgage i have does have some flexibility in terms of re-payments: I can repay capital every 3 months.
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