Got an £800k mortgage. Overpaying by a grand a month, which won’t really touch the sides.
Just finished a big refurb on the house. Was thinking about buying another property , but have gone heavy on pension instead , as I get tax relief on my tax bill.
Plan is to cash the house in 15 years, buy a smaller one and a place abroad, spend the equity and hopefully not touch the pension ( as it doesn’t form part of the estate ) then my kids pay no IHT.
Plan might not pan out, but hoping it does.

I’m a skinflint

Cheers mate. You seem to know what you are talking about
Yes. I’ve been paying monthly/lump sums into my pension, that benefits me as it comes off my tax bill. But also monthly into a personal pension for my wife.
Done this as we could use both of our allowances if we ever draw it.
Would I be better off just doing it all in my name (as I benefit from the 40% tax relief), and swallowing the tax at the other end ?

Got an £800k mortgage. Overpaying by a grand a month, which won’t really touch the sides.
Just finished a big refurb on the house. Was thinking about buying another property , but have gone heavy on pension instead , as I get tax relief on my tax bill.
Plan is to cash the house in 15 years, buy a smaller one and a place abroad, spend the equity and hopefully not touch the pension ( as it doesn’t form part of the estate ) then my kids pay no IHT.
Plan might not pan out, but hoping it does.

Pensions pots are not part if your estate until you reach 75 years old when it does become part.
Before 75 it is tax free if your beneficiaries use it for their own pension pot. Taken as cash at this time, it is taxable.