Withdraw 25% free tax pension to pay mortgage

[Pensionplanning72]

DH is 59, planning to work for 5 more years. Not a massive pension; wondering if it will be worth it to get 25% tax free of his pension to pay mortgage and reduce interest.

Depends on mortgage rate, whether you'd need the money for something else that might require borrowing at a higher rate eg car replacement.

Has he had advice on taking his pension? If it's a defined contribution scheme he can get free advice from pension wise, which is probably worth doing.

If you're asking because you're worried about the 25% tax free lump sum being scrapped for people on 'not massive' pensions, this is extremely unlikely to happen in the short term.

Anyone saying otherwise is trying to stir up panic for political gain.

Is the pension defined benefit or defined contribution, or something else?

More information needed.

How big is his pension pot ?
How much is outstanding on your mortgage ?
What interest rate are you paying ?