It’s the most questions that are common advisers get. Are customers best off putting money that is extra superannuation or even the home loan?

It’s the most questions that are common advisers get. Are customers best off putting money that is extra superannuation or even the home loan?

It’s the most questions that are common advisers get. Are customers best off putting money that is extra superannuation or even the home loan?

Traditional knowledge used to determine Australians were better paying down their mortgage loans and when debt free switching their focus on accumulating their super. However with interest levels at record lows and several super funds possibly providing an increased price of return, what’s the best strategy within the economy? AMP’s Technical Strategy Manager John Perri investigates.

It’s one of the more questions that are common advisers get. Are customers best off putting extra cash into superannuation or the home loan? Which strategy will off leave them better as time passes? No two people will get the same answer – but there are some rules of thumb you can follow to work out what’s right for you in the super versus mortgage debate.

A very important factor to think about could be the rate of interest in your mortgage loan compared to the price of return on your own super investment. As banking institutions stick to the RBA’s lead in reducing interest levels, you will probably find the returns you can get in your super investment are possibly greater.

Super can be constructed on compounding interest. A buck committed to super may significantly grow over time today. Leer más


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