Traditional knowledge utilized to determine Australians were better paying off their mortgage loans and when financial obligation free switching their awareness of gathering their super. However with interest levels at record lows and lots of super funds possibly providing a greater price of return, what’s the best strategy into the market that is current? AMP’s Technical Strategy Manager John Perri investigates.
It’s one of the more questions that are common advisers get. Are consumers best off putting more money into superannuation or even 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 on the mortgage loan when compared with the price of return in your super investment. Continuer la lecture de 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?