Old-fashioned knowledge used to determine Australians were better paying down their mortgage loans and when financial obligation free switching their awareness of accumulating their super. However with interest levels at record lows and several super funds possibly providing a greater price of return, what’s the proper strategy into the market? 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 money that is extra superannuation or even the home loan? Which strategy will leave them best off in the long run? Within the super versus mortgage debate, no two different people can get the exact same response – but there are many recommendations you are able to follow to sort out what’s right for you personally.