Money magazine Comments - Ask Paul: Should I pay a lump sum off my home or investment property? Michael has $10,000 to pay off either his home or his investment property. He's heard it's best to pay off non-deductible debt first, but is that true in this case? https://www.moneymag.com.au/feed/latest?story=165425394 Sun, 14 Jun 2020 18:58:32 +1000 Sun, 14 Jun 2020 18:58:32 +1000 en-AU Copyright 2026 Money magazine 5 Money magazine Comments - Ask Paul: Should I pay a lump sum off my home or investment property? https://media.moneymag.com.au/prod/media/library/Money_Mag/Logo/Logo_401x133.png Comment by Sumit Kakkar ()

A good explanation and i always get confused. So if we fall on 35% bracket tgen as per above example, we shall pay home koan first as its coating 2.88 and investment costs 2% after tax deductions.

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]]> Sumit Kakkar () Sun, 14 Jun 2020 18:58:32 +1000 Comment by Steve Hollingworth ()

Hi Paul, I have $130,000.00 owing on my home and I am considering retirement in the next 12 months, I have a substantial superannuation (defined benefits) and $250,000.00 in savings. Would you recommend i pay off the mortgage prior to retirement. Love to hear your thoughts cheers Steve.

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]]> Steve Hollingworth () Thu, 05 Nov 2020 19:16:32 +1100