Welcome back to another episode of the 360 Money Matter Podcast! Do you have excess cash flow, or maybe a surplus of cash right now? While there are many different ways to go about using that excess, one of the most common questions we get would be should I pay my debts or should I pay into superannuation?

And while there’s no definitive all-answer to that question, we really wanted to dive into the different options available and some of the pros and cons that can help you in deciding what may be best for your personal situation.

If you feel like you need a refresher on superannuation and an even more specific client scenario, feel free to check out our previous episodes of the 360 Money Matters podcast!

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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis &  Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706

Episode Highlights: 

• Different types of debts (good or bad)

• What are your options

• Retirement time frame

• Mortgage repayments vs Super repayments

• Tax deductibility

• Level of risk and opportunity for growth