Mortgage vs Super - What should you prioritise?

Are you better putting your extra money into your home loan or your super fund?

Picture this: you have an extra $500 per month and you’re wondering whether you should use the extra cash to pay off your home loan faster or to top up your super fund.

Or maybe you are expecting a large tax refund worth thousands of dollars and you’re thinking whether you’ll get more of your money’s worth by making additional contributions to your mortgage or your super. 

As with most financial decisions, there is not a one-size-fits-all approach – no two people are the same, so there’s no straight answer to this question.

We lay out the pros and cons of both options as well as other factors to consider when deciding below. 

Choosing to pay extra into your mortgage 

The Pros
The Cons

Choosing to pay extra into your super 

The Pros 
The Cons 

Other factors to consider 

So, how do you decide between mortgage and superannuation?

When you are trying to figure out what is the best option for you, here are some of the issues to consider.

    The Money Edge works with clients to help them focus on accumulating wealth tax effectively over time to allow them to meet their goals and allow them to do “what they want, when they want, with whom they want, in a manner that they want”.  

    To discuss your wealth creation further, we encourage you to contact The Money Edge on (07) 4151 8898 or email us at

    Disclaimer: This content provides general information only, current at the time of production. Any advice in it has been prepared without taking into account your personal circumstances. You should seek professional advice before acting on any material.

    The Money Edge Pty Ltd, t/a The Money Edge is a Corporate Authorised Representative of Akambo Pty Ltd t/a Accountants Private Advice (AFSL no. 322056) ABN 16 123 078 900 Level 14, 379 Collins Street, Melbourne, Victoria 3000.

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