[Goanna Dundee]

? I have a smallish mortgage on my home and a smallish amount of superannuation with which I could pay out the mortgage , I am 63 and like the idea of owning my home , at present I pay the mortgage and salary sacrifice into super , would it be best to pay out the loan and boost my salary sacrifice as best I can in the time I have left , is there a mistake that I'm not seeing? thanksBTW I'm Australian I don't know if UK or US systems are similar.

[gaillee01]

It really depends upon whether the interest on your mortgage is off setting taxable items...such as monies in the bank which draw interest and so forth.If your interest on your home is not helping to off set some of the above, I would pay that baby off and put that money into savings for a good vacation, or to simply have more money on hand.I am currently selling my home so I can downsize. Once sold, I will buy another home, but I will pay cash for the home and live without a mortgage and all the interest it draws.Either way, I wish you the best and truly, only you can make this decision.