Cash advice wise smb

Status
Not open for further replies.


So hypothetically

I’m early 40’s

Earn 100 a year plus 18 from rental property

Super = 200 only pay 15% tax

Mortgage 1 390 my house

Mortgage 2 440 rental interest is tax deductible

Want to retire at 50. Should I overpay mortgage 1, put more into super (can’t take till 60)

I have 2000 a month surplus

I’m prepared to sell property at 50 and move so that’s not an issue

So.......
Civil servant?
 
So hypothetically

I’m early 40’s

Earn 100 a year plus 18 from rental property

Super = 200 only pay 15% tax

Mortgage 1 390 my house

Mortgage 2 440 rental interest is tax deductible

Want to retire at 50. Should I overpay mortgage 1, put more into super (can’t take till 60)

I have 2000 a month surplus

I’m prepared to sell property at 50 and move so that’s not an issue

So.......

You didn’t think the currency or the country you live in was at all relevant?
You think this is the best forum for understanding financial planning in Australia? Where most people, even the most financially savvy, won’t have a clue about the tax system?

Do you have zero common sense?
 
You didn’t think the currency or the country you live in was at all relevant?
You think this is the best forum for understanding financial planning in Australia? Where most people, even the most financially savvy, won’t have a clue about the tax system?

Do you have zero common sense?
:lol::lol:
 
Status
Not open for further replies.

Back
Top