Should I Pay Off My Mortgage or Put Money in Super?
Should you pay off your mortgage or put extra money into super? For most Australians on above-average incomes with more than 10 years until retirement, salary sacrifice into super wins on the maths because of the tax saving on concessional contributions. For those close to retirement, or on lower marginal tax rates, or who value certainty over expected return, extra mortgage repayments can genuinely be the better call. The Age Pension interaction, which almost every generic calculator ignores, can shift the answer again.
This guide walks through both sides with the 2026-27 tax and contribution cap figures, covers the Age Pension mechanics most people miss, and gives you a framework by life stage rather than a one-size-fits-all answer.
