Q&A: Should I pay down my debt or put more contributions to my super?

One of the most common questions I’m asked is whether it’s smarter to put extra money into super or pay down the mortgage.

It really comes down to a few key things:
- Your age and when you’ll actually need the money
- The tax benefits and long-term growth potential of super
- The peace of mind that comes with reducing debt before retirement

There’s no blanket rule here - it’s about finding the right balance of growth, flexibility and security. That’s where a clear plan makes all the difference.

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This is general advice only and has been prepared without taking into account your objectives, financial situation or needs. For personalised advice, please seek professional guidance. Based on Australian regulations.

Amy Lehmann is an Authorised Representative (No. 1292710) of Consortium Private Wealth Pty Ltd (AFS Licence 495401).