Thanks for the new super proposal - but should I still pay off my mortgage first?

Thanks for the new super proposal - but should I still pay off my mortgage first?

I was out seeing one of my dental clients in my professional capacity recently, checking through tax and accounting issues and making future plans to develop and review a number of business strategies over the following months. Apart from discussing specific circumstances, we also talked through a number of so-called old “truisms”. Namely... • Was it still worthwhile gearing a residential property portfolio or your surgery? • Do company structures still provide the best asset protection, allow you to maximise superannuation contributions and help cap effective tax rates? • Was superannuation still a race at the end; your last tax effective short term investment strategy before retirement? • Did paying down your home mortgage still beat superannuation and other nonsuper investments?

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