--- title: "Mortgage vs super: Where should you put your extra money?" description: Where should you put extra money? How to decide whether to put extra money in super or repay mortgage faster image: https://insights.wlm.com.au/hubfs/Stock%20images/Pretty%20young%20lady%20taking%20a%20decision%20with%20scale%20above%20her%20head.jpeg --- [![WLM\_Logo\_RGB\_Orn50](https://insights.wlm.com.au/hs-fs/hubfs/WLM_Logo_RGB_Orn50.png?width=521&height=169&name=WLM_Logo_RGB_Orn50.png "WLM_Logo_RGB_Orn50")](http://wlm.com.au/) - [About](https://www.wlm.com.au/about/) - [Services](https://www.wlm.com.au/services/) - [Tax & Compliance](https://www.wlm.com.au/services/tax-and-compliance/) - [Strategy & Advice](https://www.wlm.com.au/services/strategy-and-advice/) - [Clients](https://www.wlm.com.au/clients/) - [Construction & Trades](https://www.wlm.com.au/clients/construction/) - [Family Business](https://www.wlm.com.au/clients/family-business/) - [Insurance & Financial Services](https://www.wlm.com.au/clients/insurance-and-financial-services/) - [Renewable Energy & Environment](https://www.wlm.com.au/clients/renewable-energy-and-environment/) - [Service-based & Other Business](https://www.wlm.com.au/clients/service-based-and-other-business/) - [Insights & Case Studies](https://insights.wlm.com.au/blog) - [Blog](https://insights.wlm.com.au/blog) - [Buying a property with a business partner](https://explore.wlm.com.au/buying_a_property_with_a_business_partner_download) - [How to minimise tax & risk with business structure](https://explore.wlm.com.au/business-structure-whitepaper-download) - [Contact](https://www.wlm.com.au/contact/) [Login](https://clientlogin-us2.karbonhq.com/4Frhz6cPZq6r) - [About](https://www.wlm.com.au/about/) - [Services](https://www.wlm.com.au/services/) - [Tax & Compliance](https://www.wlm.com.au/services/tax-and-compliance/) - [Strategy & Advice](https://www.wlm.com.au/services/strategy-and-advice/) - [Clients](https://www.wlm.com.au/clients/) - [Construction & Trades](https://www.wlm.com.au/clients/construction/) - [Family Business](https://www.wlm.com.au/clients/family-business/) - [Insurance & Financial Services](https://www.wlm.com.au/clients/insurance-and-financial-services/) - [Renewable Energy & Environment](https://www.wlm.com.au/clients/renewable-energy-and-environment/) - [Service-based & Other Business](https://www.wlm.com.au/clients/service-based-and-other-business/) - [Insights & Case Studies](https://insights.wlm.com.au/blog) - [Blog](https://insights.wlm.com.au/blog) - [Buying a property with a business partner](https://explore.wlm.com.au/buying_a_property_with_a_business_partner_download) - [How to minimise tax & risk with business structure](https://explore.wlm.com.au/business-structure-whitepaper-download) - [Contact](https://www.wlm.com.au/contact/) # News, views and more ![Amanda Rogers](https://insights.wlm.com.au/blog/Amanda%20Rogers) **Amanda Rogers** 23 July 2020 — 1 min read ### Share [mailto:?subject=Mortgage%20vs%20super:%20Where%20should%20you%20put%20your%20extra%20money?&body=https://insights.wlm.com.au/blog/mortgage-vs-super-where-should-you-out-your-extra-money](mailto:?subject=Mortgage%20vs%20super:%20Where%20should%20you%20put%20your%20extra%20money?&body=https://insights.wlm.com.au/blog/mortgage-vs-super-where-should-you-out-your-extra-money) [mailto:?subject=Mortgage%20vs%20super:%20Where%20should%20you%20put%20your%20extra%20money?&body=https://insights.wlm.com.au/blog/mortgage-vs-super-where-should-you-out-your-extra-money](mailto:?subject=Mortgage%20vs%20super:%20Where%20should%20you%20put%20your%20extra%20money?&body=https://insights.wlm.com.au/blog/mortgage-vs-super-where-should-you-out-your-extra-money) ![](https://insights.wlm.com.au/hubfs/Stock%20images/Pretty%20young%20lady%20taking%20a%20decision%20with%20scale%20above%20her%20head.jpeg) ## Mortgage vs super: Where should you put your extra money? It's an age old question - are you better off putting extra money into your home loan or super? We look at how the numbers stack up and the pros and cons of each option. So you have an extra $200 a month and are tossing up whether you should use that to pay off your mortgage faster or top up your super. Or maybe you are expecting a tax refund of a few thousand dollars and are curious whether you'll get more bang for your buck by adding it to your mortgage or your super. The Canstar research team has crunched the numbers for those two scenarios to give you an idea of what the potential impact would be. [Click here to read more.](https://www.canstar.com.au/superannuation/mortgage-vs-super/) ### WLM can help [If you'd like help](https://www.wlm.com.au/) with understanding your obligations or any further information, [please contact us today.](https://www.wlm.com.au/contact/) [![New call-to-action](https://hubspot-no-cache-ap1-prod.s3.amazonaws.com/cta/default/6037207/e520877a-d8f2-4174-849c-3565a233feff.png)](https://hubspot-cta-redirect-ap1-prod.s3.amazonaws.com/cta/redirect/6037207/e520877a-d8f2-4174-849c-3565a233feff) ##### Make a comment [Previous](https://insights.wlm.com.au/blog/webinar-your-2020-super-and-investments-survival-guide) [Next](https://insights.wlm.com.au/blog/lower-minimum-pension-drawdown-rates) ## Wealth matters. Ask us how we can help you boost yours. [Contact WLM Financial](http://wlm.com.au/contact/) ## Subscribe Stay up to date with tax and accounting news, and subscribe to our newsletter. 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WLM does not however warrant the accuracy of the information and forecasts possibly contained in the WLM website. No visitor to the site should rely upon the information and/or recommendations contained in the WLM website. WLM strongly recommends that all prospective purchasers of securities should make their own inquiries and seek professional advice before acting on any of the information contained in the WLM website. Should you wish to seek advice, please feel welcome to [contact us](http://wlm.advisclient.com.au/contact/). ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Amanda Rogers", "url" : "https://insights.wlm.com.au/blog/author/amanda-rogers" }, "dateModified" : "2024-12-23T04:31:27.650Z", "datePublished" : "2020-07-23T03:43:56.000Z", "headline" : "Mortgage vs super: Where should you put your extra money?", "image" : [ "https://insights.wlm.com.au/hubfs/Stock%20images/Pretty%20young%20lady%20taking%20a%20decision%20with%20scale%20above%20her%20head.jpeg" ], "mainEntityOfPage" : { "@id" : "https://insights.wlm.com.au/blog/mortgage-vs-super-where-should-you-out-your-extra-money", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://insights.wlm.com.au/hubfs/WLM_Logo_RGB_Orn50.png" }, "name" : "WLM Financial Services Pty Ltd" } } ```