With interest rates on the rise and investment rules increasingly volatile, Australians with cash to spare may be wondering how to make the most of it.  If you have a mortgage, should you make extra repayments or would you be better off in the long run boosting your super?

The answer is, it depends. Your personal circumstances, interest rates tax and the investment outlook all need to be taken into consideration. 

Some of the things you need to weigh up before committing your hard-earned cash include:

  • Your age and years to retirement 
  • Your mortgage rates
  • Super fund returns
  • Tax
  • Personal sense of security

All things considered

As you can see, working out how to get the most out of your saving is rarely simple and the calculations will be different for everyone. The best course of action will ultimately depend on your personal and financial goals.