Hi all,
Firstly I have no idea which topic to post this in so mods please feel free to move if appropriate..
I work in a gov. dept which has a minimum 2% super contribution to PSS and I am currently paying 5% ($120ish) per fortnight based on wages of approx $57k. Partner is on slightly lower wage of approx $46k & contributes $40 fortnight to their 'industry' super.We are both in our early - mid 40's (although it doesn't feel it )
We have PPOR & 1 IP (neg geared by about $80pw after tax which we plan to hold long term) and plan to purchase 1 more IP within the next 12 months and hopeully 1 a year after that. We have no other debts apart from these 2 mortgages & live off a LOC.
Considering our ages & our plan to purchase more IPs, are we better off reducing my contribution to improve cash flow & savings or leave it going into super & pick up as much govt co contributions as possible now while we have the funds?
Opinions please?
Cheers
Stella
Firstly I have no idea which topic to post this in so mods please feel free to move if appropriate..
I work in a gov. dept which has a minimum 2% super contribution to PSS and I am currently paying 5% ($120ish) per fortnight based on wages of approx $57k. Partner is on slightly lower wage of approx $46k & contributes $40 fortnight to their 'industry' super.We are both in our early - mid 40's (although it doesn't feel it )
We have PPOR & 1 IP (neg geared by about $80pw after tax which we plan to hold long term) and plan to purchase 1 more IP within the next 12 months and hopeully 1 a year after that. We have no other debts apart from these 2 mortgages & live off a LOC.
Considering our ages & our plan to purchase more IPs, are we better off reducing my contribution to improve cash flow & savings or leave it going into super & pick up as much govt co contributions as possible now while we have the funds?
Opinions please?
Cheers
Stella