noworriesmate

Only just caught up on this news - she was an amazing woman. Someone who you would definitely want fighting for you and not against you. Sharpness of mind and pen, would not back down from a fight with a keen sense of justice, especially for those who had difficulty fighting for themselves. May you RIP. NWM

Yup, thanks for the clarification - I am salary sacrificing as you describe - makes a huge difference. Daniel

Although hopefully your property will be going up in value which will negate some if not all of that difference. The big difference is the tax break of 15% that I mentioned earlier. NWM

That is probably true for people just starting out, but for many people it will be a number of years of holding a mortgage before they have spare money to start paying extra off. Therefore in many cases (such as my own) there is already some equity in the house which can be drawn down in a real emergency. In my personal circumstance, I have been making extra payments on my mortgage for the past couple of years and the advisor has suggested I now switch to putting that money into super. In saying that, I can't get what I have been told all my life out of my head and have decided to continue overpaying my mortgage with 25% of the extra money and the other 75% I now put into super. NWM

I've been interested to note how many people are choosing to pay their mortgage off early. I've always thought that and been told to do it by everyone until recently when I spoke to a financial advisor. They pointed out that if instead of making overpayments on my mortgage I put it into super instead, I would be 1000's of dollars better off because any payments made into super are only taxed at 15% instead of the 30% (or more) if you use taxed income to pay your mortgage. The advice I was therefore given was to put the extra money into super and then draw it down when i'm 60 to pay off the mortgage - in my case I will be around $30k better off then paying the same amount directly off my mortgage. They put me onto this government calculator to see the difference it makes (if anyone else is interested) https://www.moneysmart.gov.au/tools-and-resources/calculators-and-apps/super-vs-mortgage-calculator NWM

Awesome news on your house - well done!! NWM

Opportunity Change Lifestyle NWM

Congratulations (maybe) I hope you have been made aware of the 5 unofficial rules to being a mod - They will steer your captaincy well if you abide by them! 1) Do not listen to anything The Porn Queen says 2) If you must listen to The Porn Queen answer everything with "Whatever!!" she likes this a lot!! 3) Do not listen to anything The Porn Queen says 4) There is no escape from being a mod - you can run, you can hide but Admin can find you anywhere!! 5) Do not listen to anything The Porn Queen says NWM :wink:

Are you still on there? I thought you had left! :wink:

You make it sound like I died or something!! I'll still be around and pop in to annoy from time to time, just without my mod hat on!! Daniel

No, you don't need to get photos countersigned for renewals. NWM

We have been advised by ARLA that we may leave ourselves open to negligence charges and therefore all ARLA agents should follow this advice. I am not certain whether it has been tested in court but I certainly don't want our company to be the first! NWM

Six months upfront (plus deposit) would satisfy most letting agents so try a few more. Re having to view the property first, that's actually the law and the contract could be considered void if it was later found you hadn't seen it before signing. NWM

Pre-sale tickets sold out within a few minutes this morning, public sale starts on Friday - you will need to have fingers ready to pounce!! NWM

Just booked my tickets to see Liverpool play Adelaide United at the Oval 20th July - can't wait!! NWM