Anyone close to retirement or in retirement that has a bit of home loan debt would be foolish not to pay off their debt with super — provided you had some surplus funds left over.
Gov. Andrew Cuomo in budget projects has described several types of surpluses under the proposed 2015 - 16 budget, with $ 525 million expected to be leftover in the general fund.
If a client has a surplus of money leftover at the end of the month, Walkington suggests putting that money toward something fun, like a vacation or new car fund.
Not only that, Manisha is left with just four tax - free avenues for investing her surplusesover the long term — provident fund, gratuity, superannuation fund and any other pension fund approved by the central government.