Hacker News Reader

question: why would you pay it off early? money (generally) gets cheaper over time and if interest is lower then inflation there is no reason to pay it off early as the debt becomes cheaper every year.

View on HN

I no longer live in Australia and as long as you have this debt, you're required to file an Australian tax return. I paid it off to get rid of that hassle.

Also it used to be that voluntary payments got you a discount.

Most people don't - they just pay the minimum required out of their pay every year once they've reached the threshold.

But getting rid of it does make it easier to borrow more money for a house, etc.

Reply on news.ycombinator.com