Last edited: Sep 20, 2016 Age: 45 Spouse’s/Partner's age: 43 Annual gross income from employment or profession: 35000 Annual gross income of spouse:55000 Monthly take-home pay 4500 Type of employment: public servants In general are you: Saving (a) spending more than you earn, or (b) saving? Rough estimate of value of home €250000 Amount outstanding on your mortgage: nil What interest rate are you paying? Other borrowings – nil Do you pay off your full credit card balance each month? yes If not, what is the balance on your credit card? Savings and investments: 150k (130k earning about 1%, 20k c.u earning less tham 0.5%) Do you have a pension scheme? work pensions Do you own any investment or other property? yes worth about €85k mortgage of €55k Ages of children: 7,10,13,15 Life insurance: yes (only 120k) Hi I am wondering would it be more beneficial to pay off rental property mortgage. I have about 11 years left to pay on 55k. my mortgage is €523 per month while income from property is €473 (less any expenses that may occur). I am subsidising mortgage of €600 per annum. I always believed it was beneficail to have a mortgage on the property in order to write off the interest on tax return, however, i am wondering is there any benefit of it at this stage, due to the small amount of mortgage interest and it being only 75%. Anybody advise please?