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96,810 Posts.
75
19/09/12
09:16
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hi again,
I can see an emotional reason for drawing super to pay off a home.
But, sorry, that's where it stops.
What the hell is the point if it then zooms back into a mortgage.
It then makes zero sense to use that property as security in an investment property -------- outside super.
He exposes himself to risk, cgt.
Also he immediately loses the emotional benefit of owing the home debt free ---------- none of it makes sense.
Sorry, I think it is a really dumb move.
have a great day
Pinto
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