I'm in a similar boat and was thinking if using Superannuation Pension income to pay a mortgage for me when I retire.
I currently rent, and was thinking of using a mortgage to help fund my retirement property and use Super to pay it.
I have a decent balance and by the time I hit preservation age it should be better still.
Certainly going to pay me a pension higher than my wage.
I will look more closely as the time gets nearer but with the proposal being floated around about introducing Caps to high balances, I may have access to funds earlier than preservation age and while I'm still working. This would change things, huge deposit and still have a job paying income plus capital value of Superannuation to show as an exit strategy when the bank invariably asks, what's your exit strategy, Sir.
