I understand the logic, and do not argue against anyone who wishes to take that path of investment, compared to investing in superannuation.
However, if current rules continue into the future, profits and gains on funds invested in an Asset Based Pension, inside a Superannuation Fund, do not attract any taxation once in the pension phase, and the pension paid to the super investor is tax free as well.
If you have been operating a SMSF, you have all the control over the investment assets that you might wish to have, except for mortgaging them to leverage future investments.
If you want a bundle of cash, just payout more than the minimum annual pension, once you are in retirement phase. That might allow you sufficient deposit to purchase a geared property in your own name; perhaps a number of times over the years.
