Property deposit

I have $60,000 in my super, I am 38 and work as a boilermaker on a casual basis and on average earn $100,00 p.a. Can I use this for a house/property deposit?

A: You can’t access your super till you turn 60 (at the earliest). So, these funds can’t be used as a deposit.

Is your $60,000 in an SMSF?

If so, then you can potentially use these monies as a deposit for an investment property that is owned by your SMSF. You can’t live in it – or rent it to any related party. Is this the scenario you are asking about?


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