While accessing your super to help the kids buy property may seem like a good idea, there are a few things to understand first.
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As the Bank of Mum and Dad continues to gain popularity as a viable property funding source, accessing superannuation to assist the next generation in purchasing a property is one pathway parents may consider.
While working parents cannot directly lend money from their super to their children, once they have met a condition of release and can access their super, more options become available.
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Original URL: https://www.afr.com/wealth/superannuation/tapping-super-to-help-your-kids-buy-a-home-read-this-first-20241030-p5kmn6
