Hi all,
One of the fortum topics recently is regarding Chris Batten’s Investment Report. To those who have read this report, can you please shed some light or give some ideas as to how you can legally use your super to pay off your home mortgage (PPOR)? I’d really like to put as much $$$ as I could towards my PPOR to build more equity and invest some more on positive cashflow IPs.
Thanks,
NoviceM???????
hi NoviceM
The short answer is: you can’t.
As far as I can see, t his is not covered in Batten’s book. And I can’t see any way in which super could be used to reduce your PPOR debt (until you retire?).
Terryw
[email protected]Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
well if a cash cow set up a super futures lending fund perhaps they could do it that way. i.e. they lend you money based on your super fund value at a given interest rate probably higher than normal. The higher rate would cover the risk and inflationary aspects, say 10% Your capital growth could still exceed that diference in interest from the standard borrowing rates and you would get a bigger tax deduction anyway.
Someone should set it up. just an idea.
Thanks for your input guys…
Cheers,
NoviceM
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