Can you pay Mortgages with your Superannuation?

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Can you pay a mortgage with your super account? Many people like to know whether they can utilise their superannuation account earlier, to make mortgage payments, for instance. Under normal circumstances, a super account doesn’t operate like a bank account and access to its funds is not possible before retirement at a certain age or unless that person has fulfilled certain specific conditions, such as permanent disability or severe financial hardships. This is due to super accounts being subjected to special access rules called preservation. Continue reading “Can you pay Mortgages with your Superannuation?”