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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Ben Smythe is a partner and principal adviser of Minchin Moore Private Wealth.
