Does paying mortgage with super affect Australian pension

If super is available at 60years, can you use funds to pay a mortgage on a primary residence, without impacting on the asset test for Australian Pension (when you reach pension age)?

To elaborate further:
- Planning to transition to or retire at 60years old.
- still have debt/mortgage on primary home.
- use super funds to pay off / reduce mortgage debt.
- at 67 years eligible for Australian Pension (subject to asset test). From what I understand asset test does not look at primary residence / home ownership.

Am I interpreting the rules / option correctly?

 

yes that is possible.

 

Thanks for reply Terry
I am thinking of tying it in with this strategy.

 

Technically, you could blow all of your super on day 1 and qualify for the pension at pension age provided you don't gift/give away your money

 

Thanks Scott
So does the casino qualify, for "giving away your money"

I watched this video and wanted to clarify what she meant by "invest", I now assume a primary residence is not an investment.

 

Your own home is excluded from the pension assets test, that's why there are plenty of pensioners in Dover Heights, Double Bay & Toorak.