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Establishing residence for early access to super

Discussion in 'Legal Issues' started by Cimbom, 13th Sep, 2015.

  1. Cimbom

    Cimbom Well-Known Member

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    Hello,

    Just wondering what criteria is generally looked at when it comes to early access of super for the purpose of making mortgage payments? If the property was an IP but the owner then moves into it, would they be able to meet the requirements and what is the duration of residency that's needed?

    Thanks in advance :)
     
  2. Terry_w

    Terry_w Solicitor, Finance Broker, CTA Business Member

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    You must meet a condition of release such as reaching retirement age or being diagnosed with a terminal illness.
     
  3. Cimbom

    Cimbom Well-Known Member

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    Canberra now Sydney
    Thanks. Yes, presuming a condition of release is met. How long would you need to be living there for it to be classed as a PPOR and what proof do they generally require?
     
  4. Paul@PFI

    Paul@PFI Tax Accounting + SMSF Business Member

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