Money magazine Comments - Ask Paul: Why can't I use my super to pay off the mortgage? Ruth and her husband owe $150,000 on their house, so why can't she cash out her super to pay it off? "Why do I have to wait until I'm 60? Won't it save me money?" https://www.moneymag.com.au/feed/latest?story=179804466 Wed, 05 Jun 2024 21:23:57 +1000 Wed, 05 Jun 2024 21:23:57 +1000 en-AU Copyright 2026 Money magazine 5 Money magazine Comments - Ask Paul: Why can't I use my super to pay off the mortgage? https://media.moneymag.com.au/prod/media/library/Money_Mag/Logo/Logo_401x133.png Comment by Janice Johnson ()

Question. I stopped working 10 years ago and have not made any contributions. My balance is $124000. Because I havnt made any more cintribunions, is my life Insurance attached to my super still payable on my death. Also if I was still was paying a TPD payment , would they still pay out even though I wasn't working?

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]]> Janice Johnson () Wed, 05 Jun 2024 21:23:57 +1000 Comment by Raymond Martin ()

Im over 60 and want to pay out 140000 mortgage and then put the rent i recieve back into super ,can i do this

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]]> Raymond Martin () Mon, 15 Jun 2026 11:14:08 +1000