Is Using Your Super To Buy A Home A Good Idea?

With just days to go until the Federal election, both the major parties have announced new policies designed to attract the votes of, and allegedly help, first home buyers.  But what of the Coalition's plan to allow people to access up to $50,000 of their Superannuation to help pay for the deposit on their first home; is it a good idea that will genuinely help you get on the housing ladder, or a disaster for your retirement? The Quicky speaks to a Superannuation expert to find out everything you need to know before you cast your vote this Saturday. Subscribe to Mamamia GET IN TOUCH Feedback? We’re listening! Call the pod phone on 02 8999 9386 or email us at [email protected] CONTACT US Got a topic you'd like us to cover? Send us an email at [email protected] CREDITS  Host: Claire Murphy With thanks to: Matt Linden - Deputy CEO of Industry Super Australia, and leads their strategic engagement with the Federal Government, parliamentarians, central agencies, and parliamentary press gallery Producer: Claire Murphy Executive Producer: Siobhán Moran-McFarlane Audio Producer: Jacob Round Subscribe to The Quicky at... https://mamamia.com.au/the-quicky/ Mamamia acknowledges the Traditional Owners of the Land we have recorded this podcast on, the Gadigal people of the Eora Nation. We pay our respects to their Elders past and present, and extend that respect to all Aboriginal and Torres Strait Islander cultures. Just by reading our articles or listening to our podcasts, you’re helping to fund girls in schools in some of the most disadvantaged countries in the world - through our partnership with Room to Read. We’re currently funding 300 girls in school every day and our aim is to get to 1,000. Find out more about Mamamia at mamamia.com.auBecome a Mamamia subscriber: https://www.mamamia.com.au/subscribeSee omnystudio.com/listener for privacy information.