Super lump sum withdrawals are subject to limits - read more here
The low rate cap for the financial year ended 30 June 2023(FY23) is currently $230,000 - check out the full low rate cap details here
So, if you are thinking of drawing money out of superannuation to pay off your home loan, you need to ensure you are mindful of these limits and seek professional advice as the devil is always in the detail.
Disclaimer: This information is general in nature, and you should examine your eligibility for these concessions carefully under the criteria set out in the legislation. So, before acting on this or any other information, it is important to seek professional advice related directly to you and your circumstances. Should you require our assistance, contact your Primarius Team leader or email us at email@example.com