Superannuation
Finance
Self-managed super funds banned from new residential property loans
Self-managed super funds can no longer take out new loans to buy residential property. Existing loans are protected, contracts already exchanged can still settle, and commercial property borrowing survives.
Superannuation
Aged care CEO challenges Australia's $4 trillion inheritance mindset
An estate planning lawyer sees the same conflict in every third meeting: parents who won't spend their super on care because they promised the house to the kids. Tracey Burton thinks it's time for a culture change.