AFR Smart Investor --- Page: 82 : April 2007 Original article by Daryl Dixon
ABIX Summary
Do-it-yourself investors have a one-off opportunity to invest up to $A1 million in their superannuation before 1 July 2007. Australian investors considering how to finance their contribution should note that super is a better investment than life insurance or friendly society bonds. It could be wiser to borrow up to $A1 million on assets such as the family home or investment properties than to sell the assets to raise funds. Borrowing to invest in super before the end of 2006-07 could be a better strategy than using a reverse mortgage later on when other assets have been used.
