Superannuation – Beware of lack of access

Superannuation – Beware of lack of access

“Money is of no use to us until it is spent.” – Irving Fisher

Even though superannuation is a great vehicle, the lack of access until after you retire (from age 55) makes it unsuitable for most young people as they leave themselves open to rule changes. You can access your superannuation before retirement under the hardship provisions but these are extremely rigorous and very few people are able to use them.

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