It has a range of Federal Government (Government) imposed restrictions before funds can be assessed, which are softened by tax concessions.
Is not suitable for clients planning to retire early.
With the preservation age current at 55, but transitions to 60 years for those born on or after 1 July 1964, clients needing funds before preservation age would be ill advised to lock up additional money in superannuation.
Superannuation is a retirement savings vehicle, but it’s only going to be relevant if you want to retire after preservation age.
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The advice provided is general advice only as, in preparing it we did not take into account your investment objectives, financial situation or particular needs. Before making an investment decision on the basis of this advice, you should consider how appropriate the advice is to your particular investment needs, and objectives. You should also consider the relevant Product Disclosure Statement before making any decision relating to a financial product.
