Is Super really that Super?

Discussion in 'Investment Strategy' started by tk421, 2nd Feb, 2022.

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  1. Lacrim

    Lacrim Well-Known Member

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    They should allow Super to be accessible at 50/55 to people who have a min $x net worth outside of super. That would suit us so much. Any chance of that ever happening?
     
  2. Marg4000

    Marg4000 Well-Known Member

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    Nope.

    Super receives concessions as it is intended (hoped?) to provide income support in retirement. Allowing early access is very unlikely. If anything, age of access may be raised as it has been with the age pension.
     
  3. Ruby Tuesday

    Ruby Tuesday Well-Known Member

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    Nope, If you have enough you shouldnt need to access your super early. You should have enough to to last you 15 years. At 50 your funds need to last another 50 years. The big gains in Super are made in the last few years, the last 5 years could make more than all the previous 30 years. The last 10 years triple the previous 20 years.
     
  4. Scott No Mates

    Scott No Mates Well-Known Member

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    That would only serve as a bigger disincentive to add to super and a being more financially independent outside of Super
     
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  5. Lacrim

    Lacrim Well-Known Member

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    That's my choice isn't it? My money too last time I checked.
     
  6. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    The sole purpose of super is supposed to be to provide retirement funds to the member. But it seems to have become a way to hold wealth tax effectively so you can benefit your children after your dead.
     
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