Bolin Super - self managed super SMSF Canberra

Thursday, May 23rd

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You are here: Why Invest in Superannuation Reasons not to invest in Superannuation

Reasons not to invest in Superannuation

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Loss of
access to
Funds
Money that is invested in superannuation is locked up (preserved) until one of the following retirement events happens:

~ You turn 65
~ You are over 55 and retire
~ You are over 60 and stop being gainfully employed
~ You become eligible for Invalidity Payment
~ You become eligible under the hardship or compassionate provision

You cannot draw on the funds, borrow the funds, lend the funds or use the funds as security for borrowing if you have not satisfied one of the above conditions of release.
Insufficient
Benefit		 You would not invest in superannuation if you do not have sufficient funds to make the investment cost-efficient. For example, you are on a personal tax rate of 15% already, then the cost of investing your money into superannuation may not make it beneficial, or if you only had a small amount to invest, the extra cost of superannuation as an investment vehicle compared to the alternatives may make it not worth while.
You should talk to us about the suitability of investing into Superannuation in your circumstances.
Important: This is not advice. Clients should not act solely on the basis of the material contained in this information sheet. Items herein are general comments only and do not constitute or convey advice per se. Further changes in legislation may occur quickly. We therefore recommend that our formal advice be sought before acting in any of the areas. The information sheet is issued as a helpful guide to clients and for their private information.