The Federal Budget 2021-22 included good news for super members. Find out what it could mean for you.
Why can’t I withdraw my super when I like?
Superannuation is a long-term investment, designed to give you financial support when you retire. It’s taxed differently to your income and not generally accessible until you reach your ‘preservation age’ (retirement). You can’t access it when you feel like in order to give your account balance a chance to grow.
To learn more about superannuation preservation age, take a look at the PDS.