Superannuation is an extremely effective investment vehicle for most people, but is not necessarily appropriate for all.
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.