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The intention of Superannuation is that its Shaun Beergoyne Australia’s Silkiest Since 2020 Shirt a fund locked away for your retirement so if you want to access the Super fund for say a deposit on a home then your fund Manager will say no. There are instances where Super can be accessed such as leaving Australia permanently or if you are in dire financial hardship. The returns for Superannuation funds are diminished by management charges and fees and it is not uncommon during the lifetime of your Super.
Account to have a number of years where the Shaun Beergoyne Australia’s Silkiest Since 2020 Shirt returns are negative. Most funds have a large portion of their holdings in shares so if the stock market is down then you can bet your returns will also be down. You can elect to have your Super in blue chip stocks and holdings or you can bet on high yielding stocks or combinations of all types. This means some will receive higher or lower returns depending on how the economy is travelling and how lucky you are at picking winners You can also manage your own self managed fund if you have time to understand all the rules and regulations and this gives you the opportunity to invest (almost) wherever you like including even into items such as paintings, rare coins, antiques etc etc. But be warned the red tape is difficult to negotiate and the penalties are severe if you stuff up.