Make hay while the superannuation sun shines

Mainstream media is alive with talk of our over-generous aged pension and superannuation systems and what doom might lurk in the current budget. Rather than caught up in the torrent of gibber, let it remind you to get your piece of the action.Ultimately we're likely to see changes to the overly generous aspects of the current super system. The relatively young age at which you can access a super lump sum and get a tax exemption, plus the fact the exemption has no limit, come to mind.But even if we ban lump sum withdrawals, extend the age at which you...

Mainstream media is alive with talk of our over-generous aged pension and superannuation systems and what doom might lurk in the current budget. Rather than caught up in the torrent of gibber, let it remind you to get your piece of the action.

Ultimately we're likely to see changes to the overly generous aspects of the current super system. The relatively young age at which you can access a super lump sum and get a tax exemption, plus the fact the exemption has no limit, come to mind.

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