Thanks for letting me know about this topic! I’ve never heard of it before. Also I like your music and custom polo with your name embroidered on it! I wish your channel much success! 🔥🔥🔥
All these same myths apply to the 401k (which I believe is pretty identical to the Super but here in the US). I can definitely see where a lot of these come from but people are just hurting themselves financially by not taking advantage of the tax benefits or not getting started as soon as possible
If you fit the criteria and are in pension phase , are there any caps on how much you can take out as a one off lump sum or as regular pension payment .I know there is a min amount is there a max amount ?Does your super fund have the power to veto your request for a large lump sum withdrawal?
Hi Simon, provided it is a full account based pension (not a TTR pension) then there is no maximum withdrawal amount on pension payments or lump sum withdrawals. The super fund can't deny your request as this is legislated. Hope that helps!
I wish i put LESS money in super. It is such a waste. It just goes down and down and only goes up when i make a contribution! Then it goes down again. Pathetic! I'd rather put the money in property. At least its a real assest and i could rent it out.
You know you can invest in direct property through super. I'm not suggesting you should but I'm simply trying to illustrate that super itself is not the problem, what you are invested in through your super is...
@@GuidedInvestor Yes true... I'm not impressed with my super companies choice of investments. Everyone i speak to says the same. Why do they make such poor choices?
@@agoogleuser4299 unfortunately no one knows when a market downturn is going to happen, so when it does you typically just have to strap yourself in for the ride. The only other alternative would be to sit in cash but that holds more long term risk becuase you are guaranteeing yourself a pretty crappy return. There is no such thing as a risk free return. Best thing you can do is understand your exposures, set a growth to defensive split that you're comfortable with, and if the market drops see it as an opportunity to buy more assets when they're on sale
Thanks for letting me know about this topic! I’ve never heard of it before. Also I like your music and custom polo with your name embroidered on it! I wish your channel much success! 🔥🔥🔥
It’s definitely underrated!! I hate when people confuse the preservation age with the pension age 😱
Nice video man! Very cool hearing about this different options and the tax advantages! Looking forward to your next video bro!
Thanks Anthony, appreciate it mate
Great video, so important to know these things! Looking forward to more videos!
Thanks for watching 👍
*Nice work sharing the benefits of Super! Just hear to learn more and of course help your watch time.* 👍
Thanks Tom 👍
Like 14. Top advice as always mate during these uncertain times.
Thanks chief!
Great video! Super is so underrated but so important 🤯 new sub 😊
It is sure is! Thanks for watching 👍
Loving this
Thanks mate!
All these same myths apply to the 401k (which I believe is pretty identical to the Super but here in the US). I can definitely see where a lot of these come from but people are just hurting themselves financially by not taking advantage of the tax benefits or not getting started as soon as possible
Yeah I'm not full bottle on 401k but from my limited understanding it sounds pretty similar. Thanks for watching JT!
If you fit the criteria and are in pension phase , are there any caps on how much you can take out as a one off lump sum or as regular pension payment .I know there is a min amount is there a max amount ?Does your super fund have the power to veto your request for a large lump sum withdrawal?
Hi Simon, provided it is a full account based pension (not a TTR pension) then there is no maximum withdrawal amount on pension payments or lump sum withdrawals.
The super fund can't deny your request as this is legislated.
Hope that helps!
It's interesting to hear about the different investment vehicles around the world. Got to love youtube!
I learn heaps from TH-cam, such a great platform. Thanks for watching
I wish i put LESS money in super. It is such a waste. It just goes down and down and only goes up when i make a contribution! Then it goes down again. Pathetic! I'd rather put the money in property. At least its a real assest and i could rent it out.
You know you can invest in direct property through super. I'm not suggesting you should but I'm simply trying to illustrate that super itself is not the problem, what you are invested in through your super is...
@@GuidedInvestor Yes true... I'm not impressed with my super companies choice of investments. Everyone i speak to says the same.
Why do they make such poor choices?
@@agoogleuser4299 unfortunately no one knows when a market downturn is going to happen, so when it does you typically just have to strap yourself in for the ride. The only other alternative would be to sit in cash but that holds more long term risk becuase you are guaranteeing yourself a pretty crappy return.
There is no such thing as a risk free return. Best thing you can do is understand your exposures, set a growth to defensive split that you're comfortable with, and if the market drops see it as an opportunity to buy more assets when they're on sale