Although superannuation is the optimum vehicle for the long term accumulation of retirement assets, care needs to be taken that only an appropriate amount of funds are contributed to superannuation. This is particularly important for individuals who are hoping to retire before their preservation age, which is the age at which you are able to access your superannuation balance.
It is important that a sufficient level of non superannuation asset base is accumulated to ensure that not only are income needs met between the goal retirement date, and the time at which superannuation becomes accessible, but to ensure that you have access to sufficient capital should unexpected expenses arise or a reduction in income be experienced.
When correctly structured, tax can be minimised on non superannuation investments. Consideration needs to be given to which member of a couple should own the asset, or if a trust or company structure is an appropriate non superannuation investment vehicle.