SMH
·general
·3 hours ago
Retired investor faces frozen superannuation funds for grandchildren’s savings
A retired individual’s plans to invest in superannuation accounts for their grandchildren hit a snag as funds were frozen due to contribution requirements. Aware Super’s Peter Hogg advises that super is intended for retirement, suggesting families consider more flexible investment options for children's savings. These alternatives can better support education and life milestones until the children start working.
Summary by Glance · SMH
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