Unfortunately, some of the things people say and hear about super aren’t always correct. To help you separate fact from fiction, we’ve busted a couple of common super myths:
I can nominate any friend or family member as a beneficiary
I pay tax on my super
I can buy a house with my super
This one is a bit tricky – it’s not exactly a myth, but while you can technically buy a house with your super, it’s likely not as easy as you think. In particular, the answer depends heavily on who you are, and what type of house you are looking to buy and why.
There are two main ways in which your super could help you buy a house:
I have to wait until I'm 67 to access my super
Was this helpful?
We're here to help
If you want to learn more or need help with making a decision about your super, you can get simple advice over the phone. It’s included as a part of your membership so there’s no extra cost.