There has been a fair amount of discussion on other threads re the topic of SUPER and I though that its own thread would generate enough interest.
In answer to the question my answer is a resounding NO.
It appears that Van Tharp,Barton and Sjuggeraud in their new book of 2004 agree--ISBN 0-07-142147-5, Safe Stratergies for Financial Freedom.
The true achievement of financial freedom comes from PASSIVE INCOME.
Of which I'm implementing 3---Super could be in this group but to create a worthwhile Super Value you would forgo the opportunity of developing some or all of the others I've implemented---at the very best their implementation would be stunted due to allocation of funds to Super---in my veiw.
(1) Business --for years I have ploughed profit back into the company--today it is big enough for me to have a semi passive income to the Maximum tax rate while I live as I wish---thats not working EVERYDAY---not retirement either.Plus banks love income flow so I'm not having to sell it to retire!
(2) Property --now freeholding properties buy selling those which have least potential and least return---as I have had them from 1996 50-60% of holdings will be freeholded and generating a very good passive income.(If ever I sell a property where tax would take more than a wage then We will ive in it before sale for 12 mths---there is another wage!!!)
(3) Shares--Spare or excess cash goes here and compounds as holdings are long term much is held well over 12 mths limiting tax issues.As time goes buy I intend to sell COST and trade profit only adding continually to those in the "Free Trade Stable" a continuing passive income which may not even be required to live.
Money does make money---ferret into a super fund and you are limiting its use--sure you cant get it and hence youll save it but you cant utilise it either.Freeholding your home makes more sence to me---walk into a bank with a freehold house of $300-600k (Todays value you could have paid <200K) and a good job and youll get at least that which you COULD with the right advice and planning double it in a few years---Super is limited by whats in it and what its return is--if ANY.
Tax is my cost of the freedom to create a standard of living MY WAY.
This is my own personal veiw.