Over the last 12 months there has been a myriad of new interpretations and legislative tinkering to ensure that no one can take their superannuation early or use it for a purpose other than retirement. The key things to watch out for are:

• Any scheme or plan that allows you to take your superannuation early.
• Make sure that you know what you can contribute to your super and how much you can contribute. If you accidently put too much into your fund, you cannot simply take it back out. If you have a salary sacrifice agreement in place, make sure you review it for any salary changes so you don’t breach the caps.
• Make sure any actions you take are allowed by your trust deed. If you have not updated your trust deed lately you may not be able to take advantage of some options currently available. If it’s not in the deed, you can’t do it!