What is the difference between the RBF Investment Account and my normal bank savings account?
The RBF Investment Account is a superannuation accumulation plan which is subject to Commonwealth rules regarding the acceptance of contributions, the preservation of contributions and the payment of benefits. The Investment Account is not a bank account and you cannot withdraw funds until you have satisfied certain criteria. As with all superannuation accounts, all contributions and investment returns received after 1 July 1999 are preserved until you reach the preservation age applicable to you and retire from the workforce. The RBF Investment Account is designed to enable you to accumulate your retirement savings in the concessionally taxed superannuation environment. Bank accounts are not concessionally taxed and interest earned on a bank account must be declared each year as income. The RBF Investment Account gives you a choice of investment options. The RBF Member Investment Choice brochure will provide you with further information. RBF has a specialised investment team that ensu
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