Unfortunately it can't. Here's why, and why keeping these contributions in a retirement fund may still work out better than having them in a discretionary investment.
With over 20 years until retirement, the key is to focus on high-growth, tax-efficient investments that can compound over time and align with your long-term goals.
You can borrow funds to buy a property, renovate a property, pay off a housing loan, or to guarantee a housing loan. You cannot use the funds for any other purpose.
Of three options on what to do with your RA funds, a life annuity would give you the highest probability of income certainty – but not at the required level.
