Future Fund - Overview
The Future Fund is a financial asset fund - consisting of cash and investments. Its purpose is to enhance the ability of the Australian Government to discharge unfunded superannuation liabilities expected after 2020, when an ageing population is likely to place significant pressures on Government's finances.
Withdrawals from the Future Fund to pay superannuation benefits may only occur once the balance of the Future Fund is greater than or equal to the Target Asset Level or from 1 July 2020, whichever is earlier. However, expenses associated with the investment and administration of the Future Fund may be drawn from the Future Fund throughout its existence.