Ann: Highly significant gas discoveries at Erregulla Deep-1, page-498

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Cherry7

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10/09/24

13:48

Post #: 75609566
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Originally posted by papasmurf61: ↑

Depends on who they worked for. Public Service had generous superannuation and so did most big corporates.

I was employed by one of the big 4 banks and started my own super contributions in 1983 (once I turned 22 - the rules at the time) whilst the bank contributed 9% from that point as well. When the SGL came in, they didn’t need to contribute anymore. Salary sacrificed my contributions when I was able to but forget when that was.

I’m one of the lucky ones but once paid off house started to invest in shares directly and here we are today.

I do feel for the younger generations and unless they can count on the bank of mum and dad they have an uphill struggle. It is a complex issue to deal with, there is no simple solution but negative gearing needs to be seriously looked at - ok to own one of two investment properties but after that you should get no tax benefit for any over 2 (and includes related entities).

Rant over.

Strike value will be achieved just patience.

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Young first home buyers are not tough enough .. duplex for sale (440k) sat here for months... IT CAN BE DONE... kids want it all now ..

my first home did not have curtains or carpet for 3 years ... now i have waterfront

STX Price at posting: 17.5¢ Sentiment: None Disclosure: Held
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Ann: Highly significant gas discoveries at Erregulla Deep-1, page-498

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