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gapup

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02/03/24

05:26

Post #: 72707315
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Originally posted by oldbull26: ↑

"nothing great about superannuation. He shut a shit load of people out of the housing market forever"

BS...... So you would rather pay half in tax plus GST over paying15%. And that super then earns you an average of 7% a year. That $3-4,000 a year extra you would get in your pay packet would possibly be wasted. Just as many wasted the super money that Scomo allowed to be withdrawn. much of that was piddled up against a wall or fed into gambling.

That higher priced house you may have bought would not help you unless you sold it and lived under a bridge in a tent. Your future is all tied up in a single asset.

BUT.....What has super delivered Australia??. The 4th largest wealth fund in the world that invest in Australian businesses. Much of our share market is owned by our super funds. There is around $3.7 trillion in assets

By far the single best monetary decision ever made.

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