Quote:
Originally Posted by Starkler
Those on low incomes who aren't desperate for the $ (whos that?) , could give their battered super a kick-a-long by taking the $950 gift and putting it into super, and leverage another $1425 (1.5x contribution) from the gov via the super co-contribution scheme 
You could take the $950 now, or get $2375 invested into your super
A dollar contributed to super now would be worth a lot more in future than a depreciated dollar investment from a year ago.  |
Very good advice!!!
Although it will defeat the objective of the giveaway which is to get the money spent but it is still sound advice.