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.  |
Might sound like a great idea, but what would be the point....the govn' is only going to take it back off you when you collect your super by slugging you with a hefty tax on your super. You end up gaining nothing.
Anyway....I'll be spending mine (if I ever see it) on gear. Still haven't made up my mind yet on what, but I have a few things I'm thinking of grabbing.