Quote:
Originally Posted by renormalised
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.
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I never knew that the gains on super are taxed at 100%.
Even if it were, putting this free gift into super can turn $1 into $2.50 before you even start generating future growth.
The real truth is that money made in super is taxed at lower rates than any other method of wealth generation that the man in the street can access.