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Bring back the baby bonus and just pay it into super to kick-start it It's a shame the super system in Australia is being undermined by early access. Spoke to
by wp381640 6y ago
Bring back the baby bonus and just pay it into super to kick-start it
It's a shame the super system in Australia is being undermined by early access. Spoke to a car dealership recently and their business has been through the roof because of it.
- bfieidhbrjr 6y agoCould you please translate all this? What is super and why would a car dealer be through the roof?
- deleted 6y ago[deleted]
- TapWaterBandit 6y agoSuper = Superannuation. Basically a portion of your pay (9.5% currently) MUST be paid into a superfund to hold the money until you can access it upon retirement. Car dealers are through the roof because the government allowed early access to a portion of it if "in distress" due to Covid-19 and lockdowns. However, many people who weren't in distress took the money (their own retirement money, remember) and bought a new car.
- bfieidhbrjr 6y agoThanks!