3 ms·

Could you please translate all this? What is super and why would a car dealer be through the roof?

• deleted 6y ago
  [deleted]
• TapWaterBandit 6y ago
  Super = 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 ago
    Thanks!