Aussie Super has indeed been the topic of many discussions/rants over the years. The recent changes seem to have changed the flavour and have many financial planners suggesting it is now become a decent option. The key element that changed in the last 6 months is that - so I understand - it is now tax exempt as you draw from it.
In the past the government double dipped.
The current status seems to be that the level of contribution [ per annum ] has been increased, depending on the fund you have can have a better choice of where the funds will reside [ property trusts, international shares, etc ]. There is still a 15% tax on contribution but if offset with no further taxes then it becomes a reasonable option. Quite a few people are switching out of personal investment portfolio's such a negative gearing on property and investing large sums back into Super.
Having said all of this, I tend to think diversification is probably a good way to approach investment and we are looking at commercial property in Canada [ my spouse is Canadian ] as well some other options in Oz.
As for Perth - WOW - you have hit the jackpot there. The latest news is that Perth has the most expensive real estate in Australia - passing Sydney. I am not sure this is so good for the poor chaps trying to get into the market but for those with investments it must be a real winner for you.
Aussie Super has indeed been the topic of many discussions/rants over the years. The recent changes seem to have changed the flavour and have many financial planners suggesting it is now become a decent option. The key element that changed in the last 6 months is that - so I understand - it is now tax exempt as you draw from it.
In the past the government double dipped.
The current status seems to be that the level of contribution [ per annum ] has been increased, depending on the fund you have can have a better choice of where the funds will reside [ property trusts, international shares, etc ]. There is still a 15% tax on contribution but if offset with no further taxes then it becomes a reasonable option. Quite a few people are switching out of personal investment portfolio's such a negative gearing on property and investing large sums back into Super.
Having said all of this, I tend to think diversification is probably a good way to approach investment and we are looking at commercial property in Canada [ my spouse is Canadian ] as well some other options in Oz.
As for Perth - WOW - you have hit the jackpot there. The latest news is that Perth has the most expensive real estate in Australia - passing Sydney. I am not sure this is so good for the poor chaps trying to get into the market but for those with investments it must be a real winner for you.