Just found out some people can salary sacrifice into super, up to $1.1 million per year.
Dawned on me Baby Boomers would have been pumping and now dumping from these products. Mortgage would be paid off (so RBA control is just background noise).
In summary, if everyone has a billion $ in their super, it deflates the value of money. Those who dont are in a world of hurt. RBA have no effect on this.
I still can't figure out what's getting pumped, and what's getting dumped 😔
It saddens me that people like this can vote.
you make a lot of good points.
but I'm too shagged on meth to coherently reply at the moment.
Sounds Meth'd up.
Just found out some people can salary sacrifice into super, up to $1.1 million per year.
Its not per year. It's once providing conditions are met.
tunzafun001
Username checks out.
I can probably give you a ball of yarn and you'll make a day of it.
Government loves people like you, easy to swing a vote from.
Just like the $9k stage three tax cuts are for politicians and billionaires (one is a job with too much annual salary the other is net worth not income). If they really want to show they are looking after the people they should have passed legislation to surcharge politicians and billionaires. Unfortunately they will only get like $9m which is not the point, they want all our money. Yes even the few bucks from those who are only making $50k.
Just found out some people can salary sacrifice into super, up to $1.1 million per year.
perhaps read more than whatever click bait headline you think you obtained that info from…
ok, not sure your point, it's more structured so they can stash more money given certain conditions are met.
But i do have a problem that todays economy is being driven by those who have loads of disposable income, i.e. those that paid off their mortgages in their 40's when houses were a fraction of what they were today. And yet they're allowed to continually minimise their tax by stashing more money into super.
This is also why i feel the RBA's rate rises aren't having the same effect that they used to as it only hits a fraction of home owners, whilst boomers and the like continue to spend money like it's going out of fashion.
Yep, that is exactly my point. In fairness, I explained it pretty poorly.
reads like a TikTok filmed by a guy talking into his phone in a KFC carpark
thanx 4 tips on "pump and dump" super, absolutely a thing