this post was submitted on 25 Mar 2024
66 points (95.8% liked)

Australia

3613 readers
82 users here now

A place to discuss Australia and important Australian issues.

Before you post:

If you're posting anything related to:

If you're posting Australian News (not opinion or discussion pieces) post it to Australian News

Rules

This community is run under the rules of aussie.zone. In addition to those rules:

Banner Photo

Congratulations to @[email protected] who had the most upvoted submission to our banner photo competition

Recommended and Related Communities

Be sure to check out and subscribe to our related communities on aussie.zone:

Plus other communities for sport and major cities.

https://aussie.zone/communities

Moderation

Since Kbin doesn't show Lemmy Moderators, I'll list them here. Also note that Kbin does not distinguish moderator comments.

Additionally, we have our instance admins: @[email protected] and @[email protected]

founded 1 year ago
MODERATORS
 

Research by the Association of Superannuation Funds of Australia casts doubt on the Coalition’s plan

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 8 points 7 months ago (2 children)

I don't understand the point being made, here. Yes, when I was young, my super fund was small. I think I had less than $100k in my super when I was 30. Which makes complete sense - Super is designed to grow over 40ish years of employment, not be accessed after 5-10 years.

[–] [email protected] 2 points 7 months ago* (last edited 7 months ago)

lol I have been working since I was 16 and have less than 40k in super ( I'm ~30 now)

I don't think I'll even make it to retirement anyway

[–] [email protected] 9 points 7 months ago

The point is that the Coalition's plan is idiotic just like it was idiotic when they allowed people to drain their super during the pandemic.