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  1. #11
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    We put extra money into our mortgage only, it's a far better investment as the sooner we pay off our mortgage the less interest we pay and that interest saved on that is far more valuable than any interest earned on the super we put in.

  2. The Following User Says Thank You to A-Squared For This Useful Post:

    SimplyMum  (08-12-2014)

  3. #12
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    Quote Originally Posted by Lil M View Post
    No. I've been a SAHM for the last 5 years and the tiny bit I did have has been lost to fees😞 I've only lived In Australia for 8 years and only spent about 2 years working/contributing.
    No neither do I been a SAHM with my kids for the last 25 years ...worked a little and lost what I did have in fees I have nothing it's so unfair. ...If my husband and I were to split I have nothing to show at all for my years dedicated to my children.....

    Sent from my GT-I9505 using The Bub Hub mobile app

  4. #13
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    Yes, I have super. I only make the compulsory super contributions at this stage.

  5. #14
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    I have compulsory super but dh has minimal. He's a farmer and we just don't have the spare cash to make contributions.

  6. #15
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    Yes, the compulsory amount plus a very small weekly amount. I hope to increase this in the near future, after I get a little more on top of my financial situation.

    I'm definately not a super whiz, but I do take a little more notice of it than a few people I know.

    It's a good start. I hope to broaden on this.

  7. #16
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    No super here. Dh has some

  8. #17
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    Yes I have super from when I was working and my husband does too. We have not made any voluntary contributions. Rather, We have elected to focus on paying off our mortgage quickly and have a few investment properties.

    Once our investment properties are paid off, we could live off of the rental income.

  9. #18
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    Yes, but we've chosen not to make any voluntary contributions for the moment. We're paying extra on our mortgage instead, because we've calculated that despite the tax-breaks associated with super, paying our mortgage faster is likely to give us a better outcome in the long-run.

    I'm also sceptical about whether the same rules will apply when it's eventually time to draw down our super. I can easily imagine some future government seeing it as an easy cash cow, and taxing it heavily on the way back out.

    We saw a financial planner some years ago and I was not impressed. We said that we are risk averse and seeking stability and conservatism. and he tried to convince us to take out a large loan (400k) to invest in a range of managed products that frankly didn't look very attractive when you read the detail. Of course, they had very attractive trailing commissions for him... In hindsight it's a good thing that we said no, because the GFC would have hammered those products.

    The experience has forever soured my opinion of financial planners. We're happy to do our own analysis. (It helps that we're both Excel junkies!)

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    KitiK  (08-12-2014)

  11. #19
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    Quote Originally Posted by purpleflowers View Post
    No neither do I been a SAHM with my kids for the last 25 years ...worked a little and lost what I did have in fees I have nothing it's so unfair. ...If my husband and I were to split I have nothing to show at all for my years dedicated to my children.....

    Sent from my GT-I9505 using The Bub Hub mobile app
    If that was to happen, you are actually entitled to some of his super.

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    Lauzy  (09-12-2014)

  13. #20
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    Quote Originally Posted by purpleflowers View Post
    No neither do I been a SAHM with my kids for the last 25 years ...worked a little and lost what I did have in fees I have nothing it's so unfair. ...If my husband and I were to split I have nothing to show at all for my years dedicated to my children.....

    Sent from my GT-I9505 using The Bub Hub mobile app
    If you and your dh were to split....you are entitled to half his super

  14. The Following User Says Thank You to ozeymumof5 For This Useful Post:

    KitiK  (08-12-2014)


 

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