AusFinance

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submitted 1 year ago by [email protected] to c/ausfinance

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This flowchart had been shared before, mostly on reddit and likely on lemmy too.

I believe it is good to keep passing this knowledge forward.

As for discussion, are there any changes needed for this flowchart? since it was created a while ago

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[–] [email protected] 1 points 1 year ago* (last edited 1 year ago)

If it is inaccessibility, it is other people’s money.

Putting it in super is good for people who can’t really save money themselves, bad for people who are able to do investment even casually.

An edge case is, extra super is also good for people who has really high income and that extra super is insignificant amount for tax benefit