pretty good here in Australia, we have superannuation which is basically like a forced savings account so when you retire you get a nice little present
Except everyone’s looking for ways to spend it science covid.
There are ads on YouTube now for Self Managed Super Funds that allow you to gamble invest in stocks, ETF’s & I dread to think what. Prediction markets?
For once the UK system looks ok in the world; our ’forced savings’ of ‘national insurance’ paid as a tax style deduction on wages can’t be touched till state retirement age, so you’ll get it when you retire and it’s paid monthly not a block.
It used to be set at 65, now it’s on a rising rate for people retiring in the next years. I’m in a group that will need to be 67. It’ll be really basic, and a private pension is expected in addition if you want to have a nice retirement rather than just managing.
Better then, for us to get an employer contribution, at least a visible one as they pay tax on employment as well, you go to a private scheme in addition to the state one, but then that’s where some people may not have that, and be reliant on state only.
Well it’s either you gamble it or you pay them to do it for you. If you just go s&p500 and vanguard world anyway might as well do it yourself and save some fees.
I heard you can pick and choose where your supers go, so you’d be able to actively ‘vote with your wallet’ by pulling it out of companies you didnt like, is that actually a thing or am I misremembering a jordies vid segment from years back?
I’m with Rest since they were recommended to me working at my first job and they seem pretty competitive and then yeah it’s basically just the same as picking ETF’s, where you go based on your risk levels you want to take, if you’re young pick the riskiest, if you’re older and about to retire pick the safest
I am 100% in Sustainable Growth ofc
Maximise returns over the long term by investing in a diversified portfolio with enhanced environmental, social and governance investment characteristics that is weighted towards growth assets.
Hell yeah go help that state down south smash more renewable records and maybe the rest of your parliament will go ‘hangabout ,we’ve got just as much sun as them, why are some of them being paid to use power during offpeak hours?’
pretty good here in Australia, we have superannuation which is basically like a forced savings account so when you retire you get a nice little present
Except everyone’s looking for ways to spend it science covid.
There are ads on YouTube now for Self Managed Super Funds that allow you to
gambleinvest in stocks, ETF’s & I dread to think what. Prediction markets?Edit: super is still a pretty good idea.
For once the UK system looks ok in the world; our ’forced savings’ of ‘national insurance’ paid as a tax style deduction on wages can’t be touched till state retirement age, so you’ll get it when you retire and it’s paid monthly not a block. It used to be set at 65, now it’s on a rising rate for people retiring in the next years. I’m in a group that will need to be 67. It’ll be really basic, and a private pension is expected in addition if you want to have a nice retirement rather than just managing.
Think of super as the same, but you employer matches your forced contributions and, up to a limit, voluntary ones.
Better then, for us to get an employer contribution, at least a visible one as they pay tax on employment as well, you go to a private scheme in addition to the state one, but then that’s where some people may not have that, and be reliant on state only.
Well it’s either you gamble it or you pay them to do it for you. If you just go s&p500 and vanguard world anyway might as well do it yourself and save some fees.
Industry super funds usually have super low fees and a fairly conservative investment strategy. Theres AUD$4.5trillion invested between them all
I heard you can pick and choose where your supers go, so you’d be able to actively ‘vote with your wallet’ by pulling it out of companies you didnt like, is that actually a thing or am I misremembering a jordies vid segment from years back?
sure is :)
I’m with Rest since they were recommended to me working at my first job and they seem pretty competitive and then yeah it’s basically just the same as picking ETF’s, where you go based on your risk levels you want to take, if you’re young pick the riskiest, if you’re older and about to retire pick the safest
I am 100% in Sustainable Growth ofc
https://rest.com.au/investments/options/compare#super
You can also self manage your own super but I think only around 5% of people do that
Hell yeah go help that state down south smash more renewable records and maybe the rest of your parliament will go ‘hangabout ,we’ve got just as much sun as them, why are some of them being paid to use power during offpeak hours?’