Dr Sam Wylie

And Australia is kind of unique in that respect.

So you can make a set of choices in Australia that you can't make elsewhere.

So take super, for instance.

So we have compulsory superannuation.

So that's the government telling us what to do, 10%.

of our salaries have to go into superannuation at a maximum of 27.5K.

But 10% of your salary goes into super and you don't have any choice about that.

But then once it does go into super, you have a lot of choice.

I mean, you can move from super fund to super fund.

That's true in most countries.

But in Australia, you can have your own self-managed super fund.

I know you know that, Kate.

I know it's something you know a lot about.

But in Australia, you can have your own super fund.

Not where you can just say, oh, I want a lot in Aussie shares and I don't want so much in bonds and I want a lot in commercial real estate and I don't want so much in

In global shares, for instance, not just that kind of choice, but you can actually run the super fund completely yourself.

You can be the trustee of the super fund.

That's a lot of choice.

And so we have a lot of freedom in Australia.

Unfortunately, freedom can be a curse rather than a blessing unless you know what you're doing.