Gemma Dale
speaker
925 appearances
2 recordings
2 series
first heard Jun 2026
last heard 18 Jun
Gemma Dale’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 2 in all, peaking in Jun 2026 with 2.
Appearances
They've had lots of variations of this with different acronyms.
So this is the latest one.
Sure.
This is a $500 or up to $500 contribution that's made to your fund if you earn less than $37,000 a year or up to $37,000 a year.
And it's going to increase to $800-ish if you're earning $45,000 or less, and that's in 2027.
So that's designed for those people.
So one thing people should be aware of is when your super goes into your super account, when that contribution is made by your employer, it's tax deductible to your employer, which means you pay $0.15 in the dollar when it goes in, not you personally, the fund pays it.
So there's contributions tax payable.
That 15 cents in the dollar can be higher than your marginal tax rate if you're a low income earner.
And so the idea of things like this list, though, is to offset tax being paid into the fund that you wouldn't have paid if it was paid to you.
So that's a really good question.
We're talking averages and then we'll talk
everything else.
So on average, people stay in the default option.
So most people don't make an active choice.
And the superannuation system has been pretty carefully designed now to ensure that if you go into the default option, and this is with my super, for example, the default option is relatively inexpensive.
And it also gives you an appropriate level of risk and therefore return theoretically for your age.
What used to happen often was that you could be dumped into the conservative option, even though you were 25 years old, because that was the default.
So now the default option is usually a balanced or a growth option.
And some funds will do it per age and so on.
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