Promises in the 2013 election campaign mean it’s time to review your superannuation strategies. So today I want take you on a decision-making journey.
A good friend of mine vowed many years ago not to invest large amounts of his savings in superannuation because he said that the regulations were too uncertain. It was better to save in his own name and that of his wife – aided by a little property-based negative gearing. A great many Australians still have that view. For my part, I took exactly the reverse attitude and back in the 1970s concluded that superannuation was the only way I could fund a comfortable retirement given the personal tax rates. I wasn’t prepared to undertake extensive negative gearing of property, although I did dabble in that area at one time.