The private insurers are reportedly seeking a 5-6% premium rise next year. That’s rich – especially when you consider 65% of policies don’t cover everything
I looked into this at an old job. I could contribute $500 a month to super and only take home $250 less a month. I’ll definitely do this if I can pick up some side work again as that’s 6 grand a year in one of the safest investment vehicles you can use
Alternatively, you can make voluntary Superannuation contributions to lower your taxable income.
The problem is that with the Cost of Living crisis, we all need that increase in our wages and salaries to be able to survive!
I looked into this at an old job. I could contribute $500 a month to super and only take home $250 less a month. I’ll definitely do this if I can pick up some side work again as that’s 6 grand a year in one of the safest investment vehicles you can use