u/LifeGainz7

The pain of living in Australia and it basically being a 24 hour journey (including transit, layovers, transport to and from airport etc) to anywhere in Europe or North/South America. I would love to see these places if they were a couple of hours away but the cost, hassle and discomfort of travelling that far turns me right off, even in my 30s. No idea how people even older put themselves through it.

Asia holidays for life it is…

If I invest inside Super:

- My income only gets taxed at 15% on the way in
- My capital gains in accumulation phase only get taxed at 10% assuming they’re held for 12 months (which majority of the investments have to be as I can’t access it until aged 60)
- New capital gains stop being taxed at all in pension phase

If I invest outside of Super with new rules:

- My income is taxed at an effective tax rate of around 20-25%.
- My capitals gains are taxed at at least 30% plus a 2% Medicare levy (is there a Medicare levy for your Super?), but possibly a lot more.

So there’s a 5-10% difference in what my income gets taxed and a 20% (at least) difference in what my capital gains get taxed between investing in the two vehicles? If so, this seems incredibly lop sided even for something the government are trying to encourage.

Have I missed anything?

Anyone done the maths on how much you’d have as net income on for example 100k over 30 years investing inside super compared to outside of it?