Women spend on average 33.75 hours per week on housework, shopping and looking after children. If a nominal value of $30 per hour was placed on this unpaid work around the home, a housekeeper employed to do the same amount of work would cost around $1,020 for a seven day week or $53,040 per annum.
Compared to personal income tax rates which can be as high as 46.5% (including the Medicare Levy), your super contributions made for you by your employer are taxed at just 15%.
Hardly a day seems to go by without superannuation being featured in the popular media.
When you took out life insurance, you were assessed on a number of factors that can impact your health. No doubt one of the questions you were asked was whether you smoke.
William Shakespeare wrote, “Neither a borrower nor a lender be”, but the fact is debt can be a very useful tool – when used properly.
Anyone can get sick or injured but when it comes to protecting their lifestyle with insurance, it seems females have some catching up to do.
There is an expression that is common amongst many “thrill seeking” younger people… “I am here for a good time, not a long time.”
We are hosting our “Swim, Don’t Sink with SMSFs” seminar, the second in our Practice Improvement series.
Over the last 40 years we have seen dramatic changes in attitudes – political, social and financial.
Once you’ve got it, you often don’t give your insurance another thought until you need to make a claim.
