Australia’s growth and prosperity after World War II meant that, in 1959, the ATO collected £823.37 million in revenue - more than double the amount collected in 1949.
Watch your super grow asks students to make decisions about how to spend available income at various stages of life. Choices include expenditure on cars, technology, travel, entertainment and superannuation. Choices made over a 40-year period have an impact on the quality of life in retirement. The aim is to increase students' understanding of critical factors that influence the accumulation of super and of the impact of decisions made early in life on long-term lifestyle.
Note: Watch your super grow should not be used as the basis for making financial decisions; it is intended as a prompt for discussion about the importance of financial planning and super as a long term investment.Watch your super grow - PDF version