The expenses of World War I were so great that the Commonwealth Government introduced three new taxes in 1917: an entertainment tax, a wartime profits tax and a bachelor tax that raised such a bitter protest that it was never put into operation.
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.
You can access Watch your super grow – accessible text transcript.
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.
|Activity D5.2 Watch Your Super Grow|