Activity D5.2 Watch Your Super Grow

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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
Type: Theory
Questions: 1
Attempts allowed: Unlimited
Available: Always
Pass rate: 75%
Passed:
  • Fact 1

    In 1705, Emperor Peter I of Russia instituted a beard tax. Those who paid the tax were required to carry a 'beard token'. This was a copper or silver token inscribed with 'the tax has been taken' and 'the beard is a superfluous burden'.

Company

A business structure that gives shareholders (owners) protection from having to pay for the debts of the company (called 'limited liability'). A company has a legal identity of its own because it has been incorporated.

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