this post was submitted on 10 May 2026
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me_irl
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Except everyone's looking for ways to spend it science covid.
There are ads on YouTube now for Self Managed Super Funds that allow you to ~~gamble~~ invest in stocks, ETF's & I dread to think what. Prediction markets?
Edit: super is still a pretty good idea.
Well it's either you gamble it or you pay them to do it for you. If you just go s&p500 and vanguard world anyway might as well do it yourself and save some fees.
Industry super funds usually have super low fees and a fairly conservative investment strategy. Theres AUD$4.5trillion invested between them all
For once the UK system looks ok in the world; our ’forced savings’ of ‘national insurance’ paid as a tax style deduction on wages can’t be touched till state retirement age, so you’ll get it when you retire and it’s paid monthly not a block. It used to be set at 65, now it’s on a rising rate for people retiring in the next years. I’m in a group that will need to be 67. It’ll be really basic, and a private pension is expected in addition if you want to have a nice retirement rather than just managing.
Think of super as the same, but you employer matches your forced contributions and, up to a limit, voluntary ones.
Better then, for us to get an employer contribution, at least a visible one as they pay tax on employment as well, you go to a private scheme in addition to the state one, but then that’s where some people may not have that, and be reliant on state only.