[GNC] Superannuation Co-Vid payment

[David Cousens]

David,

It's not that the Oz government is giving people money, but allowing you to
withdraw  your money from their Superannuation accounts (normally you can't
because superannuation funds accrue tax benefits as retirement savings) to
meet immediate needs while unemplyed or unable to work during Covid-19
lockdowns. They would rather you spend your money they don't have their
hands on than decrease the availability to them of your money that they do
control (taxes) to try and keep the economy going. 

Not necessarily a good strategy in the long term, but then neither is
starving in the short term. But if you figure you can make more in the
current climate than your super fund can, then it is maybe worth the risk to 
withdraw and invest then pay it back into the super account in the future.

Chris you may want to look at the GnuCash guide on investments:
https://www.gnucash.org/docs/v3/C/gnucash-guide/chapter_invest.html

and this comment from Derek on treating a commodity like gold prseuming you
want to track the value of the gold you purchase:
http://gnucash.1415818.n4.nabble.com/GNC-How-to-enter-Gold-tt4711834.html#a4711841.

David Cousens

David Cousens



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David Cousens
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