One for the maths gurus, or should it be gurii

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Originally Posted by jx2mad

Being nearly 72 i cannot top up my super so I am trying to get the best return for what I have without taking financial risk.

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Definitely want a safe investment at your age....term deposits etc probably the best.

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Originally Posted by jx2mad

Being nearly 72 i cannot top up my super so I am trying to get the best return for what I have without taking financial risk.

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Are you sure you can't top it up?

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Originally Posted by DiscoMick

My super fund made 9% last year so why would I put money in a bank for 2.6%over 12 months, particularly if the interest is only calculated once, at the end, which denies compounding interest. Maybe if the interest was calculated daily...

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Bank interest taxed at upto 50% or so. Super income taxed at 15% or less. No Brainer Mick[biggrin]

I can't top up my super as it is no longer in the accumulation mode. It is now in the pension mode.