Why is it after 75 if a person is still in full time employment you cannot contribute to super. I know the workplace will still pay super. Please explain. This information was told to me recently. Thx

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G'day Paul & Helena, & best wishes for a much better 2021 compared to last year. I thank you Paul for your candor, wisdom & common sense suggestions. I empathize & support Helena in her discussions over that beaut dinner & fine bottle of red; I'm in the same boat as she is incidentally, due to a permanent, but manageable back injury . . . . but on the flip side as to who is the bread-winner.

The difference is, my wife doesn't accept the validity of me receiving from her a set, but modestly generous amount . . . e.g. 10% of her weekly income . . . . she averages over $1,000 - $1,200 gross per week & when it comes to respectively topping up our own cars tanks, it's $30 in hers, $20 in mine. Anything else I have to literally beg for, & give " good reason " why?

In complete contrast: My late father, during a 38 yr Primary School Teacher & Principal career, fortnightly gave my mother, in relative economic terms, $300 cash without fail, & correspondingly increased it when he moved up through salary brackets. Dad took full & serious responsibility for paying Utilities, insurances, car purchases, savings goals, superannuation, etc. But he always made sure my late mother had sufficient cash for the weekly shop, clothing the family, school fees for four kids, birthdays & other extraneous occasions.

It's such a blight on our nation's community that " all families " don't do that. Australia would be significantly better off if each family did so.

Cheers, all the best & looking forward to hearing how Helena responds;

Craig.

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How is it that married couples don't have a joint account, rather than a mine and your money mentality?

Marriage or even a committed relationship is a partnership in life and all aspects of that life.

Do they do their own washing, cooking etc?

Maybe this is the modern way, but completely foreign to my thinking.

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We have a couple of friends that have separate finances. I can see positives and negatives in both. How can you both be committed to paying off a mortgage sooner if only one pays for it? How can you have common goals. Would you have bought all those things you don't need, that often get discarded or never used, if it was with shared money?

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It's been a hard subject to bring up. Just before we got married, more than 10 years ago, we have setup a joint account to be used for common expenses. Each of us to place some money when it is low, eg. only having $200 left, but this is not done very regularly and hard to maintain. Also, for each other peace, we are having our own bank accounts and not trying to check what each other has been spending on. However, any big spending should be discussed on, something more than $1000. Saying this, I've earned more than him, more financial savvy, and have been the person responsible for paying all the bills etc. So, instead of asking more money from him, I just assign him some utilities bills or car insurance bills to pay, ie. making him has enough money for personal spending but not too much. And, if I'm not employed, it will still be hard for me to bring up and discuss the whole financial thing with him as he does not has any clue on bills, and might be hard for me to start asking for pocket money. Helena's question gives an opening eyes on how important it is to know each other financial understanding and expectation before making commitment to live together, at least having some discussion at high level , also on common good and worse circumstances.

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