People Doing Good Things

HBS Guy

Head Honcho
Staff member
Is it bad? Do people still die 5 years after retirement? The Libs do not think so, obviously.

The Lib negative changes will destroy peoples’ retirements. The reverse mortgages that will be needed will kill any inheritance for the next generation.
 

DonDeeHippy

Active member
Is it bad? Do people still die 5 years after retirement? The Libs do not think so, obviously.

The Lib negative changes will destroy peoples’ retirements. The reverse mortgages that will be needed will kill any inheritance for the next generation.
The fact is Labor started mean testing Pensioners AND raised the pension age...
It will be because of them people will have to work till they are 90 and not the Libs as John falsely stated...........
 

HBS Guy

Head Honcho
Staff member
We have a compulsory superannuation levy, started at 9% and supposed to be about 12% now, the increases being part of any wage rises. Libs don’t like this, never increase the levy. People without enough super get a pension paid by the federal government.

Now it looks like they want to scrap the system—union run the funds, give better returns than you get with super from banks etc.
 

DonDeeHippy

Active member
We have a compulsory superannuation levy, started at 9% and supposed to be about 12% now, the increases being part of any wage rises. Libs don’t like this, never increase the levy. People without enough super get a pension paid by the federal government.

Now it looks like they want to scrap the system—union run the funds, give better returns than you get with super from banks etc.
I've been with 2 union run super funds and both had the lowest return and most hidden fee's of 4 i've had over the years... Like everything else with Australian unions corrupt to the core.....
 

Squire

Active member
The only people getting rich from superannuation are the politicians who are bribed to support compulsory superannuation, the fund managers, superannuation salesmen, and general superannuation fund employees.

Compulsory superannuation is another rip-off and a tax on the workers.
 
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