SELF FUNDED RETIREE'S SUPERFUNDS ?

[newstart2380]

Your thoughts - do you realise that if you have worked all your life to build up a superfund (as the labor gov introduced many years ago to reduce the amount of people claiming a pension) the present government is suggesting your superfund may be taxed 30% not 15% as it is now.

So I have taken all my superfund money out and I will invest it in another way so this government cannot get its hands on it. Just imagine if all people with private superfunds did this, apparently it is another money grab by this desperate government because they have created such a huge deficit.

Even Mr Crean suggested JG is getting worse with her "class war" attitude, also members of parliament would not be subject to the 30% tax on their superfunds.

LL you say the deficit is not a bad thing, I would appreciate your explanation and reasons why you think owing money and not paying it back is not bad, the interest factor alone that we Australians are paying for this deficit is mind boggling.

Please don't bombard me with links etc, just some sensible discussion on a very important matter would be appreciated.

[windrake]

So if you work hard all your working life, contribute to your retirement to make sure you are not a drain on the country, pay your taxes & end up after 30years of saving to have 1 to 2 million in your super.

As you have made yourself "fabulously wealthy" the Labor party will punish you, take money off you to give to the ones who didn't bother to make an effort to save.

Sounds right doesn't it? sounds just like what a socialist left government would do.

[lakeland27]

So if you work hard all your working life, contribute to your retirement to make sure you are not a drain on the country, pay your taxes & end up after 30years of saving to have 1 to 2 million in your super.

As you have made yourself "fabulously wealthy" the Labor party will punish you, take money off you to give to the ones who didn't bother to make an effort to save.

Sounds right doesn't it? sounds just like what a socialist left government would do.

well no, it doesn't sound right.. possibly because it isn't.. 1 to 2 million would see you paying the lower rate for starters.