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.

[lakeland27]

where is the incentive to work hard and earn a good living??? 

This government wants us all to be poor or be punished... 

Super should be taxed the same for everyone.. the rich already pay way more tax the the rest of us... 

Lets sit back and see what the government deems as "wealthy" 

its not something that would affect you or me. i doubt it would have any impact on any 1 poster here.  more 'what if ?'' propoganda

[i-need-a-martini]

Are you talking about the 30% tax on $300,000 super earnings? ?:|

[catsnknots]

well as I am going to uni next term and plan to finish my new degree in three to four years I will be on an income that might well bring me into that category... it does impact me... 

[lakeland27]

oh , one of john howards aspirationals. banking on a future yet to materialise 🙂

[lakeland27]

 i dont approve of billionares paying their way in case i become one :^O

[catsnknots]

LL not all of us are bitter and miserable with no hope or plan for a better future... 

[cherry*135]

You need a link or a C&P in this thread OP so everyone knows exactly what you are talking about.

[not_an_eloi]

This government wants us all to be poor or be punished... 

:^O

struth, some folk are flamin' dum

no truth in it, o'course 

[newstart2380]

$180,000 a year ? or in total ? who said this was going to happen ?

if your SF is above 180000 u may b taxed 30%, this is the discussion on one show last week, I am not sure which labor pollie made the suggestion all I know is I heard it and i have been waiting for more to be said.  

LL how would u know who has what in their SF, mayb you don.t but some do and those people have worked their buts off to get it. Why r u so bitter and biased toward people who r successful ? Sad u think that way

[i-need-a-martini]

if your SF is above 180000 u may b taxed 30%, this is the discussion on one show last week, I am not sure which labor pollie made the suggestion all I know is I heard it and i have been waiting for more to be said.  

I've done a pretty extensive internet search and can't find anything. Not even a hint. 

What was the show?