Enn I was going to compliment you on your post until you changed your mind half way through and decided it isn't My Super anymore it is the govt's super to be held in trust forever and only frittered away, oops not even frittered away, make that annuitied-away at a few percent of it per year I suppose limited by gov't. What a brake on the economy that would be, even the self proclaimed "I'm a fiscal conservative" KRudd would be appalled at that plan to slow the economy, much better to spend $900 each at the pokies lol. So much for my plan to tour the country in an aussie Ford Territory and splurge on Australian made consumable goods and services and Qantas and Jetstar tickets. But that is not a good idea so you and Glug reckon. Much better and less emotional plan is to sit at home and pay big CO2-Tax' enhanced Electricity Bills and rot.
Enn I do find this issue emotive, not for the 'forcing people to work until they drop' [or until 70yo] sham reasoning some posters here espouse but because it is unbelievable to me that sane people like you think that gov'ts should be telling people to scrimp and save and squirrel money aside into Super [with set access on retirement rules only really changed once slightly in our favour] since August 1st 1988 approx. then now you want the goalposts ripped out and moved back another 100 metres just when I see the light at the end of the tunnel!
There's nothing to stop people separately saving outside of Super and to access that amount if they want to stop working prior to the preservation age.
It is weird Enn you agree with me that any extra funds I have saved over time are okay to spend as I see fit but not those Super amounts I have already been taxed twice times on as Peter Costello explained it when he eliminated 15%withdrawal tax on Super withdrawals [a third taxing] after retirement at 60yo. So it is okay by you for me to sell any assets like my house and share portfolio and spend the cash at will but not my Super cash when I get it in my bank account in my name. As I said that idea is plain WEIRD and a totally regressive disincentive to save and put money aside in Super in the first place.
