Govts New Stance on Super, page-29

  1. 432 Posts.
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    Trees,
    your comparison is rubbish. You forget the contribution tax of 20/30% which kicked in at a lower thresh-hold when
    many of us were working. So the Govt had a nice slug right off the top long long before we ever got any access to our super. Then there was the 15% tax on earnings in the fund during accumulation phase. Then, until Howard/Costello abolished it, there was the 15% tax on all earnings when in retirement.
    So your comparison is totally wrong.
    Australia is the country with the most complex system, the only country to continually meddle with the rules, and the only country to tax retirement funds at all three phases.
    You cannot make the system sustainable by taking more from those who saved and giving it to those who didn't or cant .
 
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