australia's super debt drain, page-3

  1. 12,083 Posts.
    lightbulb Created with Sketch. 242
    An easier solution is don't tinker with the system.

    It needs at least 20 years of stability and even then changes should not apply to existing accounts.

    Some people approaching retirement have relied on the existing system to legitimately live on debt secured against their home with the intention of paying it off from tax free super drawings at age 60. The system allows this and people have relied on the existing rules.

    bacci
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.