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Get ready for a battle royale over superannuation, page-4

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Anonandon

3,527 Posts.

54

11/02/20

15:59

Post #: 42867138
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Originally posted by skypiliot: ↑

The winding down super to boost the economy is at best very short sighted for the following reasons

1. Eventually a cohort arrives at retirement age and goes on the pension some of these would have been part pensions
https://www.superguide.com.au/smsfs/age-pension-is-super-benefit-counted-towards-centrelink-assets-test
Therefore a future cost is incurred
2. Typically as individuals reach superannuation they withdraw part of their super balances in lump sum to spend it as well as taking a regular payment. Winding down super takes this stimulus out of the economy . (This raises the fascinating question of how much the present economy is being held up by superannuants ) IT is not untypical to upgrade car whitegoods etc at this time

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"Therefore a future cost is incurred"

Based on past experience I don't think this will worry the boomers.
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