Australia's largest stock trading and investment forum Australia's #1 stock forum

Nothing has changed in those 10 years moon.We are still...

First 65 Last

Share
Profile

Follow
Piste Skier

8,503 Posts.

4

12/02/24

18:29

Post #: 72366311
Share

Originally posted by moondoong: ↑

I posted about this more than 10 years ago and got laughed at.

The government will compulsorily acquire your entire super balance at retirement and commute it to a lifetime annuity.
But they will own the principal and it will not be part of your estate when you die.

It will then have gone full circle, from an aged pension paid for initially by a levy that was later incorporated into general taxation, to compulsory superannuation replacing said pension and when the pot of money gets big enough, this scheme will come in....

Come one come all.

Suckers.

Expand

Nothing has changed in those 10 years moon.

We are still laughing.

"The government will compulsorily acquire your entire super balance at retirement and commute it to a lifetime annuity.
But they will own the principal and it will not be part of your estate when you die."

Such nonsense.
6 Upvote

Reply

There are more pages in this discussion • 10 more messages in this thread...

First 65 Last