Squid,In my opinion anyone under 55 shouldn’t pay anything into...

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    Squid,
    In my opinion anyone under 55 shouldn’t pay anything into super that they can avoid.

    Both political parties refer to your savings in super as a “national resource”. You cant draw it down but they regularly change the rules to rob it. By the time you retire the government will have stolen most of it.

    In addition you would be paying for your pension twice. If you get to pension age with more than a minimal amount in super the government takes your pension away. Anyone with less than about $1m in super has just saved it away for no gain in old age.

    The self funded retiree is also seen by the government as a shady, unAustralian spiv, an enemy of the working class. Better you buy jet skis, holiday in Bali and have a hoot while you are young. The government will then look after you in old age. Have you tried Krug?

    If you have more than you can drink away while young I suggest buying progressively more expensive first homes.

    bacci
 
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