Unfortunately I contributed 3,868.00 over the $25K cap for FY2010-2011. Thanks Julia Gillard for cutting me down to 25 grand instead of 50 grand.
You already burn me with tax, then you halve what I can contribute to super, now you're going to burn me for another 31.5% of my over-contribution. Add the 15% I've already paid and I'm getting slugged 46.5%.
What a rort. This government is corrupt. The worst this country has ever had to suffer under.
And I already know that the rules will change again before my expected retirement, my assets will be seized and I will be doled out a meagre pension instead.
Meanwhile the bludgers who have never pulled their weight will continue to recieve Centrelink payments, and the age pension etc. whilst the people trying to work hard and save for their own retirement will continue to get screwed over.
Thanks for nothing Gillard and the ALP.
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