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This why we all should have had a vote on the system like NZ did...

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29/03/20

21:50

Post #: 43764111
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Originally posted by Hittman: ↑

This is why I said what I did ages ago on why I was no longer putting additional funds into my Superannuation Account. It became obvious to me that there is not enough liquidity in the Super system to fund our retirements into the future. Especially if we take out lump sum payments to pay off homes or do renovations, buy new cars etc.

Lump Sum withdrawals are going to be stopped or extremely limited to amounts. Preservation age will likely rise.
Boomers will be safe, last of the Baby Boomers may be saved from future changes, GenX and younger are going to cop it.
Super will become a Super Pension or Annuity based income stream only. On our deaths, Super will be transferred to our children's funds, they won't get it paid to them directly..

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This why we all should have had a vote on the system like NZ did and they voted for a universal pension.
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