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my sister is self funded but she recently had a letter from the...

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bruceyg

34,300 Posts.

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05/08/20

08:16

Post #: 46307024
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Originally posted by moondoong ↑

The end game for superannuation is total confiscation of the funds and commutation to a pension that cuts out when you and your spouse dies.

There will be no lump sum withdrawal, no control over the balance and it will not pass to your heirs or successors upon death.

Already your superannuation doesn't form part of your estate it is distributed according to either your binding nomination or it's left up to the trustees of the fund.

Government has been attacking SMSF for ages and eventually will reign these in too.

Cradle to grave control of our money.

This is why the government doesn't care less about how much it spends now. They know that at some time in the future that big honey pot of superannuation money will be tapped and cover all the debts.

If you can't see what's coming don't say you weren't warned.

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my sister is self funded but she recently had a letter from the ato telling her that her monthly cheque from her own super fund will be cut in half from now on. she did ask why nubut has had so satisfactory answer.

its our money - we should be able to access it without penalty and condition

Last edited by bruceyg: 05/08/20
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