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DrStrangelove

15,032 Posts.

05/08/20

08:27

Post #: 46307380
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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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Much like the QIC and QSuper in QLD... more than enough to cover current account debt.

But my bet is the Future Fund is locked tight against a govt raid ....can't have fed public servants at risk of losing their investment houses for lack of surety.
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