Australian Super

Bunch of Greedy Bastards

They treat your money like its theirs

FUCK OFF Australian Super

Hmmmn. That’s who I’m with.

When the gfc struck I saw my super accounts go south. I thought with my health issues and not needing or wanting or able to work again I thought I would have a good chance of getting it early. I gave it a half hearted crack but the hurdles are high and you have to demonstrate real financial need so I gave up. Seems to me like an id points system and you have to get enough into each box, providing the information is not enough, you have to fill the criteria.

Didn’t you do this thread already?

There is a reason you can’t access your super early easily.

buffy said:

There is a reason you can’t access your super early easily.

+1

otherwise everybody would be doing it

Well especially if the Government pension age is going to 70 years. You will need your super for the gap period from when you retire because your body is stuffed and when you can get a pension. Remember that we have had compulsory employer super contributions now for about 20 years. So employees do have some super. People in my age group did not have this, you had to arrange your super yourself, out of your own money.

Well, that still applies to me and all other self employed people, really.

stumpy_seahorse said:

buffy said:

There is a reason you can’t access your super early easily.

+1

otherwise everybody would be doing it

And having a good time

The only people guaranteed to get money from super are those who work for them

CrazyNeutrino said:

Australian Super

Bunch of Greedy Bastards

They treat your money like its theirs

FUCK OFF Australian Super

I don’t understand….did I miss something?
This link just takes me to the Australian Super home page…

What is the nature of your angst, fellow traveller.

I think he is trying to get some/all of his super out early, citing difficult circumstances. It’s very difficult to get it out before your preservation age.

buffy said:

I think he is trying to get some/all of his super out early, citing difficult circumstances. It’s very difficult to get it out before your preservation age.

6 months on unemployment benefits will do it.

Oh, I see.
Apparently the well remunerated senators have different “rules” for themselves though.

I’ve read recently about speculation the Australian government is considering “accessing” some of “our” super, because of lack of revenue and future budget issues involving running the country.
In other words, they want to “borrow” our money to use for “what ever they decide is appropriate”

The total pool of superannuantions for Australia thus far is sitting at around $1.8 Trillion

Knowing how governments operate, this is a tasty morsel indeed they would love to stick their snouts into.

~~~

• Total estimated assets, which include the assets of self-managed superannuation funds and the balance of life office statutory funds, rose to $1.84 trillion at 31 March 2014. The increase is in line with expectations, given modest positive investment returns in the quarter and continuing net contribution flows.

https://www.superannuation.asn.au/resources/superannuation-statistics

One option to stop the government taking your money might be sending it into super schemes over seas , the regulations there might stop the Government simply taking your money.

If the government decides it wants to do this it can expect a total defeat for decades

Good luck to them in their permanent retirement – they’ll be poison for any future employer

Maybe can finally buy 500 million dollars of people smuggling boats and more joint strike fighters

It’s as I’ve said before , the management is terrible