Date: 24/07/2017 22:52:28
From: roughbarked
ID: 1093778
Subject: when people put money into super..
roughbarked said:
I’ve left this open for what should be obvious.
i see
super is “so” 1970s
idgi
roughbarked said:
roughbarked said:I’ve left this open for what should be obvious.
Can you give us a hint?
mollwollfumble said:
super is “so” 1970s
In what way?
The Rev Dodgson said:
mollwollfumble said:
super is “so” 1970s
In what way?
That was the year Superman was released.
roughbarked said:
They retire independant of the welfare state?
The government will still take a big chunk of it in tax
The_observer said:
roughbarked said:They retire independant of the welfare state?
If they have enough money in super, yes.
For many people (most?) they will receive a reduced pension, or will start off living off their super and receive a part pension later.
Sorry roughbarked, I thought I was responding to you.
Still waiting for the hint.
It’s the Super, of the future.
Cymek said:
The government will still take a big chunk of it in tax
You pay much less income tax on super than you do on direct income.
OTOH, if you take reduced government pension into account, the effective tax rate on people who receive a partial pension is very high. Much higher than for people with very high super income.
The Rev Dodgson said:
The_observer said:
roughbarked said:They retire independant of the welfare state?
If they have enough money in super, yes.
For many people (most?) they will receive a reduced pension, or will start off living off their super and receive a part pension later.
Doesn’t have to be in super, could be in cash, shares or property.
Peak Warming Man said:
The Rev Dodgson said:
The_observer said:They retire independant of the welfare state?
If they have enough money in super, yes.
For many people (most?) they will receive a reduced pension, or will start off living off their super and receive a part pension later.
Doesn’t have to be in super, could be in cash, shares or property.
Sure, in fact all assets become part of the “super” fund, in effect.
But I’m still not sure what the intended subject of discussion of this thread is.
The Rev Dodgson said:
But I’m still not sure what the intended subject of discussion of this thread is.
he’s just waiting for the nest egg to grow
The Rev Dodgson said:
But I’m still not sure what the intended subject of discussion of this thread is.
Yeah it’s a bit obtuse, I think the answer is Thursday but we can occupy this thread with other stuff though.
Not many people know that this was originally the song that Jiminy Cricket sang in Pinocchio.
califragilisticexpialidocious
Arts said:
:)
califragilisticexpialidocious
The Rev Dodgson said:
But I’m still not sure what the intended subject of discussion of this thread is.
That for many and I do mean many, these so called superannuation contributions were out of their power from go and by the time the govenment started to do anything about it all that money had been so called used up by administrations.