The great Super scam

[Neferti]

Possibly a light at the end of the tunnel.
Got over 10K worth of quotes now.
Think they'll have a hard time coming up with excuses to reject my claim now.
But I have a back up just in case.

That's great, Yogi. Keep at them. Remember about the wheel and the oil?

How's TD?

[mantra]

This new scheme where the government will retrieve all super funds under $2,000 if they haven't been accessed for a year is about as bad as the fees deducted from these small accounts by the funds. Either the government takes your money or the fund managers do.

This thieving applies to Generation Y mainly. They travel and move around in various jobs for a good few years before they understand the significance of super. There will be a trillion plus dollars added to the government coffers. As it is single people pay so much more tax than their peers with families, yet many will lose up to a decade of super if they haven't kept the appropriate checks.

Superannuation is supposed to benefit the worker, but mostly it's about benefitting the fund managers and now the government.

[Outlaw Yogi]

Possibly a light at the end of the tunnel.
Got over 10K worth of quotes now.
Think they'll have a hard time coming up with excuses to reject my claim now.
But I have a back up just in case.

That's great, Yogi. Keep at them. Remember about the wheel and the oil?

Thanks Neferti. I know they (both the AustSafe Super & Dept of Human Services) will look for excuses to knock me back, but I've covered all tangents/angles, so know matter what cop out they come up with I'll stomp on it.

How's TD?

Who's TD?

If you mean Fred, my dog, he going great.

[Outlaw Yogi]

This new scheme where the government will retrieve all super funds under $2,000 if they haven't been accessed for a year is about as bad as the fees deducted from these small accounts by the funds. Either the government takes your money or the fund managers do.

This thieving applies to Generation Y mainly. They travel and move around in various jobs for a good few years before they understand the significance of super. There will be a trillion plus dollars added to the government coffers. As it is single people pay so much more tax than their peers with families, yet many will lose up to a decade of super if they haven't kept the appropriate checks.

Superannuation is supposed to benefit the worker, but mostly it's about benefitting the fund managers and now the government.

Compulsory Super has been a scam from scratch.
First they take your money whether you agree with it or not, gamble it, and when they lose it, their is no accountability.
They can just say "Sorry we lost it, now phuk off. Thanks for calling. Now give us more of your money".

When Keating made superannuation compulsory a Superannuation Trust of Australia (STA) rep came to one of my father's factories to give their spool. She said "If your employer puts in X amount of $ per week, it'll be worth $80K when you turn 55, and if you contribute X amount extra it'll be worth $125 when you turn 55"

I replied "I don't believe these companies will be around when I'm 55. If banks and building societies can go under, and they do .. ie Tricontinental, then finance and insurance companies can go under too." Took a while but HIH proved me correct.
And STA no longer exists, it was absorbed by Australian Super prior to 2002. Then the govt changed the rules many times, so that you cannot claim til 65 and cannot take lump sums.

Now the govt intends to raise the retirement pension age, which means they will do the same with claiming superannuation.

I now have 2 jobs lined up. One at a winery/vineard and another picking squash and eggplant, but require a motor vehicle to get there. So I have to lie and cheat just to access my own money I never agreed with an industry I have no faith in taking it in the first place.

Howard raised the no excuses threshold for taking your super from $500 to $1000, so that means when I gain paid employment again, I have to watch the amounts going into the fund to make sure it doesn't reach $1000 or I can't have it.

Compulsory Superannuation needs to be abolished. Transport company bosses don't like compulsory super, so they make all drivers obtain their own ABN. Fishing trawler owners don't like it, so make all deckies obtain their own ABN. The drivers and deckies don't like it because they have to do paperwork for no good reason. Farmers/small crops growers don't like compulsory super so put pickers on peice work (termed 'Contract') or if paying wages, are always looking for ways to screw/cheat their pickers.

Ultimately Compulsory Superannuation is an impediment to business and employment and thus damages the economy.

[Outlaw Yogi]

Got the money .. had to run a bit of a scam to get it, but I got it.

[Outlaw Yogi]

Good one Joe, and good onya Tony for backing him.

Your idea to let first home buyers dip into their super is the best suggestion I've seen for a long time, and is a vote winner.

Don't listen to whoever (forget now) it is in your party opposing the idea, on the grounds it'll increase house prices. Better that an Australian pay too much for a dwelling/structure, than a foreigner pay too little.
And as for the same character in your party stating that if young people were allowed to draw on their super (for something of value now) they should have to pay it back, who the blip does he think he is trying to dictate what people can and cannot do with their own money?
It's like he thinks our super is his money.

My guess that particular Lib MP has his fingers in the super honey pot.

So Tony and Joe, go for it. Because if citizens can't have their super to buy a home, why should they let govt officials (including MPs) have their massive super?

All they have to do is gain the numbers in our ever fragmenting political landscape and blow the Future Fund so there is no super for govt officials. Simple hey?