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  • » Will the Aus. gov. attempt to 'expropriate' funds from private Super?

#51 2016-05-16 19:58:31

sammysilver
Silver Stacker
From: Sydney
Registered: 2011-04-07
Posts: 5,482
Trades :   189 
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Re: Will the Aus. gov. attempt to 'expropriate' funds from private Super?

SilverPete wrote:
Golightly wrote:

May as well use the money to fund the corrupterments latest larceny

I'd rather it funded my own debauchery.

Have you been eating scones in the back pews of the church again?


The price we pay for the good life is public servitude.

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#52 2016-08-26 05:21:42

ask&learn
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Registered: 2016-08-26
Posts: 1
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Re: Will the Aus. gov. attempt to 'expropriate' funds from private Super?

Hmmm, interesting discussion over the years. And now we have reached the point where the federal govt wants to restrict super balances to just $500k. Once all those "extra" billions are released from the safety of super, does that mean this money will be available to be "accessed" by the govt from savings/investments in an event of a national financial emergency?

Just asking...

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#53 2016-08-26 05:31:17

JulieW
Silver Stacker
From: Australia
Registered: 2010-10-14
Posts: 11,102

Re: Will the Aus. gov. attempt to 'expropriate' funds from private Super?

I think this is an inevitability now. Can't have some citizens being privately wealthy when the have-nots are stuck on the pension.

Bye the way, have a look at Deutschebank's warnings on pensions if it should go under.

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#54 2016-08-26 05:47:56

SpacePete
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Registered: 2014-03-01
Posts: 13,437
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Re: Will the Aus. gov. attempt to 'expropriate' funds from private Super?

Pretty much inevitable at this point.


Catus amat piscem, sed non vult tingere plantas

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#55 2016-11-05 18:08:32

betterinvestmentthanshare
Member
From: South Australia
Registered: 2014-04-26
Posts: 192
Trades :   

Re: Will the Aus. gov. attempt to 'expropriate' funds from private Super?

Anyone know of the government health industry super?
A very healthy paying one at that.
Many hospital employees are now retiring with millions in their super ....................taxpayer funded.
Wonder why it was a life time career? Because of super entitlements.

The scheme is no longer available for the new entering the industry, it is now a 2 tier system but those that were lucky enough to be employed prior to the change will still enjoy their remaining working life with more than double the 9%.

I wonder if the attempt to expropriate funds also include government employee super funds?


"WARNING!' Beware of making bets with forum member "Roswell Crash Survivor" he does not honour publicly stated & agreed to bets when it loses!

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