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Started at my place of work in 1994... last year that it was offered

Good way to think about it maybe ! My supers's worth roughly a bit more than that in the defined benefit scheme I am in. My wage hasn't actually moved upawards very much for a while... I might have to think of what to do about this... Unfortunately for me $200k+ is not a piddly amount compared...

Wylie, I wasnt referring to you. The heading of the topic asks who thinks they will get the super, other posters have said there will be none there when you retire.... that's what I was asking about

Again, I am unsure how this is the fault of the superannuation system existing in its current or any other form ?

Can't anyone work this out themselves , especially investors ? I'm just confused as to who are people trying to educate by telling US that super is not miraculous ?

This type of quetsion / concern, I can understand

Yes I was agreeing with you when I wrote that.. .Waht I was questioning was what Bayview & OA were saying about all the money going missing when you go to claim it casue the governemtn invested it badly (perghaps it was bayviewe who said this)... I dont see how that works when as I said, super...

So like anything else, peopel kned to udnerstand how to count & deduct taxes / expenses befoire they derive a a "profit figure" How is this unique to superannuation ?? If you're stupid and think investing in 1xIP worth $300k will give youall the income you need to retire on (where you...

I don't understand this either I thought super was employee & employer contributions, not government ???? Said contirbutions are manged by a superannuatoin fund mangement business - again no government ? I'm not being a balbreaker, I actually dont understand what you are not telling us..

Sorry but depsite the posts I have no idea what you / OA meant and I am just as consfused about that baview suggests will happen to $ in a super found which wil lmean they wont be there when people are ready to retire The only thing I honestly understood is "inflation will mean a $ wont buy...

Anyone else ?

For the obviously not as bright sparks, any chance of explaining what you mean & why ?

Well from Bayview's rewasoning, I can only assume the fudn you invetsed it in lost it through bad investment etc my worry is the use of the money, and the ability to recoup it when you are eligle when it matures. Me, and many others, have the sneaky suspicion that there will be an empty...

OK.. got it now

Sounds like you're suggesting it's the investments rtuns more that are of concern than the actual $ being taken off us by the government ? I can see that SMS could deliver more appropriate results, especially when one has goals and plans.

Fair enough & thanks for the laugh (I guess it's sort a "funny cause it's true) But you mentioned you might look at self managed super for yourself. Not as worried about that ? What's the difference there ?

Are you certain that you have to contribute $ you don't want to into super lizzie ?

lizzie, how does that compare with other investments (honestly, I have no idea), is it worse than say a portfolio of assets, like cashflow positive shares/property NOT held in super ?

Isn't the absolute minimum $0 ? As a self employed person, does the governemtn MAKE you invets in super ? I have put in the mimum only in my siper too, and it'w worht about 5 x times what I think I've put in now... so I bloody hope I get it.. but I do salary sacrifice more into shares than I...

So you are not worried the govt will steal fom your SMSF like you mentioned earlier ? You sounded like earlier saying super was a dud idea