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OK. Sorry if I jumped the gun. :) And Weg... I'm not sure of it because my brother did most of the organising for my dad whilst I was spending all my time with Mum. He would know more, and I'm happy to ask him and report back when I get a chance.

I don't think I actually said this is the fault of the superannuation system??? The bond does go back to the estate, after they take money out for five years. When my father passes away we will get back about $470K (cannot remember exactly). That could be in five or ten years' time and it...

Agree. But don't forget that when we get to the nursing home (IF we get to the nursing home) we will be the ones paying half a million (today's dollars) to get in and $750 a week for the same care that the other 95% of the population get for next to nothing. So much for planning ahead, doing...

This is also an issue for me/us. But luckily we have planned our run down into retirement (52 and 51 now) to NOT have to cash in at any particular time. I would be more worried if hubby and I had to keep working for longer than we wished to due to the timing being bad. I believe there are lots...

I hope I was clear that our super is "gravy", ie. on top of the main course. I wouldn't like to be relying on super alone to fund our retirement but it's not bad for something that we don't really see, don't really miss as it accumulates and can take out tax free at age 60 (my understanding...

I have no issue with anybody belittling the figure. I think it is not a bad figure considering it has been quietly accumulating. I KNOW that if it was not compulsory, we would not have saved it, so I look on it as $700K "gravy". Just thought I'd throw the figure out there for anybody who thinks...

OK... I'm confused. Hubby worked 29 years, only the last few at higher than "average" salary and his super is worth $500K. That's a fair few bikkies he can buy. Mine, after stopping work 19 years ago, and after having actually paid into super for 20 years (paid into it whilst getting NO...

I had heard about the traps with salary sacrificing only last year when hubby sacrificed a substantial portion for a short time. I also learned that the $50K cap (he is over 50) includes superannuation paid by the employee. He is sacrificing his whole salary right now due to making a capital...

This is a very real problem. My parents worked hard and smart and now my father is in a nursing home that cost him $500,000 entry and about $750 per week. The pensioner in the next room probably didn't pay a bond and is paying only a percentage of his/her pension for exactly the same care. It...