Hockey flags changes to super before the next election
- Thread starter Ed Barton
- Start date
When you have political capital*, spend it.
~ George W Bush
(*And an opposition in disarray)
I'm not sure who coined the phrase, but in the recent special on the ABC Keating said he 'burned political capital' to get what he wanted.
I suspect that super changes were left out of budget to reduce political damage. But since the budget has created such a ***** storm they've figured that they may as well risk be hung for stealing a chook as being hung for stealing the entire flock.
That's why I'm surprised they put just 1c on petrol - result: lots of grief, not much money.
Depending upon the changes, we will have to consider the impacts on our overall strategies and whether to continue investing in super (for diversification) and externally from super into property to create that cashflow for the period age 55 - 65/70ish when we get our hands on the super.
No the budget was focused on expenditure with taxation measures still currently under review by two committees IIRC.
The pre-election promise was that taxation proposals will be taken to an election.
Remembering that bracket creep is forecast to add billions to income over the next four years.
No surprise, I have been saying this was going to happen every time someone brings up the super topic on here.
Did people really think the government was going to give you access to a big wad of cash any sooner than they absolutely had to? Next step from here will be they will limit how much you can take out every year when you do reach their retirement age.
No thanks! I will stick to my rental properties!
Did people really think the government was going to give you access to a big wad of cash any sooner than they absolutely had to? Next step from here will be they will limit how much you can take out every year when you do reach their retirement age.
No thanks! I will stick to my rental properties!
I'm going to say "I told you so" as well. I've believed for some years that superannuation will changed to align access to super with the age pension, as well as measures to 'encourage' people not to spend it all at once.
The ultimate aim of super is for governments not to have to support people in old age. They will change the rules as they see fit to make that happen.
The ultimate aim of super is for governments not to have to support people in old age. They will change the rules as they see fit to make that happen.
It's not a suprise, agreed.
I'll invest within Super and outside of Super to maintain income pre and post benefits age.
I'll invest within Super and outside of Super to maintain income pre and post benefits age.
Smart move get all the bad news out,at the end of this Government term will it matter that much,they still have to deal with Clive-Palmer and even casino operators understand what governments don't ,casinos never let one lady-0r man make a massive bet like ClivePalmer has..
The Voting public.....
It amazes me that only last September, the Labour party suffered one of their biggest ever (if not their biggest ever?) defeats in history.....
Now, a few months later when the hard decisions are being made and the wider public will have to suffer some pain; it's all about "me" and my pocket, and they want Labour back???
I have no probs with hip pocket pain and belt tightening for Mr. Joe Thong (me), but lets make absolutely sure the Pollies suffer the same pain and keep the playing field level....no wiz-bang pay rises when everyone else gets zippo, and so forth.
It amazes me that only last September, the Labour party suffered one of their biggest ever (if not their biggest ever?) defeats in history.....
Now, a few months later when the hard decisions are being made and the wider public will have to suffer some pain; it's all about "me" and my pocket, and they want Labour back???
I have no probs with hip pocket pain and belt tightening for Mr. Joe Thong (me), but lets make absolutely sure the Pollies suffer the same pain and keep the playing field level....no wiz-bang pay rises when everyone else gets zippo, and so forth.
It amazes me that only last September, the Labour party suffered one of their biggest ever (if not their biggest ever?) defeats in history.....
Now, a few months later when the hard decisions are being made and the wider public will have to suffer some pain; it's all about "me" and my pocket, and they want Labour back???
I have no probs with hip pocket pain and belt tightening for Mr. Joe Thong (me), but lets make absolutely sure the Pollies suffer the same pain and keep the playing field level....no wiz-bang pay rises when everyone else gets zippo, and so forth.
Pollies have had their pay frozen and their extra generous super and gold cards are gone (at least for new pollies, not the present longer term ones).
It amazes me that only last September, the Labour party suffered one of their biggest ever (if not their biggest ever?) defeats in history.....
Now, a few months later when the hard decisions are being made and the wider public will have to suffer some pain; it's all about "me" and my pocket, and they want Labour back???
"A Coalition government will keep the current income tax thresholds and the current pension and benefit fortnightly rates while scrapping the carbon tax. The carbon tax will go but no one?s personal tax will go up and no one?s fortnightly pension or benefit will go down." Tony Abbot, Budget Reply 2013... taken from the Liberal Party website ironically... fortnightly benefits (Through Family Tax Benefit) will go down for some folks, the Seniors Supplement (paid to pensioners) is going to be scrapped, and if you're on more than 180k you are paying more in income tax. Folks are cynical and looking at their own pocket because their expectations were raised by Tony Abbott in the statements he made leading up to the last election.
Current pension rate isn't changing until July 1 when it is increased.
A single pensioner will lose $876.20/year and a couple $1320.80 per year through the axing of the seniors supplement. This is one reason why pensioners might be less inclined to indicate their support for the Coalition.
I was surprised they did not change super and expected changes to the tax free status.
I have no issue restricting access to super lump sums where the money is blown like a lottery win.....
I have no issue restricting access to super lump sums where the money is blown like a lottery win.....
It amazes me that only last September, the Labour party suffered one of their biggest ever (if not their biggest ever?) defeats in history.....
Now, a few months later when the hard decisions are being made and the wider public will have to suffer some pain; it's all about "me" and my pocket, and they want Labour back???
I have no probs with hip pocket pain and belt tightening for Mr. Joe Thong (me), but lets make absolutely sure the Pollies suffer the same pain and keep the playing field level....no wiz-bang pay rises when everyone else gets zippo, and so forth.
I don't feel politicians are tightening up enough. http://mobile.news.com.au/national/...travagance-claim/story-e6frfku9-1226924181487
Which is what some people do given they can get someone else to pay for their retirement.
Two stories I have heard:
People giving all their super away to rellies.
People blowing it on OS holidays for 12 months and coming back with nothing.
To most people it will be a lottery win.
How many lottery winners do we read about being bankrupted after a few years???
Some people can not handle large sums of money.
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