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I agree with the Super tax change, the concession was to encourage people to save for their after work life, not as a wealth building/tax dodging medium, and those who have all their assets in Super are doing just that imo. It is rumoured people like Gina have $100m in Super the proceeds of...

What has any of that waffle to do with limiting the super concession rules above $3m.

The Banking Industry actively promote the use of this highly flawed technology, so imo they should be libel if it is compromised in any way, when will the Law catch up and make it so??

Some people just like being taken for a ride, or they're caffeine addicts.

The singe Age Pension rose $52.30 and couples each $39.40 fortnightly in the last 12mths.

Yeh right.

I have no problem paying more for a particular reason or event, but like insurance premiums, after the reason for the rise ends, the price never returns, so following that event any other cause it goes up even further.

Why they make it so complicated is beyond me, and why a defined benefit plan of over $118kpa is tax free but someone on the aged pension has a tax obligation over $36kpa is also beyond me. There is a box to tick on the tax form if U believe this is your final tax return.

"Make a profit", they regulate supply to keep costs higher and the AER fall for their lies constantly imo.

They keep promising otherwise but it never happens, first it was the National Grid, then the Interconnectors, then Privatisation, then the NMER, then Renewables, now Nuclear, blame whoever U like, but the truth is Energy will never be cheaper than it is today.

Inflation is driving this, and as the RBA's supposed only tool to curb it is to remove people's ability to spend, it resonates down the chain to business closures, unemployment and debt, period.

Of course it is fairer, if I had $3m in Super I would not want handouts from other taxpayers, only the greedy would expect such concessions imo.

Not true, those who began b4 2004 can defer it till they're 55 but still pay it, Albo is 62 if ur wondering.

NO, wrong.

That is a long way off, I retired 16yrs ago and the average was then $160k, today it's $320k so U do the math, it's a long time and to assume the rules will be the same by then is laughable.

No, only those from before 2004 can defer it till they are 55 Albo is 62 if ur wondering and they still have to pay it is only deferred, I doubt there are any.

Wondering is not factual, and what is the bet?

No one is punishing anyone, the tax concessions on Super were to encourage those with little to save for their retirement, not as an investment lurk for those with over $3m to play with, the tax is fair and it's not retrospective, so the time to make changes is now if you're one of the lucky ones.

Few countries if any at all have not only free health but any cover at all. U get what U pay for.

Few countries have it better, and if it weren't for the Dills we would have no cover at all and be like the usa,