Letters of the Week

Addressing the super cap, understanding fees and the positives of our super system.

I think it is a great idea that Alan has and will be learning more, but one thing that needs to be addressed is the $25,000 per annum limit on super contributions and if it is exceeded you are taxed at the highest rate. What hope does one have to save for our retirement when you are taxed beyond belief if you exceed the threshold? Also the government wants to do away with “transition to retirement” as a tax lurk . This Green-based Labor government is all about re-distribution of wealth, and it does not matter how hard one works to be financially independent in retirement, the government is going to nobble us. A lot is to be said for the jam tin in the backyard.

I would appreciate your thoughts and what can be done if anything.

G Phillips

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