Super was meant to provide fully or partly self reliance from old age pensions. Keating had hoped that along with his govt guarantee folk would take up the challenge but it seems now that even his own Labor party are sticking their fingers into your honey pot , when they run out of fore see-able coin they up the age thresholds.When my 48 yr old son asked me
Is super a good deal dad?....what do I say...???..It used to be !!!...too much tinkering and thieving ..hide your money...buy a bigger house...get a family trust....buy shares..buy houses??
I closed our family trust , now I am considering closing super and back into a trust again...
Even though I dont condone it I understand why folk have overseas tax havens....not so much for the tax angle but to get their moolah away from those crooked sticky polly fingers.
