Financial Standard Comments - Coalition super plan to harm retirees, low income earners

Comment by Derek Thomas (Stedermar Pty Ltd)

Derek Thomas (Stedermar Pty Ltd) — Fri, 17 May 2013 14:18:49 +1000

Wake up Australia and welcome to the new world of austerity. You have a choice of keeping your jobs and lifestyle or you can go down the English path of double dip recessions. All in the name of a budget surplus.

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Comment by Rodney Tate (Tate Financial Planning)

Rodney Tate (Tate Financial Planning) — Fri, 17 May 2013 14:44:03 +1000

it will only harm your retirement if you don't take some personal responsibility for your retirement plans.

Such a Labor way of limiting contribution levels and taking away co contribution incentives while mandating super increases that are arranged on behalf of the workers by the boss. Its all got to be paid for by bosses and tax payers

9% - 12% should be the minimum. individuals should find another 5% in their own households to fund a decent retirement Take responsibility people !!!!! Dont expect others to do what you should be doing yourself

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Comment by Anton Boreckyi CFP (Melbourne East Insurance and Financial Planning Services Pty Ltd)

Fri, 17 May 2013 15:40:03 +1000

I have a great idea. Why not educate those employees who could suffer a shortfall at retirement to invest a percentage of their wage into superannuation and add value to their employer sponsored superannuation fund? Self employed people have been doing it for a long time.

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