#1
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Got to love Australian superannuation funds
ok so after sorting through all my myriad of bills and paper today i came across the following REST superannuation account letter.... tell me what you think and potentially recommend someone better as clearly i need to change..
IT READS: PLUS Employer contributions $542.78 PLUS interest $8.00 PLUS member protection rebate $1.43 LESS Administration fees -$9.43 LESS Federal government CONTRIBUTIONS TAX -$80.20 Now, i would like to point to several points of 'interest': 1- the interest and member protection rebate strangely add to exact same price as the administartion fees - shocked. 2- How can the Government get away with a FEDERAL CONTRIBUTIONS TAX - are they unaware this is an oxymoron? 3- by May 2012, my super account will have grown to a staggering ZERO. (nickname coming in handy again) [the use of the word grown would be permitted by the Government in this case] any body else bothered by this? So everyone check that weird super letter u get once a year - they are F*%&^ing us! |
#2
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Re: Got to love Australian superannuation funds
tl;dr
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#3
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Re: Got to love Australian superannuation funds
Just throw another shrimp on the barbie and take it easy, mate!
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#4
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Re: Got to love Australian superannuation funds
Please explain to an American what this is. I am a financial planner here in the US and this sounds like a real piece of garbage plan.
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#5
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Re: Got to love Australian superannuation funds
superannuation is a fund that is supposed to save money (non-voluntarily ) for your retirement, however clearly here my fees and "contributions tax" are killing me faster than my money is growing..
any advice would be appreciated lol |
#6
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Re: Got to love Australian superannuation funds
[ QUOTE ]
superannuation is a fund that is supposed to save money (non-voluntarily ) for your retirement, however clearly here my fees and "contributions tax" are killing me faster than my money is growing.. any advice would be appreciated lol [/ QUOTE ] Still sounds better than Socialist Security. |
#7
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Re: Got to love Australian superannuation funds
No one in the US cares about rugby or footy either.
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#8
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Re: Got to love Australian superannuation funds
Talk to a financial advisor.
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#9
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Re: Got to love Australian superannuation funds
Sounds a lot like social security
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