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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! |
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