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Old 29-01-2016, 11:19 AM
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doppler (Rick)
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Join Date: Nov 2012
Location: Mackay
Posts: 1,691
I have another 8 years to work and I'm sure that the Govt. will change the rules a few more times before that.
When I first started working, the company I worked for had an employee super plan and as a bonus if you put your own money into it as well they would match that amount. With that plan I would have been able to retire at 50 with a tidy sum. The ATO jumped in an said that I was exceeding "reasonable benefits limits" (which was x times your annual income) and had to stop putting the extra money in. Basically what this meant was that because I was on a lower income I was not allowed to retire rich, (using super). Now it is totally opposite, they want everyone to have as much super as possible?
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