'Australian disease' has entered its terminal phase

[jpblue1000]

Originally Posted by BHDOGS

Im confused by super doesnt the business you work for pay it? and there raising it slowly to 12% if thats the case i think it should be taxed they could tax it at 2 or 3 percent and youd still be infront compared to the super you get today? or am i wrong?. This money business isnt my strong suite.

Yes it is paid by your employer. and is about to raise to 12%. In effect that means our employers wil pay us 9% less in our everyday pay packets. we cost them salary plus super Plus etc etc. the increase to 12% will cost them more which will need to be passed onto the purchasers of the goods and services we produce in our jobs. But we get the long term benefit of forced savings but we have no real say on how the money is used.

It is our pension, the baby boomers and earlier generations didnt have their pensions taxed? why should we and we have been promised a tax free super. Cant change the rules on us. we are depending on it.