No Super in New Zealand as such. (20)
sophiasummer: Super is not a compulsory way in New Zealand. That's so bad,
Australia had already sorted this.
Australia had already sorted this.
What is super?
pedalguy59: What is super?
When someone has a job a portion is banked to an account.
That will help them when they get to an age.
To draw on.
i think there are many reasons why you would not want your future saving tried up in a super fund.
Most super funds today are returning very low returns, e.g. million dollars returns at best $20,000 per annum
Generally speaking you are locked away from your super funds, most are infested in large corporations while here in Australia quite a few are privately managed constrained by complicated contracts and or
Thinking about self-managed super
An SMSF must be run for the sole purpose of providing retirement benefits for the members or their dependants. Don't set up an SMSF to try to get early access to your super, or to buy a holiday home or artworks to decorate your house. These things are illegal.
There are five basic types of funds:
Bottom line you would probably have more control over your monies invested in endowment assurance contracts. (a form of life insurance that provides for the payment of a specified sum directly to the policyholder at a designated date or to his beneficiary should he die before this date)
If your got strong backbone, investment of physically held gold bars...would out run the lairs playing money games with other peoples futures, but there are risks in the latter, like in how long holding your hand in red hold fire would it take you to tell where the gold is hidden...
Most super funds today are returning very low returns, e.g. million dollars returns at best $20,000 per annum
Generally speaking you are locked away from your super funds, most are infested in large corporations while here in Australia quite a few are privately managed constrained by complicated contracts and or
Thinking about self-managed super
An SMSF must be run for the sole purpose of providing retirement benefits for the members or their dependants. Don't set up an SMSF to try to get early access to your super, or to buy a holiday home or artworks to decorate your house. These things are illegal.
There are five basic types of funds:
Bottom line you would probably have more control over your monies invested in endowment assurance contracts. (a form of life insurance that provides for the payment of a specified sum directly to the policyholder at a designated date or to his beneficiary should he die before this date)
If your got strong backbone, investment of physically held gold bars...would out run the lairs playing money games with other peoples futures, but there are risks in the latter, like in how long holding your hand in red hold fire would it take you to tell where the gold is hidden...
robplum: i think there are many reasons why you would not want your future saving tried up in a super fund.
Most super funds today are returning very low returns, e.g. million dollars returns at best $20,000 per annum
Generally speaking you are locked away from your super funds, most are infested in large corporations while here in Australia quite a few are privately managed constrained by complicated contracts and or
Thinking about self-managed super
An SMSF must be run for the sole purpose of providing retirement benefits for the members or their dependants. Don't set up an SMSF to try to get early access to your super, or to buy a holiday home or artworks to decorate your house. These things are illegal.
There are five basic types of funds:
Bottom line you would probably have more control over your monies invested in endowment assurance contracts. (a form of life insurance that provides for the payment of a specified sum directly to the policyholder at a designated date or to his beneficiary should he die before this date)
If your got strong backbone, investment of physically held gold bars...would out run the lairs playing money games with other peoples futures, but there are risks in the latter, like in how long holding your hand in red hold fire would it take you to tell where the gold is hidden...
Most super funds today are returning very low returns, e.g. million dollars returns at best $20,000 per annum
Generally speaking you are locked away from your super funds, most are infested in large corporations while here in Australia quite a few are privately managed constrained by complicated contracts and or
Thinking about self-managed super
An SMSF must be run for the sole purpose of providing retirement benefits for the members or their dependants. Don't set up an SMSF to try to get early access to your super, or to buy a holiday home or artworks to decorate your house. These things are illegal.
There are five basic types of funds:
Bottom line you would probably have more control over your monies invested in endowment assurance contracts. (a form of life insurance that provides for the payment of a specified sum directly to the policyholder at a designated date or to his beneficiary should he die before this date)
If your got strong backbone, investment of physically held gold bars...would out run the lairs playing money games with other peoples futures, but there are risks in the latter, like in how long holding your hand in red hold fire would it take you to tell where the gold is hidden...
that is such a good thing that Australia put for their people
new zealand is so bad.
na
2016 Super Returns Encounter Further Challenges
Superannuation funds continued to face challenging market conditions in February, with the median Balanced Option down 0.5% in February. This is the fifth negative month for the financial year so far, with the financial year-to-date return falling to -1.6%.
Given world economic outlook is faster than ever winding up its own where the sun don't shine a prudent person would not take the word of proven thieves and lairs for anything never loan that job, significant infrastructure agenda.
Coalition Government will encourage strong economic growth and live within its means by economic plan to boost growth and jobs by cutting taxes, getting the budget back under control and boosting productivity.economic plan to boost growth and jobs by cutting taxes, getting the budget back under control and boosting productivity. Government will encourage strong economic growth and live within its means by economic plan to boost growth and jobs by cutting taxes, getting the budget back under control and boosting productivity.economic plan to boost growth and jobs by cutting taxes, getting the budget back under control and boosting productivity. Government will encourage strong economic growth and live within its means by economic plan to boost growth and jobs by cutting taxes, getting the budget back under control and boosting productivity.economic plan to boost growth and jobs by cutting taxes, getting the budget back under control and boosting productivity.
your kidding
2016 Super Returns Encounter Further Challenges
Superannuation funds continued to face challenging market conditions in February, with the median Balanced Option down 0.5% in February. This is the fifth negative month for the financial year so far, with the financial year-to-date return falling to -1.6%.
Given world economic outlook is faster than ever winding up its own where the sun don't shine a prudent person would not take the word of proven thieves and lairs for anything never loan that job, significant infrastructure agenda.
Coalition Government will encourage strong economic growth and live within its means by economic plan to boost growth and jobs by cutting taxes, getting the budget back under control and boosting productivity.economic plan to boost growth and jobs by cutting taxes, getting the budget back under control and boosting productivity. Government will encourage strong economic growth and live within its means by economic plan to boost growth and jobs by cutting taxes, getting the budget back under control and boosting productivity.economic plan to boost growth and jobs by cutting taxes, getting the budget back under control and boosting productivity. Government will encourage strong economic growth and live within its means by economic plan to boost growth and jobs by cutting taxes, getting the budget back under control and boosting productivity.economic plan to boost growth and jobs by cutting taxes, getting the budget back under control and boosting productivity.
your kidding
Hi all, I got mine taken out each week, but the only thing that worris me is what if the goverment take it all, like back in the mid 1970s, as an appentise, I had super taken out for 6 years, then the goverment closed it off and took the lot, very hard to trust them.
jonpal: Hi all, I got mine taken out each week, but the only thing that worris me is what if the goverment take it all, like back in the mid 1970s, as an appentise, I had super taken out for 6 years, then the goverment closed it off and took the lot, very hard to trust them.
I dont understand that?
so money should be to kiwis?
jonpal: Hi all, I got mine taken out each week, but the only thing that worris me is what if the goverment take it all, like back in the mid 1970s, as an appentise, I had super taken out for 6 years, then the goverment closed it off and took the lot, very hard to trust them.
up to you whats your move?
sophiasummer: up to you whats your move?
Super is the best thing since sliced bread, I paid an amount which I could afford for years before it was compulsory for employers to contribute, my private fund was with transport company TNT CREDIT UNION, and could draw on it anytime for anything. Then I rolled it over into the Victorian Transport Union super fund, they always had it invested at the top interest rates. When I retired at 70 years of age I got the lot plus accrued interest, which I might add was by that time a small fortune,,,, also there were never any adminastration or handling costs......JMO...
cruiser68: Super is the best thing since sliced bread, I paid an amount which I could afford for years before it was compulsory for employers to contribute, my private fund was with transport company TNT CREDIT UNION, and could draw on it anytime for anything. Then I rolled it over into the Victorian Transport Union super fund, they always had it invested at the top interest rates. When I retired at 70 years of age I got the lot plus accrued interest, which I might add was by that time a small fortune,,,, also there were never any adminastration or handling costs......JMO...
I think all the positives people are saying are great .
Let's remember I'm 53 my second full time job ( first one I only lasted a few months )
I was there for 12 or 13 years . For me to get their super it took many years you had to be invited in . In the bad old days .
This place while I'm still there the company is making instalments ( or was that's all halted for me ) into a union super fund
sophiasummer: new zealand is so bad.
yes and no , a pool of money that the likes of Don Brash to feed from is way from cool . That same man campaigned against Peter's on the matter and now Brash has his trotters in the trough . Cullen fund is a much better model , renamed from an earlier time , as Rodger Douglas's father wanted to go that way with piggey pulling the pin on it . The current lowlife crook , Dear leader john eL Key shafting the Cullen fund .There is a ¨Great¨ in Great Britain though. Super New Zealand isn´t very catchy.
In 1940 my grandfather passed away from the affects of Mustard Gas during WWI. As there were no pensions my grandmother went out and worked doing Domestic Duties (washing, ironing and cleaning). My father left school at 14 to help but then had sign-up for WW2.
After WW2, the Federal Govt under Menzies introduced a Pension Scheme where 1% of your income was put aside for a Pension at the Minimum Wage and was available at age 65. The start of Federal Income Tax.
The Pension back then would have allowed Mum & Dad (who owned their own home and kids grown up with their own families) to manage to live in the "family home" until .......okay, they carked it.
What we now call "Super" is voluntary and/or compulsory contribution to putting money aside in the future (40+ years depending on when you start working for a livable income) so that when you no longer desire to work (as against don't want to or unable) you have an income stream compatible to your life-style choice.
After WW2, the Federal Govt under Menzies introduced a Pension Scheme where 1% of your income was put aside for a Pension at the Minimum Wage and was available at age 65. The start of Federal Income Tax.
The Pension back then would have allowed Mum & Dad (who owned their own home and kids grown up with their own families) to manage to live in the "family home" until .......okay, they carked it.
What we now call "Super" is voluntary and/or compulsory contribution to putting money aside in the future (40+ years depending on when you start working for a livable income) so that when you no longer desire to work (as against don't want to or unable) you have an income stream compatible to your life-style choice.
I grew up in the "peacenik" era and attended a few Australian Moratorium marches organised by the very leftist socialist/communist student organisations of the late 60s This was the way our school teachers were instructing us about "the real world."
Over the last 50 years, I have tried to look at what Australia and its future means to me and my children. Not what the USA and its allies did in Asia 50 years ago.
I want my grandchildren to have an Australian future, not some place owned by the Chinese .... Shorten's view by selling off Kidmans and any other place they can get their hands on like the Chinese have taken over Greece and many African nation's infrastructure.
Okay, my 'old timers' sort of kicked in. Shorten did opposed us "leasing" land to the Chinese in WA/NT a few years back. Maybe this was so wrong and we should have sold it to China at that time.
Over the last 50 years, I have tried to look at what Australia and its future means to me and my children. Not what the USA and its allies did in Asia 50 years ago.
I want my grandchildren to have an Australian future, not some place owned by the Chinese .... Shorten's view by selling off Kidmans and any other place they can get their hands on like the Chinese have taken over Greece and many African nation's infrastructure.
Okay, my 'old timers' sort of kicked in. Shorten did opposed us "leasing" land to the Chinese in WA/NT a few years back. Maybe this was so wrong and we should have sold it to China at that time.
we went to Vietnam (in our minds) to contain communism, and its not to hard to notice across the political divide in Australia e.g. Rudd's whole family, Turnbull's family, Shorten, Simon Crean etc have gone out of there way to accommodate communist investments in AU. Have flooded universities, tourist location, and sold China everything China needed to build its arm forces, even sold them HMAS Melbourne and so China had a British Built Aircraft Carrier Decks construction to analyse.
Sold Australia out and now propose most of Singapore can move here (well have already past laws so 4.9 million Catholics from there can call Australia home, and also 14000 Sing troops can annually can build bases and play soldiers in Shoalwater and Rocky...a Catholic dictatorship that arose some time after 800,000 British troops were handed over to the Japanese...
Am surprised Australia choose to run with French Submarine deal over Japan, we all drive Japanese cars and trucks for good reason and I'm pretty certain very few on here would choose a French vehicle (though i once enjoyed a Citron ID 19 myself) i doubt many on here would choose french anything today
Sold Australia out and now propose most of Singapore can move here (well have already past laws so 4.9 million Catholics from there can call Australia home, and also 14000 Sing troops can annually can build bases and play soldiers in Shoalwater and Rocky...a Catholic dictatorship that arose some time after 800,000 British troops were handed over to the Japanese...
Am surprised Australia choose to run with French Submarine deal over Japan, we all drive Japanese cars and trucks for good reason and I'm pretty certain very few on here would choose a French vehicle (though i once enjoyed a Citron ID 19 myself) i doubt many on here would choose french anything today
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Created: Apr 2016
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Australia had already sorted this.