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UNCERTAINTY: For some, superannuation may not provide the retirement they expected. Photo: iStockphoto/Ljupco

Super changes send mixed message

Changes to superannuation in this month’s federal budget were a kick in the teeth to those looking to self-fund their retirement.

It was unexpected and came with almost no warning, but that’s the thing about ageing – it really does creep up on you.

One day you’re nursing a hospital-grade hangover after a night out with some university friends, the next you’re striking up conversations with strangers about superannuation; and it’s very hard to explain how you’ve spent the intervening years.

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Comments

Perth
It's very simple. You cannot encourage people to support jobs & growth, if at the end you prevent them saving for their own retirement. The $1.6 million pension cap is reasonable, but the $500,000 Lifetime non-concessional super cap needs scrapping, as it prevents hard working Australians from saving for the $1.6 million pension cap. Most of the conservative independent parties have now indicated they would vote against the $500,000 lifetime nc super cap, if elected. They have 11% of the vote. Do the maths.

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