Fair Go for FiftyUp Campaign: Superannuation under attack at National Reform Summit

Changes in Superannuation rules should not affect those already retired, mainly assets and income test, and family home exemption. To do so would cause hardship and drive existing retirees below poverty line as most have planned their retirement savings an the basis of old rules. I am 70 years and want to continue working to save more for super. Can the government help me find a job? On one hand government wants more money, on other hand they seem to have done nothing much to cut expenses. Many are earning ridiculous high government salaries like $500,000 annually. What do such people spend? It makes sense for government to cut government expenses and MP expense claims. 

Can I ask where are we going with all of this. It makes no sense to me to work longer and prevent the younger generation from getting jobs of which they can then buy a house.How can the government punish those who have worked hard to gain a comfortable retirement. Once again the government has stooped to the lowest level to pick pennies to pay for their mismanagement of tax payers money.NOT THEIR MONEY, our money and the way they are managing it our children will not have any incentive to save.With the amount of minerals , farmland and varied climate for tourism, Australia should be the lucky country.Does everybody believe the lies the government tell.I would prefer my superannuation was invested in a productive Australia and if set up right not even need a pension.WHEN ARE WE GOING TO HAVE SOMEBODY INTELLIGENT IN GOVERNMENT. 

Can I ask where are we going with all of this. It makes no sense to me to work longer and prevent the younger generation from getting jobs of which they can then buy a house.How can the government punish those who have worked hard to gain a comfortable retirement. Once again the government has stooped to the lowest level to pick pennies to pay for their mismanagement of tax payers money.NOT THEIR MONEY, our money and the way they are managing it our children will not have any incentive to save.With the amount of minerals , farmland and varied climate for tourism, Australia should be the lucky country.Does everybody believe the lies the government tell.I would prefer my superannuation was invested in a productive Australia and if set up right not even need a pension.WHEN ARE WE GOING TO HAVE SOMEBODY INTELLIGENT IN GOVERNMENT. 

Load of rubbish. Of course he family home should be exempt, particularly if you live in Sydney. If you sell out where else are you going to go. Super is not taxed for those with tax free income on earnings on assets over $1.2M but they have taken away the paltry part pension and benefits for those with assets between $873,00 and $1,200,000 which is likely to return about $50,000/annum. Hardly a luxurious lifestyle. If I had $2,000,000 in super returning 5% - $100,000 /annum I would be happy to pay tax on an excess over the previous part pension threshold returning much more to the system. 

Its NOT fair to alter asset alowances After people have retired 

Leave the Rules "As-Is " regards (Aged Pension) Entitlements for those people That "HAVE" already retired, changing ruses for Those people is simply NOT FAIR. Dave, "Sydney-NSW." 

I worked until I was 67 yrs old. I could have retired on full Pension at 65yrs of age. I kept going because my Super was pathetic and I knew it was going to be a tough road to travel with only the basic Pension. However, being a long distance Truckie on Interstate runs over 30yrs the job had taken its toll on me mentally and most of all physically. People think all a truckie does is drive, well I can tell you first hand, its a tough game, long hours 18, 20 hour days, loading, unloading, forget the Log Book, get the Freight through was the priority. In my day that was the culture of the industry. I thought I did well making it to 67, most guys don't and some are still going into their 70s. While times are slowly changing with Companies paying big penalties for pushing their drivers to the max. I still feel for those younger blokes out there being driven to be able to retire at 67 and later. Many won't make it physically. Crook shoulders and knees from minor injuries over the years, you just get on with it and get the job done. You then pay the penalty in the aging years, 60 onwards when your body is telling you that enough is enough, time to give it away 

I still want to work im 65 have a full time job which 

Agree Trish. The question is that it should not be a political hunt - be it any party - they are all guilty of the same nonsense. There should be no pretence but an actual fact finding and an honest approach - after all, it is us - the public who are paying these politicans to work for us and not for there own benefit. The system is so BAD that neither party wants to take a serious approach. Sure the Government has set up a task force finally, but we all know where the task force goes. They will still maintain the perks but they will tighten them to a "degree". Remember most of the politicans are lawyers, task force personnel are of the same in most cases. What are lawyers great at? creating laws with a small window that will allow some convenient latitude. We want laws that are specific and point blank with no ambiguity or interpretations that allow words to be used to capture the benefit. Example, maximum sentence for a specific crime is for example 10 years - why not have a "minimum" period with a maximum to conclude the sentence? This is where these politicians and lawyers are good at but do they ever listen to the folks who pay there wages? I don't think so. But great idea 50up club should get the ball rolling but as I said let them not point the finger at one political party. Why not have a 50up club survey to find out what the people really want and are concerned about. Talk back radio is great, fantastic and good on them for attacking major issues. It does have an effect. 

Come on, Fair Go! Lets try to get the politicians to first examine their own ever increasing bulging purses and massive earnings, check out their huge payouts and benefits even after they quit politics. Then these politicians need to take steps to hugely reduce their personal expenses such as holidays, "business" travel, family trips, chauffeur driven cars + several holiday trips that they are entitled to even after they retire, etc etc - all of which are paid for by us tax payers and retirees who have worked hard all our lives for what we have. After all why should we be paying for their family holidays, their comforts after they retire etc etc, when we retirees have to not only fend for ourselves but also have to face up to the fear of losing whatever we have painstakingly worked hard for all our lives? I hope Fair Go for the FiftyUp Campaign will fight on the grounds that a rule for one is a rule for all ...... that includes politicians also. What makes them think that they are a cut above the rest - that they can take from us the retirees, and not apply the same ruling to themselves?