Share
12,466 Posts.
lightbulb Created with Sketch. 88
clock Created with Sketch.
02/04/18
21:09
Share
Originally posted by Hittman
↑
Reading between the lines I see Shortens plan more of an attack against Self Managed Super Funds with some side line collateral damage.
I currently have an Industry Fund Superannuation account but am seriously looking at getting a SMSF up and running as I fear the ongoing changes to come to the Superannuation System over the coming years.
With an ageing population and the baby boomers hitting retirement/super access age and taking monies out to pay off their houses, help their kids with deposits etc going to rise over the next 5 to 10 years, I'd expect the outflow of money from super funds over the next decade to likely be higher than inflows (Employment increase has been in the part time/casual area) so expect squealing from the super funds to the government to legislate against lump sum withdrawals and force us to take out our money in pension or annuity form.
Further to that, possibly the government getting the super funds to invest in infrastructure projects in return for a % payment a year from the government. Again, reducing liquidity in the super system and requiring limits on withdrawals.
These are only opinions of mine but I feel the future threat of these developments very real.
Expand
Interesting points there also.
Wouldn't the issue of government bonds for infrastructure projects be the mechanism the government raises capital? Then the super funds will buy the bonds.
It seems like bonds have been underutilised and there has been far too little infrastructure. Lots of talk, not enough in reality.