Thread: Losing Ya " Super ". Ya shittin yet ?

Originally Posted by jamescollister

Have enough cash you can live anywhere, but on a state pension alone, not here.

How do ya reckon you would go living in Australia on a state Pension.

^^ ^



Love Thegent.

Any examples of any Australian Govt. of any persuasion ever making retroactive changes to existing OAP?

Sure they tweak and adjust requirements for future eligibility but retroactive reductions would be political suicide.
Grey Power Rules.

Is there a site where we can find out how Terry's super is getting on?

I could add it to my bookmarks and log in everyday after sickipedia

Originally Posted by Dillinger

Is there a site where we can find out how Terry's super is getting on?

I could add it to my bookmarks and log in everyday after sickipedia

Terry's Super

Originally Posted by Evilbaz

Any examples of any Australian Govt. of any persuasion ever making retroactive changes to existing OAP?

Sure they tweak and adjust requirements for future eligibility but retroactive reductions would be political suicide.
Grey Power Rules.

Not future, rules change for all.

This is the latest set of changes.

Age Pension assets test: 300,000 retired Australians to lose some or all entitlements - SuperGuide

Originally Posted by terry57

Originally Posted by jamescollister

Have enough cash you can live anywhere, but on a state pension alone, not here.

How do ya reckon you would go living in Australia on a state Pension.

Under a bridge, eating dog food and baked beans.

^^^ brilliant

Originally Posted by Seekingasylum

Originally Posted by can123

Originally Posted by Seekingasylum

The current maximum UK state pension for a single person is around £116 per week, about $8,000 per year.

Wrong. You pay no regard to the earnings component. My pension is more than 33% greater than this.

What is it about you fucking pedantic Taffies? Of course it's more complicated than I set out but my reply was to give the basic maximum for those who may not have accrued benefit under SERPS etc of which there are fucking millions. The guy wanted an idea of the basic state pension allowance and when it was payable, for fuck's sake you retarded valley fucker.
In any event, anyone employed in public service who paid NI contributions at a reduced rate would not qualify for any enhanced payment under the old scheme and would only receive the current rate of £115.90 per week - i.e. policemen, teachers, civil servants and armed services personnel.
Under the new "unified scheme " the maximum will be £151 per week ( as currently proposed ) and that includes fucking sheep shagging twats like you even with with your SERPs, so fuck you. There will be losers under the new scheme and that includes folk who paid more into their SERPS.
Also, those public servants will not be entitled to receive the max allowance in 2017 because of their reduced contributions but I don't think a septic would be too interested in that, you Welsh twat.

All wrong, I'm afraid. I am not the least bit interested in the amount of money somebody may get in the future when they retire and what I have said relates to those who are already in receipt of state pension. The maximum additions to the basic pension are of the order of £164 but very few would actually get this amount.

James is correct in saying that retirement pension, of itself, would not enable Brits to qualify for an extension of an O-A visa. On an exchange rate of 56 baht to the pound who get the maximum rate of RP would fall just short of 800,000 baht per annum

As most of us, and as you rightly say those of us who had contracted out of the government scheme, will not reach this income on state pension alone most, like me, will depend on capital held in ordr to qualify for such a visa. ( I have ignored private pensions and excluded them for the purpose of this post).

I am sorry to see that you rely on the use of four letter words and abuse to express your views. I pity you as were clearly denied the benefit of an education in Wales and this was due to an accident of birth.

Please try to read a broad variety of literature and your vocabulary will improve. .

Originally Posted by Dillinger

^^^ brilliant

Hey Dill,

That's exactly what could happen to my Super, no doubt about that at all.

The thing is I will be in fine company, most of Australia will be living at the rubbish tip with me.

Originally Posted by can123

Please try to read a broad variety of literature and your vocabulary will improve. .

Jesus,

I've seen Thegent called many a nasty name on this forum but I've never seen anyone accuse him of having shit literature or Vocabulary.

Don't think you will win this one mate.

You must try harder.

Originally Posted by terry57

^^ ^



Love Thegent.

He is a witty bloke that's for sure. Makes oi larf he does

^

Yes,

Thegent is simply awesome when he gets on a roll.

Pisses me off when he drones on and on and on about the " Thais " though.

Boring as bat shit that gets.

Once he gets out of that gear he is off and racing.

Originally Posted by terry57

Originally Posted by can123

Please try to read a broad variety of literature and your vocabulary will improve. .

Jesus,

I've seen Thegent called many a nasty name on this forum but I've never seen anyone accuse him of having shit literature or Vocabulary.

Don't think you will win this one mate.

You must try harder.

Who decides the winner ? Seeking Asylum/thegent is a silly windbag who spouts nonsense wrapped up in long words. He fell short of his normal standard in a post and I offered advice. Of course, it's up to him whether or not he accepts it.

I have just received 'details' of a pension I have with my very first employer.
I had forgotten about it as it was only for about a year or so and it was around about 1980.
The company no longer exists but the pension administrators went looking for me through my National Insurance number.
As all that was required was for me to send a little bit of info via email, so I did.

It is a final salary policy with me having worked with them a year or so back in 1980. I received pages of info from them.

Should I die more than 5 years after retirement age - 65 - my wife will receive for the rest of her life.....




350 baht per annum.

Originally Posted by terry57

The thing is I will be in fine company, most of Australia will be living at the rubbish tip with me.
[at] [at]

Could they accommodate you all in Pattaya ?

^

Yep,

Shit load of room at LT's gaffer.

Originally Posted by Happy As Larry

I have just received 'details' of a pension I have with my very first employer...

Should I die more than 5 years after retirement age - 65 - my wife will receive for the rest of her life.....

350 baht per annum.

I don't feel so bad now...I'll get the grand sum of USD$118/month starting at age 55, due to a low-level desk job i had as a union member for 7 years in a hospital. It goes up to $189/month if i leave it til age 60.

The "means testing" of your social security money in the US seems to be somewhat different...I believe you can be taxed on some of it if you also have a private pension fund.

It's all bad news really, worked with a guy, head librarian university Geelong, 20 odd years if I remember.
GFC wiped out most of the fund at that time, then he got laid off, 57, computers had taken over. Bit of a golden handshake, a years pay.
Pension, if he took it $50 at week, no unemployment benefits for 2 years, redundancy money [golden handshake] money had to cover that long.
Got a job in the prison as a casual employee, no minimum hours, just a call when needed, 4 hours here and there.
Don't come when called, you go down the list of who gets called first.
Poor bastard will never get a real job and die on welfare, probably had to sell his house by now to live.
His kids will get nothing, but a funeral bill.
There is a lot in the same boat where I come from, workers from Ford, ACI, ALCOA, Shell and many others.
All laid off, no future, no real jobs, no real pensions, just welfare.
Time for change, otherwise we will all be just human resources.

Originally Posted by Paddy Whackery

Originally Posted by Happy As Larry

I have just received 'details' of a pension I have with my very first employer...

Should I die more than 5 years after retirement age - 65 - my wife will receive for the rest of her life.....

350 baht per annum.

I don't feel so bad now...I'll get the grand sum of USD$118/month starting at age 55, due to a low-level desk job i had as a union member for 7 years in a hospital. It goes up to $189/month if i leave it til age 60.

The "means testing" of your social security money in the US seems to be somewhat different...I believe you can be taxed on some of it if you also have a private pension fund.

A wopping $121 a month at age 65 from a pension fund and about 1500 from social security. I plan to take the S.S. at 62. Get some while I can as I paid in all these years.

I don't count on any of it the way things are going now . Well bankrupt S.S. to pay for other BS if changes are not made.

So an Australian that did not earn a defined state or government pension or other (union or non union ) will not get any form of government assistance if they hold assets above about $1,000,000AUD? I'll admit to skimming over the spread sheet.


Seem foul if one has paid into something and then gets the shaft because they were fiscally responsible throughout ones life.

Originally Posted by terry57

^

Yep,

Shit load of room at LT's gaffer.

I heard Shrewd Punter is staying there with a uni-girl at the moment?

Originally Posted by jamescollister

It's all bad news really.

Jim,

The stories you relate do not reflect accurately on the State of the average Australians Superannuation fund.

For sure there are these bad luck stories but it's not the Norm.

The fact is, a well manged Superfund taken out when one is young is the highway to wealth Independence in later life.

Actually, it's Law in Australia that employers must pay Super. In my case it was a condition of Employment when I signed up in January 1979.

The ups and down of the market are sorted over the life of the fund if one just lets things run there course.

It would make your head spin to know what some of our guys are walking out the door with after paying into our Super fund for the life of their employment.

Unfortunately not every Australian is lucky enough to be a member of our Super fund but the vast majority do OK if they are long term employees in a decent job.

Of course it boils down to ones Job, The " Check out chick " at Coles ain't going to get what an Emergency worker would get.

This is simply because her contributions to her fund over her working life would be much lower resulting in a lower end figure.

Plus many people change jobs so this also impacts of ones Superfund. Many are casual workers which really fuks it around.

At the moment ones Super payout runs at around 7 X one's final average Salary so for our over seas friends it provides an idea of how the final figure is worked out.

Hence why many guys go for promotion in their last 3 years so they can kick their Super into the stratosphere.

The pay out figure is calculated on the last 3 years of employment.

It's certainly not all bad Jim, it's mostly good.

^ My emergency services super was 8.4 times final average salary (average over final two years).

Terry, XXX think you are not talking superannuation, but job related pensions.
Police, fireman, prisons all had/have pension schemes, with service related percentages, they were there well before super came in.
There were many work related pensions, Telcom, posties, government jobs in general, all paid pensions worked out on years worked and final salary.

Super is a totally different kettle of fish.