Why not Zero taxx on your Super? Taxx is your biggest fee on your super.

Why not Zero taxx on your Super?
Taxx is your biggest fee on your super.

Why not a zero contribution taxx on your super? This is a question that you should ask all politicians who are so good at doling out your money.

We have also asked this other question before of Beasley 11 years before he had to be wheeled to the White House. Why not remove the 15% taxx on the earnings of a super fund. Yes we didn’t get an answer then but we live in hope. Why should we propose again this simple & elegant solution?

Simply as last week end the Australian headlined “the Great super delusion”. Telling us what we all know that we will have an insufficient amount in capital to retire on & hence baked beans & bourbon for our last chapters.


W/E Australian.13-14/03/2010,

“Despite compulsory superannuation, most Australians don’t have anywhere enough cover & the government so far lacks an answer.”
Or again
“The vast majority of Australians are going to retire on less money than they can live on”

There are 3, yes only 3 reports into superannuation & we hold our breath.

“Superannuation minister Chris Bowen says the governments response will be guided by 4 principles i.e. simplicity, efficiency, equity & adequacy.”

We suggest that removing the 15% contribution taxx & the 15% taxx on the earnings on your super satisfies these 4 principals easily & doesn’t need another committee to report on the report
It is certainly simple
It is efficient
It is your money
& it maybe be adequate if given time to compound

Of course the government throws all sorts of political & red herrings which require other articles to answer. To do so would distract from the solution to your superannuation shortfall.

Why do most not contribute to the maximum allowed under the current i.e. today’s caps.
Simply they don’t have any spare funds if they earn less than 90k+ per family. The average family is struggling under debt which sucks 25% of their income. The government sucks a similar amount. Then there are the indirect taxes such as rates, Medicare levy, medical insurance premiums, utilities costs, fines and others. Not much left. They also don’t trust any government who can manipulate super. What is your TFN for?

If the government didn’t taxx your super for someone’s pension or health or schooling then you could look after yourself. Isn’t that simple? After all if you can’t invest or spend your super then it is another taxx.

The unions’ suggestion for a 15% SGC or the super funds associations call for 12% is nonsense[ambient claim] & just a blatant grab for control of your money. Don’t tell me the unions & industry funds do it for nothing.

Thus to achieve the goal of a million in capital to look after your own responsibilities & to pay down that mortgage faster requires a simple & elegant solution i.e. our active wealth strategy. This address’s your taxx & mortgage challenge simultaneously. We have an answer to the government & another answer to your problem.

This is unless any government reduces the taxx on your super. After all this is your biggest fee on your super.

What has Henry said to Kevin?

Welcome to call or email or visit our websites.


John McAuliffe