Why should wealthy still get their supe

Re Superannuation payments.
These should be ‘means tested' with anyone receiving monies over $100,000 per year, should not receive Super. There are many millionaires and multi millionaires receiving Super and almost one millionaire each week from lotteries and bonds.
Several million dollars could be saved. At the moment those wealthy folk are laughing all the way to their banks and it is good to know – that a complete overhaul of our welfare system is under way, as there are many bludgers living off our taxpayers, so Super is far more important to cancel from those wealthies. Statistics can and should be changed!
The National Government are borrowing billions of dollars each week and paying huge interest rates, this cannot least, as it is not sustainable so the future financial situation is not good!
EM Izett, Tauranga.

9 comments

SCRAP IT COMPLETELY

Posted on 04-02-2011 12:32 | By The author of this comment has been removed.

I disagree Mr Izett. If ANYBODY is forced to contribute to this compulsory system, then they should be entitled to the same as any other person regardless of their wealth. In the same regard, if you do NOT, or CHOSE not to contribute, then you should not be entitled to draw from it. An overhaul of the system is a waste of time. SCRAP IT COMPLETELY. It is unfair, Immorral, Creates dependancy, encourages theft and deception


Superannuation and Means Testing

Posted on 05-02-2011 11:10 | By LadyJ

Many of the so called 'wealthy' ones have earned the right to superannuation by the mere fact of being taxpayers for many years, more than can be said for those who chose the easy road to welfare dependancy, and this is not meant to imply that all those on unemployment benefits are 'bludgers'. A lot of people are only wealthy because of hard work and judicious use of their finances over many years so why penalize those who have tried to help themselves? I agree that an overhaul of the system is long overdue and hopefully, those who seek to 'cheat' the system will be weeded out.


super

Posted on 06-02-2011 17:16 | By Glen Clova

I think Mr Izett has a point but if people who earn over 100 grand are to be refused super then they shouldn't have to contribute to universal super.Just remember that there are many people out there collecting super and other benefits who have never done a days work in their lives and never will,their super is paid for by the workers.I see a better system that rewards the people who work all their lives should get a bigger pension than the ones who do not work.


GET WHAT YOU PAY

Posted on 07-02-2011 10:36 | By The Master

It is only fair that if you pay tax that you are then entitled to Super. If it is like Kiwisaver and is compulsory then you have your own money and savings so you get whta you pay in when you retire. So what is the problem here, anyone who does not agree with this must not be paying anything in and is worried about how much they will get for nothing later.


Posted on 07-02-2011 16:50 | By The author of this comment has been removed.

Absolutely agree 100% with "The master" Especially the bit at the end.


APPRECIATE THE SUPPORT

Posted on 10-02-2011 18:56 | By The Master

Thanks heaps brilleaux.


RIGHTEOUS INDIGNATION

Posted on 11-02-2011 15:11 | By Ratcatcher

Those in receipt of anything above the annual average national wage whether by way of wages or investment should not receive NAT SUPER as NZ as a country can't afford it. Those that bleat we have all contributed can they please spell out exactly what part of their taxes is being applied to their national super entitlement ?


SUPER AS OF RIGHT

Posted on 12-02-2011 10:46 | By The Master

If I pay tax and of course more than the average then I expect to be entitled to the same benefits as others, not betetr just the same. However if there is a problem about "cant afford" then all have not paid enough in as tax over the years, then all should accomodate that. As my grandfather said "I paid thrupance in the pound for my super, it is my right to receive super now". Unfortunately for him I responded with ... "I would rather give you back the thrupence!" He was of course suitably impressed. End result here is that to many are now entitled, the options are: increase the start age, reduce the the amount paid or increase tax on the current wage earners to pay for the lack of tax paid before. Choose ...


the system is a disgrace

Posted on 15-02-2011 14:36 | By The author of this comment has been removed.

@ratcatcher: Scrap the whole immoral system, and there would be no bleating about how much of somebody elses hard earnt money you would be entitled to. But NO - you insist on forcing others to be part of it, and then moan if they earn more than you, that they should be entitled to draw the same as you - its an immorral lolly scramble and a bloody disgrace. If there was an option that said if I earnt over the arbitrary NATIONAL AVERAGE WAGE (whatever random number pulled out of a hat that may be!) and I willingly accepted that, then OK. Unfortunately There IS NO CHOICE, and There is NO option. If you insist on stealing my money to put into the slush fund, then I should be entitled to the SAME as everybody else. If I am not entitled to the same, then stop taking my money without my permission and let me take care of my own super. You people want it both ways - you want your cake and to eat it too. and as I said before: SCRAP IT COMPLETELY. It is unfair, Immorral, Creates dependancy, encourages theft and deception


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