More (proposed) meddling with Superannuation

Australian union backed retirement funds along with the Australian Institute of Superannuation Trustees are proposing government limit the lump sums of money that an individual can withdrawal from their pension pool.

Whether or not this strengthens the case for more people participating in Self Managed Super Funds (SMSF’s) or developing cost effective SMSF’s for individuals whose retirement balances aren’t large enough for the traditional format, I urge readers to simply listen to the “What’s Not Being Said”.

If this proposal becomes legislation, please tell me how such a restriction on a retirees own savings, if a good thing??

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