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Three Pillar Retirement Policy

This is my letter,as published in the May/June Newsletter of the SA Superannuants, of which I,am a member.
Three-pillar retirement policy.
Australia has a three-pillar approach to the provision of retirement incomes, the three pillars comprising a means tested age pension and associated social security arrangements, compulsory superannuation savings through the superannuation guarantee arrangements, and voluntary superannuation and other private savings.(Quotted by Bill Shorten)
This is very convenient for the government to keep the age pensioners which depend to some degree on the age pension as poor as possible by the means testing of the pension, while the voluntary and private savings provide the retirees in this group with huge tax benefits.
When the Howard government introduced the tax-free super for the over sixties, if the income came from a taxed fund, this gave people on high incomes huge tax savings possibilities.
According to OECD, Australian pensioners are the second poorest, after Ireland among the OECD countries, and this is due to the means testing of the age pension.
I have written numerous letters to politicians of all persuasions, complaining about the unfair treatment of the age pensioners, who, like myself, have been robbed of a decent standard of living in retirement.
It would take too much space in the Newsletter, to place some letters that I wrote to Bill Shorten and others, but they can be accessed on my website “hawilspoint” or simply on Google typing in “The great Australian Super Fraud”.

Yours truly
W.Hawil

Editors note::Willi .Hajszan is an advocate of a universal age pension. This is not supported by the Executive Committee but interested members can find out more about Willi’s arguments by referring to the sources he has provided.

As the majority of the Associations members which are affiliated with ACPSRO are on super incomes of less than $30,000 and are therefore in receipt of some Centrelink age pension, being punished by the means test, this Editors note is virtually telling the members that they are mainly looking after the members who are either completely or to a great extent self funded, and I,am sure that the government will be well aware of this and I, and any other individual can complain to the government as much a we like, the government will take no notice.
How many members of this Associations are aware, that there are many top public servants with incomes of more than $400,000 per annum, who will retire on super incomes in excess of $200,000 and benefit hugely from the 10% tax offset, and will also be able to contribute extra to a taxed super fund, benefitting further from the tax-free super when they turn sixty.
The Associations listed below, and all others associated with ACPSRO, are acting in a similar way as the SA Superannuants.
All the previous correspondence I had with ACPSRO can be read on hawilspoint.

1)The Superannuated Commonwealth Officers’ Association (SCOA)

2)South Australian Government Superannuated Employees Association Inc.
trading as:
S.A. Superannuants

3) Defence Force Welfare Association (DFWA)

The Australian Council of Public Sector Retirees Organisations (ACPSRO)

As mentioned in the “Select Committee on Superannuation” report of 2003, Australia is the only OECD country which has a means test for the basic pension, and it is mean.

The Report’s recommendation for a review of the employment-superannuation
nexus errs on the side of caution. This caution is well justified since it opens up a much broader debate on the structure of Australia’s retirement income system,
including proposals for a universal pension than that originally envisaged in the terms-of-reference. The fiscal impact of widening the spread of tax concessions is also unclear.

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