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Thread ID: 124709	2012-05-14 11:18:00	Chasing up old Super Fund Payments, there's gold in them thar hills...........	Billy T (70)	PC World Chat

Post ID	Timestamp	Content	User
1275317	2012-05-14 11:18:00	Having seen the odd ad floating around from Companies offering to recover the proceeds from the aborted 1970's Labour Party-introduced Super Fund, I was reminded that I too had made contributions to this fund at that time. If I recall correctly, Piggy Muldoon killed it within days of seizing the keys to the palace vault. So, I figured that if a private company needs only my signature to go find my records and recover whatever funds are sitting there, in theory I should be able to do the same thing for myself and Mrs T. However, it seems that it is not quite that easy, because I've done some intensive searching but can't find any reference at all to the unclaimed monies. I'd just about given up, then yesterday my brother in law told us he'd collected $800 less 25% (for the price of an envelope and stamp), which suddenly revived my interest again. Does anybody know where to look for this? I'd get on the phone and start asking questions, but the prospect of sitting on hold for several days is not attractive at all, so I'm hoping somebody here has gone before......... Cheers Billy 8-{) :)	Billy T (70)
1275318	2012-05-14 22:00:00	Was that super money or unclaimed tax refund? I've seen one reference to Muldoon returning the Super money shortly after National got in and most of it being spent on colour tvs. Maybe try the unclaimed monies section at IRD.	PaulD (232)
1275319	2012-05-14 23:09:00	can you give more infomon how he did it, not that i have anything to claim wasn't here then but SWBO might	gary67 (56)
1275320	2012-05-14 23:42:00	Look for your name here www.ird.govt.nz Those money recovery people are probably just doing that and tracking down the people listed to "help" them do something they could do themselves.	PaulD (232)
1275321	2012-05-15 00:18:00	From memory mine was automaticly refunded. :)	Trev (427)
1275322	2012-05-15 03:46:00	my brother in law told us he'd collected $800 less 25% . Tax refund companies are a con. You can do this and get the 100% yourself.	pctek (84)
1275323	2012-05-15 05:20:00	Tax refund companies are a con. You can do this and get the 100% yourself. It is not a tax refund situation, that is quite different. This is a refund of compulsory superannuation contributions from the early 1970's after the scheme was abolished by Piggy Muldoon. One would hope it has been earning some interest over the last 35+ years but I wouldn't count on it. I left the country on a 12 month scholarship shortly after the Nats got back into power and all of this happened while I was away so I never really knew much about it. I think I've looked in the unclaimed money pages and it wasn't there, but I'll check again. [Nope, not there, but some guy has $104,000 owing.] Cheers Billy 8-{)	Billy T (70)
1275324	2012-05-15 05:45:00	The Labour government’s New Zealand Superannuation Act, passed in August 1974, required mandatory pension contributions by employees and employers for all workers over the age of 17. Contributions could only be withdrawn if people were leaving the country permanently and payments would begin upon retirement from the age of 60. The new scheme came into operation on 1 April 1975 but its life would be short. In that year's election the National opposition proposed an alternative tax-funded National Superannuation scheme. This wooed many voters who were unhappy about their take-home pay being reduced to fund their retirement. The affordability of National Super, which replaced Labour's scheme in February 1977, would be severely tested as the numbers eligible for superannuation grew. The question of how to pay for our retirement has dogged successive governments. This is what I am talking about, so I have employee and employer contributions from April 1975 to February 1977 sitting somewhere. What's the bet Piggy put a time limit on it, then hoovered up the residual! :groan: Cheers Billy 8-{) This may cover it (legislation.knowledge-basket.co.nz) but it would take a phalanx of lawyers to interpret it	Billy T (70)
1275325	2012-05-15 08:49:00	I think you have to scale back your expectations, I have a memory of Piggy getting some bother for doing something by decree and I've seen a ref to "superannuation returns from a brief period of consensus to being the political football it has been since Robert Muldoon cancelled Labour's 37 week-old compulsory scheme in December 1975. " I think the old scheme stopped before the paperwork was done.	PaulD (232)
1275326	2012-05-15 11:39:00	I think you have to scale back your expectations, I have a memory of Piggy getting some bother for doing something by decree and I've seen a ref to " superannuation returns from a brief period of consensus to being the political football it has been since Robert Muldoon cancelled Labour's 37 week-old compulsory scheme in December 1975. " I think the old scheme stopped before the paperwork was done. I don't actually have any expectations, it just seemed like a fun idea to chase it up, but I knew that there would be bugger-all in there. I was only earning about $40 a week in those days so I'd be surprised if it was as much as $50. I should have mentioned that the bro in law was talking about money buried across a pile of graves and only a little was exhumed from each one. Most of it was probably tax rebates because he's been hiding from the taxman for years. Much of the stuff on the website is probably insurance payouts etc where they couldn't locate the recipent so it was paid into that government account. It would be fun to even pull in $50 :D but I suspect that the door was closed and locked many years ago. Cheers Billy 8-{)	Billy T (70)
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