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Thread ID: 116150	2011-02-18 23:42:00	Pension fund	Nomad (952)	PC World Chat

Post ID	Timestamp	Content	User
1179739	2011-02-19 19:43:00	SST now forms part of general taxation or did you mean an additional tax as SST, with all it's required stamps. Lurking. I do think that we do need to have tax dedicated to a pension scheme. I have been in the Armed Forces and currently receive a pension from the Government Superannuation fund. Under the Govt Super Scheme for Government employees you contribute a percentage of your wage to the super fund. It was something like 7% which I never missed. When we reach 65 we end up getting both the Govt Super and the Old Age pension.	Bobh (5192)
1179740	2011-02-19 19:57:00	Say for example if the present government implimented some of Nomads ideas, the next party that got in would most probably change them. :)	Trev (427)
1179741	2011-02-19 20:33:00	Say for example if the present government implimented some of Nomads ideas, the next party that got in would most probably change them. :) This happened a few decades ago. One government implemented a super scheme that might have worked but they were voted out and the next government chucked it out. I seem to remember people getting refunded their money or did it just go into the consolidated fund.	Bobh (5192)
1179742	2011-02-19 20:43:00	This happened a few decades ago. One government implemented a super scheme that might have worked but they were voted out and the next government chucked it out. I seem to remember people getting refunded their money or did it just go into the consolidated fund. Yes that was ROWLING's plan wasn't it? and that little p i g mulders tossed it out, can't remember where the refund went to, it would not have been very much. Lurking.	Lurking (218)
1179743	2011-02-19 21:03:00	It wasn't refunded!	Snorkbox (15764)
1179744	2011-02-19 21:53:00	I remember getting a refund from the goverment because they stopped something. :)	Trev (427)
1179745	2011-02-19 22:01:00	I remember getting a refund from the goverment because they stopped something. :) Clearly wasn't your breathing!	Cicero (40)
1179746	2011-02-19 22:54:00	I remember that "First" tax of 0ne & sixpence in the pound. I joined in 1964 as an Immigrant. It was my understanding that it was for health & Pensions. The balance of the Pay was general income taxed. To me at that time it was a similar scheme to the NHS stamps stopped from my pay in the UK.It was supposedly a dedicated amount for a specific purpose. Eventually my UK part of my Pension from there was paid to this Govt. Pensions are always going to be a problem to any of us.Only a few are going to be wealthy pensioners. There just isn't enough spare money in the "Ordinary Persons" pay packet to put away a Private Pension or "Save Money". In either of these cases where would you put it so that it would be safe & make some interest? Nowhere that I would trust, I am afraid. I say that I have been paying MY pension in advance, all my working life, even now my Pension is taxed. Isn't that double taxing. If a private pension company defaulted on promised pension payments, wouldn't that be FRAUD? There have been various saving/pension schemmes since 1964 & all of them ended up scrapped. If since 1964 & before, each Govt had seperately "Banked" our then & now "Pension Tax" there would be a Goodly amount with which to Invest & pay Pensions. Yes, maybe that sum may have had to be "Helped" by Govts. Which is what is supposed to be happening now, started by Labour. It is Proper that National should stop it temporarily. I see no point in adding to the $250m/week that we are borrowing (BMWs!!)to put into a Pension Fund to invest back. So there is no answer at all. I believe the answer must start from Govt. Charity begins at home in the first instance. Politicians have forgotten that they are supposed to serve the people, not themselves at the trough. Look what is happening in those Arab countries where the poor are REALLY poor yet $m slip out of the country into secret bank accounts. It is nowhere as bad in NZ but the trough feeders are there in Govt & the Private sector. However Govts cannot be trusted either. As soon as a summ of money accrues they "Borrow" it to spend on someting else.Then plead poverty when it comes to Pensions. Other than their own of course!! So the serious questionis "Why would anyone bother saving? If you invest it you could lose it. If you Bank it it will end up double taxed. End of Rant. PJ	Poppa John (284)
1179747	2011-02-20 03:47:00	So the serious question is "Why would anyone bother saving? If you invest it you could lose it. If you Bank it it will end up double taxed. End of Rant. PJ PJ too true, how long has it taken for either government to reduce one's investment income to be taxed at their normal rate of tax. For 19 years my retirement super lump sum, invested in reputable investment companies and the income from this was taxed at the top rate of 33 cents in the dollar, now it's down to 19.5 percent. Can we now make a claim like some other minority race for unfair treatment, like @#%& I bet !. As you say PJ double tax. Lurking.	Lurking (218)
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