Thursday, August 30, 2007

~5 kilograms of light reading material

Just found out today that the 8.25% of my pay that superannuates into my pension fund cannot be withdrawn before the age of n, where n >> 23.

And when one leaves the country, the pension fund’s contents cannot be siphoned out.




Blogger jean` said...

but it will still be in ur super fund rite? *hopes* so we can still haf access to it after x amount of years not being in aus?

7:36 am, September 02, 2007  
Blogger Tan Yee Wei said...

Not very sure about that too. Before Diana left she had to withdraw everything from her fund (at the maximum marginal tax rate, mind you) because if left inactive for a year, the fund's contents go to the government.

If i was the one designing foreign policy i might impose that restriction on people with residency visas too. They don't vote anyway.

3:43 pm, September 02, 2007  

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