Tuesday, April 24, 2007
Superannuation Fun
Superannuaton: Noun
- old-age pension, retirement pension, retirement check, retirement benefit, retirement fund, superannuation (a monthly payment made to someone who is retired from work)
- obsoleteness, superannuation (the property of being out of date and not current)
- superannuation (the act of discharging someone because of age (especially to cause someone to retire from service on a pension))
Still waiting for my TFN... so in the meantime I have to try to understand how Superannuation works and the Simplified Superannuation Act reforms that will kick in July 2007 just complicates matters nor does the interesting disparity in how the Australian Taxation Office (ATO) happens to define us as Australian Residents whilst the Department of Immigration and Citizenship (DIAC) classifies as Temporary Residents...
Then I'd have understand the Super Choices Act and then look for a fund either from the Register of Complying Super Funds (ROCS) or (duh!) Superchoice...
Just reading through the Tax file number declaration form or NAT3092-07-2996 makes you wonder how accountants can be considered boring people!
Over the Air: Close to 48 hrs of rain
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