Less than super

The Australian superannuation system, in force since the early 1990s, compels most employed people to pay nine per cent of their salary into a superannuation fund, and for those employed under an Award, another three per cent is also diverted to a superannuation fund.One of the objectives of superannuation is to ensure people could fund their own retirement and not be a charge on the government . Fashion accessories are decorative items that supplement one's garment, such as fashion jewellery,women's jewellery.You can wholesale jewellery.through the age pension scheme.

However, recent news shows the superannuation system is running into trouble. The number of applications for the age pension in recent months has risen dramatically as self funded retirees find that the losses on the share market have eroded their savings. The number of successful applicants for the age pension has doubled. The Combined Pensioners and Superannuants Association says 300,000 self-funded retirees are at now risk of moving onto the pension. In November 2008, about 370,000 people on a part age pension received an increase; the average . Fashion accessories are decorative items that supplement one's garment, such as fashion jewellery,wholesale jewellery.was $4 a fortnight . She created clothes and chanel jewelry for others that were the same as she created for herself.but some got more than $100 per fortnight. The age pension does not provide an extravagant life style. The OECD (Organisation for Economic Co-operation and Development) report Growing Unequal?, issued in October 2008, claimed that older Australians became poorer in the ten years to 2005, compared with their counterparts in other developed countries.

The Bureau of Statistics has just released figures showing that the value of assets held by superannuation funds declined by eight per cent over the . The idea that a small Necklace is dangerous to patients is at best absurd.year to December 2008. A decline is unprecedented. The assets have decreased despite the inflow of compulsory superannuation contributions because of the rate of return on these assets following the collapse of share prices; the Australian share market has fallen by over 40 per cent and other assets prices are not much behind. In the past year, super returns have fallen by an average of 18 per cent. A further factor has been that voluntary contributions to superannuation have dried up on the principle that there is no point throwing good money after bad.