Richard Ings : Renewable Energy Beneficiary

Solar, battery and EV owner

I know a bit about tennis integrity issues.

Renewable energy beneficiary

I sing a few songs these days

[Richard Ings : Renewable Energy Beneficiary @ringsau]

I don't have much time for fossil fuel advocates

I've lived my life using fossil fuels

A year ago I migrated to an all-electric home/car with at least 75% renewable energy

My bills have dropped 75%

My car is a dream to drive

I'm never regressing to that old expensive life

[Richard Ings : Renewable Energy Beneficiary @ringsau]

@BaronBurleigh2 @bmassey385 The last refinery to close were in 2021. Two refineries closed. Under the Morrison government. They closed because they were too small and therefore uneconomic.

And these refineries are privately owned. Government could subsidise them or nationalise them.

What do you suggest?

[Richard Ings : Renewable Energy Beneficiary @ringsau]

@arbsmichael Government can't touch your super. They can tax gains at 15% and contributions at 15%. Thats it. You decide where you invest your super money. You can keep it in invest in international shares or you could invest in Australian investments or property etc. Its your choice

[Richard Ings : Renewable Energy Beneficiary @ringsau]

@AustRepublican @BikoKonstantin1 Well it’s not working is it.

[Richard Ings : Renewable Energy Beneficiary @ringsau]

@Mercfan3Mercfan @AaronDodd @JasonWood_MP My son just finished university. The sheer quantity of graduates is diluting the worth of the degrees from an employer perspective. And the cost of a uni degree is obscene in 2026. Quantity of students payign top dollar is more important than quality of education.

[Richard Ings : Renewable Energy Beneficiary @ringsau]

@ChapmanMal65134 @GreenTyler27 Super is my money invested how I want growing tax reduced and able to redrawn tax free once I turn 60.

Stop making up rubbish that some future government will nationalise your super balance or something.

Government In Australia dont seize funds from bank accounts

[Richard Ings : Renewable Energy Beneficiary @ringsau]

@AustRepublican @BikoKonstantin1 Government spending is way too high. Its propping up the economy. Turn off the money tap and the economy would tank. Australia is cooked and the chefs are all politicians of the last 20 years.

[Richard Ings : Renewable Energy Beneficiary @ringsau]

@AustRepublican @BikoKonstantin1 Mate I opposed the changes to superannuation tax unless and until it was subject to indexation. Of course government can change laws anytime but so can the public push back. The changes eventually did include indexation. Monies in super above $3m incur the 15% tax. Its fair

[Richard Ings : Renewable Energy Beneficiary @ringsau]

@AustRepublican @BikoKonstantin1 I also want to slash government

Super is a way to save for retirement tax minimised, not to save inter generational wealth, tax minimised

A 15% extra tax on indexed balance growth above $3m ensures a brilliant retirement while still paying less tax than if taken as income.

[Richard Ings : Renewable Energy Beneficiary @ringsau]

@AustRepublican @BikoKonstantin1 I opposed this change when it wasn’t indexed. Without indexation these changes eventually capture everyone.

But the protests work and the cap is indexed as it should be.

I support this nominal additional tax.

[Richard Ings : Renewable Energy Beneficiary @ringsau]

@AustRepublican @BikoKonstantin1 the law passed in March? Funds in super IN EXCESS of $3m will have any growth taxed at 30%. And the $3m is indexed. The tiniest % of people have $3m plus super balances. And 30% tax is still less than the top marginal rate.

And it goes to general tax revenue.

It’s a good tax

[Richard Ings : Renewable Energy Beneficiary @ringsau]

@AustRepublican @BikoKonstantin1 Correct me if I’m wrong!

There is no law allowing government to cream off a % of returns you get on super investments. None. Zero. It’s taxed at 15%. That’s the law and there are no plans to change that. And any government trying to would get smashed.

So stop scaring people.

[Richard Ings : Renewable Energy Beneficiary @ringsau]

@arbsmichael @QBCCIntegrity Well said. Declaring a voting intention before even knowing who your candidates are or what they stand for is perplexing blind faith.

[Richard Ings : Renewable Energy Beneficiary @ringsau]

@dazzee53 @Heathcliff8789 I agree that the Liberals are finished as a political force and that ON will at the next election or the one after win sufficient seats to be opposition.

But until I know who my local candidates are and what they stand for, no party yet has my vote.

[Richard Ings : Renewable Energy Beneficiary @ringsau]

@JillMarinelli1 The biggest driving day of the year. This charger is always busy. It’s a shame these drivers didn’t play ahead to stagger their trip. They could have charged and avoided traffic. There are chargers before this one and after on the Hume. Yass has 12.

[Richard Ings : Renewable Energy Beneficiary @ringsau]

@TaxPawspective @Goalkickingguru It’s called TR. total remuneration. And yes I have. It’s sneaky when companies do that. As the super component isn’t salary but a government imposed cost on the employer.

[Richard Ings : Renewable Energy Beneficiary @ringsau]

@TaxPawspective @Goalkickingguru The difference with self employed super is that you are paying it to yourself. You can’t add super to yours invoice to a client. But employer super is extra on top of salary. I’m happy with the current system. I’ve been self employed for 15 years. And I choose to pay myself super

[Richard Ings : Renewable Energy Beneficiary @ringsau]

@TaxPawspective @Goalkickingguru Everyone has different risk profiles. But if costs of housing and rent are biting the answer is to address that. Not rob people of retirement savings.

Also to avoid SGC contributions one path is to contract employment or be self employed. You can avoid super all together there.

[Richard Ings : Renewable Energy Beneficiary @ringsau]

@Goalkickingguru @TaxPawspective I don’t knock back pay rises.

But with every pay rise my employer is contributing 12% on top of my salary to super

And it’s taxed at 15% not 32.5% plus 2% Medicare levy if I took it as income.

You would hand $2,754 in extra tax to Albo if you took super as income instead