that income is CPI indexed for life.... my aunty lived till she was 106... life expectancies are going up all the time
and its CAPITAL GUARANTEED
that 700K you talk about isnt so flash then !!! in the light of the real benefit of the ozzie age pension
and dont tell me people paid their taxes and therfore desrve the age pension... their taxes of yesteryear dont come anywhere near funding such an annuity !
