budget super, page-13

Going to have to respectfully disagree etherazer!!

it is not an equitable situation where someone can have a $5m asset and someone have no assets and they receive the same payment. Not sure what the final answer is, but I believe that wasnt a bad idea!!!!!

Sabbath, have a look at this link;

http://www.humanservices.gov.au/customer/services/centrelink/age-pension

Pension would cut out completely at $1,126,500 for a couple that own their own home.
Now add the value of some personal residences and you can see how multi millionaires can recieve some pension. The problem is that these guys will be generally asset rich and cash or cash flow poor.