Hi All, Posts above, all very powerful arguments for reform of the pension/superannuation system. Measures that would seem sensible would include the following, 1. restriction on lump sums 2. reasonable benefit limit 3. taxation of post 60 year old allocated pension payments[keeping the 15% rebate]
Plus maybe 4. family home to be counted in assets tests with a "reasonable value" threshold. 5. cleaning up the present work in "retirement" rort[although, probably, a sensible RBL would make this redundant].
