I have a couple of years before I reach 65 and as governments keep changing the goal posts I am being placed into a corner to do a lot of the heavy lifting myself
My idea at present is that both myself and wife will have the $18,000 odd tax free threshold plus the low income rebate LILO which will mean the dividends + f/credits for those amounts will be tax free. F/credits returned.
Those shares will be deemed by centrelink up to 3.5% now for us exactly as the same fund amount producing an allocated pension would also be deemed up to 3.5% .Both lots would be asset deemed the same after 2015... Cost neutral...
The rest of our capital into allocated pensions whereas the fund amount will be assessed and the A/Pension deemed and/but it will be ATO tax free .
The plan is to have some safety outside of super with our own shares , some in super and some under the mattress...
If you can see any faults with my plan please post...this may be redundant in a few years as I can see more goal post moving...
