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25,389 Posts.

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05/11/18

13:48

Post #: 36392203
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Originally posted by Radicool: ↑

A couples full pension is way too high.

They receive an amount that is greater then the earnings capacity of $1 million.

If you take into consideration the closet investment equivalent to the risk factor of a pension, it would be getting the deeming rate.

The politicians keep waffling on about simplifying the tax system, so pay everyone a pension and simply pay your tax at end of the financial year - include the pension as assessable income for tax purposes.

Just use the pension as the tax free threshold for tax purposes.

Radicool Views

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$1 million dollars and the pension is about $34500 for a couple I suggest you talk to a financial planner if you think you can't do better than that.
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