Hi Tarvoid, What is it about where it is set now , that you find attractive? Does that mean where it was 4 years ago was bad ? Should it be indexed? On the family home , at what level should that be counted? Should the area the home is in make a difference, ie Sydney vs Perth? ie no pensioner gets to live within 10km of central Sydney, even if they have lived in the same house for the past 50 years?
On Super , is it good that someone with 1.6mill in pension phase in super taking out 100k per year pays no tax on that , despite a large part of that 1.6million being there because of a government subsidy ? If super forms a large part of you looking after yourself , unless you benefited from a bequest ,then the government contributed big time to your ''independence''. And in addition you can have another 400k in a term deposit , and also not pay tax on that?
The problem with your attitude on the aged pension , it introduces a whole range of complexities and anomalies which can be mostly solved by a proper, integrated , retirement system. It is also not viable in the long term. For peanuts , the aged pension is political currency that solves most of those problems. I might add , lots of countries where the aged pension is not means tested.
