Labor to scrap franking credit refund...This will be front page news today...., page-125

Personally , looking back super was a con job to extract extra money from workers by governments making promises that they now find they are having difficulty in honouring. Extracting the super guarantee kept workers working, inflation under control and various super funds awash with cash.

To buy an indexed annuity equivalent to the pension would cost a couple around $500K last time I checked not counting the extra benefits such as the health card ,utility discounts etc.

So the Australian aged pension is well worth having.

Quite a few people are achieving eligibility for some form of pension by buying a more expensive house. AS we know,the primary residence is exempt from the means test.

This gives the outcomes of pension eligibility, in most cases an asset that appreciates strongly in a tax free environment, a better lifestyle and a simple tax free estate to pass on.

Australia is one of the few countries where many government aged pensioners live in a house worth over $2M., no worries

Many people now believe this is the way to go.