Thank You for your input...Yes we are in pension phase , we get the health card only , no old age pension which is fine by me , I do pay tax on other investments outside super , I am not a drain on the system , I closed the family trust because of the BS from centrelink when I was getting the old age pension . There is a gift clause on the old age pension but not sure if there is one on only receiving the health card , must check , want to pay down some of the kids mortgages before they get hit with the oncoming rate increases..I suppose I could take a higher pension and duck shove the excess I dont need into their accounts by cash only.
Yes , seems changing the goal posts to steal more money . I can understand folk with off shore tax haven accounts , I dont condone that but I understand why...
My view is that the Libs used to want you to prosper so as they get more tax where as Labor want to grab as much as they can now , a tax on incentive...which is a short term money hit and but overall is non incentive ...why bust your balls to be raped and pillaged...
There are 700,000 SMSF personal accounts , the wise will be voting against Labor and its stealing of franking credits . Plans to exclude some that are on part /full age pensions , I mean can you trust them to hold that when elected ??
Stay healthy..cheers BAX
