This whole arguement on imputation refunds really annoys me.The...

This whole arguement on imputation refunds really annoys me.

The fact is the approach proposed by labour is a blunt instrument, poorly formulated. The problem they are trying to solve is the increasing number of people entering the “tax free” period of life when they are in a pension phase. This is the elephant in the room and they need to address it directly.

Re-intoducing either a flat 15% tax in pension phase or even a phased marginal approach ranging from 5-15% would save the budget problem and in my mind be seen as fairer. Taxing income received from different sources differently, inherently creates loopholes and it is always the rich that are able to utilise these best. Btw i am and will be affected by both approaches but i have never been able to justify in my mind the tax free pension income concept.

However my approach does by extrapolation question the capital gains tax discount concept and tbh i have never understood why that has better tax treatment over savings in a bank account. The justifications are always around supporting housing construction and the stock market, but really ? 

All just imho