Spend your Super, get the Pension!

Australians of retirement age who have a tidy but not exorbitant retirement fund face a real dilemma - how do they deal with stricter pension rules coupled with low returns on cash investments.

At the very least, the taper rate needs to be reworked so as to ensure that our system does not encourage retirees to flippantly dissipate their superannuation savings in order to gain access to what, on current rates of interest at least, look like generous pension entitlements

Click to read the Full Article from the Tax Institute