Letters of the Week

Super injustice, the economic sharemarket mismatch, and watching BOQ.

As a 57-year-old self-funded retiree (TTR), for the past two years I have managed to live on a $37,000pa allocated pension drawn from my DIY super fund. I have also been entitled to a $1,220pa Low Income Offset. With a modest lifestyle I get by, and due to the 15% rebate I have effectively paid no further tax on the income drawn as a pension, (bearing in mind I paid 15% when contributing and 15% on the fund's earnings prior to moving to pension phase).



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