Re: Legal theiving
Here in Oz they have what is called SAPTO (seniors and pensioners tax offset) of $57948 per year. Tax is paid on dividends, Pension. If you fall below this threshold then no tax is paid for a couple. Also any NHI pension from the UK if assessed under the income test for the Oz pension is reduced by 0.50 in the dollar over the allowable income limits. Yes both the sheriff and myself end up having to pay tax each year simply because we get more than the threshold which I think puts us in the lucky basket thankfully. Sure we could have cut out paying any tax if I had kept my superannuation and used it as a pension. Consider that I made the right move that suits us just fine as have more control over finances. Always stated when working that why the feck should I pay someone to look after my money and control it after I had worked this long doing it myself and accumulated what I have. My logic is to complicated to bore you with in this post. Simply means that I have total control still and have not looked backward since doing it over a decade ago. Biggest teacher for me was the GFC as it taught me how shares work.
That's the way the mop flops.
My thanks to Brian for this site.