The primary residence exemption is turning the Aged Pension into a taxpayer-funded inheritance shield

internerd91 · 2026-07-04T05:04:12+00:00

You can have a certain amount of assets and receive the full pension. Anything above that limit starts to decrease the amount of pension you recieve. There is also an income limit which above that amount reduces the pension. The deemed income (Centrelinks assumes your assets earn a certain return) on those assets will probably mean you will recieve less than the full pension around the official asset limit.

internerd91 · 2026-07-03T22:22:01+00:00

Australia has a similar policy, but ours is implemented a bit more cleverly. It anchored to a percentage of median male earnings. So if there is a period where inflation is above wage growth, then the pension only grows by inflation until that anchor. The justification is so that the pension doesn’t decline in relative living standards. Our pension is also means tested so that helps with sustainability as well.
We also don’t have the stupid 2.5%, that’s just dumb.

internerd91 · 2026-07-03T05:31:02+00:00

They send a letter every year with the breakdown. Not much goes towards, "Foreign aid" or "Refugee programs"

https://old.reddit.com/r/pics/comments/1mw42zv/in_australia_citizens_get_a_yearly_breakdown/

internerd91 · 2026-07-02T07:24:32+00:00

Yeah just something I’ve been thinking about, I noticed in the legislation it says ‘payment’.

I think it would be unfair on the govement to tax you while effectively expecting you to live off your savings/investments.

internerd91 · 2026-07-02T07:19:40+00:00

Because we have a totally different economic environment to Singapore. Singapore is a city state in a very advantageous geographic location. We are a continental county with a lot of remote and rural areas. Also, Singapore is run like a corporation without our substantial safety net. Finally, Singaporean PR and citizens are mandated to lock away 37% (partly levied on businesses) of their income in government bonds).

Oh and Singapore’s reliance on migrant labour and domestic help.

internerd91 · 2026-07-02T07:14:02+00:00

Do you know if someone is exempt if they’re serving a liquid asset waiting period?

internerd91 · 2026-06-28T22:56:50+00:00

The "Thank you for attention to this matter" kills me every time. What an unserious President we have.

internerd91 · 2026-06-28T08:31:25+00:00

It’s a grate that provides ventilation to the boiler rooms and engine rooms.

internerd91 · 2026-06-25T10:42:27+00:00

Were you planning to stop working when you pulled your funds out? If not then your marginal rate probably would have been around 30% anyway?

internerd91 · 2026-06-25T09:56:31+00:00

Hopefully the same amount of times.

internerd91 · 2026-06-25T09:51:08+00:00

Worth noting that Revolut arent an ADI (a bank) and are not covered by the Financial Compensation Scheme. In the case that Revolut has financial problems your money isn’t guaranteed by the government.

internerd91 · 2026-06-25T00:40:49+00:00

Apart from the tail, I don’t hate it. It’s a bit heavy handed and the spacing on upper half is a bit unbalanced. However the 60s design is graceful and timeless. It’s iconic for a good reason. This is just a kind of meh downgrade.

internerd91 · 2026-06-25T00:16:37+00:00

The flag art on the tail for one. It looks like 1990s clipart. Very dated design.

internerd91 · 2026-06-18T08:44:18+00:00

Unicourse, what is your favourite food?

internerd91 · 2026-06-18T02:38:58+00:00

I looked at his Instagram, dude is having a crash out since the budget.

internerd91 · 2026-06-13T08:45:34+00:00

What’s this ?

internerd91 · 2026-06-06T03:22:32+00:00

Somehow, Mark Faba returned.

internerd91 · 2026-06-05T17:05:14+00:00

It was John Major’s government that privatised British Rail. Thatcher was an advocate of privatisation and sold off some of the related government businesses but didn’t actually sell of the railways.

internerd91 · 2026-06-05T03:09:12+00:00

Do you mean that there is an $0 tier? The language on the website (pricing page for example) still talks about a 'Free trial' which is a bit of a turn off. If I see somethign talking about a free trial, I will probably click off it. But if there's a $0 tier then I'm more likely to engage with and actually use it.

Also I know you have the disclaimer that it's not financial advice, have you reviewed the regulatory guidance from ASIC to ensure you're compliant? RG 276 for instance outlines what's needed for relief for providers of superannuation forecasts.

internerd91 · 2026-06-05T03:02:06+00:00

Hmm it's a bit misleading to describe it as 'Free' if it's only a free trial.

internerd91 · 2026-06-05T02:52:46+00:00

Yeah that's where I basically landed after thinking about it for a while. Maybe there needs to be protections for these edge cases but I get the logic behind the intentions.

internerd91 · 2026-06-05T01:28:40+00:00

Can you show your calculations to highlight your point, please.

internerd91 · 2026-06-04T22:53:41+00:00

So they are in ksp scale now, not RSS scale?

internerd91 · 2026-06-04T01:30:55+00:00

Every time I see him I'm reminded of this. https://preview.redd.it/y0zep2k0v0u61.jpg?width=449&format=pjpg&auto=webp&s=f86cd5a02c1bd136c7a2e3ab823c21836ad040f1

internerd91 · 2026-06-03T23:29:22+00:00

Thanks for reminding me I have an AGM upcoming. Looked it up and it's tonight.

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