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Tax on retirees, page-10

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arms

830 Posts.

9

05/04/18

10:01

Post #: 32233876
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Originally posted by BenGrahamReborn ↑

Arms,
I am imagining a scenario where I am 65, don't work, have a wife who also doesn't work.
So I think you are saying I could get the 58 k tax free. That's kind of what I thought but some other info on this thread is interesting too.
That's more than I need to live but means really I need a million bucks external to my house to not slide backwards - ie preserve the wealth and the totally self funded.
Better kiss the Bosses backside

Thanks All!

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One final point is that the income can be greater and still pay no tax, for example if the income was derived from fully franked dividends for example, that is if the rules don't change.
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