Oz is great when it's time to retire and draw your pension...with it's 'tax free' superannuation position on your pension...

But in the UK, when you draw your pension, its regarded as income... so it's taxed again!

So, in effect, you are paying income tax twice! Unless you used 'SMART' (save more and reduce tax) to offset taxable income at source...


Dark Red 4/4 80th Anniversary