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Me too, but I don't recall that being advised. I certainly did not. Again I would never advise this, but in today's markets who could say a pensioner who keeps cash in a safe, low yielding, bond is deliberately avoiding income? [different scenario for sure]. This is why there is the concept of...

Unbelievable!!!!!!!! Are you saying you can plan your tax affairs but someone's Mother is not entitled to plan her retirement? Many a slip twixt cup and lip.

I think you will find Pixie, that if the money goes into a bank account the ATO will have an interest in the ACTUAL income earned but as someone said, it's unlikely to exceed the threshold. CentreLink will have an interest in net asset value and will calculate DEEMED, or notional, income...