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Just to also throw out there too... so if it is a combined account, and it assuming the threshold is applied X 2 100K thresholds, What happens if a partner dies... The 4 mil combined account would then mean the partner left would then be subject to tax immedialtely or that financial year. (so...

100K a year tax free (Per person) That is a heck of a lot of money for today if you have paid off your home loan and have no outstanding debts! so if your a couple, you could effectively boost your partners account if your over the 100K per annum, in order to reduce your tax on the higher...