Quote Originally Posted by fungus pudding View Post
And there are plenty who have found that the IRD consider their conduct to be taxable income. As I said - make a habit of it, or try living off it, and you'll be likely to get a visit from a very nice man for a wee chat. It might even be a woman who turns up. They're equal opportunity employers now. Isn't that nice.
I do get your point but consider this
You amass, over 10 years say, $2mil in capital.
At 60 you decide to retire and take out $100k/yr for 20 years.
Would that be taxable and why?

If, while taking out that money, growth returned more than the 5%/annum that you are taking out would that make a difference to the scenario?