Marginal tax is not relevant to tax office. They only focus on average tax rate which is applied to full income.
marginal tax rate is interesting when it comes to financial investment decisions but for DA1 average tax rate matters
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Okay, I think our discussion is mostly philosophical.
My point was that you can somewhat choose how you allocate your dividend-bleeding investments between ETFs and Pillars, and it’s important to look at marginal tax rate. Tax office uses average tax rate, and it may be somewhat important to look at it also, especially past retirement.