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Manoj Thanks for the reminder See you there Cheers Bill

The SMSF would have operating costs of around $1500 If you leave your money in an industry super fund you'll pay a similar amount in fees when your super balance is $200K http://www.australiansuper.com/about_join-australiansuper_low-fees.aspx If you have less than $200K you are...

You can't do this anymore

piston get off the scotch mate :D

Wylie IMO both strategies can work. I agree with Alex that while people are in accumulation phase and have high wages they can gear better outside super so they can build up their portfolio quicker. Once they have a sizeable portfolio ticking away, they could change strategy and look at...

Yes but there are restrictions http://www.treasury.gov.au/documents/367/HTML/docshell.asp?URL=splitting-05.asp

Hi Manoj People often do what they know works and not necessarily what works best for them. Thanks for sharing your ideas with us. If you organise any more of those SMSF seminars please come back and let us know because there will be some people here who would like to attend. Or you...

I agree 100%

Manoj can help you structure your portfolio but from memory he's charging over $250/hour. Send him a PM and ask him, maybe he can take on the challenge for free ;)

Thanks I didn't think of gearing shares and doubling the quantity. not a bad idea for those who can tolerate market volatility. cheers

Hi Manoj I'm confused on 1 issue. How does an IW of CBA give you twice the 30% tax credit? cheers

The pension age could be raised even further if they have no money to pay people's pensions but we are not talking about them. The plan is for us to become self funded retirees so the government's age pension is of no value to us. Btw the age we can access our super tax free is 60 yo but...

Thanks Mike I'll give them a call Cheers

No because to get $100 cash you will need to earn $171 before tax. So with Manoj's thinking we are better off borrowing the $100 to pay for the dinner (and pay 6% ongoing interest) and put our 171 pretax $ into our super instead. If we are 50 years old by the time the borrowed $100 has...

Hi Mike Is this something new? How do I add it to my STG loan? cheers

Hi Manoj Many thanks for the explanation, this is good stuff. When you mentioned shares you used the acronym IW of CBA What's IW And in your last example you used the acronym SG What's SG? Cheers Bill

Intrinsic_Value Nice analogy there, I'm almost fully invested but not heavily invested so I can't sink ;) I also have income protection, life insurance, money in the offset account and I still have cash in super for that hardship clause..... Like most people these days I want my...

JIT I would be interested to know as well I guess we could use negative gearing plus depreciation and fully franked dividends to offset some of the tax Yes, I'm less leveraged these days because I'm 49 yo and I can't afford to get it wrong, I also have sizeable loans and I feel that my...

Hi Manoj You are telling me what I want to hear but we both know that the opportunity cost will be very high. I think I'll get over my attraction to expensive cars by renting 1 instead ;) cheers

Manoj You're right, CGT is a killer I was going to sell 1 IP this year (my old PPOR so there is no CGT) and the plan was to pay down debt but now you've got me thinking. I think I should lend some of the cash to my SMSF to use as a deposit for 1 more IP and the rest I'll use it to...