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Yep - they sure did benefit!

Whether you buy insurance inside or outside of super they are still making fees. The retail super funds are making a fortune, often exploiting young people who don't look at their statements, but the member can make a choice to move to a lower fee fund or set up a SMSF.

You could access it at 30 if you meet a condition of release such as temporary or permanent disability. But generally it would be 55 to 60 depending on your age.

These sorts of statements about super are common. It is true to an extent )(its currently 55-60 before you can access) but: 1. If you knew you were going to get access to a large sum of money at X years of age this would allow you to 'retire' earlier as you could draw down on your capital...

No, I meant if your agreement takes the form of a sub trust, or if you or your brother 'bought' the other out of the trust. I hate to see someone wind up a testamentary discretionary trust. Hope you have sought proper advice.

Be careful - making agreements like that could be a CGT event. Perhaps 2 separate trustees could own the house to keep each half under the threshold. A SMSF is a trust so when a member dies the trust assets (i.e. the house) doesn't to to anyone. It stays in the trust which continues as...