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"Anyone got their 900 bucks yet?"
Wife and I just received our stimulus money. That’s $1800 paid off our PPOR mortgage today.
I don't have it yet but not a worry.Just wondering if anyone has received a present from Kevin Rudd into their bank account yet.
I'm talking about the $900 for taxpayers which was supposed to start getting paid yesterday. Not the family payments etc.
I don't have it yet but not a worry.
I'm 55yo with an SMSF and somebody has just suggested a strategy. Even at a younger age, this could give a longer term gain. But I don't know if I even have my facts correct. So if I'm not right, can someone please point me in the right direction?
.Put an extra $100 into the cheque
.Therefore have $1000 to put into super
.That makes you eligible for an extra $1500 co contribution from the government.
So I've turned $100 plus Rudd's gift into $2500.
Whatever age, that's an extra big bonus.
But, at 55, somebody has suggested to me that if I can structure some of my SMSF into a "Transition to an Allocated Pension" (TRAP) which I can draw on immediately.
Is this really possible?
.That makes you eligible for an extra $1500 co contribution from the government.