Hi Gang,
At present any assets held by one's Super fund are generally protected from Bankruptcy & litagation etc up to the RBL. With the proposed elimination of the RBL I wonder if ALL assets held by one's Super fund will be protected. I haven't seen any mention of how this will be dealt with in any recent literature concerning the changes.
Certainly Super is looking more and more attractive. Of course there is always the risk that a future Governement might make negative changes. However given the voting power of Baby boomers and retires I doubt it. But of course legislative risk is not just an issue for super. Negative gearing, Trusts and the like are also at risk. But again because of the grey vote Super is looking like one of the safer options in more ways then one for holding assets.
Cheers - Gordon
At present any assets held by one's Super fund are generally protected from Bankruptcy & litagation etc up to the RBL. With the proposed elimination of the RBL I wonder if ALL assets held by one's Super fund will be protected. I haven't seen any mention of how this will be dealt with in any recent literature concerning the changes.
Certainly Super is looking more and more attractive. Of course there is always the risk that a future Governement might make negative changes. However given the voting power of Baby boomers and retires I doubt it. But of course legislative risk is not just an issue for super. Negative gearing, Trusts and the like are also at risk. But again because of the grey vote Super is looking like one of the safer options in more ways then one for holding assets.
Cheers - Gordon
