I'm not sure personally....
http://blogs.news.com.au/moneystuff/index.php/news/comments/julia_get_your_hands_off_my_money/
http://blogs.news.com.au/moneystuff/index.php/news/comments/julia_get_your_hands_off_my_money/
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
Start a SMSF and convert the whole fund to a physical asset (e.g. Gold, art, classic cars)...there ain't nuttin' you can do if those fools start robbing us Peters to pay Paul.
Start a SMSF and convert the whole fund to a physical asset (e.g. Gold, art, classic cars)...
Start a SMSF and convert the whole fund to a physical asset (e.g. Gold, art, classic cars)...
I had a conversation with my accountant about this very thing 2 weeks ago as part of our end of financial year tax planning strategies meeting (sounds very corporate, hey? ).
He was suggesting starting one up, and was hinting at buying some form of managed fund type product as the vehicle for the SMSF to use...immediately the cynical mind in me went "alert, alert...sales pitch"...
Anyway, I'm onto the whole idea of SMSF, but haven't pulled the trigger on it as yet, and it will be with a vehicle that provides some form of rent/income stream returns..
No hurry for me given that bugger-all of our wealth is in our super or will come from it.
Anyway, I'm onto the whole idea of SMSF, but haven't pulled the trigger on it as yet, and it will be with a vehicle that provides some form of rent/income stream returns..
No hurry for me given that bugger-all of our wealth is in our super or will come from it.
tried to but hubby's is in a strong unionised company super fund (where he has worked for 30+) years ... not allowed to roll it over until he is over 55 - and that may change between now and then.
Bugger-all might be in super now, but down the track (preservation age) that is where you will want it.
- Bullet proof asset protection
- Tax free earnings
Sounds too good to be true.
Assuming there isn't a stock market crash 3 minutes before my super becomes mature and I can withdraw some of it.
Imagine the poor bar-stewards who retired 6 months after the GFC began.
I prefer to hedge my bet on it and put my trust in my ability to invest in other assets and tqake gains and profits along the way as they come.
Now I could be wrong here
what I have been told by a fund manager is the government needs to build roads etc.
it will borrow money from the super funds on a long term
paying the super funds interest. The government will get cheaper loans and the super funds will be able to invest the super in a more stable platform.
I stand to be corected if it is wrong thought
What I don't get is the Gov. want to tax the billyo out of self funded folks who are willing to forego claiming welfare when they retire...?
I got attacked over this in another thread where the discussion was centred around the top 15% should be entitled to some form of assistance in paying the way for the poorer folks.
Maybe I'm expected to give it back as I'm supposedly wealthy and can afford it...