One of the newsletter's I subscribe to is a useful canary.
http://www.moneymorning.com.au/
I was somewhat alarmed reading this in today's mail:
Supports what I've feared for a while and considering a number of people here have self-managed super funds in property, what is your perspective on this? Is a stand alone rental portfolio a better basket for the eggs than super funds?
http://www.moneymorning.com.au/
I was somewhat alarmed reading this in today's mail:
As a refresher, we pointed out that two jumped-up boffins from the University of New South Wales had presented a submission to Emperor Ken Henry's tax review panel recommending that a "compulsory" government provided annuity was the most "efficient" way to provide for retirement.
It would mean that the hundreds of thousands of dollars, or even millions of dollars that you've accumulated in your superannuation fund would be compulsorily acquired by the government on your retirement and in return you would get an Aged Pension MkII.
The worst thing about it is that it was a commissioned submission. In other words Emperor Henry selected the two profs to come up with this report. So we can safely assume it's in line with what the Panel has in mind.
Supports what I've feared for a while and considering a number of people here have self-managed super funds in property, what is your perspective on this? Is a stand alone rental portfolio a better basket for the eggs than super funds?