SMSFs provide very little flexibility in your investing decisions.
Also you pay tax before the money goes in. You pay tax when the money goes out. People who've avoided the latter can't expect it to continue indefinitely. I've been realistic about the fact that with a bottleneck of boomers retiring, something had to give on tax policy. It seems inevitable that it will be much harder to become eligible for a pension or part pension.
I think that is only just and right that a person who worked all their life can pass that on to their children without the government tearing it apart.
Welll....most other countries look on issues of social equity and impose inheritance taxes. We're an exception. I think the problem with Australia is we've started out with a reasonably fair and equitable nation and now we've let speculation fueled by tax breaks and low interest rates, kill that off. Even children with an inheritance have to buy into an over-inflated property market. It's a mess to be honest.
