Hi Baxternce transferred into the super fund hard to get out unless in the pension phase which I assume yours is.They are getting stricture on these things now hat super is under the auspices of the ATO.
One of the first actions of labour if the get in will be to order the Tax office to rape and pillage SMSFs for any perceived indescretion. Grab the money and ask questions later like the raid on people with disability and welfare pensions.
Have a family trust also.It's useful to retain due to its flexability,but it all costs and labour will target these also.A company is probably the safest structure as it can retain profits,but with labour nothing is safe except poverty as there's nothing for them to get their hands on.
We've given excess fund to help the kids into owning their own homes.Soon they'll invent a tax for that also as "unearned gifts" as the best and brightest labour brains are working to extract money from us rather than growing the nation's wealth where we all benefit.
nce transferred into the super fund hard to get out unless in the pension phase which I assume yours is.They are getting stricture on these things now hat super is under the auspices of the ATO.
