"I retired early and spend my time trying to figure out how to avoid the tax that the ALP want to wack me with for having a SMSF balance that exceeds their cap for what they regard as excessive wealth."
Lucky you! That cap is not indexed and, at 3.5%pa average inflation, $3 million in real terms halves every 20 years. In 40 years time my granddaughter will have an untaxed limit equivalent to 2024 dollars of $750,000 for her entire post retirement benefits (and likely with an increased life expectancy). In effect the ALP is legislating superannuation out of existence.
Good News & Bad News, page-40402
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Last
$2.93 |
Change
-0.055(1.85%) |
Mkt cap ! $8.894B | |||
| Open | High | Low | Value | Volume |
| $3.00 | $3.01 | $2.92 | $19.65M | 6.640M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 125828 | $2.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.93 | 258116 | 46 |
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| Last trade - 11.26am 29/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |