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lu888

2,858 Posts.

26/11/15

22:56

Post #: 16489254
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Originally posted by baxtermcfaxter ↑

Not sure why you are happy about this....more red tape and more cost...are you being sarcastic ???
A lot of folk who are NOT rich decided to run their own family SMSF's because of the high costs of super fund administration and the involvement of unions . I use one to ensure my children who pay their own way into the smsf are properly looked after and are not ripped off , we also invest in what we consider appropriate without any super institution rules etc , this also keeps our money away from sticky fingered politicians .
This article bears fruit in the understanding that there are rip off merchants and high fee'd super institutions that want to get their greasy mitts on YOUR money mate.....my advice to you is better do some research , get your family members together and have a family pow wow....a good place to start would be Esuper website..they have some interesting and educational modules ...
if its not for you then fine ..if you do not educate yourself then ..the old saying " Ignorance is Bliss " would be down your alley...
I posted this for your sake and others....it is of no consequence what you do..I am SAFE

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Thank you baxtermefaxter,
I will pass it on my adult kids, how to follow the system and after you can enjoy super and age pension as 80% of Australian pensioners do.
Sorry I am beyond help, as an pensioner only perk I got is emirates golden membership and try to work out 183 days ruling.
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