lu888,Because you don't seem to want to tell the full story,...

lu888,

Because you don't seem to want to tell the full story, then once again, I assume you are 48 years old (give or take a couple of years) and in F/Y 2011 you made a profit in your SMSF of approximately $70,000 which necessitated you having to pay tax of $10,000.

Okay, that's cool, maybe 10 - 15% return on your investments.
Can you maintain that in 2012? not a bad return, but even better if you had a whole host of franking credits.

I know a self funded retiree with a SMSF (in pension mode) who made some huge profits in 2011 (pays no tax) and his SMSF received a tax return of $22,000 courtesy of franking credits in blue chip investments.

Anyway, you seem to be complaining at having to pay tax on your super fund profits and not being able to get a gov't aged pension. Make every post a winner lu888 and you will not even need to consider a gov't pension.

All the very best in 2012