Over the last 2 1/2 years the money and assets I have seen moved into super by those with the assets is very substantial
assets that would never have been put into super because their potential value would have far exceed the RBL of the member and therefore taxed at the top marginal rates
these assets would have been left in companies or trusts where they would have been taxed at least at the discounted capital gains rate.
Between 10 or so higher wealth clients I deal with directly there would be at least $10mil of combined gains on investments combined now sitting tax free in super that prior to the changes would have been taxed
(I deal either directly or indirectly with about 40 SMSF)
and this wealth movement has been achieved over the last 2 1/2 years
what wealth do you think could be transferred over 5 or 10 years.
