"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
$3.94 |
Change
-0.065(1.63%) |
Mkt cap ! $11.94B | |||
| Open | High | Low | Value | Volume |
| $3.97 | $3.98 | $3.92 | $27.00M | 6.825M |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 33 | 142874 | $3.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
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| $3.94 | 115652 | 50 |
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| Last trade - 13.40pm 24/05/2024 (20 minute delay) ? |
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Last
$3.94 |
Change
-0.065 ( 1.94 %) |
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| Open | High | Low | Volume | ||
| $3.97 | $3.98 | $3.93 | 1914005 | ||
| Last updated 14.01pm 24/05/2024 ? | |||||
| PLS (ASX) Chart |