If you are a citizen, then a TFN, connected for life to every 3rd party financial transaction. Maybe an ABN too. Ditto.
All bank accounts, shareholdings, land and property holdings, reportable events, ie cash transaction over $9999,
bullion same etc, car sales, caravans ,boats , etc etc, on and on and growing. All the loop holes are tightening, closing.
You weren't very clear initially on the time factor, but hey!
"..cash to pay for your expenses until you need to go into aged care"
Well, how long is a piece of string. Do I need to cover 5,10,20 years till I pull the lever and enter aged care. Have I a RAD?
I guess if you've paid your own way all your life, you'll just have to keep your wits and keep doing what put you in this situation in the first place, now.
And if you are younger, you wanna think and act a bit this way while you can.
