"Wow these SMSF's are great things"
They are not bad, but like everything, there are some shortcomings IMO.
One thing to be aware is that once the Pension stage is established, one can not contribute any additional funds by personal contributions, the only way the fund can actually increase in value if the investment gains exceed the pension paid out.
One can establish additional Pension Funds but then then one will pay for multiple tax return and audits.
I find this impractical and hampering my super planning , while still at work and fund in Transition to Retirement stage.
Second drawback in my opinion is the estate planning part of super versus other investments.
Surviving spouse receives the super fund balance tax free, but adult income earning children beneficiaries can be required to pay tax on part or all of the balance of the fund, depending on the contributions composition.
has reported, page-12
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$35.33 |
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Mkt cap ! $109.3B | |||
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