EXT 0.00% 1.3¢ excite technology services ltd

manipulation, page-26

  1. 86 Posts.
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    since someone earlier on the thread asked if anybody was old enough to know about super. I have a self managed fund set up by my accountant a few years ago. Best thing I ever did. If you are self employed and have a Company its simple. Every bit of profit I make goes into my super fund. You pay 15% tax on the way in. All of my share investing/trading is done in the super fund and you dont pay capital gains.

    And when I turn 60 in 18 months I can access the lot with no tax.

    Its worthwhile even if you are not a baby boomer if you want to start early.

    As someone said, get a good accountant (a straight one who you trust).

    EXT is a small dabble for me amongst a larger portfolio. I only buy small quantities of speccies, use a risk management approach.

    Just the same EXT seems a good punt. Good luck to all.

    DYOR
 
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