Hi All, your thoughts and advice on the following greatly appreciated.
I am starting a SMSF through esuper in July. I have had to sell down my current first wrap super, which is happening through this month, so come July I will transfer cash from super approx 400k along with 200k non concessional contribution (this amount ok under new lifetime 500k limit) I will then start with 600k. I am retired so will go into pension mode. Will be looking for income in main from my smsf. Outside super I have 100k cash, 100k shares, and owned investment property returning 10k nett yr, meaning income outside super 18-20k yr using up my tax threshhold.
What are your thoughts on the 600k in smsf, I was thinking along the lines of 200k term deposit (low rates but safe) 400k ff div paying companies, likes of NAB, BEN, WAM, WLE, MOC, TGA, IFL, TLS, GNG. Your thoughts on these or others greatly appreciated. I have been trading mainly recources for 15yrs so as you would know had my ups and downs. Now its a tad different for me, looking to preserve and generate income.
Many Thanks
Bill
