FFS - you are paying less tax than just about anyone in your SMSF - at only 15%
Might I suggest you go away with your crap post and talk to your accountant
LOL - If you REALLY want to stop paying tax in your SMSF - wind it up and go to a fund - then you won't know about tax
PS - talk to the accountant who suggested you set it up in the first place
You really should not be posting this - if you have to ask questions like this you should not have an SMSF
As an Accountant and Tax Agent I really advise you to think if the strategy you have is what you really want
If you don't want to pay tax - go to the cash in hand economy - just don't whinge when you cannot get a mortgage when you have no records to substantiate your income
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Glen Diemar, MD
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