"'We will do fraud' say SMSF sector" is such a compelling public policy argument.
May 31, 2025 at 5:11 AM
"'We will do fraud' say SMSF sector" is such a compelling public policy argument.
Don't mind, me, I'm just getting the trumbils ready
June 25, 2025 at 1:40 AM
Don't mind, me, I'm just getting the trumbils ready
BREAKING
Australian Financial Review reports that retired couple with 4 million dollar SMSF devastated by news of 0.25% interest rate cut, saying that they will only be able to afford one Viking European Cruise this year
Australian Financial Review reports that retired couple with 4 million dollar SMSF devastated by news of 0.25% interest rate cut, saying that they will only be able to afford one Viking European Cruise this year
February 18, 2025 at 5:24 AM
BREAKING
Australian Financial Review reports that retired couple with 4 million dollar SMSF devastated by news of 0.25% interest rate cut, saying that they will only be able to afford one Viking European Cruise this year
Australian Financial Review reports that retired couple with 4 million dollar SMSF devastated by news of 0.25% interest rate cut, saying that they will only be able to afford one Viking European Cruise this year
Just spent 2 hours working with my husband on SMSF tax info. I deserve a medal.
January 27, 2026 at 10:14 AM
Just spent 2 hours working with my husband on SMSF tax info. I deserve a medal.
With an average 5% annual rate of return on a superannuation fund, for a normal worker to reach $3M in super from age 18 to 65, you’d need:
Avg salary: $389,596 (every year)
Lifetime earnings: ~$18.3M
Or, maybe you just used your SMSF as a tax minimisation scheme.
#auspol #Superannuation #SMSF
Avg salary: $389,596 (every year)
Lifetime earnings: ~$18.3M
Or, maybe you just used your SMSF as a tax minimisation scheme.
#auspol #Superannuation #SMSF
The truth about the big end of town wailing about how Labor’s super changes will affect those poor wealthy folks.
It’s more likely to affect the ultra wealthy who use super funds to hide enormous wealth & not those at the lower end at $3m.
michaelwest.com.au/attack-on-su...
It’s more likely to affect the ultra wealthy who use super funds to hide enormous wealth & not those at the lower end at $3m.
michaelwest.com.au/attack-on-su...
“Attack” on superannuation just fat-cat crocodile tears - Michael West
The furore over the superannuation changes in the fossil media is grossly overcooked. The changes only affect the wealthiest.
michaelwest.com.au
May 26, 2025 at 10:47 AM
With an average 5% annual rate of return on a superannuation fund, for a normal worker to reach $3M in super from age 18 to 65, you’d need:
Avg salary: $389,596 (every year)
Lifetime earnings: ~$18.3M
Or, maybe you just used your SMSF as a tax minimisation scheme.
#auspol #Superannuation #SMSF
Avg salary: $389,596 (every year)
Lifetime earnings: ~$18.3M
Or, maybe you just used your SMSF as a tax minimisation scheme.
#auspol #Superannuation #SMSF
Spend it, you greedy pig.
May 6, 2026 at 1:39 AM
Spend it, you greedy pig.
Shit I had one of those. Should started an SMSF with tees as an asset class.
July 1, 2025 at 10:10 PM
Shit I had one of those. Should started an SMSF with tees as an asset class.
Nothing. Not a cent. Zip. Nada. Big fat zero. There's about 19 million people with super and this effects about 65 thousand people with balances of more than $3 mill (and even then it wouldn't require you to do anything unless you have an SMSF.)
June 9, 2025 at 6:25 AM
Nothing. Not a cent. Zip. Nada. Big fat zero. There's about 19 million people with super and this effects about 65 thousand people with balances of more than $3 mill (and even then it wouldn't require you to do anything unless you have an SMSF.)
For others who may not be aware of how eyerolly this can get - the farm is purchased by an SMSF from a holding company, using loans from a family trust, leased out to a secondary company, employing the very farmers that own the holding company, the SMSF, the family trust and the secondary company.
May 23, 2025 at 4:41 AM
For others who may not be aware of how eyerolly this can get - the farm is purchased by an SMSF from a holding company, using loans from a family trust, leased out to a secondary company, employing the very farmers that own the holding company, the SMSF, the family trust and the secondary company.
To think they laughed at me when I set up a SMSF full of hammerheads
June 5, 2025 at 3:06 AM
To think they laughed at me when I set up a SMSF full of hammerheads
IT IS HUMID IN MELBOURNE. THIS SUCKS. I AM BUYING TASMANIAN MANGO FUTURES WITH MY SMSF.
February 27, 2026 at 9:12 AM
IT IS HUMID IN MELBOURNE. THIS SUCKS. I AM BUYING TASMANIAN MANGO FUTURES WITH MY SMSF.
Going to make an offer to buy half of Tasmania with my 1.6 billion dollar SMSF
Tasmania's pre-election financial outlook (prepared by public servants) says state debt in 2028 will be 30% higher than forecasted in the Liberal state budget last month
www.abc.net.au/news/2025-06...
www.abc.net.au/news/2025-06...
Tasmanian debt to be $3 billion worse than Liberal projection, Treasury finds
The blame game begins after Tasmania's Treasury finds the 2028 state debt will be $3 billion worse than predicted in the May state budget.
www.abc.net.au
June 26, 2025 at 12:29 AM
Going to make an offer to buy half of Tasmania with my 1.6 billion dollar SMSF
You can essentially rotate capital to reduce almost any possible tax to zero, including capital gains tax on unrelated investments held within the SMSF. It's a fuck'n rort.
May 23, 2025 at 4:44 AM
You can essentially rotate capital to reduce almost any possible tax to zero, including capital gains tax on unrelated investments held within the SMSF. It's a fuck'n rort.
Which is why there should be taxes on unrealised capital gains, because these greedy pricks are not using super for their retirement but to AVOID PAYING TAX
Reminder - they are not self-funded retirees, they are tax-break funded retirees.
Reminder - they are not self-funded retirees, they are tax-break funded retirees.
December 10, 2025 at 10:30 PM
Which is why there should be taxes on unrealised capital gains, because these greedy pricks are not using super for their retirement but to AVOID PAYING TAX
Reminder - they are not self-funded retirees, they are tax-break funded retirees.
Reminder - they are not self-funded retirees, they are tax-break funded retirees.
No disrespect intended to Dr Sally (who I adore) but I suspect quite a lot of people in Australia aren't overly familiar with self-managed super funds
The wealthy use them to park money and then re-use the assets in the SMSF for their own purposes. $3 million isn't pay-as-you-go contributions
The wealthy use them to park money and then re-use the assets in the SMSF for their own purposes. $3 million isn't pay-as-you-go contributions
Ok hands up
Who among you Aussies has more than $3m in Super?
What did you do for a living?
Who among you Aussies has more than $3m in Super?
What did you do for a living?
May 23, 2025 at 2:30 AM
No disrespect intended to Dr Sally (who I adore) but I suspect quite a lot of people in Australia aren't overly familiar with self-managed super funds
The wealthy use them to park money and then re-use the assets in the SMSF for their own purposes. $3 million isn't pay-as-you-go contributions
The wealthy use them to park money and then re-use the assets in the SMSF for their own purposes. $3 million isn't pay-as-you-go contributions
"My SMSF is over $3 million. How should I prepare for the new tax?"
Set up a bank transfer to pay it?
Set up a bank transfer to pay it?
May 6, 2026 at 3:45 AM
"My SMSF is over $3 million. How should I prepare for the new tax?"
Set up a bank transfer to pay it?
Set up a bank transfer to pay it?
"We have $8M in a SMSF. How can we avoid the new super tax?" – SMH
"You could hardly find a more pointed example of what's wrong w/ Australia’s economic system,
"We don’t have dental in Medicare because we subsidise inheritance of the wealthiest" @grogsgamut.bsky.social
theaus.in/grogonomics-...
"You could hardly find a more pointed example of what's wrong w/ Australia’s economic system,
"We don’t have dental in Medicare because we subsidise inheritance of the wealthiest" @grogsgamut.bsky.social
theaus.in/grogonomics-...
June 27, 2025 at 1:40 AM
"We have $8M in a SMSF. How can we avoid the new super tax?" – SMH
"You could hardly find a more pointed example of what's wrong w/ Australia’s economic system,
"We don’t have dental in Medicare because we subsidise inheritance of the wealthiest" @grogsgamut.bsky.social
theaus.in/grogonomics-...
"You could hardly find a more pointed example of what's wrong w/ Australia’s economic system,
"We don’t have dental in Medicare because we subsidise inheritance of the wealthiest" @grogsgamut.bsky.social
theaus.in/grogonomics-...
What’s that? You only have $800,000 in superannuation savings?
Gosh, how sad that’s still four times the median for 65–69 year old Aussies.
And with a paltry $595,000 in savings can generate a “comfortable” lifestyle in retirement with $51.8k in income a year.
Perspective, people.
#auspol #SMSF
Gosh, how sad that’s still four times the median for 65–69 year old Aussies.
And with a paltry $595,000 in savings can generate a “comfortable” lifestyle in retirement with $51.8k in income a year.
Perspective, people.
#auspol #SMSF
June 7, 2025 at 1:43 AM
“Well I think that Dutton’s policy of giving tax write offs to small business for entertaining clients is a great idea.”
“So I’m assuming it’s your shout Gillie? From the family trust fund account, the SMSF, the hedge fund or your small business account?”
“So I’m assuming it’s your shout Gillie? From the family trust fund account, the SMSF, the hedge fund or your small business account?”
January 20, 2025 at 7:33 AM
“Well I think that Dutton’s policy of giving tax write offs to small business for entertaining clients is a great idea.”
“So I’m assuming it’s your shout Gillie? From the family trust fund account, the SMSF, the hedge fund or your small business account?”
“So I’m assuming it’s your shout Gillie? From the family trust fund account, the SMSF, the hedge fund or your small business account?”
Quote from Tax Office website:
'The sole purpose of your SMSF is to provide retirement benefits to your members, or to pay death benefits if a member dies before retirement.
To be eligible for the tax concessions normally available to super funds, your SMSF must meet the sole purpose test.'
'The sole purpose of your SMSF is to provide retirement benefits to your members, or to pay death benefits if a member dies before retirement.
To be eligible for the tax concessions normally available to super funds, your SMSF must meet the sole purpose test.'
June 25, 2025 at 12:29 AM
Quote from Tax Office website:
'The sole purpose of your SMSF is to provide retirement benefits to your members, or to pay death benefits if a member dies before retirement.
To be eligible for the tax concessions normally available to super funds, your SMSF must meet the sole purpose test.'
'The sole purpose of your SMSF is to provide retirement benefits to your members, or to pay death benefits if a member dies before retirement.
To be eligible for the tax concessions normally available to super funds, your SMSF must meet the sole purpose test.'
Exactly - nobody pays attention to SMSF, at least not in any detailed way
May 23, 2025 at 4:13 AM
Exactly - nobody pays attention to SMSF, at least not in any detailed way
"Bev and Ray Norman have a combined super balance of around $5.5 million. Assuming their fund's value continues to grow they'll soon be impacted by the changes."
so add your children to your SMSF.....you can have up to 6 people as beneficiaries of a SMSF
that puts the threshold to $18million
so add your children to your SMSF.....you can have up to 6 people as beneficiaries of a SMSF
that puts the threshold to $18million
June 24, 2025 at 9:55 PM
"Bev and Ray Norman have a combined super balance of around $5.5 million. Assuming their fund's value continues to grow they'll soon be impacted by the changes."
so add your children to your SMSF.....you can have up to 6 people as beneficiaries of a SMSF
that puts the threshold to $18million
so add your children to your SMSF.....you can have up to 6 people as beneficiaries of a SMSF
that puts the threshold to $18million
I can tell you at least 10 families I know of personally, very well in fact, who use their SMSF for whatever asset investments they choose to benefit them
The idea that people of wealth do not regularly do this is fanciful
The idea that people of wealth do not regularly do this is fanciful
May 23, 2025 at 3:03 AM
I can tell you at least 10 families I know of personally, very well in fact, who use their SMSF for whatever asset investments they choose to benefit them
The idea that people of wealth do not regularly do this is fanciful
The idea that people of wealth do not regularly do this is fanciful
I'm more surprised that less people know that lots of people with million $+ SMSF also have Works of Art and other Collectibles in their portfolios, as well as the farm.
#AusPol
#AusPol
June 4, 2025 at 2:38 AM
I'm more surprised that less people know that lots of people with million $+ SMSF also have Works of Art and other Collectibles in their portfolios, as well as the farm.
#AusPol
#AusPol