😱 Imagine being caught off guard with massive extra taxes by a government that was not elected for tax increases?
Then .. imagine you've saved hard to build your super.
Then .. imagine you just paid an accountant thousands of dollars to set up an SMSF to take control of your family's retirement. You might as well have burned that money instead.
These are realities for clients.
📢 Yesterday's shock announcement banning SMSF LRBA (loans) is a disappointing outcome for everyday Aussies who've chosen to take control of their own retirement. Now, their choice has vanished.
👪 This policy doesn't actually target "the wealthy" as they say. It targets mums and dads trying to build financial independence so they don't rely on the age pension in retirement.
This concession was extracted by the Greens, who have long favoured industry super over self-managed funds. The question - why?
Some call the suite of changes "Toxic Taxes". Some say they are "Anti-Investment" and "Anti-Aspirational".
What do you think?
James Brett. Principal Mortgage Broker ☎️ 0439 591 759
Victor Simone. Principal Mortgage Broker ☎️ 0449 659 029
Nermalee Bowe. Senior Mortgage Broker ☎️ 0431 274 554
Dragan Disljenkovic. BD & Relationship Manager ☎️ 0422 435 900
Credit Representative Numbers 521733, 550284 & 547037 are authorised under Australian Credit Licence 389328
