Financial advisers claim many investors are for the first time considering alternatives to superannuation.
Financial advisers claim they are being swamped by pessimistic investors increasingly fearful about the government’s proposed tax increase on superannuationNew figures show about 50,000 members of self-managed super funds will beAdvisers claim many investors are for the first time considering alternatives to superannuation ranging from family trusts, companies and investment bonds to “giving it away” by bringing forward bequests to children and friends.
“It is also unfair for authorities to keep moving the goalposts when you make a decision on the current law at that time.” Business people like Dr Kapila, who own farms or other property in SMSFs, could face big tax bills if their assets have appreciated.
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