Bill Shorten lies about super

[billy the kid]

Start your own super portfolio.

That won't prevent the robbery.
In any case you need at least $500K to make it worthwhile
plus some expertise.
I have neither.

I don't think there is a required minimum. $200,000 is a suggested guide but it's still only a guide.

BO,
the auditing fees for a SMSF are at least $1,700 per annum.
That's not the only cost.

https://www.canstar.com.au/superannuati ... udit-fees/
Well no...the audit fees are less than that...there is an annual ATO "fee" also..called a "supervisory levy"
https://www.ato.gov.au/Rates/SMSF-super ... ial-years/

[Bobby]

Start your own super portfolio.

That won't prevent the robbery.
In any case you need at least $500K to make it worthwhile
plus some expertise.
I have neither.

I don't think there is a required minimum. $200,000 is a suggested guide but it's still only a guide.

BO,
the auditing fees for a SMSF are at least $1,700 per annum.
That's not the only cost.

https://www.canstar.com.au/superannuati ... udit-fees/
Well no...the audit fees are less than that...there is an annual ATO "fee" also..called a "supervisory levy"
https://www.ato.gov.au/Rates/SMSF-super ... ial-years/

Thanks - that's a lot lower than a financial advisor told me.

[sprintcyclist]

Make no mistake, Bill Shorten's tax hikes aren't the bold micro-economic reforms of Paul Keating and Bob Hawke which had the nation's best interests at heart. They are cruel tax hikes on Australia's middle class, and they will hurt all of us.

Raising the CGT by 50 percent to make it one of the western world's highest, and abolishing franking credit refunds, will devalue Australian shares and make this country a less attractive place to invest in. The failure to index income tax thresholds to inflation means that the CGT hike will actually result in many Australians failing to receive compensation for even inflation on the value of their assets. How is this fair?

Independent research also shows that abolishing negative gearing, even with proposed carve-outs for new construction and grandfathering arrangements, will raise rents in capital cities by between 10 and 23 percent while undermining the retirement security of many Australians. Young, working people, are set to be the worst affected by this.

Australian families will also be slammed by hidden carbon taxes of $326 a ton which will lead to 330,000 fewer jobs, and reduce annual earnings for workers by $9,000- per independent estimates.
With the continued support of hardworking taxpayers like you, we will continue to fight against these ill-advised policies that threaten all of us.

History shows us that its very course can be changed when dedicated individuals mobilise behind a greater cause and make their voices heard in the corridors of power. So make sure you download the Australian Taxpayers' Alliance App on your mobile, and be a part of our story as we fight to Stop Shorten's tax hikes and preserve the nation's prosperity. With some great rewards on offer for your support, this is a one-of-a-kind tool that will revolutionise the future of Aussie campaigning.