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Offline scud

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The country is going down the toilet, the debt will only rise and will never be paid back.



Offline robertb

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Good point, even if it is not entirely correct as there is one instance where they CAN get at it.
When you are in the retirement phase and drawing a pension income stream from the SMSF, your creditors can get to that. This is why you need to make sure your trust deed allows the trustee (normally you) to stop or minimise the amount paid out.
interesting as I'm in that mode and i just draw it and put it back in as do most .



Offline mhh

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The country is going down the toilet, the debt will only rise and will never be paid back.

The debt will be paid back alright - by you and me.



Offline mondi

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The debt will be paid back alright - by you and me.

Oh cool so you are paying my share as well???   :D



Offline robertb

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I'm glad I'm the age I am, I'd say the generations coming through their quality of life and freedom will not be like ours .

They will as I've often said become the most worked most tax generations going forward ,all due to Governments that outspend there revenue year in year out.



Offline robertb

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The debt will be paid back alright - by you and me.
death duties?



Offline scud

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The debt will be paid back alright - by you and me.
not me, i don't earn enough.

gunna reduce my wage, use more franking credits.



Offline mhh

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I'm glad I'm the age I am, I'd say the generations coming through their quality of life and freedom will not be like ours .

They will as I've often said become the most worked most tax generations going forward ,all due to Governments that outspend there revenue year in year out.

Good. Serves them right for being young and good-looking.



Offline 360c

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interesting as I'm in that mode and i just draw it and put it back in as do most .

That was one of the tactics they were going to stop.



Offline mondi

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Good. Serves them right for being young and good-looking.


So what do you get if you're old and good looking??????      :scratchchin:



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