Deena
Regular
Attention @Fact Finder , All that FF, and in addition I have had a response and discussion with my accountant regarding our previous discussion who says;OK now for a bit of hARMless fun:
We have ARMageddon
Take up ARM's
ARM yourself
The ARMy has arrived
We have an ARM's length transaction so totally legal and validated
A call to ARM's
ARMee oh my you make me cry -(with laughter)
We are within ARM's reach of becoming ubiquitous
Have a great day everyone.
FF
AKIDA BALLISTA
Hi *Deena*
Thank you for your email and attachments.
As your SMSF is in full pension phase, the value of the assets supporting each of your retirement-phase income streams will always equal the value of the income streams as these member accounts are re-valued at current market value at any date.
If either yourself or *Mrs Deena* still had an accumulation member account, this would be a different matter. As you are both in full pension phase there is no issue.
If you have any queries in regard to this email please do not hesitate to contact our office.
Kind regards
(My Accountant)
Soooo, the long and short of that is that as we are in full pension phase, and the member accounts are adjusted each year, the value of the supporting assets will NEVER exceed the account balances of those income streams. i.e. We will never have to pay tax on the income or capital gains of our pension funds ... unless the government changes the legislation.
Brainchip can keep rising as much as it likes and our pension fund will remain tax free!
Brainchip ... the unfair advantage!
Fact Finder, there was something I wanted to discuss on a personal note, so if you would like to get in contact would you mind sending me an email to FredHush@hotmail.com
This is not my regular email but I will then contact you from my 'real' address if you are willing. Cheers, Deena.