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Daily discussion thread: 🛡️ Sunday, May 5, 2024 (aussie.zone)

submitted 6 months ago by [email protected] to c/[email protected]

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[–] [email protected] 1 points 6 months ago

I would also like to tell all of the people asking for advice on their self managed super funds that if you have to ask for advice on Facebook about how to manage it you should not have a self managed super fund.

Fully agree. They should ask their accountant(s). Sorry, registered financial planner as you need to have a licence to give advice on superannuation.

Mind you, my boss when he was a commercial law student asked his tutor for a quick 10 minute run down on how super worked. His tutor rolled on the floor laughing.

And a truly wonderful Tandberg cartoon came out in the 80s - two suits sitting at a table in a pub - one says to the other "Yeah it's a social thing. We get together on a Friday night, have a few beers and change the laws on superannuation". Says it all. I think I still have a copy somewhere as I had that stuck on my screen for years.