Super: just be aware of the fees involved with SMSF. My accountant always said you gonna need about $200k before they become cost effective.
Note: my accountant hates Super and punches me in the face every time I mention it.
Super: just be aware of the fees involved with SMSF. My accountant always said you gonna need about $200k before they become cost effective.
Note: my accountant hates Super and punches me in the face every time I mention it.
Yep. No arguments here that's exactly what will happen.
I'm looking forward to what will happen with the emergency services levy now that it's being added onto our land rates instead of being charged to insurance companies.
I already pay $2200 a year for rates and I'm pretty sure that the insurance companies will find a way to offer me absolutely no discount on my insurance after they are relieved of the levy.
Last edited by The Dunster; 18-01-2017 at 06:52 PM.
http://www.dailytelegraph.com.au/new...65d9198fd6d5a8
Turns out it hasn't come in yet, and Berejiklian is practising her Gymnastics backflips.
OK
The legislation hasn't that's correct. But the price hikes to account for the insurance industries ridiculous gross profits are well and truly underway.
I know people in the insurance industry who are absolute flakes but still manage to earn well into 6 figure salaries - thanks to the very sizeable government kickbacks obtained when all insurers collude to lobby the relevant government ministers.
Last edited by The Dunster; 29-06-2017 at 12:44 PM.
Council calculates a rate charge by multiplying your property's average rate-able value by a dollar rate. The dollar rate used to calculate charges depends on your property's rating category, which is based on its main land use.
The actual value of the land is determined by the land valuer general in NSW using sales data they have gathered over the years.
If a council want more revenue from rates they simply come up with a figure and then apply for approval through the State Government and IPART will juggle the numbers to get them the desired outcome.
Without going into too much more bullshit accountants and economists do not understand prices or inflation, or depreciation - and probably never will. Which makes it all no better than throwing darts at a board.
Oh I can explain the 'how'.
One local council had it written into their senior management teams KPI's that they got a bonus if they got a rate rise pushed through even though it wasn't needed.
Remember that time that Lord Mayor resigned because he was passing round paper bags of his own money.
Well now it's paper bags full of your money being passed around and all completely above board and legal.
Enjoy.