James Kirby

Tell me what you think of this.

I know you want to talk about family trusts and we will, but not everyone has a family trust.

Not everybody wants to have one or needs one.

But in terms of super, right?

Super...

The way CGT is treated in super folks is that it's not actually treated the same way as outside super.

And it hasn't changed in the budget.

This is so important, right?

The CGT tax treatment in super has not changed.

It remains a 33% discount.

And in effect, that means that your tax rate

When you hold the asset for more than a year, it drops from 15% to 10%.

I would have thought then, Will, that a self-managed super fund in relative terms is a winner here and becomes a much more attractive vehicle, if you like, for containing or using to manage your investments.

What do you think?

Except one thing, Will, you can't get at it until you retire.

Right.

So, you know, I mean, that's all fine.

If you're 64 or something, say, oh, that's pretty nice.

But if you're a 34 or 44 or 24, you're going to say, oh, that's no good.

I don't want to put, I don't want to use super.