Will Hamilton

You've got to buy something based on total return.

But now you've got to look at after-tax return.

You do have to take that into account.

And I think that's a really important thing.

And therefore, where those assets are housed suddenly becomes very important as well.

So if it's in your name versus family trust versus super.

Because of franking.

Yeah.

Yeah, I think the after-tax focus has become even more important than it was.

And that's, I think, the big thing about this.

It's become a

It's always been important, but it's become even more important.

And I think there's a lot of things that we now need to look at that have been there, but they've become an increased focus.

And after-tax return is definitely one.

Absolutely.

I read your article and it was good.

And I agree with you.

I think self-managed super funds have actually grown over the last couple of years quite substantially.

And I think one of the big relative winners out of this was superannuation was untouched, but you've got to take into account the treatment that it's got at the moment.

No changes were made to the CG treatment inside superannuation funds.