Will Hamilton

As I said before, it's about after-tax returns.

And when you're looking at after-tax returns, you need to look at, therefore, where do these assets sit if you've got the ability to use multiple vehicles?

Superannuation does stand out.

It's the big winner in this.

And structuring suddenly becomes a very important bit in your own name.

Again, you need to look at individual tax rates because you're going to have a minimum tax rate

in many things now across the board, of 30%.

And you need to look at where to domicile assets if you can benefit from a lower tax rate.

And I think that's incredibly important.

superannuation becomes, I think, but as you said, rightly, you can't touch this.

Yeah, it's going to be in there until you're 60.

And this is an important thing that your own home is, I think, is going to become a focus.

A couple of people have already said that.

But again, as you rightly said, it is not an investment.

It's not an investment class.

So I think that people are going to focus that it is, the gain on it is tax-free.

So people are going to have to look at things where there is that tax rate potentially below 30%.

And as I said, also there's marginal tax rates if your spouse or something is below that and how you can benefit from these things.

But

that after-tax return has become far more important.