A recent decision by the Supreme Court of NSW has determined whether a $12. 9 million death benefit from an SMSF should be designated as notional estate. The decision, Benz v Armstrong; Benz v Armst
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Imagine having a job with a guaranteed annual salary of $93,000 where, if you are inclined to work the system and get assigned to a relatively quiet office, you can probably go long stretches of the year working just two days a week.
Every year, you go the equivalent of several months without showing up. You use all that extra time to get a second job to supplement that salary. After all, there s no rule that says you can t.
Now imagine that your tax dollars are paying that salary. Suddenly this scenario sounds less like a dream job and more like a waste of money, doesn t it?