On the other hand when you have to answer “yes” it starts opening up a bunch of complicated questions to wade through. I put a small amount of money into some investment funds a couple of years ago and now I get to wade through a whole bunch of extra questions, all over tiny amounts of money. It’s all stuff like $20 of franking credits, $2.31 in foreign investment offsets and $6 of capital gains. I’m looking forward to hitting the age I can access Super and can just shove money in there and take it out tax free without all the hassle.
On the other hand when you have to answer “yes” it starts opening up a bunch of complicated questions to wade through. I put a small amount of money into some investment funds a couple of years ago and now I get to wade through a whole bunch of extra questions, all over tiny amounts of money. It’s all stuff like $20 of franking credits, $2.31 in foreign investment offsets and $6 of capital gains. I’m looking forward to hitting the age I can access Super and can just shove money in there and take it out tax free without all the hassle.