As super is concessionally taxed there will always be operators out there dreaming up ways of getting around the system. More often than not these operators get caught and bring everyone around them down with them. This is very concerning to us as quite people do not understand the consequences of entering into these schemes or arrangements (as they are affectionately known) they only hear about the benefits! The downside only ever sits with you not the operators it is not their money! You will hear all promises from the operators, they are quite remunerated by way of commission or some other form of non-transparent arrangement. At Cabel we do not believe in promoting schemes and believe you me we have seen our fair share of them over the year. Nothing substitutes for getting good quality ongoing advice in relation to your affairs. One off schemes are just that one off!
Joel & John