Good morning daily

[Newcastle George]

Good morning All. 22*here with same forecast as the maximum.
Thankfully, yesterday was much the same which enabled me to finish the restoration of the bus rear by reinstalling the spare wheel carrier.

Photo below
Click to enlarge

100_7982.JPG

George

[BernieQ2]

Good morning All. 22*here with same forecast as the maximum.
Thankfully, yesterday was much the same which enabled me to finish the restoration of the bus rear by reinstalling the spare wheel carrier.

Photo below
Click to enlarge
100_7982.JPG

George

looks good George..

[jon_d]

Pension is tax free to Jon

Terry, I'm talking about superannuation.

Accumulation mode - where actual investment earnings are taxed at 15%
Pension mode - where actual investment earnings are tax free.

Having real estate in super during pension mode on a self managed fund is questionable.
Sure the asset will grow but you can't sell part of a house to fund the required draw down. There has to be an adequate mix.
You could only draw down any rental income.
Renting your own house from your own self managed not allowed.

Anyway, regardless, I wish you all the best and hope that the decisions made are successful.

[T1 Terry]

Pension is tax free to Jon

Terry, I'm talking about superannuation.

Accumulation mode - where actual investment earnings are taxed at 15%
Pension mode - where actual investment earnings are tax free.

Having real estate in super during pension mode on a self managed fund is questionable.
Sure the asset will grow but you can't sell part of a house to fund the required draw down. There has to be an adequate mix.
You could only draw down any rental income.
Renting your own house from your own self managed not allowed.

Anyway, regardless, I wish you all the best and hope that the decisions made are successful.

A misunderstanding Jon, pull the money out of the superfund to finance the house. Yes, that will be taxable, but based against zero income (on Margaret's part) we should get at least some of it back.
The $700,000 something that the insurance paid out for the workshop, will go a log way towards building the house, the house insurance will hopefully cover the rest and legal fees and furniture etc. The superfund still owns the workshop property and we are still paying rent to the super to use the block, and probably will continue to do so until we either sell it or lease it to someone .....

Then of course, we have all my treasures around the yard for me to repair and sell

T1 Terry

[BruceS]

Terry I'm sure you could easily throw an Atco transportable or two on the houseblock for much less than you are suggesting?
Pretty sure the original main section was a transportable?
There's only the two of you?
You can always throw up an outdoor barby area like it was before.
Not going to show you a few from up here ...... cost too much to move your fleet anyway!!