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For one reason or another I have $US40k in a SMSF Macquarie account in the USA earning no interest. The reason for this is because I have been waiting for the Aussie dollar to drop and improve the conversion. I have come to believe that it will be another 6 months or more before it will be worthwhile to bring it back to Australia and reap the benefits of a lower AUD.
Can you please suggest/recommend where to invest this in the States – or better still, suggest a managed fund with a good track record that is relatively secure.
Your thoughts would be appreciated. Thanks.
I am interested in this article as I will receive an ETP as part of a redundancy package in 2014 – which, when included with my remuneration, will lead to a taxable income in excess of $300k. Will the ETP be included in determining whether my employer and salary sacrifice contributions are taxed at 30%?