Self-Managed Super Funds (SMSF)
Reasons for setting up an SMSF
Take control of your super assets
Save fees on management
Transfer assets from your personal name to your SMSF
It can be possible for Members to make contributions of assets instead of cash like Shares, Managed Funds, and Commercial Property. These are called in-specie contributions and allow you to consolidate Family Assets under the one SMSF tax-advantaged structure. Please note that taxation and capital gains tax issues vary significantly between taxpayers. You should obtain advice particular to your circumstances before making any super contribution.
Accumulation and pension funds in one
With retail and industry funds, your account is generally invested in separate pension or accumulation accounts. When you wish to draw on some of your super benefit as a pension, your super benefit must transfer to a separate pension account, and any additional contributions you make after that time will be added to a completely different accumulation account balance. An SMSF can have pension and accumulation accounts in the same fund. You can start a pension and also contribute to the same SMSF with no need to separate your super into different funds. An SMSF can accommodate these as separate accounts within one fund.
SMSF | A summary of what you need to know
Strategic Financial Consultations for Property Investors
Everyone goes (or should go) once a year to their Doctor for a health check. However, very few people consider a Strategic Financial Consultations (SFC) on their property investments, wealth creation or financial planning goals.
A Strategic Financial Consultation is a holistic review of your wealth creation goals, taking into account issues around tax, asset protection, estate planning, finance and structures, to assist you in meeting your objectives.
The results and feedback are provided to you, either to confirm that your property finance is in good shape OR that it is not and that we can then make appropriate recommendations as to how they could be improved upon.