Many self employed rural businessmen neglect their personal superannuation and succession requirements until they are approaching retirement age. Planning a successful strategy for retirement and business and management succession should be a matter of urgent priority to be considered at the start up phase of any business. Our specialists can be of great assistance in both areas and have detailed knowledge of the most suitable options available.
Superannuation is one of the most effective forms of wealth creation structures available to Australian taxpayers. Self-managed superannuation funds have become an increasingly popular method of taking advantage of the taxation benefits inherent in superannuation.
As an alternative to large managed or pooled funds, Dawson & Partners offers clients the opportunity to establish and manage their own self managed superannuation fund. The main benefit of managing your own fund is that it provides you with control over the destiny of the fund's investments.
Regulatory authorities administer the legislation which provides the framework for investment choice and the boundaries within which Superannuation Funds must operate. Whilst to many that legislation seems complex and perhaps restrictive, we are easily able to guide clients down a practical path that simplifies the complexities that might otherwise seem to exist.
The abundance of rules and regulations applying to self-managed funds have been designed to ensure that the tax concessions given to these funds are genuinely used for retirement purposes. That is consistent with the wealth creation motives of most clients. Our superannuation fund services include:
- Assistance with the establishment of the fund, including choosing the fund trustees, and all necessary registrations with the Australian Taxation Office (ATO) and other government authorities.
- Establishment of a cash account, share trading account and managed investments if required.
- Preparation of investment strategy and advice in relation to the suitability of assets for ownership by the superannuation fund and working with you to implement the strategy.
- Taxation planning and advice and all taxation compliance matters.
- Financial statements and annual return preparation, audit and lodgement.
- Rollovers of accumulated benefits.
- Payment and determination of pensions and or lump sum benefits, including preparation of necessary documentation.
- Advice in relation to estate planning, as it applies to superannuation assets.
- If required, we can also provide investment advice to the fund trustees as part of our Financial Advisory Services.
In other words, we can assist you with all aspects of the fund’s administration and investments. Please contact Greg Southwell for further details
Many self employed rural businessmen neglect their personal superannuation and succession requirements until they are approaching retirement age. Planning a successful strategy for retirement and business and management succession should be a matter of urgent priority to be considered at the start up phase of any business. Our specialists can be of great assistance in both areas and have detailed knowledge of the most suitable options available.
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