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Superannuation

Superannuation can be a great tool for business owners, in enabling them to maximise their future wealth and reduce their tax burden.  A self-managed superfund can also be a good vehicle to purchase commercial business premises.

Let’s face it, retirement planning can never start too early.    You want to ensure that you have enough assets accumulated so that they earn you sufficient returns to fund your retirement. You may enjoy working, but working past your retirement date should be a choice rather than a necessity in order to survive.

In planning for your retirement, you need to ask yourself when you want to stop working and how much income you will need to live the lifestyle you would like. PJT Accountants & Business Advisors will evaluate your existing assets, consider your commitments and what mix of assets you want or need. We will then structure a plan to help you achieve your retirement goals.

As well as planning for your retirement, PJT Accountants & Business Advisors will structure your financial situation to protect your hard earned assets and manage the impact of taxation. Taxation has a significant effect on the long term value of your assets so it is important to get this right.

Superannuation may form an important part of your retirement plan, and we believe you should be actively involved in monitoring its performance. Superannuation should not be a set and forget strategy. Superannuation should be used to take advantage of the compounding effect of your earnings as well as the tax benefits it provides.

PJT Accountants & Business Advisors are experts in looking after your retirement and superannuation needs, and if appropriate for you, can set up your self-managed superfund and help you oversee its ongoing growth.

Click here to download the Planning for Your Retirement white paper.

Want to know more? Request a free meeting with a Business Advisor, or call us on 5413 9300.

Read more through our specialist superannuation news:

Common Mistakes Made By SMSF Trustees

Do you have a Self-managed Superannuation Fund (SMSF)?  Or are you thinking of setting one up?  If either of these apply to you, you should read on to find out more about the common mistakes Trustees of self-managed superannuation funds make and how they can be avoided.

Loans to members

This is the most common breach reported by auditors to the
ATO each year. 

Members (and their relatives) are prohibited from borrowing funds from their SMSF, including short term loans.  Doing so will result in a breach of the Superannuation rules for which

Making your Super Work for you

Superannuation
is something that many of us forget to think about.  And often when we do it’s too late.  Superannuation jargon can be confusing and
managing your super fund even more so.

There is
also generally a huge disconnect between how much Australian’s believe they
need to live out the retirement they want, and what they will actually need.

Superannuation
in your 20’s

In your twenties, retirement may seem like a long way off, but it’s funny how quickly it will creep up on you.  At this age, the focus is often on saving for a house, travel

Do You Have Life Insurance as Part of Your Super?

Most superannuation funds offer life insurance to their
members.  In fact, without ever having
made an election you may find you already have insurance cover in your super
fund.  Great, but it is still important
you take the time to review your cover and make sure you are appropriately
insured.  There are three types of life
insurance cover typically provided to super fund members:

Death cover (also known as life
insurance) – is part of the benefit your beneficiaries receive
when you die, either as a lump sum or as an income stream.Total and permanent disability (TPD) cover
– pays you a benefit if you become

Sunshine Coast Accountants and Business Advisors