Accounting & Financial Advisory for Individuals & Businesses

 

Superannuation & SMSF Strategy

As the Government encourages (and mandates) that Australians take responsibility for their retirement income goals, citizens are repeatedly required to deal with superannuation funds. Self-managed superannuation funds are a means of saving for retirement. It enables you to control your super fund investment strategy, reduce tax while accruing retirement benefits, and control administration costs.

Superannuation law is a complex area and personalised planning is required for each individual. The team at IEC Financial Advisory has superannuation experts who can assist in establishing a superannuation fund that will effectively position you to reach your retirement goals.

Services we offer include:

  • Establishing self-managed superannuation funds
  • Superannuation tax and audit compliance functions
  • Advice on compliance matters
  • Advice on taxation benefits
  • Advice on employer obligations

 

SMSF strategic advice and compliance (including pension commencement and strategy, SMSF borrowing and direct investment structural advice).

 

This type of advice is often sought by people who may wish to take control of their own destiny with SMSF (Not always, but often business owners and senior professionals) and people who may have had defined benefit super options, but then need to take a more active involvement in managing that money once received.

SMSF's are not for everyone, but for those they do suit, they can be flexible and effective wealth accumulation and management vehicles, and quality strategic advice is a must.

 

Ask yourself the following questions:

 

Do I have an interest in taking responsibility for my own future and making the most of strategic opportunities with a SMSF?

If I were to pass away, is there enough funds to care for my dependants, and is the legal paperwork in place to ensure the right money gets into the right hands at the right time?

Is my superannuation being invested and managed properly, and will it be adequate to fund my retirement?

 

If you are not sure if you can answer these questions, please book a complementary appointment to discuss your options.



Consolidation

Do you have multiple superannuation accounts?

Do you know what this might be costing you in annual fees, or insurance premium? Do you know if your funds are invested appropriately?

 

At IEC we will review your current superannuation funds and provide you with recommendations where necessary to consolidate your super funds, contact us to have a chat today.



Superannuation Contributions

There are a number of contribution options available to maximise your super.

    • Concessional Contributions
    • Non Concessional Contributions
    • Salary Sacrifice
    • Downsizer Contributions
    • Personal Injury Contributions



Accessing your Super

How and when can I access my super?

 

There are complex rules around accessing super and the associated taxation outcomes, quality advice is a must.

 

Contact IEC to find out how you can access your super.



SMSF Investment Strategy

A SMSF is required to have an Investment Strategy.  It is imperative that you implement an investment strategy that complies with the SIS Act and ensure that the assets held in the Fund are invested in accordance with this strategy.

The Investment Strategy of a superannuation fund must take into consideration a number of factors including but not limited to:

  • Risk and return
  • Diversification
  • Liquidity
  • Asset Allocation
  • The Fund Trust Deed
  • The determination on whether the fund should hold an insurance contract on behalf of its members. 
Enquire here for more information.



SMSF Borrowing

Borrowing money to invest is commonly known as gearing. Gearing can accelerate both profits and losses of your investment because you are investing funds that you would not ordinarily have access to without borrowing.

SMSF's can borrow to invest, under specific circumstances that are governed by very complex rules and regulations.

Specialist advice is crucial, enquire here.



Pension and Recontribution Strategies

A re-contribution strategy is used to maximise the tax-free component of a superannuation income stream and/or a superannuation death benefit. The strategy involves withdrawing your funds from superannuation and re-contributing the funds back into your superannuation accumulation account.

Enquire here for more information.



Please click here for your free copy of our eBook, Self Managed Superannuation Funds, Is an SMSF right for you?



IEC Financial Advisory Pty Ltd is a Corporate Authorised Representative (No.1251572) of Capstone Financial Planning Pty Ltd. ABN 24 093 733 969. Australian Financial Services Licence No.223135



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