Contact Us
Phone: +61 3 9819 4011
Email: info@raggweir.com.au

Did you know?
Many clients turn to their accountants for employment advice, what contracts do I need, what rates should I pay, are they a contractor or an employee, how do I terminate an employee?
Read more...

Self Managed Superannuation Funds


 

SMSF STRATEGIC PLANNING

Correct strategic planning in your SMSF can have long term benefits. You can maximise the value of your SMSF both in your lifetime, and after your death. These options are all legally available in industry or retail funds, but are sometimes harder to implement within that environment.

 

Strategic options you can consider include:

  • Start a Transition to Retirement Pension
  • Accessing lump sum amounts from your fund
  • Use of Binding Death Benefit Nominations to 'lock in' who should benefit from your superannuation monies after your death
  • Loaning money to your SMSF to invest
  • Introducing your children to the SMSF
  • Use superannuation funds to buy premises for your business
  • Using the CGT Retirement exemption to your best advantage
  • Negatively gear an investment property in your SMSF, or simply borrow to buy a property in your SMSF
  • Use of auto reversionary pensions to secure pension income for a beneficiary after your death
  • Use of reserves to allow the payment of an anti detriment amount

The strategy that is most appropriate to a particular SMSF can depend on:

  • Age & risk profile of the members
  • Ability of the members to make additional contributions
  • Family situation (e.g. a disabled child, or children of differing ages and needs from different marriages)
  • Assets held outside superannuation.

The choice of strategy for your SMSF is an important decision.  It is a complex and constantly changing area and we strongly encourage you to seek our specialised and personal advice.

 

Anne Rollason

CA SMSF Specialist

Partner, MSI Ragg Weir

 From Twitter

 Our Blog

 

 Contact Info

Level 2, 108 Power Street,
Hawthorn, VIC 3122
PO Box 325, Hawthorn, VIC 3122
T: +61 3 9819 4011
F: +61 3 9819 6780
E: info@raggweir.com.au

Click here for parking details