Self-Managed Superannuation Funds
Establishing your own superannuation fund is one of the best investments for your financial future. As a result of an ageing population, Governments have, to a larger extent, encouraged retired savings and have given tax payers taxation breaks that are simply too attractive to ignore.
In addition, superannuation funds can now borrow funds to buy property allowing you to claim a tax deduction for superannuation contributions that will reduce your debt on an investment property (as one example).
Both business owners and individuals can establish their own superannuation fund.
As part of our Business Accounting services, Foresight can assist you in the following ways:
- Establishing your self-managed superannuation fund
- Obtain an ABN & Tax File Number for the fund
- Provide advice on your trustees obligations and how to stick to the rules
- Provide you with effective tax strategies to purchase property & reduce your investment property loans with your contributions
- Create unit trusts to facilitate your leveraged investment & protect your superannuation holdings
- Create unit trusts to assist with your transition to retirement
- Provide advice on how to draw from your fund in retirement
