Kids finally flown the coop?! Now is the time for you!
You’re on the home stretch towards retirement and proper tax planning now will assist you in your future. Your PWA Financial Group accountant can ensure you are on the right path to a comfortable retirement. Speak to them about Business Succession Planning and the possibility of using recontribution strategies to maximise your superannuation opportunities.
They can also work in conjunction with you Financial Planner to optimise your Estate Planning needs and look to set up a Transition to Retirement Pension arrangement.
Investing is an essential part of helping you create wealth. Over the long term, investments can generate great rewards - and the earlier you start, the better.
Investing starts with ensuring you have surplus cash flow from your daily living expenses to invest. It doesn’t need to be much, but if you focus on developing (and sticking to!) your household budget, you can soon find savings that can be invested to help build your future wealth.
This is a complex area and one that we strongly encourage you to ensure you get the right advice.
PWA Financial Services Pty Ltd is a Corporate Authorised Representative of Infocus Money Management. Infocus is majority owned by its management team. They are not aligned to any of the Big 4 Banks. When you talk to your Financial Planner, you can be sure they will be recommending investments that suit your financial needs and objectives – not those of the Big Banks.
For more information about investing, click on the 'Enquire Now' button below.
What could be more important than a comfortable retirement, enjoying the benefits of your hard-earned labour over the years? Taking an active interest in your superannuation early is critical to ensuring you can achieve this goal. How much you need to enjoy a comfortable lifestyle in retirement will depend on factors such as your life expectancy, your accumulated assets and your expectations. Chances are your employer contributions are not going to be enough and you may need to look at making additional contributions. The good news is that if you start early, even minimal personal contributions will make a significant difference to your retirement income. Personal contributions to your superannuation can be made from your pre-tax salary (salary sacrifice) or from your post-tax salary. Note different taxation rules apply to each method of contribution. Depending on your financial situation, one may be better for you. Having the right superannuation strategy in place today is absolutely essential to a comfortable retirement. Your PWA Financial Planner has significant expertise in superannuation strategies that will help you achieve your financial goals. Simply click the ‘Enquire Now’ button to contact us.
A SMSF is perfect for the DIY investor who prefers to make their own investment choices for their investment – rather than leaving their super to be invested by others. The great benefit of SMSFs is that they allow you to invest directly in your own chosen combination of investments: for example, shares, property, fixed interest investments, managed funds and cash. In certain circumstances, you may also include business real property (commercial property).
Importantly, SMSF’s aren’t for everyone!
When considering whether an SMSF is right for you, you will need to take into account a number of factors, including the cost of the fund and the legal and compliance obligations required. Key things that must be considered also include the structure of the Fund, the number of members, the Trustees, the need for an Investment Strategy (and the need to stick to it), annual audit and taxation requirements: the list goes on!
This is where your PWA financial planner comes in, helping you to determine whether an SMSF will suit your particular needs and circumstances. Click on ‘Enquire now’ to enquire today!
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