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Irina Hollander & Associates Pty Ltd Chartered Accounts

Business owners, self-managed super is for you!

Business owners often think that running their own self-managed superannuation fund (“SMSF”) is just “another thing to do”.  Not so. An SMSF should be seen as a wealth building vehicle instead.

Below are just some of the benefits of having your own SMSF if you are a business owner:

1) Stamp duty and deposit money for your new business premises do not need to be borrowed. They can be paid from your superannuation savings;

2) an SMSF offers superior assets protection from creditors and in case of a litigation;

3) flexibility of taxation planning. Industry and other master funds offer set superannuation products to keep their admin costs down. They are typically unwilling to accommodate your tax minimization strategy that would work well with your business.

In addition there are numerous other general benefits of managing your own super, not specific to business owners, available within self-managed superannuation environment.

For further information or to make an appointment please contact Irina Hollander CA.

Disclaimer

The information provided above is of a general nature only and should not be relied upon as a substitute for specific professional advice.