POWERS SUPERANNUATION SERVICES
HELPING YOU TAKE CONTROL OF YOUR FUTURE
Retirement funding is essential and Self Managed Superannuation Funds (SMSFs) have become a vital resource for SME business owners to provide a tax-free income stream throughout retirement.
Speak to Powers about how to establish and administer a Self Managed Superannuation Fund with advice and structures that will save you unnecessary tax and compliance costs.
Powers has over 30 years of understanding Superannuation in Australia and specialise in Self-Managed Superannuation. We work with you to ensure your finances can fund your retirement lifestyle. Our focus is always our clients’ needs – we work as your partner, developing your SMSF structure with you and giving you the advice you need.
We can help with:
|• SMSF fund establishment|
|• Fund administration and compliance|
|• Year-end reporting|
|• SMSF audits|
|• Borrowing – Unit Trusts /Property|
|• Retirement planning|
|• Pension strategies|
Is Self- Managed Super Right For You?
Self-Managed Superannuation Funds are suitable for investors looking for control over their superannuation assets although SMSF’s are not for everyone. Before setting up an SMSF you must be sure you understand your responsibilities.
Having an SMSF brings responsibilities for the Trustees to ensure the SMSF complies with Legislation:
|• an SMSF must have an investment strategy to be adhered to when making investment decisions|
|• the Fund must lodge an Audited annual return with the tax office every year|
|• the Fund must have an appointed trustee who will carry out the decisions in the best interests of the Members and;|
|• the assets of the SMSF must be separate from personal assets.|
Powers can determine if having an SMSF is right for you.
Your SMSF will be a key component of your retirement planning as the SMSF can be used to pay lump sums or concessionally taxed income streams. If you are over 60 the benefits paid from an SMSF will be tax-free.