Superannuation Perth

Superannuation gets better all the time

Changes announced in the 2006 Federal Budget make superannuation the most tax-effective way to save for your retirement: • If you are over 60 years of age and retire after 1 July 2007, your Super will be tax free.  • But to make maximum use of this “tax free zone” you need to start building Super Assets early. Your financial planner can provide more details on these changes and how they affect you.

Employer superannuation

How much do you know about your employer's or your own superannuation scheme? Ideally, your answer to this question should be "everything". After the family home, superannuation is the second largest asset of many Australians.  Generally, superannuation schemes are an excellent means of saving for your retirement. Your employer must pay a contribution on your behalf to a superannuation fund, which is operated according to Australian superannuation laws. Currently, the percentage of your wage or salary that your employer must contribute is 9 percent. You may also be able to save tax by contributing part of your income to your employer's superannuation fund. If not, you can contribute to your own Self Managed Superannuation Fund ( SMSF ).

Self Managed Superannuation Funds ( SMSF )

More and more people in Perth and the rest of Australia are realising that they can take control of this very important investment through the use of Self Managed Superannuation Funds ( SMSF ).

Benefits of SMSF

Freedom of investment choice - you decide how and where to invest your superannuation funds for the best returns. This can unlock the door to investment options not currently available, such as property, fixed interest, direct shares, wholesale managed funds, derivatives and alternative investments.  Maximum tax payable on contributions and earnings in a SMSF is 15%. SMSF can invest up to 100% in business real property (family business premises owned by members).

Superannuation & SMSF Services we offer

Invest WA offers specialist superannuation advice in relation to: • Determining your suitability to SMSF's - our position as financial planners and superannuation planning consultants enables us to provide advice on whether a self managed super is the best choice for you. • Establishment of your fund - this involves the preparation of a trust deed and necessary tax office application forms. • Documentation of the fund's investment strategy - choose from a professionally prepared plan where we select the investments, or a review of your existing investment strategy.  • Administration services - the fund will need to record its transactions and prepare financial statements, which need to be audited to ensure it complies with superannuation regulations.

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