Many Australians are nervous about superannuation. Is it because they don’t understand the share market or is it because they have concerns that the government keeps changing the rules?
One property purchasing strategy is to buy property in your own name and call this your own version of superannuation. Well that’s certainly one way of doing it, but we believe there are other solutions you should be considering which could result in you having more money in the bank when you retire. And by more we mean potentially tens of thousands of dollars.
By considering Self Managed Superannuation Funds (SMSFs) as part of your property purchasing strategy, you can potentially enjoy a capital gains tax free asset when you retire. Yes, a property that, when you sell it (once you retire), is completely capital gains tax free. Now that is a saving!
There are many things to be aware of and an SMSF is not for everyone, but it can be a great part of your wealth creation strategy that you should at least be considering.
To find out if an SMSF is for you, contact us for a free appointment or complete the e-mail request form below.
How to get in touch with us
Your contact: Richard Ferraro
Certified Practising Accountant
APS Tax, Accounting & Business Services Pty Ltd
(A Division of APS Benefits Group Ltd)
Phone (03) 9322 2026
Think of APS Tax, Accounting & Business Services as your business advisers.
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