SMSF’s

Our core area of specialisation! The strategic benefits of SMSF’s have been harnessed by 2020 Financial Solutions.
To enjoy the flexibility and benefits of an SMSF, your 'tax free piggy bank', talk to our team today.

A SMSF is the very best flexible wealth creation that a family group can use to implement strategic planning.

Some of the benefits of an SMSF are:

• A SMSF will allow you to rollover and consolidate the other super amounts you may have into your SMSF - i.e. your existing balances in other super accounts.
• You may choose to salary sacrifice directly into your SMSF – for direct tax advantages. Tax at only 15% will be paid rather than at higher rates of tax. We may then be able to ensure that your taxable income stays below $30K each year (of the tax rate threshold where the rate jumps to 31.5%) by tax planning through contributing into super.
• Your SGL may also be paid directly into your SMSF.
• You would have real control over your super assets and may choose to purchase shares, managed funds, direct property etc in the future within the fund.
• You could choose to have access to your super through an account based pension once aged 55. Under the Transition to retirement rules – you may elect to take a pension and still be working after age 55 and thus all assets in super supporting the pension will be tax free. This provides an opportunity to move investment assets outside super into a SMSF and allocate these to your super member accounts, rather pay tax or accumulate capital growth at a higher tax rate in your own names. By moving assets into super, growth on investments will happen faster and more will be available for your retirement.
• Assets in your SMSF are protected from creditors and litigation.
• After Age 60 all money you take from super – either a lump sum or pension will be 100% tax free.
• You may have as much as you like tax free. These amounts will not have to be declared in your tax return. Therefore moving assets into super is akin to the proverbial concessional ‘piggybank’, albeit a tax free one!!
• A SMSF offers you increased retirement planning flexibility. CGT on investments may be avoided all together in the future by purchasing investments in the name of your fund and liquidating after a pension has commenced. Thus any CGT will be quarantined to a nil tax rate of your fund.

How much does it cost to invest in Property through an SMSF ?

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