Feb2015_Superannuation – love it or hate it

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People either love or loathe superannuation.  Which category you fall into often depends upon where you are in your life cycle and what your needs are.  There is one thing for certain; it can be a difficult to understand.  Find out more:

When: 17 February 2015 – 6pm for a 6.15pm start

Where: Mt Pleasant Community Hall, 

RSVP: 13 February 2015 – call Karen Greinke on 0409 623 334 or register via www.facebook.com/HarveyGreinke  

Some small business owners see it as an extra cost of doing business; others as a mysterious investment that either makes money or loses money; some people see it simply as a tax deduction and others as a powerful tool to allow them to take control of their retirement decisions.  Regardless, superannuation doesn’t have to be a mystery.  In fact superannuation can be the single most important weapon in your retirement planning arsenal.

What people may not realise is you don’t have to stick with your existing superannuation fund – you can run your own fund, manage your own investments and be responsible for your own investment decisions.  Business owners could free up some cash by selling their business premises; Mum and Dad investors can even use their superannuation to buy property*.  These options are available in the wonderful world of self-managed superannuation funds (SMSFs).

Since the Global Financial Crisis, SMSFs have been growing at a staggering rate.  People are taking control of their own money as they make their plans for the future.  But SMSFs aren’t for everyone and they must be set up correctly in order to avoid any pitfalls.   

 

I get asked a lot of questions about SMSFs.  These questions fall into two main categories:

I don’t have an SMSF, should I have one and what do I need to know? 

I already have an SMSF, how can I take advantage of the changes to the rules and how do I know if I am getting the right advice?

When it comes to superannuation one thing remains constant: the government likes to change the rules.  From 1 July 2016, accountants can no longer advise about setting up SMSFs unless they are also financial planners.  Because of this, I have built a team of like-minded people to help my clients with the myriad of superannuation questions.  Two of these people – Tim and Jason – will be presenting at the free seminar being held on 17 February 2015 at the Mt Pleasant Community Hall.

If you want to find out more about how an SMSF actually works, what obligations you may have or if an SMSF would suit you, come along to our seminar.  Tim and Jason will be happy to answer your questions.  Be sure to register using this link www.facebook.com/HarveyGreinke  or call Karen Greinke from Harvey Greinke & Co on 0409 623 334 to let us know that you are coming.  Light refreshments will be provided.

*As always, you need to seek advice from a trusted professional before making any investment choices – especially with SMSF.  If you get it wrong, it can be very costly.