Do YOU want to PAY LESS TAX, and potentially have more wealth for your retirement?
- If you pay 30 cents as your marginal tax rate, you could give yourself a 50% tax cut but salary sacrificing some of your income into super. Even more if your tax rate is higher!
- Also a SMSF structures can accommodate NEGATIVE GEARING TAX BENEFITS through leveraged (geared) direct property investments, saving you even more tax!
- Did you know that once the fund is eligible & actioned into a pension phase status, then all the income & capital gains (if you sell the property) ARE TAX FREE!
Do YOU want to buy an Investment Property with your SUPER?
- Consider owning your own investment property through your super, using your 9% compulsory contribution – That’s right NO impact on your household cash flow today, and you are potentially providing further growth your wealth base for retirement using an SMSF
- Furthermore you can leverage / Gear this investment so that you could get as much as 6 times the leverage I.e. $1 invested in super could potentially control an investment asset worth $6, which is compounding in value over the term of your super fund
- Did you know that YOU AND UP TO 3 OTHERS CAN COMBINE YOUR SUPER MONIES to form YOUR OWN SMSF?
- Did you know a combined superfund of over $150,000 could PURCHASE AN INVESTMENT PROPERTY WORTH $450,000 AND WITH 4 MEMBERS CONTRIBUTING THEY COULD OWN IT OUTRIGHT IN UNDER 8 YEARS & the super fund gets to enjoy and RE-INVEST THE ONGOING RENTAL INCOME continuing to build your retirement wealth base
Why should you attend?
If any of the following statements are of interest to you or apply to you and your super, then this event is an absolute must attend:
- You want greater control over your investments
- You want more investment choices/options
- You’re not happy with the performance of your superannuation and think you could do a better job yourself
- You want lower fees
- You want to ability to sensibly leverage your investments to accelerate your potential growth and wealth outcomes
- You want to consider buying a residential property within your super fund
- You want the option and ability to transfer personal assets into your super fund
- You want the option to combine family assets and develop effective and legal strategies to transfer assets/wealth between family members
- You want improved tax outcomes and ongoing management
31.8% of all superannuation funds are held in SMSF. It represents the largest sector within the super fund industry and is the fastest growing sector. Furthermore, a Commonwealth Government report titled ‘A Statistical Summary of Self Managed Superannuation Funds’, based on ATO & APRA data, showcased that SMSF members on average had better returns from their investments than all other super funds in 2006, 2007 & 2008 (the report was compiled in 2009). So given the growth in the sector, maybe SMSF have outperformed in 2009 & 2010 as well?
The report also noted that on average the SMSF members paid lower fees than industry and retail funds. So is it a fair observation that the ‘wise, informed and wealthy people’ have their super money in a SMSF or are moving it into this sector to benefit from all the reasons stated above?
Before you make that decision yourself you need to become better educated in regards to SMSF, as it is your financial future, your standard of living and quality of life in retirement that’s at question here.
Presentation Outline
- Is a SMSF the right investment vehicle or the wrong investment vehicle?
- What’s involved in the setup & ongoing management of a SMSF?
- Direct property investments in a SMSF?
- Borrowing in a SMSF?
- Q & A panel session with Presenters
Extended outline of topics and speakers:
Is a SMSF the right investment vehicle or the wrong investment vehicle?
Guest Presenter: Nigel Smith, Technical Services Division with Netwealth
Nigel will provide an independent overview of Super & SMSF and then outline the pros and cons of using an SMSF as your superannuation investment vehicle.
Nigel’s Professional background:
- Bachelor of Commerce Melbourne University
- Cert. Securities Institute
- Cert. Australian Stock Exchange & Securities & Derivatives Industry Association
- RG 146 Financial Planning
- Over 20 years of experience in the financial markets which includes Banking, Stock Broking, Financial Planning, Funds Management and Self Manage Super Funds, Nigel has built up a wealth of knowledge in his areas of expertise which include SMSF – trustee services, investment and compliance, superannuation, financial and retirement planning, Investment planning and consulting, taxation and Centrelink.
What’s involved in the setup & ongoing management of a SMSF?
Speaker: Michael Savy – Head of Financial Planning at Empower Wealth Financial Services
Michael will outline the process involved in setting up and the ongoing running of a SMSF, including the requirements and obligations of the members running the fund and what services are available to assist members in managing the fund and possible costs involved.
Michael’s Professional background:
- CFP - Certified Financial Planner
- Fellow of FINSIA - Financial Services Institute of Australia
- Full Member of FPA - Financial Planning Association
- Specialist SMSF Advisor – SPAA – Self-Managed Super Funds Association of Australia
Michael is a highly qualified and experienced financial planner with over 13 years within the financial planning industry as a professional adviser.
Direct property investments in a SMSF?
Speaker: Cate Bakos – Head of Empower Wealth’s Property Advisory Division
Cate will outline the benefits of investing in residential investment property both from a yield and capital growth position and provide an overview of what elements drive yield and value increases.
Cate’s Professional background:
- Bachelor of Science Chemistry (Hons.)
- Cert IV Property Services – Real Estate
- Cert IV Financial Services – Mortgage Broking
- Experience as a Real Estate Agent Representative
Cate is an experienced property investor, currently owning 18 properties within her personal portfolio. Cate has experienced life as a real estate agent and has amassed a wealth of knowledge in analysing and assessing thousands of property for this potential as an investment asset.
Borrowing in a SMSF?
Speaker: Lincoln Haugh – Qualified Finance Advisor
Lincoln’s presentation is going to outline the way in which loan structuring takes place with lending instructions to meet the strict guidelines under SMSF regulations. He will provide examples of the gearing levels and the amount of additional contributions that would be required to obtain approval from the lenders, and what value of property this would constitute the SMSF would be able to purchase for.
Lincoln’s Professional background:
- Cert IV Financial Services – Mortgage Broking
Lincoln is an experienced finance advisor settling tens of millions of dollars in new funding each year. He is a specialist when it comes to financing property within a SMSF. As a qualified finance advisor, Lincoln has access to extensive panel of lenders and loan products. His knowledge and skill in sourcing the right loan product and structuring it correctly to meet the requirements of this type of specialist lending is highly regarding by his peers.
Watch this space for upcoming seminar dates
