Rothsay and Rothsay Financial Services offer superannuation services. After the family home, superannuation is many Australian’s second largest asset, as you save and invest money during your working life to fund your retirement. It is therefore a high priority for the majority of companies and individuals to keep track of accurate superannuation records. This very important investment can also now be directly managed by individuals through establishing a Self-Managed Superannuation Fund (‘SMSF’).

The benefits of having a SMSF include

  • Freedom of investment choice – you decide how and where to invest your superannuation funds for the best returns. This can unlock the door to otherwise hidden investment options such as property, fixed interest, direct shares, wholesale-managed funds, derivatives and other alternatives
  • Maximum tax payable on contributions and earnings in a SMSF is 15% (providing that the fund complies with superannuation regulations)
  • Imputation credits on dividends can reduce the overall tax to be paid, as excess credits are refundable
  • An SMSF can invest up to 100% in a business property (i.e. a family business premises owned by that fund’s members). We support our clients with impartial and in-depth advice regarding property investments via superannuation
  • Earnings in the pension phase (eg. allocated pension) are not taxable
  • On retirement, assets can be rolled over into the pension phase, with any capital gains on these assets incurring zero tax
  • Running an allocated pension, which enables you to draw a pension from your super fund when you retire, taking advantage of valuable tax concessions

Rothsay can assist to

  • Determine whether a SMSF will result in a tax effective retirement planning strategy
  • Establish your fund, by preparing the correct trust and tax documentation
  • Provide administration services – the fund will need to record its transactions and prepare financial statements, which need to be audited to ensure compliance with Australia’s complex superannuation regulations