Succession planning for your business real property

Posted on Apr 14, 2012 Owning your business premises in your self-managed super fund is a popular strategy undertaken by many business owners. Tom and Jerry are such business owners and run a business in a small factory, which they own via their SMSF. The property is worth $750,000, which they have a limited recourse loan outstanding of $450,000. As part of their business succession plan, Tom and Jerry would like the...
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Holding assets in your personal name v holding assets in super – why super wins

Posted on Oct 27, 2011 There are many ways to improve your retirement savings that are not dependant on the performance of investment markets or the type of investment you prefer to hold. For example, where you hold your investments can make a vast difference to your retirement savings. Many Australians prefer to hold their investment assets in their own personal names, for various reasons. Holding investments in your...
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Transition to retirement – how to make your investment income tax free

Posted on Oct 27, 2011 Many Australians are choosing to work longer these days, not necessarily because they have to, but many people are choosing to because they wish to keep their minds active.  For those who choose to continue working, there are several ways that they can use this to their advantage to boost their retirement benefits, and even to remain on the same income if they reduce their working hours. An...
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Are you contemplating selling your business?

Posted on Oct 27, 2011 For many small business owners, their business represents their retirement savings.  For these owners, money has been used to expand the business, leaving little to put aside for retirement.  For those who are approaching retirement, and thinking of selling your business, there are possible concessions you should be aware of. Small business concessions – Case study If you own an eligible...
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Business succession planning – do you have one?

Posted on Oct 27, 2011 Most business owners have a long term objective for their business, but few have a succession plan.  Some view their business as a major component of their retirement savings, while others wish to pass on their business to the next generation.  But what would happen in the event of premature death or disability?  Business owners should try and answer the following questions: If you or any of...
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Keyperson insurance – something every business owner should consider

Posted on Oct 27, 2011 When business owners are asked what the most important assets of the business are, the answer typically refers to the fixed assets or plant and equipment of the business.  While these are certainly valuable, there is one asset that isn’t as easy to replace in the event of loss or destruction…that being the firm’s key person.  Business owners should try to answer the following...
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