Retirement and superannuation are always a topic of conversation for our small business clients. Paris Financial are pro-active in our approach with our small business owners and through discussion and planning we can advise our clients on how they can utilise the small business “retirement exemption” to make up to $500,000 in additional superannuation contributions and also save on tax.
Australians are enjoying longer and more active retirements than ever before, so what can you do to help make sure your money lasts?
The government's response to the Financial System Inquiry (‘FSI’) was released today. It is good news for SMSF Borrowing!The full text of the government’s response is available at the Treasury website.
Why the Concern?
The final FSI report — released in December 2014 — recommended that the government remove the exception to the general prohibition on direct borrowing for SMSF's. More specifically, it stated that the Government should…..
Australians have a love affair with property with many of us owning an investment property in addition to our primary home of residence. This love affair has continued in recent years with a number of Australians setting up a self managed superannuation fund (SMSF) in order to invest in property.