03 5382 3460

Tollfree 1800 009 533

info@consortiumpw.com.au

Send us an email anytime!

24A Darlot Street, Horsham

Victoria Australia 3400

Specialised Advice

Specialised financial planning for farmers, business owners and health care professionals can provide significant value, from superannuation strategies to personal risk protection.

Farmers and Business Owners

Debt Reduction & Protection

Understanding the needs of farmers and business owners is essential as cash flow and debt levels come under pressure due to tougher farming conditions.

Consortium Private Wealth can assist with SMSF strategies that can result in debt reduction, the purchase of business properties (including farming land) and tax reduction strategies via the transfer of existing business property into superannuation. This strategy provides significant value particularly for those over age 55.

Advice for young farmer’s cash flow management, debt reduction and personal risk protection to cover their family and assets are vital. Asset and insurance policy ownership can have a significant impact on tax outcomes and debt levels, you now have the opportunity to utilise superannuation to assist the farming business in the short-term.

Popular Questions

Is a SMSF right for you?

At Consortium Private Wealth we establish whether a SMSF is the most suitable superannuation structure for your personal situation. We will review you current superannuation policies to consider the level of assets, ongoing & potential redemption costs, and investments. We will also consider your other assets to increase the potential benefits of a SMSF, assets like commercial property and passive investments that affect your taxable income.

Self Managed Superannuation Funds are complex structures and are not suitable for everyone. SMSF are vastly more complex and onerous to manage on an ongoing basis when compare to either a retail or industry superannuation fund so the decision to setup a SMSF should not be taken lightly.

How does a SMSF work?

A self managed superannuation fund is a concessionally taxed structure that has the sole purpose of providing retirement or death benefits to its members or beneficiaries.

SMSF’s are regulated by the Australian Taxation Office (ATO) and you can choose to manage yourself or with the assistance of professional advisers.

There can be no more than four trustees/members within a self managed superannuation fund and there are strict rules on where a self managed superannuation fund can invest.

How much money do you need to set up a self managed super fund?

How much money you need to set up a self managed super fund often depends on how hands-on you are? The more you can do yourself in terms of administration and investment decision-making the more efficient your fund will run, which can be around $250,000. Where advice is required on an ongoing basis such as investment advice and administration services we would suggest a minimum of $400,000.

Health Care Professionals

Take advantage of your opportunities

Very few occupations require such a heavy investment in education as health care professionals. With the potential for high incomes, there is opportunity to create significant wealth over your working life. Protecting this investment in education through a personal risk protection package can ensure financial goals may still be met under any circumstances. Advice in this area is significantly more complex for medical professionals, quality advice is essential.

Wealth creation, debt and tax planning strategies are vital to build a substantial asset base required to provide a passive income upon retirement.

Consortium Private Wealth can assist with SMSF strategies that allow you to purchase or transfer your work premises into superannuation, providing substantial tax benefits. SMSF fund establishment, strategic financial advice, personal risk protection, investment advice including direct shares through to our full administration service are essential for those of you in an occupation that does not have enough hours in the day.

Resources

Financial freedom starts here!

5 Steps you need to know to achieve your financial independence and say yes to no debt.

How to recognise it and how to fix it!

To ensure you’re ahead of the game and have your mortgage under control, listen in to learn from the experts and have your home loan paid off years in advance.

Where to invest and Why to be there

Wanting to understand the best areas to invest to get the best results for your savings?

Understanding Superannuation Contributions

It’s never too early to start thinking about your super.

03 5382 3460

Tollfree 1800 009 533

info@consortiumpw.com.au

Send us an email anytime!

24A Darlot Street, Horsham

Victoria Australia 3400
© Consortium Private Wealth
Robert Goudie, Ashley Rowan, Olivia Glare and Rachael Todman are authorised representatives of Consortium Private Wealth Pty Ltd | AFS Licence 495401
ABN 74 616 250 965 Registered Office: 24a Darlot Street Horsham VIC 3400