Stay a Step Ahead

Last month we shone a light on the most common mistakes people make when setting up a SMSF and this month we have outlined the biggest positives.

SMSF’s can be the best solution to meet your retirement goals and if you have ever considered whether one is appropriate for you and your family or for your business, then please feel free to contact us.

Also, did you know that your adult kids might have to pay a lot of tax if you leave them your superannuation & insurance proceeds?

Our second article today explores this and provides some clarity around who constitutes a financial dependent so there should be no tax consequences.

Finally we would like to congratulate our Managing Director, James McFall for reaching a state finalist shortlist for the Association of Financial Advisers (AFA) Excellence in Education Award.

The AFA awards are amongst the most prestigious in financial planning and it is an excellent achievement to be acknowledged in this way.

From all of us at Yield, we hope you enjoy this month’s newsletter.

Why a SMSF could be the perfect solution

In our last newsletter we outlined some of the most significant ‘cons’ of setting up a SMSF. While it is wise to be considerate of the reasons why a SMSF may not work for you, there are also several reasons why a SMSF could be a perfect solution.

>>> Read more

Did you know...

…that your adult kids might have to pay a lot of tax if you leave them your superannuation & insurance proceeds?

This can be a particular issue where you:

  • Are splitting your assets amongst your children – for instance you leave the house to one child, and your super to another; and/or
  • You have some children that are dependents and some that are not!

Property Planning Australia Financial Planning has been rebranded

As announced by Property Planning Australia on Friday 01 May, we have rebranded Property Planning Australia Financial Planning to Yield Financial Planning.

>>> Read more

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