SMSF Specialist tax planning end of FY strategies

By: Ethical Financial Advice  23-May-2012
Keywords: Retirement, Planning, Self Managed Super Funds

We have recently helped a retiring self employed client with a SMSF reduce their final years tax liability and boost their super using a recently announced taxation Interpretative Decision on 5 March 2012.

The client saved an additional $7,500 in personal income tax for 2012 and boosted their retirement savings at the same time.  During the analysis we further advised the client on ways to potentially maximise future Centrelink and reduce death benefits tax to their adult children.

Our total fixed upfront quoted fee for this advice was $2,860 including GST which was also tax deductible to the client.  A great result for them and us.

Keywords: Planning, Retirement, Self Managed Super Funds