A self-managed super fund (SMSF) is a superannuation trust where the members are also the trustees. An SMSF can have one to four members Sam Darnold Jersey , and as trustees, members have total control over the fund. While industry and retail super funds are designed to benefit a sizeable group of members with decisions based on shared interests, an SMSF is tailored to meet individual鈥檚 needs. Consulting with a qualified Financial Advisory Firm WA can help ensure that you attain your financial desires and goals through suitable, tailored services to meet your individual retirement needs. An SMSF in Perth offers members many key benefits including: 1. Choice of Investment SMSFs provide members with more investment options than other super funds. Investment trustees can access include direct shares. Term deposits, high-yielding cash accounts, direct property, income investments, international markets, unlisted assets, collectables, and more. 2. Great Flexibility SMSFs offer members to operate a mixture of pension and accumulation accounts. Trustees of the fund have the ability to adjust their investment mix as it benefits them, which allows for a quick response to changes in super rules, market conditions, or individual circumstances. 3. Tax Strategies As with all super funds, concessional tax rates are beneficial to SMSFs. In the accumulation phase of the fund, there is a 15 percent tax cap on investment income; in the pension phase of the fund, there is no tax payable, this includes capital gains tax. As trustees move into retirement, well-thought-out tax strategies can help them increase their super savings and lessen tax payments. You鈥檒l need to find a company who offers Business Consulting Services WA to help with this. 4. Significant Transparency Transparency offered by the SMSF allows members to align their investment decisions with their personal goals. Whether you are passionate about shares, ethical, or property investing, a SMSF provides complete visibility over tax treatment as well as performance. 5. Cost-Effective An annual tax return and audit must be lodged by the SMSF trustees. ATO fees must be paid annually as well. The more the fund increases, the more cost-effective it becomes. A good Financial Advisory Firm WA can advise you on this subject. 6. Consolidation Trustees of an SMSF can combine their super assets with 1-3 other members, such as family members or partners. The ability to consolidate super accounts, instantly creates a greater fund balance. This larger fund balance increases the fund鈥檚 investment opportunities and assets, but with only one set of fees. Ensure your future is secure by engaging Business Consultant Perth, or a reputable Financial Advisory Firm WA, who can guide and educate you in your self-managed super fund. Contact Armada Accountants and Advisors today to learn how we can help you establish an SMSF and reap the benefits. Total Views: 51Word Count: 450See All articles From Author
Legitimate Work From Home Jobs-Tips On Using The Internet Wisely And Effectively Home Business Articles | May 2, 2009
Legitimate work from home jobs and businesses that are conducted over the internet is a booming industry, with profits way over billions of dollars a year. Wouldn?t you like to be a part of this goldmine and claim your fair share? If your answer is yes, you are reading the right article.
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The internet is truly a medium of wonders. You can find almost anything on it ? even the person that you might marry! Compared to that, finding the ideal online job and business is not very difficult. Once you have done this, the trick to succeeding is to use this medium and exploit it to its fullest. Read on and you will understand how to make the internet work for you.
Start, expand and or supplement
The internet is a very versatile medium and can be used for almost any kind of business, if applied right. Existing businesses have used it as a means to expand their already existing businesses, for example a merchant can introduce the concept of online shopping to take his products to the world. It can be used to supplement a business. This can be done in terms of a part time job that supplements an existing income or better still and what we are concerned with ? to start a legitimate work from home business or job. The adaptable nature of this wonderful medium is what gives you the freedom and flexibility of a great source of income via it.
Low costs with far reaching capabilities
The biggest advantage of the internet is its amazingly low costs, especially when you compare it to what it can offer you. For example, if you are selling a product as a legitimate work form home business, then the internet can take your product to the world at the same cost that it is doing it locally. The wise way to capitalise on this advantage is to plan your selling strategy well. In order to make the internet really work for you, look beyond your locality, explore the bigger picture. Look at selling your products to your state, country and maybe even worldwide and then you will truly see what this medium can do for you. The added advantage is that you need not actually have a display area for your products as they are being bought online. You just need an area to store them.