I want my business to be my super – can I do that?

Self Managed Superannuation Funds Simplified

SMSF Simplified

Many Business owners are planning to sell their business – and they say their “business is to be my super” – but can they do that?

This depends on several considerations –

  1. How much is it really worth – get independent value
  2. What can you do to increase it’s value – consider time frame available
  3. How to actually sell for the best price – who to help?
  4. Sell to someone within the business eg manager/director
  5. Family involvement/succession issues?
  6. Tax issues of being outside of super environment (eg no tax free pension or tax free withdrawal when eligible)
  7. Your Industry – the future
    1. Growing demand, or
    2. Dying/Contracting?

There are more considerations – but the main issues around business and super are

1              When I sell my business – can it be my super?
2              Can I invest my super money in my company?
3              Commercial Property in SMSF

To learn more step by step, come to a seminar – see Seminar page http://wp.me/P1sLJd-f


About SuperBenefitnews

Self-Managed Superannuation Service Providers in Australia. SuperBenefit will SET UP your SMSF and provide investment education for a better result. We take care of all your administration, accounting, ATO lodgement and audit of SMSFs, working with you and your advisors. If you want advice we can arrange one of our recommended advisors and accountants to meet with you, as we do not give advice, but take instruction only. Take control of your super, including property shares and other assets. Learn how to be your own advisor - make better decisions - by being mentored and coached to invest your own super wisely and strategically by qualified partners. Book to come to an event to find out more, or - Call us 0407 361 596, no obligation FREE strategy call.
This entry was posted in SMSF Basics - all to know, SMSF Seminars, Super Law & Compliance and tagged , , , , , , . Bookmark the permalink.

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