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

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About SuperBenefitnews

Self-Managed Superannuation Service Providers in Australia. SuperBenefit provides a wholistic SMSF assistance, education and administration service continuum - 1. “assistance” is help of whatsoever nature where our overall SMSF experience and knowledge enables us to provide assistance/help without any legal (or “license”) limitations. 2. “education” involves providing knowledge through teaching, coaching and mentoring about all matters SMSF, including (but not limited to) investment issues such as equities and property, 3. “administration” encompasses all admin aspects of legally required SMSF trustee and member record keeping including (but not limited to) audit and ATO matters. In keeping with our key point that SuperBenefit does not provide Financial Advice, where issues arise from 1, 2, and/or 3 above Indicate a need for a legally authorized provider (such as a Financial Adviser) and the client does not have their own service provider, the client can utilize SuperBenefit’s ‘Connect Assist’ … SuperBenefit, in itself, does not provide Financial Advice, but it does provide the wherewithal for great SMSF service. WE do not provide Financial Advice or any other service that requires a legally authorized provider. However, where such advice or service is required we have our ‘Connect Assist’, a SuperBenefit resource we use to connect clients to a Licensed Advisor or other legally authorised service provider. Call us 0407 361 596, no obligation FREE Connection call to see how we can help you!
This entry was posted in SMSF Basics - all to know, SMSF Seminars, Super Law & Compliance and tagged , , , , , , . Bookmark the permalink.

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