Step 4: Document your strategy– Part 2

By John Sage Melbourne

To continue from component one of documenting your financial strategy,let’s take a look at documenting your present financial structures.

Current financial structures will consist of:

Personal business

If you have a small business or have done so in the past you may have a private business structure which can be beneficial for tax planning as well as additional superannuation contributions.

Family trust fund

Family counts on can be likewise be useful for the circulation of earnings as well as funding gains amongst reduced tax relative. Many private family business are likewise consequently controlled by family counts on.

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Self-managed superannuation fund

A self-managed superannuation fund can be an superb automobile for tax planning as well as administration of superannuation accumulated with previous employers. A Self-managed superannuation fund can likewise be made use of really successfully together with a private family business as well as often a family trust fund.

Device counts on

A system trust fund may be an effective structure to utilize with a private business if you have company companions as well as can be really beneficial for structuring borrowings when self-managed superannuation funds have some involvement with your financial investments.

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