by Chad Nean
Running a successful business takes a lot of time and energy. So perhaps it’s no surprise that many business owners get caught up in the day to day and neglect to plan for their own financial comfort into the future.
The older you get, however, the more important it becomes to ensure your retirement plans are independent of your business plans. That way if something unexpected happens on the business front, your future lifestyle will be insulated.
It is surprising how many successful people are unaware of the benefits of super. Depending on when you were born, your superannuation can be accessed between 55-60 years old. There are considerable tax advantages, too, when putting money into super, especially if you are a high-income earner.
Other benefits for business owners might include buying premises within your superfund and leasing it to your business. And of course, superannuation is a form of saving, which can be useful for those who want to build assets for life beyond their businesses.
At Lambourne Partners, we like to help you organise your finances so they are as strong as possible for all contingencies. We like to think of it as providing our clients with an umbrella of protection.
Now a Self-managed Superannuation Fund is not for everyone. At Lambourne Partners we can assess whether a superannuation fund will benefit you. We also work very closely with the Wealth division of our business to help with you with building a resilient umbrella of protection. Our Wealth Advisors are just downstairs from our accountants and perform their work with the same scrupulous attention to detail that our clients have come to expect from us.
If you’re not sure about your super, talk to us about how we can help make it best work for you.