One of the major tasks undertaken by tax accountants is to ensure that clients get the best possible return from their investments. This involves not only maximising income, but also minimising tax liability through the utilisation of appropriate strategies and structures.
The bottom line is that an investment should not only generate a good return, but should also put an investor in a position which maximises the use of hard earned savings. Some investments will grow your money and others will produce income. The final choice is yours, but you certainly need specialist advice when it comes to making a decision.
One of the most critical points an investment adviser covers is your risk profile. This simply means that if you want to undertake an aggressive investment strategy with the aim of obtaining quick profits, your adviser would be able to recommend quick return but high risk opportunities.
Shopping online is a lot of fun, and it’s also a great way of spending money. Lots of money. If you happen to be buying an LCD TV and a few things to go with it, you can find that you’re spending more than you realize, if you’re not careful. The idea is to have all that fun without giving your credit card a nervous breakdown.
As more and more people are choosing to invest in Self Managed Super Funds (SMSFs), we have produced this guide to give you an idea of the basics and help you decide if this form of superannuation is of interest to you.
What is a Self Managed Super Fund?
A Self Managed Superannuation Fund or DIY Super fund is a fund established by fewer than five individuals, where the members of the fund are also the trustees. This gives the members total control its management.