Making sense superannuation
Superannuation funds have a lot of rules and are hard to understand. Our experienced team will look at your unique situation and help you understand your responsibilities, as well as the rules and laws that govern the right super structure for you.
We'll keep you up to date on the latest changes to the laws that affect your retirement savings. Mint Financial Solutions can also help you come up with a customised plan for your super fund that will help you get the best results possible.
Superannuation Advice
With so many choices for superannuation, we can help you come up with the best plan to make sure you get the most out of it.
We can help you choose the right retirement plan so that you can get the most out of it. Mint Financial Solutions can also help you make a customised retirement plan that gives you the peace of mind that you'll have more than enough money when you retire.
Retirement and Pension Advice
Also, Mint Financial Solutions can help you make a personalised plan for retirement that will give you peace of mind that you'll be able to live comfortably in your golden years.
Let us help you find your way through the complicated financial options for retirement so that you can live comfortably in your golden years.
General Advice and Compliance
General Information Regarding Fund Administration. We are available to answer any general SMSF questions you may have. General SIS Act and SIS Regulations Compliance Assuring that your annual fund audit is completed and submitted on time, and that you can pass the SMSF "sole purpose" test.
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Tax ReturnsTax Effective Super
How Tax Effective is Super? Most people can save much more if they save through their super than if they save the same amount outside of super. First of all, your employer's contributions (up to a certain limit) and any returns on your retirement savings are taxed at a maximum of 15% instead of your marginal tax rate, which could be as high as 46.50%.
Super Flexiblity
With more strategies and ways to reach your retirement goals, your pension is becoming more flexible:
Contributions Advice
When money is put into a pension plan, this is called a "contribution." There are donations that are made before taxes are taken out and donations that are made after taxes are taken out. Both ways of giving can be accepted (non-concessional contributions).
Contributions that don't have to be taxed yet are called "concessional contributions." These contributions are taxed at 15% (30% if you make more than $300,000 per year), which may be a lot less than your marginal tax rate. Contributions that don't qualify for a tax break aren't taxed in any way.
There are limits on both types of contributions, some of which change based on the age of the person making the contribution.
Why Choose Mint Financial Solutions
Our Superannuation Division's primary objective is to give you with straightforward and cutting-edge solutions that enable you to make the best decision for your Superannuation fund / self-managed super fund (SMSF). Our devoted team of accountants and superannuation services experts give comprehensive advise on the tax benefits of superannuation and will assist you with every aspect of your retail fund or SMSF.
SMSFs are a common substitute for conventional superannuation funds. One of the primary reasons for establishing these DIY funds is the desire for greater investment control and flexibility. SMSFs are customised vehicles for asset building and succession that can provide tax-efficient income streams to retirees. They have a low tax rate of up to 15%, giving investors and company owners with considerable financial incentives to take a more active role in preparing for retirement. While establishing an SMSF might be relatively straightforward, managing ongoing compliance and regulatory duties needs extensive knowledge and expert superannuation guidance.
Through our superannuation services, Mint Financial Solutions can give expert guidance to assist you efficiently manage compliance expenses and move forwards. However, SMSFs are not for everyone and should only be explored when the size of the fund is suitable. Please let us know if you require any additional information regarding the possibility of its utility for you. Today, speak with one of our SMSF accountants in Oakleigh. Please note that in certain cases, qualified financial planner expertise may be necessary, which we may arrange.
Improving Your Superannuation
Over two thirds of Australians say they wish they could retire to a better way of life than they do now. This shows that more needs to be done. So, it's in your best interest to start saving for retirement as soon as you can. The Lost Super Report found that about three-quarters of people have said they wish they had taken better care of their superpowers when they were younger.
Superannuation Growth
When compared to other ways to invest, getting help with your superannuation could lead to a lot of growth and a lot of tax breaks. Depending on how old you are and how much money you have, you may not have to pay tax on them.
We are not connected to any banks or companies that offer retirement services. Our team of skilled superannuation consultants in Oakleigh can give you personalised advice about your retirement savings. We care more about your own financial goals than about how much money the bank makes.
We know more about financial planning than anyone else, and our goal is to help you reach your financial goals. Mint Financial Solutions can help you take care of your assets, get a better handle on your budget, get better financial advice, and take care of your retirement plans.
SMSF Compliance
It comes as no surprise that Self-Managed Super Funds (SMSFs) are Australia's fastest-growing investment vehicle, given the effective tax rates and improved control over assets and investment options. In order for an SMSF to obtain these benefits, it must adhere with the applicable laws and regulations. In addition, there is a substantial administrative burden associated with reviewing documents, monitoring contributions, preparing reports, and organising an annual audit, all of which can distract you from what's most important: managing the accumulation of wealth for the retirement benefit of members.
Our client-centric superannuation team can alleviate the burden of compliance and daily administration. By monitoring and reporting on the SMSFs of our clients on a regular basis, we are better equipped to discover compliance issues or potential violations regarding contributions and other legislative difficulties. In addition, our superannuation team collaborates closely with our Wealth Advisory division to provide you with immediate access to financial advice.
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