Superannuation

Superannuation is often the largest asset we own, apart from our home. Due to its generous tax incentives, Super is undeniably an effective way to save for retirment. It plays an essential role in your long-term wealth, but is often neglected until people are closer to retirement. An appropriate super product coupled with the right investment strategy can make a significant difference to your future retirement lifestyle. At Simplify FP, we can help you take control of your super by:

Assessing whether you are in a good fund.
Develop an appropriate investment strategy.
Utilizing tax effective contribution strategies.
Provide insurance solutions within your super.
Income Stream/Pension phase planning.
Where super fits in with your overall Estate Plan.
Specialist Self Managed Super Fund (SMSF) advice.
GESB Gold State & Weststate Super advice.

If you are unsure about your super options, call Simplify FP for an obligation free assessment.

SMSF

A Self Managed Super Fund (SMSF) is an extension to super. The difference between an SMSF and other types of super funds is that the members of an SMSF are usually also the trustees. This means that the members of an SMSF are responsible for all investment decisions and administration tasks, such as accounting, auditing, and complying with the super and tax laws.

Due to the added complexity, an SMSF is not suitable for all investors. However, for the right investor it can be a very powerful wealth creation and estate planning vehicle. An SMSF allows you to pool your super balances with your family members to access more cost effective investment strategies. We can work with you to identify if an SMSF is suitable for you, and educate you on all the benefits, obligations, and responsibilities of running an SMSF.

How we can help you:

Tax planning and administration
Arrange for the annual tax returns, financials & audit
Legislative compliance requirements
Assistance with establishing SMSFs
Assistance with establishing LRBAs
Commencing income streams
Advice on the funds investment strategy
Estate planning for fund members
Stategic SMSF advice

Safeguard your SMSF and draw upon our expertise on this structure.

GESB Super Advice

…tread carefully.

The older GESB West State and Gold State super funds offer unique features, such as lower fees, higher contributions limits, and greater certainty of retirement outcomes. These clear benefits are unfortunately, often misunderstood.

These funds are available specifically for those employed with the WA State Government sector and are closed to new members since 16 April 2017. If unsure, call GESB directly, or find a trusted Financial Advisor who is familiar with the ins and outs of the GESB environment.

We have extensive experience around the complexities of providing advice on GESB Gold State and West State. If you are currently employed, or have been employed by the WA State Government sector and hold either of these two funds, contact us to ensure you are maximising the opportunities these funds offer.