Do You Have Enough Super?
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  Date: 01/11/2010 Too many business people don't prepare properly for their own retirement - they're letting tax benefits go begging. Recent research shows that many business owners are not satisfied with their retirement planning arrangements, and only in three intends to invest more in superannuation when they sell their business and retire. Peter O'Toole of financial advisory firm Portfolio & Wealth Management, says that indicates a lack of awareness of the advantages that can be derived from super. In particular, small business Capital Gains Tax concessions can bemost helpful, especially when a business is being sold. The rules may be complex, but they're well worth exploring with both a financial adviser and your accountant. There are also benefits from holding life insurance and death or disablement policies within a super fund. Early investment in super will pay dividends when it comes time to consider selling up and retiring - don't leave it until the last minute! Topics: Investment, Management, Personal Development |
 Peter O'Toole, Portfolio & Wealth Management |