couple holding keys

Combining super to invest in property

Looking to secure their future, a husband and wife approached us to explore the opportunity to invest in property via a self-managed superannuation fund (smsf).  The husband and wife had less than $100,000 in super between them.  The wife had a sister who was also interested in joining them in the fund, she had $70,000.

Prestige Accounting together with our partners, assisted them to combine their super in a smsf and purchase a property.  The clients were very comfortable in including a sister into the fund as superannuation is kept completely separate from your own personal finances outside of super and each member has their own balance within the fund.

Four years later, the value of the property has increased significantly, and together with the ongoing employer contributions into the fund, the fund has now doubled in value.

FAQs

How easy is it to switch to Prestige?

It is a straight forward process we do for you. If necessary, we contact your previous Accountant to arrange transfer of all information, documents and software, allowing for a seamless transition.

What are your fees / pricing?

We can provide you with a fixed quote with no hidden surprises. A package is often tailored to suit you, which can be paid on a monthly basis or at the time of assisting you. We do not provide generic pricing as we find clients requirements, current situation and future ambitions to be very different. Our fees are very competitive.

What software do you use?

We will work with the software you use and are familiar with. We only suggest change if there are clear benefits to you and your business. Having said that, new Accounting software is released regularly and as your business grows, we can consider new options as they become available. Software companies are now delivering comprehensive packages which not only assist you with your record keeping and reports, but provide insight into the future assisting you with decision making.

Can you assist with my business start up?

Yes, invite us on your journey! We often begin by assisting you with your legal structure, planning and defining the end goal. Business start ups are exceptionally satisfying for us, particularly as the business develops and milestones are achieved.

Do you provide education as part of the process?

Yes, we want you to receive maximum benefit from our services. Whilst all clients are different, we do encourage you to understand the various aspects of how we assist you. If there is something on your mind, we want to hear from you.

FREE initial strategy meeting

More than a meet and greet, together we can examine where you are at, consider any pressing matters and gain an understanding of your end goal. From there we can use our expertise to identify strategies suited to you and develop a plan as to how we can partner together, benefiting you.

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