What We Can Offer You
The team at Coastal Tax have an extensive amount of knowledge that could see your super fund improve exponentially. We understand that Super can be quite overwhelming and a difficult concept to grasp, with numerous options to choose from, confusing fees, and mountains of information to sift through. If you require retirement planning advice in Newcastle (and beyond!), let us take the guess work out of what you need to give consideration when finding the right option for your future.
SELF-MANAGED SUPER FUNDS
You may have heard numerous cases of successful and well-off individuals setting up a SMSF, taking charge of their investments, running the fund for the sole purpose of providing retirement benefits for the members and their dependants.
Well, what’s stopping you from doing the same? Concerned that you will have sole responsibility for the investment decisions for the fund? Or maybe you’re not so sure about complying with the multitude of super and tax laws. Don’t let this put you off, in affiliation with Bottrell Wealth under their licensee GPS Wealth, Bottrell Wealth are accredited SMSF service providers, and can help in the establishment, administration and strategies associated in setting up.
INSURANCE THROUGH SUPERANNUATION
MySuper funds have a certain level of death, disability and income protection insurance that you will be automatically covered for. If you wish to received insurance through a third party, you will need to tell your super fund that you do want to be covered via their services.
However, insurance is often cheaper through super, although the default cover available may not cover you for the events and circumstances you require. It is wise to review your insurance policy with your super fund, and address alternative options.
If you’ve decided to manage your own super, Coastal Tax are ready to assist you set up a self-managed superannuation fund (SMSF). Your SMSF needs to be set up correctly to be eligible for tax concessions and to make it easier to administrate once up and running. Our experienced staff make this process hassle-free so you don’t have to stress about the details.
Setting up a SMSF gives you control over the investment decisions for the fund and makes you responsible for complying with the super and tax laws. It’s a major financial decision and something you need the motivation, time and skills to undertake. We can help you navigate the complexities of setting up a SMSF including choosing individual trustees or a corporate trustee, creating the trust deed, preparing minutes appointing your trustees, registering your fund with the ATO and getting an electronic service address.
Bottrell Wealth are the financial division of Bottrell Group. Specialising in financial planning, including, superannuation advice, investment advice, retirement planning, business & personal insurance. Bottrell Wealth are key to maximising your wealth, whether you are a business or an individual. Find out how they can help today!
WHY CHOOSE US?
We take the time to discuss all influences and elements that will see your future stages in life benefit from today’s planning and expansion of your current income. Not only do we show you just how you can successfully and strategically organise your income, Coastal Tax will also give advice on investment arrangements and your overall transition from employment into retirement.
Our Smart Approach
Coastal Accounting & Tax provide quality service and strive to help individuals and businesses reach their full potential. We will always provide you with exceptional advice to keep you moving forward.
Below are a few qualities our team convey:
- Quality work that drives results
- Staff that immerse themselves into your business
- We learn your goals – so we can help you win
- Local talent who are passionate about business
- Understanding of today’s business environment
The advisers of Bottrell Wealth Pty Ltd can provide:
– Financial planning services as Authorised Representatives of GPS Wealth Ltd ABN 17 005 482 726, an Australian Financial Service Licence holder (No 254 544).