@ copyright 2003 Universal Consultancy Services Wealth Creation Accountants

DIY - Self Managed Super Fund

Universal Consultancy Services

Welcome to the Introduction

Slide Show

There are 9 Slides in the show – Please Click on screen to Change Slides

@ copyright 2003 Universal Consultancy Services Wealth Creation Accountants

Our Objective Today ………

Show you how to Legally Reduce your Income TaxExplain the term “SUPER GEARING”Give you an Understanding on Superannuation & SMSFShow you the benefits of Self ManagementDemonstrate How SMSF can be OperatedWhat a DIY Super Fund can and cannot doShow you how you can Retire with more in your Superannuation Fund Answer your Queries

@ copyright 2003 Universal Consultancy Services Wealth Creation Accountants

Current Situation ….

Income $ 80,000

Balance Cash $55,000

Mortgage$300K @ 7%

PAYG TAX

Bank Profit30% Tax

Super 9%$7,200

Balance Cash$34,000

TAX

GST

26,180

3,000

$1,080

3,090

Total Income $ 87,200

TOTAL TAX $33,350 OR

38.25 CENTS ON EVERY DOLLAR

YOUR EARN

@ copyright 2003 Universal Consultancy Services Wealth Creation Accountants

How The Tax Office Stops you from Retiring Comfortably……….

• By Collecting your Money before you• By Taxing you more – if you earn more

• Over 50% tax if GST is included on Income over $62.5K

• New Taxes – Superannuation Surcharge– Medical Surcharge

• Sets it’s Own Rules– Collecting Capital Gain Tax without Giving you a Benefit

on Tax on Capital Loss• By Taxing your Retirement Asset Three times

– When Money goes in Super – Contribution Tax– When Money grows in Super – Tax Income– When Money Comes Out of Super – Lump

Sum Payments

@ copyright 2003 Universal Consultancy Services Wealth Creation Accountants

What is SELF MANAGED SUPER FUND Created for Retirement benefits of Beneficiaries

(you)

Trustee (you) control the investment decision and the asset mix

Between 1 and 4 Members

Pay tax @ 15% on contributions and Income

When you retire, you can pay yourself a pension from your fund

May cost you less than your current Super Fund

@ copyright 2003 Universal Consultancy Services Wealth Creation Accountants

Property PurchasedTenants in Common

•  . Own Home

ƒ ‚               

‘. Super Funds .

Investment Property

Mrs & Mr

@ copyright 2003 Universal Consultancy Services Wealth Creation Accountants

Universal Consultancy ServicesWho are ……. UC Services

• UC Services are Licensed By the Tax Office & Australian Securities and Investment Commission to Give Tax Advice to DIY Super Funds. Audit SMSF and lodge Income Tax Returns and other reports to the AT0

• UC Services are Registered Tax Agents & Accountants since 1995 i.e. over 9 years. The principle of the practice have been in Public Practice since 1988 i.e. over 15 years.

• UC Services Last year assisted over 200 trustees to administer their DIY Super Funds

@ copyright 2003 Universal Consultancy Services Wealth Creation Accountants

What you can Learnat the Seminar …..

• Paying off your Own Home is not the best strategy for high income earners (Income higher than $62,500)

• In Real Terms, Values of Investment Properties have NOT doubled in the past 10 years

• It takes 20 years for properties to double & Negative Gearing is NOT THE BEST Strategy for wealth creation

• Advantages of DIY Super Fund for Self Employed

• How to Purchase Investment Property With your DIY Super Fund

@ copyright 2003 Universal Consultancy Services Wealth Creation Accountants

How to attend our Seminar

• Check our website for next seminar date and time

www.diysuperfund.com.au

• Phone our office to book your seat

02 9638 3966

• Or Email us to book your seat

seminar@diysuperfund.com.au