Wealth Management West in West Perth, Western Australia | Financial service

Wealth Management West

Locality: West Perth, Western Australia

Phone: +61 412 167 380

Address: Unit 4, 929 Wellington Street 6005 West Perth, WA, Australia

Website: http://www.wmwest.com.au

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25.01.2022 Remember that the $200,000 is the collective balances of the multiple members. So, for example, for a husband and wife with combined super balances of $200,000 or more, a SMSF is a viable option. You can take control of your financial future and have it cost the same or less than it is costing you now. https://smstrusteenews.com.au//smsfs-are-cost-competitive/

24.01.2022 Final Part of our discussion with Mitch of Moroney & Associates about all things SMSF.

23.01.2022 We will still be around this during festive season, operating on reduced hours. So if you want to chat, email [email protected] with a query, comment and your mobile. We are HAPPY to answer to answer any questions about your superannuation, SMSFs and your needs.... Please have a safe, enjoyable and laugh filled time. Thank you for all your support during the 2020 year. Smile and Enjoy From the team at Wealth Management West.

20.01.2022 Will the industry, you're Industry Super Fund is in, still be viable when you retire. Industry Funds rely heavily on the contributions of the current workforce to provide the cash flow. Allowing them to make the cash payments to there retired members. What if, when you retire, technology, environmental and other factors have significantly reduced the size of that workforce and the capability of the Industry Fund to pay you in your retirement.... So your retirement savings shrink because the the Industry Fund has not made investment decisions that benefit your financial future. Rather they have made decisions that support their current cash flow needs. What happens when the volume of retired members is greater than the volume of contributing members. The next 10 years will see significant changes in our workforce, particularly as a result of technology, adapting to climate change, political and social change. Why not sure up your financial future by taking control of your superannuation. Harnessing an approach to superannuation which can adapt with times and be the financial vehicle you need it to be. Contact us via email [email protected] or call Darren on 0412 167 380 to discuss an SMSF. Can't hurt to chat. Don't forget to like our page, just in case our services may not be for you now but you think they may be relevant to you in the future.

19.01.2022 BE YOUR OWN LANDLORD and pay the rent to (future) self. A common reason a SMSF is established is to acquire the commercial property being used to run your business. Dentists, Doctors, Restaurants, Mechanics, Lawyers and so on, are building up there superannuation whilst taking control of their working environment.... If this is if interest to you, contact us. Email [email protected] or call Darren on 0412 167 380. Like our Page if you feel you may not be ready for a SMSF but may be in the future.

18.01.2022 Mitch and Darren talking all things SMSF (part 1).

16.01.2022 Stop waiting for the next chapter. That feeling like your life is still in a To Be Continued stage. Take control and write the story yourself. Start an SMSF with us as your support team. Tailor your superannuation to your style and gain complete control over how it is managed. You can ensure it operates in unison with your financial circumstances, your estate planning concerns, your contribution structuring and your expected retirement outcomes. ... Its about you, not what fits within the parameters set by a person you have never met. You can even have three other members join you and pool your superannuation into basket, expanding your opportunities for diversification and financial growth. Don't wait for someone else to tell when the story is to be continued. If you have an existing SMSF and you need SMSF specialist services, let us know. Contact us via [email protected] or call Darren on 0412 167 380. Don't forget to like our Facebook page, particularly if you think you may need us in the future, even though you are not ready for an SMSF now.

14.01.2022 All this talk of Trade Wars between Australia and China or China and the USA or, well China and everyone else, apparently. You may be wary of the impact it may have, even if not directly affected. How do you know how exposed your superannuation provider is to it ? What projects has the provider invested in that are tied up with international investors such as China ? You don't really know and you can't adjust as circumstances change. With a SMSF, you are in control. You can a...dapt, manage and adjust as you feel appropriate. Talk to us about establishing a SMSF. This way you have control of the decisions being made on your behalf, can preempt and react to situations quickly. Don't forget to like our page, just in case you are not quite ready for a SMSF but feel we may be of assistance in the future.

12.01.2022 What is the difference between having the superannuation benefit paid to the estate versus paying it to the beneficiary directly. If paid direct, the lump sum payment is considered income. It is added to the beneficiary's personal taxable income, moving them to a higher tax bracket and may affect there entitlements such Family Tax Allowance, whilst incurring the medicare levy. When paid via the estate, any tax is calculated within the estate before it is paid to the beneficia...ry. As such, the payment is not included as personal taxable income to the beneficiary. So the death benefit may incur additional tax (in the form of the medicare levy) and cause your beneficiary to loose entitlements they may need because of their increased taxable income. This is just one of the elements you need to consider when reviewing your estate planning needs and how they operate in unison with your superannuation. SMSFs are the most flexible in this regard. The same is true in regards how a SMSF ties in with the age pension, income streams, your contribution regime and so on. If you are considering a SMSF and would like to discuss, contact us via [email protected] or call Darren on 0412 167 380. Like our facebook page where you feel you are not ready to discuss but want a reminder that we are here to help you, when you are.

08.01.2022 Part 2 of my discussion with Mitch of Moroney & Associates

04.01.2022 Whether it be for Family, Future, Friends, Financial Wellbeing or even just Fun...... This Year Our Focus changes Our participation in our own Future begins... This is the Year, You take control Focusing for your Future And for your family, your life and your dreams Take control. Control over how your money is invested, ethically and for your interest - not the interests of a union or a bank, where the decisions are made by someone else, for someone else and you pay a parade of fees. Establish a SMSF. Contact us via [email protected] or call Darren on 0412 167 380.

04.01.2022 With all this uncertainty in the world today, it is easy to get scared about your financial future. The world has a variety of challenges ahead. All spanning from the environmental, technological, political, economic and social changes that are on the way. For now, you may be allowing someone else to navigate these times, in the hope they will secure your future. Instead you can take control. ... Talk to us about establishing a SMSF. This way you have control of the decisions being made on your behalf, can preempt and react to situations quickly. Don't forget to like our page, just in case you are not quite ready for a SMSF but feel we made of assistance in the future.

04.01.2022 Sometimes you've made a decision and you're ready to go. Unfortunately the universe isn't ready for you. SMSFs are the same. They take time to establish. So when you make the decision to commence one because you've found a property you want to invest in or you think it is the perfect time to buy precious metals (such as Gold, Silver) or shares in Afterpay (for example only), there are delays.... You have to set up the SMSF and allow time for your superannuation to be rolled out of its current provider into the SMSF. So if you are thinking of establishing an SMSF but are waiting for the right time, you may wait too long and miss the opportunity you have been waiting for. Take control. Establish a SMSF.