Superannuation Management

Accounting, tax reviews and QROPS management are essential for planning a move to Australia. bdhSterling ensures you follow the correct procedures and adhere to the region’s rules and regulations, so you can move your money without worry.

As you would expect when emigrating to a new country, there are different schemes, policies and plans when it comes to managing investments and pensions (including  QROPS). This is especially true of Australia, where there are a number of ways to transfer or manage your finances. The following information explains some of the terminology used in Australia for tax, pensions and savings, as well as how bdhSterling can help you navigate the options.

Australia Superannuation

Superannuation, also known as a ‘super’, is money put into a fund during your career or working life that will support you financially in retirement. There are various ways money can be added to the fund. And there are a number of investment strategies and methods that can be used to build your superannuation over time.

Our financial planning team at bdhSterling can help you understand your superannuation fund and inform you of ways you can increase the amount you save. We do this using the following services:

Consolidation / Rollover Advice

Do you have multiple super accounts that you struggle to keep track of? Consolidating or ‘rolling over’ your super funds into a single account is one way you can take control and keep a closer eye on your retirement funds.

By keeping and managing just one super account, you only need to worry about one set of fees and one super total, controlled by a single investment strategy. When we rollover your accounts, we can also help you track down any super that you may have misplaced or forgotten.

Asset Allocation and Management Advice

Many super funds have their own investment strategies, which place their members into certain predefined categories. We know that sometimes this approach isn’t the best way to grow your super, as it doesn’t necessarily take into account your personal goals and circumstances. Our financial planners are qualified to provide advice on the best way to manage your super and allocate your assets into particular ‘classes’.

bdhSterling experts help you identify an investment strategy that’s right for your own financial objectives and assist you in deciding what percentage of your super you want to allocate to each asset class. They also provide ongoing management, advice and reviews to ensure your super strategy is working well for you and continues to help you move towards your goals.

Property in Super

You may decide you want to set up a Self-Managed Super Fund (SMSF) to invest in residential property. If this is the case, it is important to be aware that there are a number of regulations to consider when purchasing ‘property in super’. Our financial planning team can guide you through the process and help you decide whether this type of investment is right for you.

At bdhSterling, we consider your financial strategy carefully, ensuring that property investment is consistent with the investment plan and risk profile associated with your super fund. We explain everything you need to know about this type of investment, from understanding the Limited Recourse Borrowing Agreement (LRBA) you will need to be able to borrow from within the SMSF, to compliance rules regulating investments within any SMSF.

If you decide that property in super is right for you, your bdhSterling financial planner will arrange for you to meet one of our property investment advisers from The Hopkins Group. They will work closely with your financial planner to understand your personal situation and provide recommendations on properties appropriate for your type of investment.

The Hopkins Group is a company we have a close working relationship with and which has over 35 years’ experience giving property investment advice. Together, along with our strict due diligence process, we will ensure you find the right property for your investment strategy.

Find out more about our property investment services here, or contact us to discuss the potential of property in super with one of our financial planners today.

For more information on your Superannuation fund or to discuss asset allocation and advisory services, click here for additional contact information.