Independent succession advice for your family business and family wealth

How will we make your family business great? Through considered insight into succession strategy looking at all aspects – including superannuation tax strategy and family business transfer

Superannuation and Succession

Superannuation is often overlooked in family business.  We think it is an integral and key part in family owned business.

You cannot talk about creating a legacy or succession planning in family businesses without talking superannuation.  We use SMSF as a tool to leverage your families wealth creation and business succession.

And in a world where almost everybody has ideas on where you should invest: we understand how important it is to deal with somebody who is independent and impartial.  That is why we will never approach you with investments where we are paid a success fee or a fee as a percentage.

We employ a number of staff who are CA SMSF Specialists and members of SPAA (the SMSF Professional Association of Australia).

Our highly qualified team can provide advice on all aspects of SMSF management, including:

  • Pension segregation strategies
  • Contribution thresholds
  • Instalment warrants/borrowing strategies
  • Multiple pension strategies
  • Statutory reporting
  • Review of SMSF deeds
  • Transfer of life interests
  • Contribution cycling

We always make sure that we consider these strategies in the context of a cost-benefit position for our client, as well as a risk position, so you can be assured that your assets are in safe hands.  Our advice on superannuation and estate planning is a critical part in running a business and creating a legacy for your family. We have specialist superannuation and estate planning professionals on hand who intimately understand how superannuation funds work within a family business environment.

Independent advice

Westcourt is independent and does not promote any particular investment product. Our fees are not success-based or calculated on a commission-like basis (as a percentage).

We hold an Australian Financial Services License that allows us to give strategic financial advice without the element of investment promotion. We passionately believe that an accounting advisor should be independent, unbiased and impartial. In today’s world of wealth creation, splitting the advice role from the investment promotion role is the cornerstone of generating trust.

We have a number of relationships with well-respected stockbrokers, real estate agents, property developers and financial planners and we are happy to work with those advisors to help our clients.

And for all of these advisors – we promise that we will never become a “one-stop-shop” and try to poach your clients.  We will even put it in writing.  We respect what you do and appreciate it.

We also appoint external SMSF auditors to ensure independence. We can source a fast, efficient auditor or we can work with any auditor of your choice.

To find out what Westcourt can do for the Superannuation strategy of your family-owned business, get in touch today.

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