Is your Business your Super?

A survey of small business owners showed that 66% intend to use their business as their primary source of retirement income.  For many, this is the reality, because a growing business’s demand for reinvestment of profits into infrastructure, stock and debtors doesn’t leave enough to enable the accumulation of an independent investment portfolio.

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Super Death!

It was Benjamin Franklin that coined the phrase, “In this world nothing is certain but death and taxes”. In this article we address how both these certainties can affect your superannuation benefits.

In 2006, “Simple Super” was introduced. In typical fashion, while some items were simplified, other items became more complex as a result of the changes! 

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FREE SEMINARS

Transitioning to Retirement

"If you are between 55 and 65 and still working, this seminar could save you thousand of dollars"

When: 29 October 2008

Where: Prime Partners Boardroom, Level 1, 230 Victoria Road, Gladesville

When: 6.30pm

Contact: Rachel Leard at info@primepartners.com.au

Super Strategies for Small Business Owners

When: 25 November 2008

Where: Prime Partners Boardroom, Level 1, 230 Victoria Road, Gladesville

When: 6.30pm

Contact: Rachel Leard at info@primepartners.com.au

Don't go AWOL from your fund!

You are planning your once-in-a-lifetime world trip, with months of stopping off in exotic countries… savouring the flavours of the different cultures… not a care in the world.

You've left the workforce, so there's no point in hurrying back… But what happens to your self-managed super fund (SMSF) while you are out of the country?

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Shop with pre-approval

You wouldn't go shopping without a credit card limit, so why go house hunting without being certain of how much you can afford to borrow?

Home loan pre-approval will stop you from falling in love with a property and then finding out it is financially out of reach. It gives you the ability to know your limit and the peace of mind to be able to put in an offer.

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Weddings, babies and finishing at 4! 

In addition to the day-to-day happenings and sharing in the personal accomplishments of our clients, some of the staff at Prime Partners have some news of their own!

Congratulations to Virginia Gould who became engaged in June to Marco Bisoglio. The happy couple will be married next year in May.

Our best wishes also to Karen Parry who, as of Friday 12 September, is on 8 months maternity leave. Karen is expecting the arrival of her baby in early October.

In Karen's absence, Abe Hammoud will be taking control of the Superannuation division. Abe has been a member of the Prime Partners team for many years now and brings a wealth of knowledge to his new position within the company.

Prime Partners has registered to participate in the "Finish Friday @ 4" campaign. Running during the month of November, this is an initiative of Diabetes Australia and is designed to raise much needed funds for the organisation as well as to increase community awareness of this disease that continues to grow in epidemic proportions. For more information on how your business can get involved in "Finish Friday @ 4" visit www.finishfridayatfour.com.au.