17 Nov The Benefits of Superannuation for Small Businesses
Many small business owners do not see the benefit of superannuation because they expect that the proceeds from the sale of their business will be their super when they make the decision to retire.
Unfortunately this is a plan dependent on only one option, and that is the value of your business on the day you sell it. This is less predictable compared with having a well-thought-out superannuation plan that has a pool of funds that will be needed during the years of retirement.
Did you know…
…that the money you add to your superannuation fund is tax deductible to your business, and the capital gain within your super on retirement is tax free?
Sound like a good plan?
If you have any questions regarding superannuation for small business, please call us on 1300 88 95 11