Estate, Succession & Wealth Management

You show us the bigger picture; we’ll take care of the finer details.

When your business has come full circle and it’s time to move on, what do you do next? Where do you go from here? Will you be selling it? Or perhaps passing it down to the next generation? A barrage of questions come knocking when the time comes, why not be prepared and make sure it’s organised? Then all you need to do is sit back and watch them fall into place.

Tell us about what you want, what you aspire to do and where you want to be. After creating the game plan for getting to the end zone, we’ll be there throughout openly communicating with you and reflecting your feedback to make sure you always have a choice.

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Meet The Team

Damian Lococo Associate Director Locmans Advisors Melbourne CBD Accountant, Financial Advisor

FAQs

SMSF’s are a private way of saving for your retirement, that you manage yourself and are different from retail or industry super funds like Hostplus, Rest ect. The difference between an SMSF and other types of funds is that the members of an SMSF are usually also the trustees. Managing an SMSF yourself means the freedom to choose the investments,  but are responsible for complying with the super and tax laws.

One of the main advantages of an SMSF is the level of control that trustees have when it comes to tailoring the fund to meet their individual needs. While having control over your own super can be appealing, it’s a lot of work and comes with risk so talk over your options with an expert before committing.

Self Managed Super Funds (SMSF) are allowed to borrow to invest in direct property, managed funds or shares as long as a Limited Recourse Borrowing Arrangement or LBRA is used for the transaction. An LBRA is a financial arrangement, if the trustee defaults on the loan the lenders’ resource is generally limited to the asset acquired which protects the other assets of the SMSF. This may be suitable for you if you need to build retirement savings faster or would like to hold a key property inside the low tax super environment, such as a building premise. Always seek trusted seek financial advice before engaging in a LBRA

SMSF’s can only invest in assets that meet SIS regulations this still includes a broad range of assets, such as:

  • Australian and international shares
  • Residential or commercial property
  • Cash and Term deposits
  • Fixed income products
  • Physical commodities

Expertise You Can Trust

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Get in touch today to discover how Locmans Advisors can help with your accounting and advisory needs.

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