radford tax logo
07 5495 4100 ◆

Testimonials

TOTALLY_AUTOMOTIVE_LOGO-1940x598

We have been with Radford Accounting for 12 years. Peter has helped from the very first day we commenced business and is always just a phone call away to guide us through.We have always been able to rely on great service from Peter and the team.

The Wilmington’s
Totally Automotive
www.totallyautomotive.com.au

Being a client of Peter Radford Accounting for many years now, I find Peter and all of his staff are approachable, and consistently demonstrate exceptional professionalism and dedication.  Utilizing their extensive knowledge of tax and accounting, they are able to provide reliable and expert advice with outstanding service.  I would recommend them without hesitation.

Sally York
Managing Director
Yorkbuild

maximise your business's value

latest news

What Is A Retirement Planning Scheme?

Posted on April 21, 2021 by admin

With a significant number of Australians approaching retirement and looking at the best ways to maximise their retirement assets and income from their super for it, retirement planning makes sense.

Unfortunately, there are those who want to target people approaching and planning for their retirement with schemes designed to ‘help’ retirees and prospective retirees avoid paying tax by channelling their income through a self-managed super fund.

Retirement planning schemes are designed to help people avoid paying tax on the income earned through their assets (often in an illegal manner). Those schemes may seem like a simple get-rich-quick solution in maximising assets and income for retirement but can put people’s entire retirement savings at risk.

Anyone can fall prey to a retirement planning scheme. Anyone who is looking to put significant amounts of money into superannuation can be at risk of being ensnared, particularly those who are over 50, and who are:

Checking for standard features of retirement planning schemes can be an excellent way to avoid becoming tangled in one. Retirement planning schemes usually:

Currently, there are a number of schemes targeted towards those individuals who currently have an SMSF, as they have a high level of control and autonomy in the way that their retirement savings are invested (subject to applicable tax and super laws).

Some examples of retirement planning schemes include:

To avoid becoming a part of a retirement planning scheme, seek professional advice on super or SMSFs from an accountant.

radford tax associationsradford tax associationsradford tax associations