16 Tooronga Terrace Beverly Hills NSW 2209
1300 06 81 91 (Support)

The following case study relates to a real life example of how we helped Jonathan and Katelyn , achieve the following results.

7,000

Savings in annual SMSF tax savings

186%

Increased SMSF investment portfolio

$255,000

Increase in super net wealth

Whilst this is an actual example, all personal details have been changed, for confidentiality purposes.

Our clients


Jonathan and Katelyn had been working for almost over 25 years and had saved around 400,000 AUD in their self managed super funding accounts. They were bringing in a combined yearly income of around 35,000 AUD.

 

Reaching around the age of 50 years, they both wanted to organize their funds strategically as to assuage the concern of income when they decide to retire. Mentioned below are brief details of how ‘Accountant First’ proficient financial consultants guided them to a path of financial.


Problems before approaching “Accountant First’:

  • With their daily busy routine of regular jobs along with managing their personal tasks, Jonathan and Katelyn had no time left to manage their taxes, investments and savings.
  • All their savings was held in a cash account; meaning that although taxes were being deducted, there was no capital profit.
  • Inflation and miscellaneous taxes were diminishing the cash investments.
  • They required super fund management guidance by experts to help them straighten out their financial cash flows and help to develop a firm and effective investment plan.

Approaches Accountant first’ used:

  • Initially, a detailed analysis of the financial cash flows and the related taxes and funds was conducted to gain an insight of how sound the financial records were established.
  • Our proficient and experienced team of financial planners and certified public accountants help device various strategic plans to help reduce the taxes and invest smartly.
  • We withdrew a part of the SMSF savings from the cash account and invested it in a traded funds account to help increase the capital growth which was inhibited due to the savings being in the cash account.
  • We helped establish a limited recourse borrowing in various parts to help the couple invest in properties which would in turn increase the overall capital of the savings even after repayment of the borrowed funds.
  • We created an online portal with the most efficient and easy-to-use interface to help Jonathan and Katelyn manage and review their investments with ease and suggest changes if needed.

Results after implementation of ‘Accountant First’ Strategies:

Since adopting our recommendations, Jonathan and Katelyn have achieved the following:

  • Within the past three years, the savings of the couple has increased from 400,000 AUD to near 840,000 AUD, and the amount is growing almost exponentially.
  • Our recommended strategies for the super funds has reduced the taxes from 20 25% to almost 3% which in turn means there is more savings which contributes to the increased in net capital amount of the couple.
  • We constructed the SMSF funding strategically so as to render the accounts self-sufficient in order to increase their own growth with no additional external funding
  • Jonathan and Katelyn’s SMSF investments have up till now returned almost 255,000 AUD on the initial growth period.

Post becoming clients

Having established these self managed funding accounts and smart investments for the couple, our effective team of financial consultants organize meeting semi annually with the couple to review their accounts and suggest new innovations in the market. Apart from that, our advisors are always available at any time to help our esteemed clients.

See more client stories

We are one of the leading Australian Tax Consultancy Company.
We provide tax support services for Professionals, Individuals, Families and Businesses

Get in Touch