Fay and Redman

What are the advantages of a SMSF?

A SMSF allows you to be in control of the investment decisions: What assets to invest in (shares, term deposits, managed funds, direct property etc.) How to manage the costs with greater certainty To borrow to buy property To do in-specie transfer of listed shares or business real property from yourself to a SMSF Increased flexibility in implementing tax effective strategies.

Is your advice tailored to individual needs?

Absolutely. We assess each client’s financial situation, lifestyle goals, and risk tolerance to provide personalised, strategic recommendations.

What is an annuity, and how does it work?

An annuity provides a guaranteed income stream in retirement, offering financial certainty and protection against market fluctuations.

What is negative gearing?

Negative gearing refers to a situation where an investor borrows money to purchase an asset (usually a property) but the income from the property doesn't cover the interest on the loan. Tax deductions are available for those with negatively geared properties and this is sometimes used as a strategy to reduce tax whilst investing.

I am going overseas; do I need to lodge a tax return before leaving?

No, it isn't necessary to complete a return before leaving unless you will not be back before the due date for lodgement of your return (31 October). If you won't be back until after that date contact the ATO or a Registered Tax Agent to apply for an extension of time to lodge.

How do rollovers benefit my superannuation?

Rolling over your super into a single, well-performing fund helps improve investment growth, reduce fees, and streamline your retirement planning.

I'm going overseas for nine months and intend to work while away. Will I have to pay tax in Australia on my overseas earnings?

The income will be taxable unless you have worked overseas continuously for more than 90 days and are working on a specific Australian government project or deployed overseas as a member of an Australian government agency. In these cases the income will be tax exempt. If your overseas income is not exempt, you will need to declare the income on your Australian tax return and may be entitled to a foreign income tax offset for any foreign tax that you paid on that income.

What tax strategies can be implemented?

There are many strategies available depending on your circumstances: Transferring listed shares in your own name into super without increasing your personal tax liability Transferring funds that would otherwise be taxed at your own personal marginal tax rate into a tax free environment Utilising Transition to Retirement to tax effectively maximise your super balance for retirement Borrowing to buy residential or commercial property inside of super.

How often should I review my superannuation?

We recommend reviewing your super annually or after major life changes to ensure your strategy aligns with your evolving goals.

What services do you provide?

We specialise in superannuation advice, rollovers, and annuity planning, helping clients secure stable and sustainable retirement income.

Can a credit card slip be used as a receipt?

Yes - provided it details the supplier and date of purchase the ATO would accept it as proof of purchase. We recommend you make a notation on the document indicating the type of goods that were purchased. Many taxpayers use the internet to purchase or pay for their work related expenses and so the ATO will also accept Bpay or email receipts provided they contain the necessary information; date, supplier, nature of the goods and the amount.

Are your consultants licensed and qualified?

Yes, all our consultants are fully qualified, licensed, and compliant with Australian financial advisory regulations and industry standards.

My father died - is a tax return required?

Yes, it is necessary to complete a tax return to date of death if a return has been lodged in past years. This return, marked final, must show all income received to the date of death.

Can you help consolidate multiple super funds?

Yes, we can assist in combining your super accounts to simplify management, reduce fees, and optimise your retirement savings.

Do you offer advice on self-managed super funds (SMSFs)?

Yes, we provide guidance on setting up, managing, and structuring SMSFs to help clients maintain compliance and achieve financial goals.

Can you help clients nearing retirement?

Yes, we specialise in helping pre-retirees plan their income streams, optimise savings, and transition smoothly into retirement.

How can I book a consultation?

You can contact us via phone, email, or our website to schedule a consultation at our Helensvale office or online.