RETIREMENT PLANNING

SUPERANNUATION FUND – SPREAD SUPER AND REAP THE BENEFITS IN THE FUTURE.

It is true to say that tax planning and retirement planning go hand in hand.  The hard work we put in during our younger years is geared towards ensuring our golden years offer comforts and security, as well as leaving something for our next generation.

At Leech & Partners Limited we pride ourselves on thinking beyond the square.  We have created a registered superannuation fund with a difference.  Our fund, the Sempiternal Fund, is possibly unique in New Zealand in having separate sub-trusts within the umbrella of a single registered fund.  Each sub-trust has a separate legal identity allowing segregation of assets from other members.  In addition, this offers members the facility to become Advisory Trustee for their own sub-trust, effectively offering guidance for the funds investments directorship.

Advantages to this unique fund structure are numerous.    Members funds will be allowed to invest in assets that conventional registered funds are not able to offer, including property and unlisted shares.  In some circumstances, it is also possible to increase the potential returns on investments by Trustee borrowings, subject always to cautious conditions.

In terms of tax benefits, Leech & Partners Ltd have identified the following incidental benefits to the scheme:

• A lower standard rate of tax on superannuation fund income compared to the highest rate of personal tax.
• Exemption from Gift Duty for personal contributions thereby allowing large asset transfers.
• Preferred tax treatment of assets when temporarily or permanently moving abroad to a country that has a harsher tax regime, such as one with a capital gains tax.
• The facility to sacrifice salary offering the saving of tax or deferring it for a lengthy period of time. 

Are you an Expatriate or planning to immigrate to New Zealand?

PRE-IMMIGRATION PLANNING CAN PAY BIG DIVIDENDS

For expatriates, the ability to use the Sempiternal Fund to receive transfers of superannuation or pension funds from other New Zealand registered schemes and from abroad provides additional opportunities to those already mentioned above.  In particular, UK expatriates can increase their pension fund considerably by way of UK tax relief with proper pension planning BEFORE the fund is transferred to New Zealand.

For details of the Sempiternal Fund refer to the latest Investment Statement and Registered Prospectus.  For advice on this scheme or on UK pension transfers contact Chris Heffernan and refer to his Disclosure Statement.

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