As a business owner, your biggest asset outside your house is usually your business. Unfortunately, many business owners are too busy managing their businesses to worry about their own personal finances or their financial future.
This is why it can be extremely beneficial to seek advice from professionals to help ensure you are extracting enough income from your business to fund your lifestyle now, and have enough money for a comfortable retirement.
At Aspiri, we help business owners protect their interests and plan for retirement. We’ll determine the most effective ways to extract wealth from your business, whether it’s drawing wages or putting money into your superannuation funds.
Our combined experience in both financial advice and accounting gives us the unique expertise to help you minimise your taxes, grow wealth outside your business, protect your assets and reach your retirement goals.
We’ll help you look at you can make the most of their business and investments through:
It’s also important to understand what type of retirement income your business will generate for you – since this will play a huge role in determining your desired lifestyle.
Our financial advisers will help you determine how much income you will need, how much you should have saved, your desired retirement age and the lifestyle that you are looking to achieve. We work in conjunction with your accountants to ensure you are set up with effective structures to minimise your business tax including but not limited to small business capital gains concessions. These concessions help keep more of the proceeds after tax (if any) when you eventually sell the business.
Unexpected circumstances, such as accidents or disasters, can potentially threaten your business continuity and generate unexpected costs. While business insurance can help mitigate some of these risks, it is important that you understand what type of financial protection you need for yourself and whether this is sufficient for your needs. We’ll help you determine what insurances you need; how much you should be covered for will provide complete insurance management for you.
It’s important to diversify assets outside your business in case you encounter significant problems or if your business is affected by unforeseen events. As part of your comprehensive financial plan, we’ll help determine if you have enough savings and investments outside of your business to fund your lifestyle if you no longer have any income.
One of the most important things business owners can do is ensure they create a will and nominate their beneficiaries with sufficient information and detail on what you want to happen to your business if you pass away. You may also consider putting in place arrangements for your businesses so that it can be passed on to your children or other family members. We’ll create an effective estate strategy to ensure your wishes for your business are implemented if something unexpected happens to you.
“We have been with Aspiri for many years and found that the advice provided has been very professional and in a courteous manner, with sound investment advice around our portfolio.”
C & L Clapper
“Since our first meeting with Aspiri more than 10 years ago, our confidence in the Aspiri team has never wavered. The expertise and the personalised advice and interaction they provide us, we feel very sure. Their advice has allowed us the luxury to pursue and now enjoy a lifestyle of our choosing. Thank you Aspiri team, you are all much appreciated.”
I & G Vayro
“I’ve been with Aspiri for 10 years after having my own self -managed Super Fund since 1988 . Since I retired 5 years ago I have drawn an annual income of over $100k and the balance of my account is what it was on retirement. They must be doing something right.”
“The Aspiri team have been looking after my financial security for eleven years. They have been extremely supportive, helping me plan my future. As a self-funded retiree, their advice gives me the reassurance that I can go onto my latter years secure in the knowledge that my finances will allow me an ongoing comfortable retirement. “
“The team at Aspiri have been informative on a regular basis and in an accessible way that allows us as busy professionals with little knowledge of the financial world to feel empowered and confident that our wealth is being well cared for.”
J & J Conn
“In the time I have been with Aspiri, I have found them to be very good at what they do – they are very efficient and reliable, able to explain financial matters in a clear and simple way as well as having empathy and understanding for my individual circumstance.”
“I have been a client of the Aspiri team for over 10 years. I can thoroughly recommend the team at Aspiri for providing financial advice for me and my family and for always providing outstanding service with passion and enthusiasm!”
“Several years ago we chose Aspiri, to manage our investments. The team are extremely personable, informed and easily contactable. They adjust portfolios in a timely way, based upon shifts in global markets and the client’s goals. We recommend the client-focused Aspiri team, with confidence.”
J & E Clancy
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