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PeterSheldon HS


At Peter Sheldon Accountancy we appreciate the individuality of people and businesses and are committed to providing timely, accurate solutions tailored to suit your particular situation. We work alongside you to solve problems that arise and help you reach your financial goals.

Our Mission is to provide accounting, taxation, management and investment services to individuals, businesses and community organisations in a manner which is efficient, reliable and 'You' focussed, and at all times, built on the foundation stone of integrity.

We are committed to forming close partnerships with our clients, enabling us to understand your unique situation and customise the assistance we provide to suit your requirements. Our commitment to excellence is evident in our hardworking team and the exceptional service we offer. 

Our enthusiasm for our work means you get a friendly team of professionals eager to use their expertise to help you succeed! For more information on how our expertise can benefit you, contact ushere.

DIY SUPER

Is an SMSF right for me?

Self managed superannuation funds (SMSFs) are an increasingly popular option for investors seeking greater control and flexibility of their superannuation. At the same time, you need to consider the wide–ranging reporting requirements and compliance obligations when deciding if an SMSF is right for you.

From the experts

While there is no statutory minimum required to set up an SMSF, you generally need a minimum of $200,000 of assets to make it cost effective. However, cost is only one consideration. Your obligations as an SMSF trustee are extensive.

What you need to know

Before deciding whether an SMSF is right for you it pays to consider the key advantages as well as the drawbacks of an SMSF.

Advantages

  • SMSFs provide a greater degree of control and flexibility over you investments, making them suitable for sophisticated investment and retirement strategies
  • Increased estate planning and retirement options
  • Potential for tax efficiencies

Drawbacks

Establishing and maintaining an SMSF involves:

  • Making time to effectively administer the fund and monitor its assets
  • Paying the costs of auditing, supervisory levies and day-to-day administration
  • Taking on the risk of penalties if the fund fails to comply

Count on us

A Count adviser can help you:

  • Decide whether an SMSF is the right choice for you
  • Boost your super using smart super strategies

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PLAN YOUR RETIREMENT

What are the top 10 retirement mistakes people make?

When it comes having enough money for a comfortable retirement, planning is key. It's never too late to get your retirement plan in order.

What you need to know

Make sure you don't make the same mistake. The top 10 retirement mistakes people make:

  1. Failure to seek professional advice prior to retirement
  2. Investing inappropriately based on lack of understanding of risk and return
  3. Cashing out lump sum eligible termination payments inappropriately
  4. Failure to save enough pre-retirement
  5. Leaving assets in non-income producing investments
  6. Timing retirement ineffectively for tax or investment purposes
  7. Selling investments when market falls and buying in peak
  8. Investing inappropriately due to lack of understanding of asset classes and suitable allocation
  9. Expecting to maintain similar income level post-retirement
  10. Assuming will qualify for Age Pension

Count on us

A Count adviser can help you:

  • Plan for your retirement
  • Boost your super using smart super strategies

Back to Pre Retiree

MORTGAGE OR SUPER

Which should come first, mortgage or super?

Paying off your home loan signals an important landmark in your financial life. However, it is always important to consider alternative investment strategies. Sometimes the best strategy may not be the most obvious.

From the experts

When considering any super strategy, it's important to assess how much you are contributing to super in any one year. The government has set annual limits – known as contributions caps. Contributions over these caps are taxed at a hefty rate.

What you need to know

Most people still believe that they are better off putting surplus money into their mortgage before investing elsewhere. However depending on your circumstances it may be more beneficial to salary sacrifice rather than make additional payments to your mortgage.

Salary sacrifice allows you to make contributions to your super directly from your pre-tax pay. You do not pay income tax on salary sacrifice contributions which can represent a significant tax saving particularly if you are on the highest marginal tax rate. And when you pay less tax, you have more money to invest which gives you the potential to increase your returns.

Getting started

Both the mortgage interest rate and earning rate within super are important variables to consider in any comparison between reducing debt and making before tax super contributions. It is important to be aware of how the outcome would change if the mortgage interest rate and/or the earning rate within super changed.

Count on us

A Count adviser can help you:

  • Work out the most effective strategy for you
  • Boost your super using smart super strategies

<< Back to Pre Retiree

BOOST YOUR SUPER

Would you like to start contributing more to your super?

Super can be one of the most effective ways to build a retirement nest egg. There are a range of ways you can increase your super contributions to boost your super savings.

From the experts

When considering any super strategy, it's important to assess how much you are contributing to super in any one year. The government has set annual limits – known as contributions caps. Contributions over these caps are taxed at a hefty rate

What you need to know

  • Salary sacrifice allows you to make contributions to your super directly from your pre-tax pay. You do not pay income tax on salary sacrifice contributions which can represent a significant tax saving particularly if you are on the highest marginal tax rate.
  • Make an after-tax contribution (also known as non-concessional contributions) from your after-tax money. This for example, could include funds you receive from an inheritance, the sale of an asset or a gift.
  • If you are married or in a de facto relationship, you are permitted to transfer your super contributions from the previous financial year over to the super account of your partner. Boosting your spouse's super can reduce your family's annual tax bill.
  • You can get up to $500 tax free from when you make an additional contribution to your super if you are eligible for the government co-contribution scheme.

Count on us

A Count adviser can help you:

  • By providing advice to make sure your super strategy is effective
  • Boost your super using smart super strategies

<< Back to Pre Retiree

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 We Can Offer You

• Tax Advice • Financial Planning
• Superannuation Strategies
• Business Accounting Services
 • Trusts • Advice & Reviews of Rental Properties

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Accounting Services

Accounting Services

At Peter Sheldon Accountancy we provide you with advice when your business needs it, not just when you ask for it. We help you manage every aspect of your business and because we establish a one-on-one relationship with each of our clients, our advice is tailor-made for your business. We've also developed our traditional auditing and accounting practices into innovative client-focused services. Our flexibility and adaptability ensure we help you get the best results..... 

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FinacialPlanning

Financial Planning

 Wherever you are in your life, we can keep you on track to reach your financial and lifestyle goals.
Advice about starting out, spending and saving, paying off debt, accumulating wealth, pre and post retiring ... 

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