Tel 03 8677 0688 Fax 03 8677 0600 Email strategies@jbsfinancial.com.au
For Your Future
Our Services
Self Managed Superannuation Funds
At JBS we specialise in the establishment, implementation and ongoing administration of Self Managed Superannuation Funds (SMSFs).
We pride ourselves on our extensively developed systems to ensure that Trustees feel comfortable that their fund is entirely compliant with strict government guidelines.
We prepare and provide the following:
- Establishment of the fund including:
- Provision of superior Trust Deed;
- Set up of Corporate or Individual Trustees; and
- Completion and lodgement of Initial Compliance Documents.
- Detailed Investment Strategy
- Investment Guidelines
- Binding Death Benefit Nominations
- Pension Strategies and Minutes
- Compliance Documents for ongoing maintenance of the SMSF
- Trustees’ responsibilities; and
- Administration and mailing house functions as detailed below.
Our complete SMSF Administration, Compliance, & Online Reporting Service
Our SMSF administration service maintains up to date and accurate information for your fund during the course of the year, allowing you to capitalise on the many planning opportunities available to SMSF trustees and avoids the regulatory threats created by a lack of specialist SMSF skills.
With superannuation and taxation laws being so complex and constantly changing, it is critical for the administration of a SMSF to be carried out by an organisation which specialises in the area of SMSF, including their administration.
JBS will underetake the following on your behalf:
- mailing house for all correspondence – investment and regulatory
- scanning all documents into our electronic document management system for your records and audit purposes
- maintaining an investment register for listed securities, fixed interest, managed funds, direct property and unlisted assets
- regular reconciliations of transactions during the course of the year
- maintaining individual member records including details of contributions, allocation of earnings and benefit payments, member components and preservation components
- maintaining reserve accounts (if applicable)
- maintaining multiple member accounts for the same member whether accumulation, or pension, including defined benefit pensions
- preparation of PAYG payment summaries for pensions (as applicable)
- arranging tax payments and other associated fund invoices
- segregation of assets for members; and
- collection and facilitation of dividend payments; and monitoring of cash balance to ensure sufficient cash to meet SMSF obligations.
Any investment requires constant attention due to rapidly changing economic trends and changes in personal circumstances and to assist this, we offer a unique and personalised service for the ongoing administration of our client’s financial affairs. Our internal Administration Platform is designed to administer our client’s investment portfolio, daily transactions, financial statements, reporting and taxation requirements.
Under our portfolio administration facility we aim to establish long term relationships between our clients, their individual consultant and our dedicated administration staff. Financial management is a very personal matter and we aim to provide a service, which encompasses the care and concern we believe to be essential with the required confidentiality.
We see our role as one of providing continuous investment strategy advice, portfolio account administration, and provision of detailed reporting and caring for the personal needs of our clients.
By taking care of all of this, JBS ensure that our clients can concentrate on the more important things in life, all the meanwhile knowing that their SMSF is under control.
Financial Planning
Financial planning is the essential foundation for achieving a financially rewarding career and a secure future for everyone.
We are able to analyse your goals and financial objectives and advise the most effective course of action required to achieve your goals. In doing so, we look to maximise your tax position to increase income available for investment.
With superannuation and estate planning, the taxation implications of contributions, withdrawals and rollovers can be complex. These require specialist advice and precise planning if long-term goals are to be maximised.
The commencement of retirement strategies such as SMSF structures, account based pensions and transition to retirement strategies require specialist knowledge of both the clients’ individual circumstances together with the ever-changing Social Security requirements. Forward planning is essential to the creation and implementation of the most suitable investment strategy for retirement.
Understanding structures and the client’s goals and objectives is the key to the development of sound strategies.
JBS Financial Strategists has a well developed, proven process which consistently results in the development of successful financial planning strategies reflecting the individual requirements of each client.
Life Values Consulting
Our role as a Professional Adviser looks at all of the client’s issues through a framework of how to help the client and to give them the 'big picture'.
We incorporate:
- The client’s ideal journey –to advise and guide in the right direction.
- Clients’ values – close consideration of those things that are important to them about their lives, their life values.
- Navigation and negotiation through barriers and obstacles throughout the clients’ journey.
- Providing simple tools to enable clients with the most efficient way to manage their finances, money and family side of their lives.
- A planning tool to assist our clients to get from A to B.
Investment Portfolio Construction
Our portfolio construction methodology is a holistic approach that recognises the complex nature of investment markets and the multiple steps required to meet client's investment and lifestyle objectives.
Our inclusions:
- Individually Designed Investment Portfolios;
- Individually Managed Accounts;
- Direct Share Portfolio;
- Managed Funds;
- Direct Property and Property Syndications;
- Fixed Interest and Debentures;
- High Yielding Hybrid Securities such as Convertible Notes;
- Alternative Investments & Boutique Managers; and
- Leverages off Van Eyk’s extensive manager review program.
Our process, in association with Van Eyk Research, comprehensively analyses the underlying companies within each fund we recommend. This involves assessing each company within the ASX 200 and major international bourses. Companies are evaluated in terms of quality in the following criteria:
- historical growth of sales,
- earnings and dividends,
- outlook,
- quality of earnings, and
- the company’s competitive advantage with their industry.
This rigorous process identifies and reviews any inconsistencies in each fund managers stated style.
Our aim is to achieve an outcome that will perform well in most market conditions and be competitive relative to benchmarks, indices and competitors over the longer term.
Retirement Planning & Super Advice
Everyone hopes for a secure and happy retirement, free from financial worries.
We are able to advise on the most appropriate superannuation plan to fund for your retirement. This could be an established plan through any number of fund managers or insurance companies, or you could establish your own self-managed plan, giving you freedom to invest in the funds of your choice, an option which is chosen by many investors.
If you are managing your own fund, it is important you understand the responsibilities placed upon trustees of regulated funds today. We understand the complexities of the current and forever changing superannuation legislation and offer specialists advice and assistance in this area.
It is imperative for the trustee of a SMSF to have an ‘Investment Policy, Strategy and Objective’. We can help you establish your plan.
If you run a small business with employees you may need to consider their superannuation needs. We are able to provide both individual counselling and group seminars on the complexities in this area including the advent of employee choice of fund, investment choice, rollovers and portability of superannuation funds.
Transition to retirement strategies are now forming an integral part of our clients’ retirement plans, helping them to enhance their wealth creation via tax effective planning.
Risk Management
The financial burden on families and businesses caused by death or disablement can be insurmountable. Having adequate insurance protection against these events is critical.
We are committed to working with clients to attentively identify their specific needs and provide the most appropriate risk control and insurance management solution.
After the excesses of the 80s many people have realised regardless of whether they own a business or they are employed, that there are investment risks, which must be understood and assessed.
There are five basic ways the self-employed can leave their business:
- death,
- bankruptcy,
- retirement/retrenchment.
- sickness/accident; or
- sale.
- death,
- resignation/retirement/retrenchment , or
- accident/sickness.
We hope that when the time suits you, you will sell your business and make a substantial profit, or when an employed person retires they do so at their level of comfort, however, things do not always proceed as planned. It is very important to protect the existing assets that you have and to insure yourself against any existing or contingent liabilities that you may have in the event of an unforeseen personal tragedy.
We can source the best possible cover against loss of income, trauma, death or disablement for individuals and businesses.
This cover may include:
- Key Person Insurance,
- Partnership Cover (including Buy/Sell arrangements),
- Life Insurance,
- Total & Permanent Disability Insurance,
- Trauma Insurance; and
- Disability Income Insurance.
We also understand the inherent problems in the setting up and ownership of business insurance and can advise on the most appropriate way to suit your individual or business circumstance, taking full advantage of any taxation benefits that may be available.
Finance & Lending
JBS can provide advice and how to structure your loans (mortgage, investment loans etc) tax effectively.
Loan structure is important. It's not all about getting the lowest interest rate on offer as many of these loans have restrictions. It is important that you have the correct finance structure in place to enable strategies to be implemented to reduce non-tax deductible debt (your mortgage) quickly and at the same time build long-term wealth. A flexible loan structure is essential.
We can source the best loan structure to meet your needs at extremely competitive rates.
Salary Packaging & Remuneration
We all want our salaries to go further and traditionally employers have steered away from packaging employees salaries.
With the help and advice of specialists within the remuneration planning field, it is possible to structure employees’ salary packages in an efficient and cost effective manner, which benefits both the employer and employee.
What does your organisation do in this area?
With the co-operation of your employer, it allows you to decide which tax you will pay to obtain maximum benefits; your choice is PAYG, FBT, or GST. GST is not paid on items packaged via salary packaging and is returned as a credit to the employee.
In some circumstances it is possible to negate any Fringe Benefits Tax(FBT) by a member contributing to the running expenses of their vehicles. This is a complex area and requires in depth knowledge of the continuous changes to FBT regulations.
At JBS Financial Strategists, via our Salary Packaging partners Income Essentials, we have the expertise and technology to present you with the most suitable solution for your situation under current legislation.
Income Essentials are also well qualified to provide advice to employers in the area of Fleet Management and to employees in regards to the purchase and correct leasing of vehicles.
For Your Future
Advice on salary packaging is available from our partners Income Essentials: www.incomeessentials.com.au
