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Business services

Superannuation/Employer Superannuation

Superannuation, following recent government changes, has made it one of the most tax effective ways of investing to accumulate wealth for retirement and it is vital that you optimise the value for your superannuation dollar.

We provide advice on personal and corporate superannuation as well as Self Managed Superannuation Funds.

We will consider your needs and work with you to develop a superannuation strategy which will assist you in achieving your financial objectives.

Succession planning & keyman insurance – business

Succession planning is a process for identifying and developing internal people with the potential to fill key leadership positions in the company. Succession planning increases the availability of experienced and capable employees that are prepared to assume these roles as they become available. Taken narrowly, “replacement planning” for key roles is the heart of succession planning.

We believe that the fundamental idea behind succession-management is that the greater good of the enterprise relies on a healthy management structure. This is critical to the long jeopardy and prosperity of a business with a changing management structure.

Keyman insurance is a type of life insurance policy to protect a business in the event of the death or incapacity of key personnel (eg owners, directors).
It can be described as an insurance policy taken out by a business to compensate that business for financial losses that would arise from the death or extended incapacity of the member of the business specified on the policy. The aim is to compensate the business for losses and facilitate business continuity.

Key person insurance does not indemnify the actual losses incurred but compensates with a fixed monetary sum as specified on the insurance policy. An employer may take out a key person insurance policy on the life or health of any employee whose knowledge, work, or overall contribution is considered uniquely valuable to the company.

This form of insurance is crucial to you as the employer because it is an offset to the costs (such as hiring temporary help or recruiting a successor) and losses (such as a decreased ability to transact business until successors are trained) which you are likely to suffer in the event of the loss of a key person.