SMSF for Business Owners
Your business and your super are your two most powerful wealth-building assets. Most business owners never connect them. We build SMSFs that work alongside your business, your income, and your long-term goals, so every dollar you put into super is working as hard as the rest of your wealth plan.
Your SMSF Should Work as Hard as Your Business
Most business owners we speak to have the same story. They set up an SMSF a few years ago, contributions go in each year, the annual compliance gets done, and that is about as strategic as it ever gets. Meanwhile their accountant looks after the business, their financial planner manages their personal investments, and their super sits somewhere in the middle, connected to neither, optimised by neither.
This is not a criticism of anyone involved. It is simply how most SMSF advice has worked. Reactive. Siloed. Focused on compliance rather than opportunity.
The problem is that business owners have more complexity and more opportunity inside their SMSF than almost any other client type. Variable income creates contribution timing opportunities. Business real property creates the chance to use super to own the premises your business operates from. An upcoming business sale creates a retirement planning window that, if planned for correctly, can significantly reduce the tax on your exit.
These are not small opportunities. They are potentially life-changing financial decisions that require a specialist who understands both business and superannuation to identify and act on them at the right time.
At New Wave SMSF, we are built specifically for business owners. Our accounting, financial planning, and legal teams work together within the same firm to ensure your SMSF is fully connected to your business strategy, your tax position, and your retirement goals.
This information is general in nature. For advice specific to your circumstances, please speak with one of our qualified advisers.
How We Support Business Owner SMSF Clients
We provide specialist SMSF advice and support built around the unique complexity and opportunity that business owners face.
Our services cover:
Business Real Property Strategy
We advise on purchasing your business premises through your SMSF, including strategy, legal documentation, LRBA setup where borrowing is involved, and ongoing accounting for the related party lease between your fund and your business.
Contribution Strategy for Variable Income
Business owners often have irregular income, which creates unique contribution planning opportunities. We structure your contributions around your cash flow, maximising what goes into super in high income years and using carry-forward strategies to catch up in lower income years.
Business Exit and Retirement Planning
If you are planning to sell your business in the next five to ten years, your SMSF should be central to that plan. We help you structure your exit to maximise the amount that flows into your retirement savings and minimise the tax on your way out.
SMSF and Business Structure Integration
Your business structure, your personal income, and your SMSF should all be working together as part of a single coordinated plan. We review your entire financial picture and identify where the connections between your business and your super can be strengthened.
Succession Planning Within Super
If your business has multiple owners or you are planning for the eventual transfer of the business to a family member or successor, your SMSF needs to be part of that planning. We coordinate your super with your business succession strategy from the start.
Insurance and Asset Protection Through Super
Business owners carry significant personal risk. We advise on holding life insurance, total and permanent disability cover, and income protection inside your SMSF, ensuring you and your family are protected without impacting your personal cash flow.
CGT Concessions and Small Business Super Contributions
We plan for small business CGT concession opportunities well in advance, ensuring you are positioned to make additional super contributions when you sell a business asset.
Estate Planning Integrated with Your Business
We coordinate your SMSF estate planning with your business succession documents, Wills, and personal estate plan, ensuring your super and your business interests are transferred in a coordinated and tax-effective way.
Why Business Owners Need a Specialist SMSF Adviser
The financial complexity of running a business while managing an SMSF is significant. The decisions you make about how your super interacts with your business, your income, and your exit strategy can have a material impact on your retirement outcome.
Consider the difference between two business owners at retirement. The first has run an SMSF for twenty years with a basic investment strategy and no real planning around contributions, property, or their business exit. The second has worked with a specialist team that connected their SMSF to their business from the start, structured contributions intelligently, purchased their business premises through super, and planned their exit to maximise the small business CGT concessions.
The gap between those two outcomes is not just about investment returns. It is about the decisions made along the way, whether contributions were maximised in high income years, whether the business premises were purchased at the right time, whether the exit was structured to flow as much as possible into super.
Those decisions require specialist advice. And they require an adviser who understands both sides of the equation, your business and your super, and keeps them connected throughout.
Active SMSF management for business owners helps ensure:
- Contributions are maximised in line with your cash flow and income
- Business real property opportunities are identified and executed correctly
- Your exit strategy is connected to your retirement plan well in advance
- Tax concessions available to business owners are planned for and captured
- Your super, your business, and your personal wealth plan work together
- Your fund and your business are protected with appropriate insurance and estate planning
Who This Service Is For
Our SMSF for business owners service is designed for business owners and self-employed professionals who want their super working alongside their business. This service is the right fit if you are:
A Business Owner with an Existing SMSF That Has Never Been Reviewed
You set up your fund years ago and it has been ticking along with basic compliance ever since. You have never had a specialist sit down and look at how your super connects to your business, your income, and your goals. That is exactly what we do.
A Business Owner Planning to Buy Your Premises
You are currently leasing the property your business operates from and you want to explore whether purchasing it through your SMSF makes sense. This is one of the most powerful strategies available to business owners and we specialise in making it work correctly.
A Business Owner Planning an Exit in the Next Decade
You are thinking about selling your business in the next five to ten years and you want to make sure your SMSF is positioned to capture as much of that exit as possible. The earlier you start planning, the more options you have.
A Self-Employed Professional with Variable Income
Your income fluctuates year to year and you want to make sure your contributions are being structured intelligently to take advantage of high income years and carry-forward opportunities when income is lower.
The New Wave SMSF Difference
New Wave SMSF was built specifically for business owners. Our integrated accounting, financial planning, and legal team understands the unique complexity and opportunity that comes with running a business and an SMSF at the same time.
- We Understand Business
Our team works with business owners every day. We understand cash flow, business structure, variable income, and the strategic decisions that business owners face. That context makes our SMSF advice fundamentally different from what a standard financial planner can offer.
- Fully Integrated Advice
Your SMSF accountant, financial planner, and legal adviser all work within the same firm. That means your tax strategy is always connected to your investment strategy, your business structure is considered in every super decision, and nothing falls through the gaps between advisers who have never spoken to each other.
- Proactive, Not Reactive We do not wait for you to call us with a question.
We proactively monitor your contribution opportunities, your business milestones, and changes to superannuation legislation, bringing opportunities to you before they expire. Business owners who work with us rarely miss an opportunity because nobody told them it existed.
Ready to Connect Your SMSF to Your Business?
If your super is not connected to your business strategy, your tax plan, and your retirement goals, now is the time to change that. Book a free strategy call with one of our specialists and find out what your SMSF could be doing for you.
What Our Clients Say
We are proud to support SMSF trustees and individuals with professional accounting and financial services.
Disclaimer
This information is general in nature and does not constitute financial or legal advice. SMSF advice for business owners is delivered by New Wave Financial Planning Pty Ltd, an Authorised Representative of NWG Financial Services, AFS Licence No. 538619, New Wave Accountants and Business Advisory, and New Wave Law. For advice specific to your circumstances, please speak with a qualified adviser before acting on any information contained on this page.