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READ MORERisky business: The trap of forgoing super
Many business owners refrain from paying themselves superannuation, suggesting the business is their retirement asset. But this simplistic view can actually be a recipe for financial ruin.
As the CEO of SME specialist super fund Nationwide Super, Ian Morante admits he has something of a vested interest in encouraging business owners into superannuation. But working specifically with businesses and having previously worked for many years as a financial adviser, Mr Morante said he has seen more than his share of business leaders wind up in dire straits by foregoing super.
Read the full article at My Business.
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