We provide a number of services to help you better manage your future.
Superannuation
While many Australians are sceptical about the ‘superannuation system’, it is a fact that our system is considered among the best in the world. Unfortunately for many ‘Baby Boomers’ the focus on superannuation has begun too late, meaning that any will retire under funded. The idea is that superannuation benefits will become the major source of income for those living in retirement, rather than reliance on the social security system.
Retirement Planning
All of us, at some stage, hope to retire and have access to an income stream that will enable us to do still do all the things we want to, financially.
Often people put this aspect of their life on hold until the big “R” is looming just over the horizon. People generally see it as a long way off and hence not worth thinking about early on in their lives. Converse to popular belief, the choices made early on can impact on the amount of money that is eventually available to you in retirement. Planning early can result in considerable tax savings, and possible greater access to Centrelink benefits when the time comes to finish working.
Estate Planning
Estate Planning refers to the process of planning and documenting wishes for the distribution of all assets owned and controlled at death. The growing trend of people challenging the will of a deceased creates a situation where people are spending more time and effort ensuring that their last wishes are carried out.
Wealth Accumulation
This part of your financial life cycle most commonly happens during your working life. It may involve setting up a regime of savings that are invested over time; it may involve advice on what to do with your retrenchment package or money you may have inherited. A part of the strategy may also involve retirement planning and personal insurance needs.
Gearing and Finance
Gearing is the process of borrowing money to invest. Gearing allows you to increase your investment over what you would otherwise be able to commit, and potentially earn higher returns. But on the down side gearing can also magnify any losses.
Gearing can be a powerful tool, and can enable you to use idle personal assets, which would otherwise not benefit you taxation wise, to earn you money – thereby funding wealth accumulation.
Personal Insurance
If you died today, or were injured and unable to work again who would pay your mortgage, the family bills, the kids school fees and the medical costs? Often a lack of personal insurance will mean that in the event of death or serious injury, undue financial hardship is placed on the broader family.
Personal Insurance is designed to deal with these issues and include policies that cover, life insurance, trauma insurance, total and permanent disability insurance and income protection insurance.
Property
Property is an area Australians traditionally love to invest in. So whether it be the purchase or sale of Commercial, Industrial or Residential property we can provide assistance.
Direct Shares
Direct shares represent part ownership in a company, and traditionally have been viewed as a more risky investment than other asset classes because of their propensity to fluctuations in value. Though it must be remembered that diversity is a key component in investing, and you should never ‘put all your eggs in one basket’.
Redundancies
Redundancy can trigger a major life change, and can mean a re-evaluation of your entire financial outlook. It can provide you with the opportunity to re-assess your financial goals and the choices made here can impact on your future lifestyle.
Centrelink
Eligibility for some of the benefits that Centrelink offers, such as pensions and access to health care cards, depends on the level of earnings and assets held by the individual. So the way you structure your investment planning needs to be considered carefully, so that you may obtain the maximum benefits you may be entitled to.
Tax Planning
When initially establishing your wealth creation plan, it is important to consider whose name or what type of tax structure (individual, partnership, company, trust, superannuation fund) the investments should be held in. Nobody likes to pay more tax than they have to, and the way that investments are held, can significantly change the tax implications.
Self Managed Superannuation Funds
Self-managed superannuation funds allow increased flexibility in investment decisions with control over your investment portfolio, this vehicle can provide planning opportunities to help you achieve your overall financial goals.