RISING STAR Ben Budge, director and financial adviser, My Wealth Solutions
|
|
- Kristina Pitts
- 5 years ago
- Views:
Transcription
1 18 Cover story ADVICE FROM A RISING STAR Ben Budge, director and financial adviser, My Wealth Solutions Ben Budge is the Association of Financial Advisers (AFA) rising star for But above all, he is a trusted adviser. Building a trusting relationship with every single one of his clients is at the core of Budge s philosophy. Through My Wealth Solutions, the boutique Brisbane firm that he co-founded three years ago, he works hard to constantly bring value to his clients financial lives. To Budge, value is created through making sure that the services products we provide are world class, they must stand up and compete against our competitors, he tells Laura Millan. To compete effectively, they must do everything our competitor s service and products do and then uniquely differentiate themselves to the benefit of the client. But value is also who we become and what our organisation becomes for our clients in the process. Budge was awarded AFA Rising Star of the Year in 2014 for his proved strong commitment to personal development, to his clients and for constantly working to improve perceptions of financial advice throughout the community," the AFA chief executive Brad Fox said at the time. The award recognises advisers with three years or less experience who provide quality advice, excellence in client engagement and are active contributors to the profession and the wider community. Budge challenges all advisers out there to ask themselves: Where will our advice take your clients? What s the end game benefit or the outcome for the client? To him, the answer is delivering real value, which means that advisers need to step out of their comfort zone and always keep in mind why they get up in the morning: to give advice. In Budge s case, the reasons behind wanting to be a financial adviser go back to when he was a kid: My father passed away from a heart attack when he was 44 years old. He didn t have any life insurance, no financial plan we were living month to month. Budge talks about his clients with enthusiasm and rebukes all reference to the tough moments that the profession is going through with a smile and an enthusiastic statement: I wholeheartedly believe that what we do is great.
2 Cover story 19 Photograph by Hayden Brotchie
3 20 Cover story J ohn1 and Jill were searching for a financial adviser in Brisbane and found My Wealth Solutions website. The couple lives in rural Queensland. When they sought Budge s services, they were looking for someone who could take a holistic view at their situation. Because they were coming through a website inquiry, it took a lot of time to build the trust, Budge says. He explains that this is common among clients who find the practice on the internet, as opposed to those who come referred by a centre of influence, family or friends. You really need to spend time building that trust, Budge explains. In John and Jill s case, there was a period of educating them on issues such as debt structures and how to how to diversify their portfolio. They were seeking clarity and confidence that they were on the right track. According to Budge, they were doing well, but there was still quite a lot of great strategy that initially came to mind that would add tremendous value to their current situation. Initial meeting goals During the initial meeting, Budge discovered the goals they wanted to achieve in the near future. John and Jill told him that they wanted to retire in 7 years (2021) with $130,000 per annum of spendable cashflow. They wanted to review and maximise their superannuation and investment options, review their current investment loans, review salary sacrifice arrangements and review transition to retirement pension options. In addition, the couple wanted to review their personal insurance requirements and their estate planning. They were interested on minimising their taxes and were also considering setting up a self-managed super fund (SMSF) in the future and were keen on purchasing property through their SMSF using a limited recourse borrowing arrangement (LRBA). However, they both wanted to maintain some emergency funds and an investment portfolio outside of the superannuation environment. Strategy and recommendations After studying his clients situation and goals for the future, Budge recommended to set up an SMSF with a corporate trustee. John and Jill s superannuation benefits were rolled over to the SMSF. They transferred a total of $908,560 to their fund and left $5,000 of John s superannuation to allow life and temporary or permanent disability (TPD) benefits being paid by his employer. The rest of employer contributions and salary sacrifice are now directed to the SMSF. In order to work towards the objective of retiring with $130,000 per annum of spendable cashflow, Budge recommended John to increase his salary sacrifice to $11,400 per annum, which in turn resulted into tax savings of $2,680 per annum. He also started working on Jill s transition to retirement, which allowed a reduction of the superannuation tax rate from 15% to zero and represented a total of $2,473 tax savings per annum. At the same time, 85% of John s concessional contributions were split and allocated to Jill to take advantage of the fact that splitting in favour of the older spouse allows earlier access to tax-free income payments and lump sum withdrawals. John and Jill fulfilled their wish of purchasing a property through their SMSF using an LRBA. They did it with a 35% deposit from their SMSF funds and 65% from the LRBA. Property diversifies the portfolio s investments and the LRBA enables your fund to acquire a beneficial interest in an asset that your fund may not otherwise be able to afford, Budge explains. The investment also has significant tax benefits: rental income and capital gains are taxed at 15% in John s case, and are reduced to zero during the pension phase in Jill s case. The couple also undertook a refinance and a restructure of a prior investment property loan. Cashflow savings from this transaction were of $15,946 per annum.
4 The quote John and Jill were looking for someone who could take a holistic view at their situation. Photograph by Hayden Brotchie
5 22 Cover story Table 1: Initial position Assets and liabilities Motor vehicles $70,800 Boat $40,000 Investment properties $800,000 Investment loan ($565,000) Total superannuation - Jill $336,460 Total superannuation - John $577,100 Shares + Cash $399,400 Line of credit - Shares - Life/TPD insurance - Jill $126,130 Life/TPD insurance - John $48,600 Table 2: Initial position - Key goals Lifestyle $110,800 Nest egg 1,312,960 Active $235,000 Estate and Insurance $1,833,490 Table 3: Asset allocation using CARE strategy Core Listed ETFs 488, % Active Single sector funds / Listed ETFs 122, % Reserves Cash/ Term deposits 100, % Enhanced Share portfolio 203, % Total 913, % John and Jill did not want to hold all of their savings and investments inside of their SMSF. Their $319,000 cash savings were transferred into the reserves portfolio into a managed discretionary account (MDA) which holds an actively managed cash and fixed interest portfolio. The MDA current running yielding is 6.5%: We are being conservative to preserve this capital for the possible purchase of a family home in a few years time, Budge explains. Their existing share portfolio was also transferred to the new one with the mandate that all earnings should be reinvested. Budge manages the MDA following the Core Active Reserves Enhanced (CARE) investment philosophy. This strategy, developed by its dealer group GPS Wealth is designed to meet each client s individual goals and objectives. In this philosophy, 40 to 100% of the portfolio is invested in Core or ETFs across several asset classes. It follows a strategy of long term buy and hold, in long with a long term risk profile. The Active part of the portfolio aims to smooth out the volatility of each sector in the portfolio and includes five single sector ETFs holding Australian shares, global shares, emerging markets, global small companies and gold. It can represent from 0 to 20% of the portfolio, depending on the client s risk profile. The Reserves aim to cover four years worth of retirees spending needs. For clients in retirement, this section of the portfolio is invested in cash, term deposits and low risk funds. For those who are still working it is allocated in income protection insurance and one year spending in cash reserve or in access to an unused line of credit. This section also adds liquidity to the portfolio. Investors can hold from 0 to 35% in Enhanced returns, which are higher risk Australian shares or international shares aimed at achieving higher returns. The strategy allows for franking credits, which also have tax benefits. Estate planning One of the most challenging issues was the fact that they both had children from previous marriages and were paying approximately $30,000 a year in child support payments. It is something that s always going to be there, Budge said. An additional complication was the fact that child support payments were not equally split between all children. One of the marriages was not a nice separation and one of the things they wanted to clear up was the estate planning, Budge says. John, Jill and him sat down with an estate planning specialist and a lawyer and talked about the issues that could rise from that situation. They came up with a full estate plan, including a will, a testamentary trusts and an enduring power of attorney. Insurance Budge also recommended them to review their insurance strategy. With all clients we do the exercise of showing them the gap between where they are and where they wanted to be, as well as having a discussion around them self-insuring or transferring the risk to an insurance company, the adviser says, and adds that in Jill and John s case, it was a $600,000 gap if one of them passed away. In addition to that, Jill hold two $200,000 life policies outside of super for her two non-dependent children which provided tax savings on death benefit payments of minimum $60,000. John hold two $200,000 life policies inside of super for his two dependent children, to be paid as a child allocated pension. An ongoing relationship John and Jill now have quarterly reviews with Budge. We do online meetings because they re in rural Queensland, but they come to Brisbane every six months, he says. The relationship that started with a general search on the internet has evolved into a relationship of trust between the adviser and his clients. They have referred me to some of John s colleagues and six of them are my clients now, Budge says. fs 1. The name of the clients have been changed to protect their identity.
Make your super count Smart strategies for
Make your super count Smart strategies for 2014 2015 Superannuation is one of the best places to accumulate wealth and save for your retirement. The main reason, of course, is the favourable tax treatment.
More informationSmart strategies for your super 2012/13
Smart strategies for your super 2012/13 Make your super count Superannuation is still one of the best places to accumulate wealth and save for your retirement. The main reason, of course, is the favourable
More informationWHAT YOUR FINANCIAL PLANNER CAN DO FOR YOU
WHAT YOUR FINANCIAL PLANNER CAN DO FOR YOU Sound Life Financial Services SOUND LIFE FINANCIAL SERVICES Since taking over Sound Life Financial Services in 2014, Jane and Thelma have completely overhauled
More informationWHAT YOUR FINANCIAL PLANNER CAN DO FOR YOU
WHAT YOUR FINANCIAL PLANNER CAN DO FOR YOU Sound Life Financial Services SOUND LIFE FINANCIAL SERVICES Since taking over Sound Life Financial Services in 2014, Jane and Thelma have completely overhauled
More informationCover story. Volume 09 Issue THE AUSTRALIAN JOURNAL OF Financial PLANNING. FS Advice
14 Cover story Cover story 15 The foundation of trust David Raits, private client adviser, Shadforth Financial Group SFG Australia (SFGA) has been the talk of the town since IOOF publicly stated its intention
More informationDeeming, deductibles and aged care fees for SMSF clients. Louise Biti Director Aged Care Steps 97618: _4
aged care fees for Louise Biti Director Aged Care Steps 97618:4413748_4 CONTENTS 1. Means-testing for aged care... 1 2. Assessment of account-based pensions (ABPs)... 3 3. Deciding which asset to liquidate...
More informationSmart strategies for running your own super fund
Smart strategies for running your own super fund 2011 Set your super free Self managed super is the largest and fastest growing super sector in Australia. Over 2,000 new funds are established every month,
More informationSmart strategies for running your own super fund 2012/13
Smart strategies for running your own super fund 2012/13 Set your super free Self managed super is the largest and fastest growing super sector in Australia. Over 2,000 new funds are established every
More informationSwim between the flags SMSF Trustee Program. Module 6 of 7. TAXATION OF SMSF s. Financial education for all Australians
Swim between the flags SMSF Trustee Program Module 6 of 7 TAXATION OF SMSF s Financial education for all Australians This page is left blank intentionally. Financial education for all Australians 1 No
More informationRedundancy where to from here?
Adviser Services Customer services Phone 1800 804 768 Email adviser@ing.com.au Phone 133 Postal 665address ING Life Limited Email GPO Box nnnn customer@ing.com.au Sydney NSW 2001 Website Website www.ing.com.au
More informationRetire in a better place Smart retirement strategies
Retire in a better place Smart retirement strategies Making the most of your retirement You re probably getting excited about how you ll spend all that extra time. You might even be planning trips to those
More informationKiwiSaver advice. 7 November This guidance note is for advisers and. financial firms advising on KiwiSaver products.
7 November 2016 KiwiSaver advice This guidance note is for advisers and financial firms advising on KiwiSaver products. It gives guidance on when advice is class advice, personalised advice or just information.
More informationSmart strategies for maximising retirement income 2012/13
Smart strategies for maximising retirement income 2012/13 Why you need to create a life long income Australia has one of the highest life expectancies in the world and the average retirement length has
More informationCLIENT FACT FIND COMPREHENSIVE
CLIENT FACT FIND COMPREHENSIVE This Client Fact Find is issued by: Rimbal Investment Services Pty Ltd ( Rimbal ) Australian Financial Services Licence No. 472548 Client Name/s.. Date Rimbal Authorised
More informationSuper Living Strategies for superannuation 2005/2006
Super Living Strategies for superannuation 2005/2006 This brochure is published by MLC Limited (ABN 90 000 000 402), 105-153 Miller Street, North Sydney, NSW 2060. It is intended to provide general information
More informationYour legacy. The importance of Estate Planning. Macquarie Adviser Services
Your legacy The importance of Estate Planning Macquarie Adviser Services Contents Make a will, now 01 Make a will, now 03 Who gets your Super? 04 Life insurance 05 The right structure 06 Power of attorney
More informationKiwiSaver advice. 7 March This guidance note is for advisers and. financial firms advising on KiwiSaver products.
7 March 2017 KiwiSaver advice This guidance note is for advisers and financial firms advising on KiwiSaver products. It gives guidance on when advice is class advice, personalised advice or just information.
More informationPlanning for aged care. Natasha Panagis Technical Specialist Aged Care Steps. Planning for aged care Natasha Panagis
Planning for aged care Natasha Panagis Technical Specialist Aged Care Steps Natasha Panagis, Aged Care Steps Pty Ltd (ABN 42 56 656 843) 206 CONTENTS. Residential care fees... 3 2. The accommodation payment...
More informationSuper Living Strategies for superannuation 2006/2007
Super Living Strategies for superannuation 2006/2007 This brochure is published by MLC Limited (ABN 90 000 000 402), 105 153 Miller Street, North Sydney, NSW 2060. It is intended to provide general information
More informationASX INVESTMENT TALKS
ASX INVESTMENT TALKS What is a Self-Managed Superannuation Fund and is it right for you? SPEAKER: Nerida Cole, Dixon Advisory LOCATION: Melbourne DATE: December 2012 DISCLAIMER: The views, opinions or
More informationOur Story. At Rede, we: Have a highly skilled team of accounting professionals with the expertise and talent to serve you.
It s not just Tax Our Story Rede Accountants have operated on the Gold Coast and in Brisbane for more than 30 years and also service as far afield as Cairns, Toowoomba and Sydney. Our aim is for our clients
More informationSMSFS AND RETIREMENT PLANNING
SMSFS AND RETIREMENT PLANNING in the latest policy environment Nerida Cole Managing Director, Head of Advice Mimi Gomez Executive Wealth Advisor, Family Wealth Management July 2018 IMPORTANT INFORMATION
More informationGUIDE TO THE SUPER REFORMS What they could mean for you in 2017 and beyond
GUIDE TO THE SUPER REFORMS What they could mean for you in 2017 and beyond FROM 1 JULY 2017, A RANGE OF SUPER REFORMS ANNOUNCED IN THE 2016 FEDERAL BUDGET WILL TAKE EFFECT. IT IS IMPORTANT YOU DISCUSS
More informationTransition to retirement (TTR) pensions
Transition to retirement (TTR) pensions No matter how many hours you work, if you are 55 or over, you can access your super as a transition to retirement (TTR) pension, even if you are still working full
More informationA GUIDE TO INVESTING IN PROPERTY WITHIN YOUR SMSF
A GUIDE TO INVESTING IN PROPERTY WITHIN YOUR SMSF by Ken Raiss WEALTH ADVISORY About this guide: this document is of a general advice nature and is prepared without knowledge of the reader s personal circumstances.
More informationCONTENTS AFA Report
VALUE OF ADVICE 2018 CONTENTS Introduction How is financial stress affecting people s lives? Barriers to financial advice Scenario 1 The big check up Scenario 2 Loss of a partner Scenario 3 Upstarts Emotional
More informationImportant information
Important information This workbook is intended to provide general information only and has been prepared by MLC Limited (ABN 90 000 000 402 AFSL 230694 without taking into account any particular person's
More informationTAX CONSIDERATIONS FOR OWNING TPD POLICIES INSIDE OR OUTSIDE SUPERANNUATION
1 Rahul Singh, ANZ Technical Services Manager at ANZ, Singh has been in the industry for 11 years in a number of financial planning roles with the last eight years in technical services. His current role
More informationContributing to Superannuation
Contributing to Superannuation Edition #4 190 Through Road, Camberwell VIC 3124 T: (03) 9809 1221 F: (03) 9809 2055 enquiry@gfmwealth.com.au www.gfmwealth.com.au ABN 69 006 679 394 Contributing to Superannuation
More informationSelf Managed Super Funds
Self Managed Super Funds Nathan Lear and Glenn Fairbairn 1st March 2017 Agenda About Us / Our Services What is an SMSF Benefits of an SMSF Investment Opportunities within an SMSF When to establish an SMSF
More informationSuncorp Employee Superannuation Plan
Suncorp Employee Superannuation Plan Product Disclosure Statement Issued 3 December 2016 This booklet is your guide to the Suncorp Employee Superannuation Plan, and to superannuation generally. (We have
More informationHow to Survive and Thrive under the new Super System
How to Survive and Thrive under the new Super System THE NEW SUPER SYSTEM. In my presentation I plan on covering What will the effect be of the 2018 budget Revisiting CGT relief for transfers back to accumulation
More informationSelf-employed? You could claim a deduction for saving for your retirement
Client Update Newsletter Tax & Super September 2018 Self-employed? You could claim a deduction for saving for your retirement Photo by RhondaK Native Florida Folk Artist on Unsplash A recent change to
More informationFINANCIAL PLANNING CONCEPTS
FINANCIAL PLANNING CONCEPTS Superannuation Superannuation can be complex and the rules are always changing which is why it s important to should seek advice. This guide covers some of the essential things
More informationSuperannuation. Overview. Superannuation Contributions
Superannuation Overview Superannuation is a concessionally taxed structure and long-term savings vehicle designed specifically to accumulate funds for retirement. Superannuation provides a tax effective
More informationWhy do people have SMSFs?
Introduction Depending on what you read, views on self managed superannuation funds range from them being either the greatest invention of the modern age or the most likely cause of the next great financial
More informationThe smarter way to insure your life.
The smarter way to insure your life. 1 Why choose NobleOak? We have been helping Australians protect their lives and loved ones for over 140 years. Our vision is to better protect Australians by providing
More informationThe. Report. Drive your wealth strategy this EOFY. Choosing to insure inside or outside super. Useful apps to monitor your spending
Count The Report Drive your wealth strategy this EOFY Choosing to insure inside or outside super Useful apps to monitor your spending WINTER 2015 ISSUE NO. 120 Welcome A message from the CEO Welcome to
More informationSHEDDING LIGHT ON LIFE INSURANCE
SHEDDING LIGHT ON LIFE INSURANCE A practical guide LEARN MORE ABOUT Safeguarding your loved ones Protecting your future Ensuring your dreams live on Life s brighter under the sun About this guide We ve
More informationYellowBrickRoad Super Product Disclosure Statement 4 January 2018
YellowBrickRoad Super Product Disclosure Statement 4 January 2018 Table of Contents 1. About YellowBrickRoad Super 1 2. How super works 1 3. Benefits of investing with YellowBrickRoad Super 2 4. Risks
More informationTransition to retirement pensions
Transition to retirement pensions No matter how many hours you work, if you are over preservation age 1, you can access your super as a transition to retirement (TTR) pension, even if you are still working
More informationALL ABOUT RETIREMENT Your future comes FIRST
ALL ABOUT RETIREMENT Your future comes FIRST This brochure outlines some of the things you ll need to consider when planning for retirement, including how much you need. We ll explain how you can boost
More informationOLD MUTUAL SUPERFUND PRESERVER
OLD MUTUAL SUPERFUND PRESERVER MEMBER GUIDE BEING A PRESERVER MEMBER SHOWS YOUR COMMITMENT TO YOUR FINANCIAL FUTURE! Preserver allows you to continue your Old Mutual SuperFund Membership, even though you
More informationUnderstanding superannuation
Understanding superannuation Client Fact Sheet February 2012 Superannuation is an investment vehicle designed to assist Australians save for retirement. The Federal Government encourages saving through
More informationImportant EOFY actions for SMSFs
Important EOFY actions for SMSFs Reducing your tax exposure, maximising the opportunities available to you, and reducing your risk of an audit by the regulators is in your best interests. With the end
More informationSuperannuation Superannuation
Superannuation Superannuation Using superannuation as a savings vehicle is a tax-effective way to increase your savings to meet your retirement goals. Types of superannuation funds There are many types
More informationCOMMINSURE PROTECTION.
COMMINSURE PROTECTION. Combined Product Disclosure Statement (PDS) and Policy. Issue date: 17 September 2017 Product Disclosure Statement This Product Disclosure Statement (PDS) is issued by the insurer,
More informationGetting your affairs in order
It s a good idea for everyone to get their, whether you have cancer or not. By preparing a few simple documents, you can make sure that your wishes are followed, and you will make things easier for your
More informationProtecting you and your family Smart strategies for
Protecting you and your family Smart strategies for 2014 2015 Did you know, 60% of Australian families with dependants will run out of money within 12 months if the main income earner dies 1? Contents
More informationTHE EXCEPTIONAL TOPDOCS SMSF DEED SMSF CHANGES OVER TIME
Superannuation in Australia has been undergoing a constantly evolving process. Some industry participants suggest that change needs to cease, as it tends to undermine confidence in Australia s Retirement
More informationWelcome to your Financial Plan
Welcome to your Financial Plan Table of Contents INTRODUCTION 3 SUMMARY OF FINANCIALS 4 6 DISCLOSURE 26 Statement of Advice Prepared for John Citizen & Mary Citizen 25 May 2017 Prepared by Greg Einfeld
More informationOffshore investing. Explore your options with Standard Life International
Offshore investing Explore your options with Standard Life International Contents 02 Open up new horizons for your money 03 A bond that puts you in control 05 Moving abroad? 06 Have you used up your pension
More informationSome Important Questions for you:
Australia Pacific Funds Management Pty Ltd ABN: 34 132 463 257 AFSL: 339151 Level 11 North, 459 Collins St, Melbourne VIC 3000 [t] 03 8621 8485 [w] austpfm.com.au SUPERANNUATION & RETIREMENT PLANNING Superannuation
More informationA fresh start A guide to managing redundancies
A fresh start A guide to managing redundancies 2 012/13 Preparation date: 1 April 2013 Contents Make the most of Her s your what you ll fresh find within start. this document If you are leaving your employer
More informationHelping your loved ones. Simple steps to providing for your family and friends
Helping your loved ones Simple steps to providing for your family and friends Contents 01 How can I take control of who gets what? 02 Inheritance Tax 05 Do you know how much you re worth? 07 Making lifetime
More informationFact. sheet. 2. How super works. Overview. Member account. Contributions. Product Disclosure Statement
Statement Fact 2. How super works The information in this document forms part of the Statement (PDS), dated 30 September 2018 for the Local Government Super (LGS) Accumulation Scheme. This document is
More informationImplications of the 2016 Federal Budget
Implications of the 2016 Federal Budget This information is correct as at 16 May 2016. Information contained in this presentation is general in nature and does not constitute personal advice. It has been
More informationIOOF LifeTrack employer super general reference guide (LT.13)
Employer and Corporate Super Issued: 1 October 2012 IOOF LifeTrack employer super general reference guide (LT.13) LifeTrack Employer Superannuation LifeTrack Corporate Superannuation Contents Everything
More informationUnderstanding insurance Version 5.2
Understanding insurance Version 5.2 This document provides some additional information to help you understand the financial planning concepts discussed in the SOA in relation to insurance. This document
More informationCOMMINSURE PROTECTION
COMMINSURE PROTECTION SUPPLEMENTARY COMBINED PRODUCT DISCLOSURE STATEMENT AND POLICY Issue date: 9 June 2017 This Supplementary Combined Product Disclosure Statement (SPDS) and Policy supplements the information
More informationRecontributions and other super interest(ing) pension strategies. Craig Day Executive Manager, FirstTech Colonial First State 97618: _4
Recontributions Craig Day Executive Manager, FirstTech Colonial First State 97618:4413748_4 CONTENTS Introduction... 3 Superannuation interests, proportioning and tax components... 3 Meaning of a superannuation
More informationA A fresh guide start to managing redundancies
A fresh guide start to managing redundancies A A fresh guide start to managing 2015 2016redundancies 2013/14 Preparation date 03 March 2014 Issued by The Trustee, MLC Nominees Pty Ltd (MLC) ABN 93 002
More informationEstate Planning Seminar Creating Certainty - 18 th August 2014 Presented by:
Estate Planning Seminar Creating Certainty - 18 th August 2014 Presented by: Tony Gilham Founding Partner Certified Financial Planner SMSF Specialist Advisor www.gfmwealth.com.au Andrew Lord Director Lawyer
More informationA. GENERAL INFORMATION
Asgard Infinity ewrap Super/Pension Supplementary Product Disclosure Statement (SPDS) This SPDS, dated 1 July 2013, supplements information contained in the Product Disclosure Statement (PDS) for Asgard
More informationAged care and fee reduction strategies
Aged care and fee reduction strategies TB 78 TECHNICAL SERVICES 20 SEPTEMBER 2017 ADVISER USE ONLY VERSION 1.5 1 Summary Aged s are calculated based on a person s assets and income. Broadly, aged care
More information10 Things to Consider in
RETIREMENT INCOME PLANNING for Ages 35 to 50 Compliments of Jennifer & Eric Lahaie Jennifer & Eric Lahaie Eric and Jennifer Lahaie are the owners and founders of JEHM Wealth & Retirement. With years of
More informationTax on contributions. Non-concessional (after tax) contribution caps. Concessional (before tax) contributions
This document summarises the main Federal Government taxes that apply to superannuation at the time of publication. For more information, contact Catholic Super on 1300 655 002 or the Australian Taxation
More informationTackling the retirement challenge
Tackling the retirement challenge Securitor Conference Nathalie Bouquet Head of Technical Services Disclaimer The information contained in this presentation is current as at 30 March 2012 unless otherwise
More information45-47 Addison Street Suite 16, 828 High Street Elwood Victoria 3184 Kew Victoria 3102 Phone Phone
MADA NEWS XMAS 2007 EDITION 45-47 Addison Street Suite 16, 828 High Street Elwood Victoria 3184 Kew Victoria 3102 Phone 03 9531 666 Phone 03 9819 7308 INTRODUCTION Welcome to our final newsletter for 2007;
More informationThank you for your support of Brett Davies Lawyers. Thank you also for generating documents at
Our Ref: Enquiries: Direct Telephone: Direct E-mail: js: 08 9325 8033 bkd@taxlawyers.com.au Facsimile (08) 9325 5999 www.taxlawyers.com.au Action Plan 2006 Thank you for your support of Lawyers. Thank
More information<<Insert Business Name>>
Summary Data Client Information Summary Business Entity Review Date Client 1 Date Tax File Number Employment Status Client 2 Date Tax File Number Employment Status Prepared by Accountant
More informationBaby Boomer Bulletin No.47 September 2016
Baby Boomer Bulletin No.47 September 2016 Hi everyone Please enjoy. Super to Become Bigger Asset than Housing? A 12 year longitudinal survey of more than 19,000 Australians has revealed some fascinating
More informationThe type of assets into which investments are made will depend on the investment strategy of your fund.
Super funds 1 July 2018 (updated annually) Creating your investment portfolio by making contributions to a superannuation fund can be one of the most effective ways to save for your retirement. What is
More informationLife. A journey worth planning.
Life. A journey worth planning. Our journey Since 1988, Silvan Ridge has been offering financial planning, investment and insurance advice to the people of Warrnambool and its surrounding region. Over
More informationAMP Elevate insurance
Issue number ₁₆, ₁₀ June ₂₀₁₇ AMP Elevate insurance Product disclosure statement and plan document Life Insurance Life Insurance Superannuation Life Insurance SMSF Total and Permanent Disability Insurance
More informationGetting your affairs in order
It s a good idea for everyone to get their, whether you have cancer or not. By preparing a few simple documents, you can make sure that your wishes are followed, and you will make things easier for your
More informationSMSF Family Profiles SMSF Association. SMSF Family Profiles. 0 P a g e
SMSF Family Profiles 0 P a g e THE FAMILY TREE 1 P a g e JAY JAY AND GLORY Jay Jay, 62, and Glory, 41, have been married for 9 years. They own their own home, are debt-free, and set up an SMSF around 5
More informationReview of Advice Collateral
Review of Advice Collateral As part of a special working group, we have recently completed an evaluation of the Advice Collateral available to the CPAL network. The focus has been on reviewing the and
More informationSuperannuation year end planning for the 2016/17 financial year
Superannuation year end planning for the 2016/17 financial year The end of the financial year always seems to crop up faster than it should. Given the impending July 2017 superannuation changes, being
More informationSuperWrap features and benefits. SuperWrap tax and administration benefits to clients
SuperWrap features and benefits SuperWrap tax and administration benefits to clients Contents Tax deductible expenses and excess deductions 3 Tax benefits and capital losses 6 Moving from Super to Pension
More informationReliance Super a membership category of Maritime Super Membership Supplement
Reliance Super a membership category of Maritime Super Membership Supplement 1 November 2018 Membership Supplement a membership category of Maritime Super Reliance Super 1 November 2018 About this Supplement
More informationSuncorp Employee Superannuation Plan. Product Disclosure Statement Issued: 30 September 2017
Suncorp Employee Superannuation Plan Product Disclosure Statement Issued: 30 September 2017 This booklet is your guide to the Suncorp Employee Superannuation Plan, and to superannuation generally. (We
More informationSuper tips for your 50s
AUSTRALIA POST SUPER SCHEME Insight News from the Australia Post Superannuation Scheme Quarter ending June 2015 Super tips for your 50s INSIDE THIS EDITION Investment results for the quarter ending 30
More informationSelf-managed super funds. Plain Talk Library
Self-managed super funds Plain Talk Library Contents Introducing self-managed superannuation funds 5 What is an SMSF? 6 Things to be aware of with SMSFs 8 Is an SMSF right for you? 10 Starting an SMSF
More informationQIEC Income Stream INSIDE: Product Disclosure Statement. How to start a. QIEC Income Stream
QIEC Income Stream Product Disclosure Statement Issued 29 September 2017 INSIDE: How to start a QIEC Income Stream Transition to Retirement Account and Retirement Income Account benefits How to invest
More informationYour Knowledge April 2018
Single Touch Payroll: what you need to know Single Touch Payroll (STP) the direct reporting of salary and wages, PAYG withholding and superannuation contribution information to the ATO comes into effect
More informationBROKERS ON AGGREGATORS. What you told us about your aggregators, from commissions to communication and more
MPAMAGAZINE.COM.AU ISSUE 15.5 2015 BROKERS ON AGGREGATORS What you told us about your aggregators, from commissions to communication and more FOREIGN INVESTORS THE GOVERNMENT S CRACKDOWN EXPLAINED SMSF
More informationThe value of income protection
The value of income protection Important information CommInsure Protection is an insurance product which is offered through the Colonial Super Retirement Fund ABN 40 328 908 469 (the Fund). Colonial Mutual
More informationCREATING A LASTING LEGACY
CREATING A LASTING LEGACY The Best Things in Life Aren t Things Creating a Lasting Legacy 1 CREATING A LASTING LEGACY If you re like most people you probably just want an estate plan to give your estate
More informationQi Super Self Managed Superannuation Information Guide
Prepared by Qi Financial Pty Ltd ABN 83 304 796 118 AFSL 313217 Qi Super Self Managed Superannuation Information Guide This Information Guide is dated January 2018. Advice Taxation Accounting Corporate
More informationGetting your affairs in order Information for people affected by cancer
Getting your affairs in order Information for people affected by cancer Legal Coping and with financial cancer fact sheet It s a good idea for everyone to get their affairs in order, whether you have cancer
More informationSuper direction. ANZ Australian Staff Superannuation Scheme NEWSLETTER TO MEMBERS DECEMBER 2012
ANZ Australian Staff Superannuation Scheme Super direction NEWSLETTER TO MEMBERS DECEMBER 2012 In this issue: The Scheme s latest investment returns Page 2 Super and Scheme updates Page 3 Approaching retirement
More informationupdate The evolution of MTAA Super
An Industry SuperFund 2012 update Important information for members The evolution of MTAA Super This new year edition brings you exciting news about the evolution of your super fund. MTAA Super has restructured
More informationA A fresh guide start to managing redundancies
A fresh guide start to managing redundancies A A fresh guide start to managing 2014 2015redundancies 2013/14 Preparation date 03 March 2014 Issued by The Trustee, MLC Nominees Pty Ltd (MLC) ABN 93 002
More information5. Making financial plans
5. Making financial plans Why financial plans are important Making decisions about leaving your money and possessions (assets) is an important part of planning for the future. If you are able to leave
More informationEstate planning for advisers a practical course
Estate planning for advisers a practical course About the course Presented by our Australian Executor Trustees (AET) estate planning specialists, this one-day course focuses on the practical issues of
More informationA super reform checklist for 1 July 2017
IOOF TechConnect A super reform checklist for 1 July 2017 New super reforms will apply from 1 July 2017. Until then, there are some limited opportunities for your clients. This checklist provides you with
More informationStrategy Paper: Pre Retirement Pensions. SMSF Specialists Investment Management Financial Planning Accounting
Strategy Paper: Pre Retirement Pensions 190 Through Road Camberwell VIC 3124 T: (03) 9809 1221 F: (03) 9809 2055 enquiry@gfmwealth.com.au www.gfmwealth.com.au ABN 69 006 679 394 SMSF Specialists Investment
More informationYourChoice Super Product Disclosure Statement
YourChoice Super Product Disclosure Statement 4 January 208 Contents. About YourChoice Super... 2. How super works... 3. Benefits of investing with YourChoice Super... 2 4. Risks of super... 2 5. How we
More informationBECOME THE KEY TO YOUR CLIENTS WEALTH PRESERVATION
COVER STORY BECOME THE KEY TO YOUR CLIENTS WEALTH PRESERVATION HOW TO USE LPL S HELP TO LEAVE NO OPPORTUNITY BEHIND PLAN 32 LPL Magazine Winter 2016 Only 18% of affluent investors are receiving estate
More information