Asset Building Case Study

Client situation:

Age 32 27
Salary $90,000 p.a. $60,000 p.a.
Apartment $400,000 with $300,000 mortgage
Shares $15,000 $0
Super $70,000 $25,000
Health Good health
Children Jane is currently pregnant
Insurance Adequate general & no personal insurance

Our Advice

  • Work out a saving plan.
  • Focus on paying down debt with the view of upgrading to a family home at some stage.
  • Consider the need for asset protection.
  • Consider government schemes.
  • Consider salary packaging (unlikely to salary sacrifice superannuation).
  • Estate planning including superannuation assets which do not form part of a person’s estate, Enduring Powers of Attorneys, medical directives, etc.
  • Establish personal insurance to protect Bob, Jane and their future children.  Structure the insurance to ensure maximum tax deductibility of premiums.

"Since engaging Chris Humphrey, I have benefited from his comprehensive financial, investment and tax knowledge. Chris and his team are always quick to respond to my queries and pro-active in updating me on any changes that may affect my financial situation. "

Dr Jason Stone