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Wealth Generation Case Study

Client situation:

SituationBobJane
Age
43
38
Salary
$120,000 p.a.
$30,000 p.a.
House
$800,000 with $420,000 mortgage
Shares
$15,000
$0
Super
$140,000
$80,000
Health
Good health
Children Chloe age 7, Isabel 3 and Oliver age 10
Insurance
Adequate general & personal insurance

Our Advice

  • Ascertain current saving capacity.
  • Devise a wealth creation strategy, including possible gearing and debt recycling strategies.
  • Consider the need for asset protection.
  • Superannuation salary sacrificing and other possible salary packaging.
  • Consider government schemes such as the superannuation government co-contribution scheme.
  • Estate planning including superannuation assets which do not form part of a person’s estate, Enduring Powers of Attorneys, medical directives, etc.
  • Tax minimisation, including the possible establishment of a family trust.
  • Review personal insurance to ensure it is adequate and structured 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