Wealth Creation

At Chris Humphrey Private Wealth Management we specialise in maximising client wealth. Good financial planning takes advantage of as many wealth creation strategies as possible.

Wealth is created when a person’s financial net worth increases (after adjusting for inflation) as a result of:

• Investment growth
• Investment gearing (negative and positive gearing)
• Salary packaging
• Spending less than you earn, including investment income
• Government grants, tax offsets and schemes (ie superannuation co-contribution, first home owners grant and savings scheme, etc).

Tax minimisation

Wealth creation is enhanced through tax minimisation, which can include:

• Debt reduction strategies
• Pre-retirement strategies
• Avoiding land tax where possible
• Structuring of business and investment assets - possible use of discretionary trusts and borrowing for property in superannuation.

Other

Additionally, wealth creation can be assisted by:

• Spouse superannuation contribution splitting
• Reducing living expenses
• Reducing transaction costs.