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Asset Building Case Study

Client situation:

SituationBobJane
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.

" I am exceptionally happy with the quality of the advice and service that I continue to receive from Chris. I am impressed with his breadth of knowledge and expertise, and his ability to deliver it in a simple to understand manner. Chris is my first financial adviser and he has never given me a reason to look for an alternate. "

Jason Banks - State Manager Home Improvement Retailer