Menu

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.

"Chris and his team at Humphrey Partners have been excellent to deal with for financial planning, estate planning and insurance. I know Chris will look after me and recommend the best direction for our business and for me personally. "

Stu Richardson - Telstra Store Toowong Licensee