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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.

"Chris and his team have helped tremendously in organising my income protection insurance and ensuring my cover is held in the most tax effective manner. The process was very straight forward and all insurance options were explained clearly so I was able to make an informed decision on what cover I wanted. "

Adam Brady