Wealth Generation Case Study

Client situation:

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 planning, 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.

" 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