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Wealth Generation Case Study

Client situation:

SituationBobJane
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.

"Humphrey Partners has helped my family with professional financial advice on a number of occasions. Specifically, Chris recently helped me to make decisions regarding my salary packaging options. Chris and his team are always proactive and quick to respond to queries. Chris’ advice has always been relevant and informative, enabling us to make careful decisions about our financial situation and planned future. "

Kirsten Cowan