Budgeting and Goal Setting

Setting a budget will help you to control when and where your money will be spent and ultimately highlight how much you can save and invest. Taking charge of personal finances begins with setting financial goals.

Our Financial Planners will work with you to determine your specific lifestyle and financial goals and develop processes and strategies to help you achieve them throughout your life.

Savings Plans and Wealth Creation Strategies

 

In the short-term, having savings frees you from the stress of living from one payday to the next. Having some money set aside helps you deal with large bills or unexpected expenses. As your savings build you will be able to think beyond day-to-day expenses and pay for larger things, like a holiday, a new computer or a car.

 

In the medium-term, you can save larger amounts for things like a deposit on a house. In the long-term, you can aim to have enough money saved to give you more choices when you retire. If you go down this path, you may want to think about putting your savings into investments that will grow your wealth.

 

From the short term to the long term, our Financial Planners will assist in developing strategies to meet your goals with the aim to create more wealth over the longer term so you can have more of the things you want throughout your life.

Gearing Strategies

Gearing – borrowing for investment – is usually a strategy associated with high income earners who are a long way from retirement, but this is not always the case. The primary objective of gearing should always be acceleration of wealth creation – not just tax breaks – and wealth creation can be an objective of investors across all age groups and life stages.

 

Whilst this strategy can be quite complex, our Financial Planners can assist by providing an appropriate gearing strategy for each individual client and we can cater to your specific goals and objectives.

Investment Planning

Investing is about putting your savings to work. There are lots of investment products to choose from. Your choices will depend on whether you want your money to grow or earn interest or both. You also need to think about how long you want to invest for and to understand how safe or risky various investments are.

 

Our Financial Planners can help you make your money start working and will assist in determining the most appropriate strategy for you to do so.

Tax Effective Strategies

Preparing any successful strategy requires a thorough analysis of your tax position which is influenced by a range of variables including your income, any potential capital gains issues and various investment structures.

 

As part of our service, our Financial Planners will look at tax effective strategies that will assist you with your wealth creation. Whether it is investing in superannuation, borrowing to invest, utilising imputation credits associated with direct Australian equities or participating in Managed Investment Projects, our Financial Planners will ensure that your money is working for you in the most effective manner.

Debt Reduction

Mortgages, Car Loans, Credit Cards, Investment Loans; they all add up. Some debt is good, and some is bad, but we all want to get rid of it. By meeting with one of our Financial Planners we can help develop long term strategies to reduce your debt levels for good. 

Salary Packaging

Salary packaging occurs when you and your employer enter into a remuneration agreement where you elect to receive some of your remuneration in the form of a non-cash benefit. Salary packaging can be a tax-effective strategy due to utilising your pre tax salary to fund benefits.

 

With the help of our Financial Planners we can determine if salary packaging is appropriate for your specific situation and put in place strategies to compliment the packaging structure you may be entitled to.