Personal Financial health Chekcs
We find a lot of people aren’t really sure where their finances stand at the best of times. That’s why we have a 5 Minute Health Check to help people get a clearer picture, one that will enable them to make more informed decisions about what to do next with their money.
We take people through each one of the following checks and then once there’s a clear financial picture we help them put a plan in place to maximise their financial growth.
Income, tax, insurance, retirement, estate planning, debt solutions.
Planning for your retirement today is very important for your lifestyle comfort when you reach retirement age. Relying on the compulsory superannuation contributions your employer is legally required to make won’t put you in that ‘comfortable’ bracket. 73% of Australians believe they won’t have enough to retire on.
It matters how early you start to save for your future as compound interest is what your retirment is founded on, and the earlier you can start accumulating that interest the better.
Family insurance protection
It is advisable to take out different forms of insurance to cover all eventualities so that you will have peace of mind in case you are injured, fall ill or die. that was even if you aren't able to work you will still be able to meet you families monthly fnancial needs.
There are 4 main types of personal protection, death cover, trauma cover, total and permanent disablement cover (TPD) or income protection
Employers are required by law to pay a legislated portion of each employee’s salary into a superannuation fund of your choice. As this will form your retirement finance you need to ensure you have the right amount of superannuation and the best strategy in place for your retirement.
By consolidating your superannaution you'll save money buy only paying one set of admin and insurance fees, have less paper work, as well as it being easier to keep track of your superannuation.
When consolidating your superannaution there are many factors to consider eg, insurance cover, is your employer able to contribute to your new fund, is one of your funds a defined benefits fund, etc.
Wealth Accumulation Strategy
Building wealth in a lifetime is an important part of financial independence.
Everyone has different goals in their life and in turn require a different plan to ensure their goals are achieved, an individually tailored wealth accumulation plan is the secret to your success.
Your plan can consist of one or multiple assett classes: australian shares, international shares, term deposits, cash, etc.
Once your plan is place you will need to monitor your progress on your plan to ensure your goals will be met. Our Financial Planning partners will ensure this occurs and meet regularly to answer your questions and keep you on track.
MEMBER BENEFITS PROGRAM
Our sister business Your Wealth Hub's member benefits program delivers significant discounts on products and services from leading brands across Australia and beyond. We can deliver some of the best discounts on a weekly basis that will deliver significant value to every day products.
The list of suppliers is constantly growing. Currently the list includes the Good Guys, Apple, AGL, BUPA, Travel Club.
Our discounted products and services will save your employees money when they shop or save in their utility bills which we all know are always increasing every year.
BUSINESS CASH FLOW AND BUDGETING - YOUR WEALTH PORTAL
Your Wealth Portal is the one place you can access all your accounts in one place with one login – credit cards, bank accounts, home loans, investment loans and more. Your Wealth Portal utilizes a broad range of real-time data feeds which stores access to all of your financial information including property, superannuation, investments and cars..
Using Your Wealth Portal you are able to connect with your financial professional with one click access to their full range of professional services. Taking control of your cash flow management is easy with automatic categorisation of your income and expenses, instant budget feature.Your Wealth Portal will change the way you take control of your financial affairs and make it easy to plan and achieve your financial goals, anywhere, anytime, on any device.
Mortgages are the largest expense your paycheck wil have to cover every month. Thankfully, we can help you review your mortgage to figure out if your current mortgage contract is the best for you.
We have partnered with a specialist mortgage firm to help our clients review their current situation to determine if it is right for their individual circumstances.
Whether you have a mortgage already or are considering one, take a few moments to contact our office for a free review of your situation.
Property is tangible, whether you are an investor, owner occupier, aspiring investor or a tenant, we can all relate to it.
A property buyers advocate can be a huge asset when transacting on a property. Whether it’s for your own family home, an investment property or a property for a family member it’s worth understanding all you can about the marketplace and specifically the area.
Buyers advocates can take the stress out of looking for properties and dealing with estate agents as well as researching the marketplace and discovering the nuances in particular areas. Buys advocates are theprofessionals in this area and can deliver significant value to you by providing detailed reports and analysis on your property.
Wills and Estate Planning
A Will is a legal document that details your desires concerning the distribution of your personal property, minor children, your business and its assetts, charity donations or even investments, after you die.
If you pass away without one, you die ‘intestate’ and the courts will decide who gets your property and what will happen to your children. Your personal wishes or situation make no difference and the law applies to everyone. A will is important as it will give you peace of mind that you have left things in good order for your family and it will save them time, money and grief.
For the conveniece of our clients, we have partnered with a law firm who specialise in helping clients with an efficient Will solution.
Online tax return service
A tax return is an important responsibility that everyone will take part in after the conclusion of the financial year. It is your opportunity to audit the amount of tax that you have paid throughout the financial year and offset any deductions you may have incurred through the year to ensure the correct amount of tax is paid.
Submitting a tax return does not have to be a complex exercise, our sister business Your Wealth Hub have their own online tax return service which is avalible to all our clients. These tax returns are completed online during a time which suits your best and at a discounted rate.