Often clients come to us when they have received an inheritance. Their goal is often to ensure they leverage their position by finding the most tax effective investment opportunities. This was the case for Lisa and Chad. They also had two young children aged 8 and 6 were looking at ways to invest some money to help with their university and early adult years.
A young couple who recently visited us highlighted the importance of remaining engaged with your financial adviser as life moves on and your circumstances change.
Austin and Erin had put a plan in place seven years ago, but they have since had two children and the economic climate has changed considerably. Their plan was no longer relevant to their needs or goals. Among other things, educating their children at a private school was important to the couple - and they were hoping to afford an overseas trip.
After doing a thorough review, we came up with some new solutions for our clients.
Jane and Damian came to see us last year. A property sale had provided them with a good return, but they were anticipating a large capital gains tax bill. They were also starting to worry about their retirement and were concerned that they had some work to do before they could even think about slowing down.
Paul Dobbrick, director and adviser in the Gympie office explains how he helped with a strategy for them to retire earlier than they thought possible.
With the cost of living and interest rates on our minds, it is more important than ever to take advantage of tax planning opportunities in the lead up to June 30. This is also an ideal time to explore ways to boost your superannuation contributions.
Contributing extra funds to your super is always a good thing but one of the most attractive is the opportunity to access tax concessions.
