If you are looking for a tax effective wealth accumulation strategy that provides flexibility and control of your retirement investment affairs then a CCA Financial Planners Retirement Income Plan could be for you.

By optimally structuring your retirement savings arrangements you can achieve significant gains.

A personally tailored Retirement Income Plan prepared by us will provide you with a comprehensive document that clearly sets down the actions you will need to take to tax-effectively structure your income in retirement. These include:

• Strategies to optimise the structure of your Superannuation account balances and personal assets, for income tax purposes;
• Recommendations on the type and structure of your Superannuation Pensions and a projection of your income streams in retirement;
• Assessment of your eligibility to access Centrelink Benefits;
• Assessment of the impact of Income Tax on your retirement income and capital;
• A review of the Estate Planning implications of the structure of your retirement capital
• Cashflow analysis providing projections & modelling based on retirement income needs

With a growing number of people deciding to manage their superannuation, understanding your investment options and considering your retirement objectives will impact the strategy you implement to build a more secure future.

To address your various needs, we offer Self Managed Superannuation Fund’s (SMSF’s) as well as retail and wholesale superannuation structures. Our integrated SMSF service covers financial planning, investment advice, insurance as well as accounting, tax and compliance for your SMSF.

Our Superannuation services include:

• Establishment of a SMSF
• Super to Super Advice
• Contribution Strategies
• Transition to
• Investment strategy & strategic planning advice
• Trust deed review Superannuation consolidation & rollovers
• Lost superannuation retrieval
• Structuring of Insurance through superannuation
• Pension planning, incl. accumulation to pension phase
• Death Benefit Planning
• Limited Recourse Borrowing Advice

We can assist with the entire process and discuss the strategies available to you, and more importantly, ensure you make the most appropriate decision for your personal circumstances.

• Your Investment Goals
• Your time frame
• Your risk tolerance
• Your current financial position
• Your preference for Diversification and Investment

We analyse your needs and financial position and then recommend the most appropriate strategy, investment structure and vehicle to achieve your goals.

We understand that the decision to invest is both a personal and emotional one. When investing, you need to feel safe and secure in the fact that the person you entrust understands your needs and comfort levels and that they are able to choose an investment which best reflects this.

Whatever your circumstances, it is important to review and amend your financial strategy to suit your changing needs and financial position regularly.

Western Advisory’s financial planners can help you with appropriate, tax-effective investment strategies. We can provide you with the right advice, plus we have access to a range of investment products, services and expertise to make the most of your time and money.

Estate planning is more than just making a plan to distribute certain assets to certain people. A complete estate plan will allow you to retain control of your assets and to determine who will make decisions on your behalf should you become unable to in the future.

Estate planning encompasses:

• Review of existing structures & wills
• Strategy & plan for the transfer & protection of assets and the control of assets (both now & in the future)
• Advice on potential structures such as testamentary trusts
• Determining whether a Power of Attorney is required, and who should be appointed in that role.
• Appointing an Executor of the Will.
• Will preparation
• Co-ordination of overall process, incl. Lawyers

Estate planning advice will help you to decide whether you require the preparation of a more complex Will incorporating testamentary discretionary trusts, amendments to your family trust deed or self managed superannuation fund and a formal estate planning strategy document.

Estate planning advice is often needed when:

• If you have sizeable assets and the personal circumstances of your beneficiaries require the creation of more complex trusts within your Will.
• You have vulnerable beneficiaries with special needs.
• Your investment or business structures are complex and may include a family discretionary trust, a self managed superannuation fund or a private company.
• You wish to minimise the tax liability of your estate or your beneficiaries, for example via superannuation or testamentary trusts.

The most essential activity is to talk to a legal professional/lawyer and/or your solicitor, who can help out with all parts of estate planning.

When undertaking a financial plan it is important that you understand how these issues will impact on you and what you should expect over time.

Debt can be a very useful tool when used properly.

Using debt, you could buy a house you may not be able to afford outright. You just need some equity and you can borrow the rest, assuming you can make the repayments.

Debt can also be used to buy investments with potential to grow in value, like shares and property. This strategy, known as gearing, may help you to build an investment portfolio faster than you could have otherwise.

To help repay the loan you’ll have income generated by your investments and possibly some tax deductions. So, for many people, servicing an investment loan can be an achievable outcome.

• Gearing & lines of credit
• Margin lending
• Debt management strategies
• Savings plans (incl. education) & cashflow planning

What would happen if you, or your business partner, could no longer work because of illness, injury, or even death.

Could you afford to buy each other out? What would that mean for your family’s financial security?

A Buy/Sell Arrangement can give you certainty about what will happen to your business if you, or your business partner, are forced to leave the business due to death or injury.

With a Buy/Sell Arrangement in place the business can change hands in an agreed manner, for an agreed value – with insurance used to fund the buy-out.

To find out whether your business, and your family, has the cover you need, make an appointment with your financial adviser. Together we can look at your circumstances and find the best options available for you.