Financial Planit offers financial advice across a range of diverse areas. We understand that everyone’s situation is unique and provide holistic advice to meet your particular requirements. We are also happy to limit our advice to a particular area or situation should that better suit your needs. Our qualified Advisers offer advice across a broad range of areas including:

Financial Planning|Wealth Creation and Planning | Personal Insurance | Superannuation and Retirement Planning | Self-Managed Super Funds (SMSF) | Estate Planning | Aged Care and Centrelink | Retrenchment and Redundancy

Financial Planning

Financial planning is the process of achieving your life goals through proper management
of your finances. At Financial Planit we understand that as an individual your requirements are specific to you, and we tailor our recommendations to meet your unique set of circumstances.

We realise that no one’s financial situation is static, but is closely related to lifestyle choices and often impacted on by significant life changes. We carefully monitor and adjust our financial recommendations to ensure that changing circumstances are catered for, be they clients in their 20s right through to those in their 70s and beyond.

Financial planning provides direction and meaning to your financial decisions, especially in relation to superannuation and retirement planning. Our Financial Advisers assist you to make the most suitable decisions for your circumstances and to understand the financial implications of those decisions. This process puts you in a position to be able to adapt more easily to life changes and to feel confident in the knowledge that your financial and life goals are on track.

At Financial Planit we provide an objective, third-party perspective on what can be emotional and difficult decisions. Even if you are confident in your choices so far, it can be beneficial to have a financial specialist double-check your planning efforts to ensure that both short and long term goals are catered for.

Financial Planit welcomes an opportunity to talk to you about ways we may be able to assist you and your family. Contact us today to arrange a discussion on 1300 795 505.


Wealth Creation and Planning

Wealth Creation is suitable at any phase in life and involves the creation of strategies consistent with your long-term financial goals. Your lifestyle, goals and future requirements will play a vital role in developing a wealth creation strategy.

Some common strategies include:

  • Individual Wealth Creation
  • School Fee Planning
  • Gearing Strategies
  • Investing in Property and Shares
  • Tax Effective Strategies

At Financial Planit we will ensure a strategy is developed to suit your particular phase of life – whether it’s to build, protect, manage or enjoy – you can be confident there is a strategy, or combination of stragies to suit you and your family.


Personal Insurance

There is a growing trend of underinsurance within Australia and recent statistics reveal the financial hardship families experience when a tragedy occurs.

  • 63% of respondents had less than a week warning prior to the event*
  • 43% only knew of the death after it happened*
  • Almost 1 in 4 children had to move schools within 2 years of a death in the family due to financial pressure*

Insurance is important for many reasons and becomes even more paramount for those married and or with children. Protecting your loved ones from financial hardship should be an integral part of your financial plan. A Financial Planit Adviser can assist you to accurately assess your circumstances, calculate the appropriate level of insurance cover for you and your family and help you decide on the best protection.

  • Life Cover
  • Income Protection
  • Trauma Cover
  • Total and Permanent Disablement Cover

Whilst the prospect of illness, disability or death is unthinkable, being unprepared for the unexpected is even worse. Ensure your strategy reflects your circumstances and will provide for those closest to you.

*ING July 2010 “Picking up the pieces”


Superannuation and Retirement Planning

Retirement may last longer than you think; it can in fact represent more than 25% of your life. There are many considerations that should be addressed in creating a retirement strategy consistent with your aspirations, wealth, life goals and reality. No matter what your stage in life, whether you are just starting out in the workforce or already retired a Financial Planit Adviser can tailor a plan for you to maximise your retirement.

Some of the strategies a Finincial Planit Adviser may include in your retirement plan are:

One of the most tax effective forms of wealth creation. A Financial Planit Adviser will ensure you maximise your Superannuation potential, this includes contribution and withdrawal advice and potential Superannuation opportunities.

Salary Sacrifice
A tax effective strategy where an individual may be able to invest greater levels into their Super to boost retirement funds.

Transition to Retirement
At Financial Planit we tailor Transition to Retirement strategies to suit your circumstances. These strategies often take advantage of Superannuation rules that allow you to roll some or all of your Superannuation monies into a non-commutable allocated pension. This provides a regular tax effective income that can be combined with your regular take home pay.

Allocated Pensions
An Allocated Pension is an account that will provide you with a regular income stream from your Super savings. The income stream will generally be available to you once you retire from the workforce on or after your preservation age or attaining age 65.


Self-Managed Super Funds (SMSF)

Australians can choose to place their personal super contributions with an independently managed superannuation fund or with their own self managed super fund.

Self managed super funds perform the same role as other super funds, by investing contributions and making funds available to members on retirement.  The key difference is that the members of self managed super funds are also the trustees and therefore have more control of where their contributions are invested.  It is this flexibility which makes self managed super funds so attractive to many investors.

We can help with any queries regarding superannuation and help determine if a self-managed super fund is an appropriate strategy for you.


Estate Planning

Estate Planning is a complex area that requires special consideration to ensure your assets are passed on in accordance with your wishes and in the most tax effective manner.

Your Financial Planit Adviser will discuss, in conjunction with other professional Advisers, how to preserve and manage your assets when transferring across generations.

Typical questions to consider include:

  • Do you have appropriate life insurance to fund your dependants’ needs?
  • Would you like to leave a component of your estate for specific purposes such as the education of grandchildren?
  • Can you make a binding nomination through your super fund?
  • What do you want to happen to your assets if your spouse remarries after your death?

A misunderstood fact is that not all assets are controlled by a will; a will only addresses Estate assets. An Estate Plan ensures that the ownership and control of all of your assets passes onto your beneficiaries and that the transition of assets is tax friendly and as smooth as possible. A little planning can make sure your assets are used in ways that are consistent with your wishes.

At Financial Planit we work with internal and external estate planning experts to ensure that your personal succession and wealth transfer includes strategies that encompass effective investment planning (including wills, enduring powers of attorney and charitable trusts), tax optimisation and asset protection.


Aged Care and Centrelink

There is a growing trend to address the need for sufficient funds during retirement; yet many overlook Aged Care requirements.

For many, the first experience is when parents or in-laws experience unexpected health issues and suddenly require alternative living arrangements, such as hostel or nursing home accommodation.

What is an emotionally stressful time is compounded by the fact that financial challenges arise. Hostel and nursing home accommodation is an intricate area with varying rules and regulations. The rules associated with Centrelink also need to be considered and are likely to impact on your situation regardless of your net worth.

Accessing accurate information and advice can reveal significant benefits for the financial well being of the person requiring care. Fees charged for aged care are in part determined by Centrelink rules; however asset and income tests are applied regardless of whether you are a homeowner or not.

As many people go into aged care for an extended period it is important to get advice on how to draw down your assets and retirement income. A Financial Planit Adviser can put into place the appropriate structures and investments to fund the level of care required for aged family members.


Retrenchment and Redundancy

Understanding retrenchment and redundancy and the financial implications of these situations has become more relevant than ever before.

Redundancy generally makes for a stressful time where important lifestyle and financial decisions need to be made. Fully understanding the financial implications of redundancy, such as tax consequences and changes to social welfare entitlements can be a complicated process.

To ensure a favourable outcome from your redundancy package, it’s essential to adopt strategies advantageous to your individual circumstances. Tax, for instance is a complicated area given each component of the redundancy is taxed differently and therefore careful consideration needs to be applied to individual circumstances.

A Financial Planit Adviser can help you put in place strategies to ensure you manage the debt, superannuation, insurance and tax implications of the redundancy appropriately. The difference between no advice and good advice may be the difference in how well you manage the redundancy process.