Whether your business is structured through a partnership, company or trust, few have effective mechanisms in place for the transfer of equity and/or control if one of the owners is lost to the business due to death, total and permanent disablement, or a critical illness.
The Value of Regular Reviews (Video)
Importance of Protecting your Wealth (Video)
Understanding debt management. Enclosed here is a brief description of the main types of loan facilities, features and risks associated with managing debt.
An effective estate plan includes tax effective Wills to protect your estate and the interests of your beneficiaries in the event of your death.
Gearing may be used to accelerate the process of wealth creation by allowing an investor to make a larger investment than would otherwise be possible. The borrowed money can be invested in a number of ways, including direct shares, property and managed investments.
The common belief that “it won’t happen to me” often results in many people having a sound plan for wealth creation, but not an adequate plan to protect the very thing that generates the wealth – themselves!
Different investments have different risks. A way of reducing risk is to diversify your investments. Prior to investing, it is important that you understand the concept of risk, return and diversification and how this may impact your personal situation.
When approaching retirement, an important consideration is how to invest your savings, including superannuation, so that you are able to replace your wage with regular income throughout retirement.
For individuals seeking to own direct investments within superannuation or gain greater control of their superannuation portfolio, Self Managed Superannuation Funds (SMSFs) can be an attractive alternative.
The Australian Government offers a range of social security services and payments to support those in need and assist people to become self-sufficient. Benefits are provided through various means, such as pensions, allowances, concessions and aged care services.
Cash management trusts invest in highly liquid secure investments, such as short-term securities issued by the Australian Government, banks and corporate borrowers. They are generally able to offer a higher level of interest than a traditional bank account.
Superannuation has been specifically designed and endorsed by the Federal Government as the preferred way to save for your retirement, and has added tax benefits that make it particularly attractive.