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Pre Retirement

Wealth Creation & Investment Advice

Wealth Creation involves the building of assets by means of careful investing to achieve the best possible outcome according to the type of investments you are most comfortable with.  We show you what investment options are available and guide you into making well informed choices. You’ve worked hard for your money and we want to make sure it can now work hard for you.

Together we create an investment plan that is based on your individual risk tolerance that can include direct investments, share trading, managed funds, portfolio construction and ongoing reviews.

Our financial Advisers are salaried employees of Wealth Solution Partners and do not receive incentives or bonuses.

Salary Packaging

Salary packaging is an Australian Tax Office approved way of restructuring your income. It enables you to divide your pre-tax salary rather than your after-tax salary – to either buy approved products or contribute excess income into your superannuation fund creating wealth for your retirement. This way it is taxed at the minimal rate.

Tax Strategies & Planning

Effective tax planning is becoming increasingly difficult as allowed deductions slowly get reduced or eliminated altogether. We can work alongside your accountant to ensure that the most tax effective investing can be a further option to diversify your portfolio.

Tax is a healthy by-product of successful investing and generating a tax bill from your investments means you’re also generating income or capital gains. But if you’re sick of seeing half your profits disappear as tax at the end of the financial year, there are strategies you can use to ensure you don’t pay more than you need to.

It is possible to plan your investment strategy to reduce tax, without taking too much risk. If you’re close to retirement, using a combination of salary sacrifice and undeducted contributions to boost your super can save you thousands of dollars in taxation. New super arrangements provide increased opportunities and improved flexibility for your final years in the workforce.

Younger investors still needn’t look much further than making extra mortgage repayments as a tax-effective way to start investing.

We can assist you in the following areas of Taxation Strategies and Planning:

  • Determine if you are required to lodge a full annual tax return or an imputation credit return (IC return).
  • Where appropriate, prepare taxation reports, ie. income and capital gain reports, to assist you or your accountant in the completion of your annual tax returns.
  • Review your projected taxable incomes to produce appropriate salary sacrifice and packing recommendations.
  • Recommend suitable tax deductions, including superannuation deductions, to minimise your overall taxation position, including advice on capital gains tax minimisation.

Risk Insurance

Insurance pays you or your dependants a lump sum payment or replacement income in the event of a serious injury, long term sickness, disability or death. Without enough insurance cover, you and anyone who depends on you is exposed to a greater risk of financial hardship.

Your insurance options may include:

  • Death cover
  • Total & Permanent Disability (TPD)
  • Trauma Cover
  • General Insurance
  • Superannuation Cover

Redundancy Planning

Redundancy has become very common in Australia in large and small organisations. It involves payment to the redundant employee of a lump sum which is intended to provide financial support while they search for another job. Most redundancy payments are tax free up to certain limits. We can assist you in determining how these monies are to be used in creating wealth for your retirement.

Centrelink

Centrelink is an Australian Government Statutory Agency. Peter Ryan had over 14 years working at Centrelink. This experience has given him an understanding of the strategies available to maximise your retirement income and any other benefits you may be eligible for. We can also assist you in structuring your income and assets to maximise the available benefits and concessions and to complete any review forms and new claim documents.  Some of these benefits include:

Retirement HelpPiggy-bank

  • Age Pension
  • Veterans' Affairs
  • Pension Loans Scheme
  • Seniors Concession Allowance

Sickness, Disabilities & Carers Payments

  • Disability Support Pensions
  • Sickness Allowance
  • Mobility Allowance
  • Carers Allowance