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Financial Planning

Your financial plan begins with a simple conversation.

What Does A Financial Planner Do?

Suttie Financial Group’s financial planners can complete a comprehensive review of your financial situation and provide you with a plan to help you achieve your short, medium and long term goals. Your plan can include new opportunities and provide you with strategies to improve, grow and protect your wealth. 

We do this thought regular, ongoing advice regarding changes to superannuation legislation and interest rates, as well as assisting you with moving into aged care facilities.

How Can A Financial Planner Help?

  • Set financial goals that balance your needs for today and tomorrow
  • Create a plan to help support your family financially
  • Start investing or optimise your existing portfolio
  • Understand the best way to use a windfall, an inheritance, a pay rise or a bonus payment
  • Maximise your super and rollovers
  • Become debt free
  • Plan for retirement 

The Three Stages Of Retirement

01. Considering Retirement

  • How To Start Planning
  • Estimating Costs and Savings
  • Timeline For A Comfortable Retirement
  • Retirement Goals And Reaching Them
  • Planning To Move Out Of Australia
  • Ensuring Your Children’s Security
  • Life Insurance

02. Ready For Retirement

  • Retirement Plan Under The Microscope
  • Mistakes To Avoid When Planning For Retirement
  • How To Save To Enjoy Retirement 
  • Calculating Your Saving’s Lifespans
  • The Real Cost Of Living In Retirement

03. Life In Retirement

  • How To Make The Most Of Your Super After You Retire
  • Managing Risk In Retirement
  • How To Have Continued Financial Security In Retirement Living And Aged Care
  • Super Vs Mortgage In Saving For Retirement
  • The Transition To Retirement Pension Explained
  • Consideration Before Setting Up A Transition To Retirement Pension

Ready To Have A Chat?

FAQ

There are very limited circumstances that allow you to withdraw superannuation before your preservation age (age 55 to 60 depending on your date of birth). You may be able to withdraw a portion of your super if you satisfy any of the following conditions;

  • You may have an ‘unrestricted non-preserved’ component. You will need to check with your superannuation fund. Note that income tax would be applicable on any amounts are withdrawn
  • Financial Hardship – Please contact our office for eligibility conditions
  • Compassionate grounds – Please contact our office for eligibility conditions
  • Superannuation Account balances less than $200

An Account Based Income stream (also known as an allocated pension) is a way of receiving income from your superannuation when you are retired. You are required to at least draw a minimum income from your allocated pension, which is calculated based on your account balance and your age. An account based pension is concessionally taxed if received between the ages of 55 and 59 and entirely tax-free from age 60. We can determine whether an account based pension is beneficial for you.

We can assist you with consolidating your superannuation. You will need to provide our office all your current super fund statements. Note that you need to consider the following issues;

  • Any applicable exit fees
  • Any insurance benefits in your existing funds
  • Any other potential benefits offered by your existing funds

There are a number of issues to consider. In respect to financial considerations, it is recommended by ASIC you have at least $200,000 in superannuation before commencing an SMSF. You and your partner can be members of your own SMSF. Other issues to consider include (but are not limited to);

  • The requirement to maintain a folder with all your SMSF documentation, including bank statements, dividend statements, broker statements…etc. You will need to maintain some simple bookkeeping.
  • The requirement to develop an investment strategy. We can assist you with drafting and implementing an investment strategy.
  • Whether or not to have a corporate trustee for your SMSF.

The 2 major advantages of an SMSF are that you are in total control of your investments within the fund, and secondly, your fees can be significantly lower compared to a managed super fund. We can determine whether or not an SMSF is beneficial in your case.

This web page contains general advice only. It was prepared without taking into account your objectives, financial situation or needs. You should talk to a financial planner before making a financial decision.

SFG Financial Services Pty Ltd is a Corporate Authorised Representative (No. 473533) of InterPrac Financial Planning Pty Ltd (AFSL no. 246638)

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