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SUPERANNUATION
INVESTMENTS
INSURANCES
CLAIMS
RETIREMENT AND FINANCIAL PLANNING
SELF-MANAGED SUPER FUNDS

Grow Your Wealth With The Right Advice

Grow your Wealth
Protect your assests & family
Minimize your Tax
Achieve your Desired Goals
Build a better retirement

SUPERANNUATION

What is superannuation ?

Superannuation also called as self managed super fund is a long-term savings vehicle designed to provide you with income during retirement. If you have retired or approaching for retirement financial planning , converting your superannuation rate into one of our pension products can ensure that you receive a steady income stream and may provide a tax effective solution for your superannuation savings.

Mcubeplanners superannuation funds australia and retirement solutions aim to help you meet your retirement goals on your journey from employment to retirement. We offer a range of superannuation solutions that are flexible, convenient and can help you reach happy retirement with the funds to enjoy the lifestyle you want in retirement

Nevertheless , Do you know :
■   How your super is invested? What return should you expect and what risk are you taking?
■   What fees are you paying?
■   Where would your super go if you were to die?
■   The tax office has billions in unclaimed and lost super – could some of this be yours?
■   Do you have any insurance inside your super, and if so, how much is it for, what premiums are you paying, and under what circumstances could you claim on it?

Smart strategies
Not only can we help you get your super sorted, but we can see if there are any smart strategic financial planning that can boost your super and get you to your retirement life sooner. Some strategies we have used with our clients include :

■ Saving tax in your super fund so you have more for you … not the tax man
■ Invest so as to maximise your return for the amount of investment risk you are happy with

INVESTMENTS

Investing is a personal thing – and is often an emotional affair. That's fine when you can also rely on the objective recommendations and professional know-how of our investment experts. This allows you to achieve the best-possible investment results.

The three pillars of your investment success

If you'd like to invest money over the long term, we recommend that you bear the following three factors in mind: analysis, strategy and discipline. You can also rely on our investment advisors' know-how. In an advisory consultation, we'll analyze your personal financial situation, decide on an investment strategy and help you implement it in a disciplined way.

Analysis

UBS has hundreds of economists and investment specialists around the world observing the financial markets – day by day and around the clock. Our experts regularly produce analyses of various markets and asset classes. This data flows into the UBS House View – our investment policy – which forms the basis for our investment advice. This enables us to assess potential risks in an objective way and be among the first to spot opportunities on the markets. At the end of the day, successful investing depends on evidence-based and rational decision-making.

Strategy

Designing an investment strategy is about developing a tailor-made solution. It won't actually fit you unless it reflects your potential, needs and objectives. That's why the personal consultation is all about you and what matters to you:
●   What is your financial situation?
●   What sort of returns do you expect?
●   What is your capacity for risk?
●   What do you want to achieve in the long term? And in the short term?
We'll take your answers to these and other questions and use them to work out your own personal investment profile and the strategy that's right for you.

Discipline

When investing, you need to plan for the long term and look to the future. There's no place for spontaneous actions or for decisions based on emotion. You need to take the long-term view, and our investment experts can do that. Starting from the investment strategy that we've worked out, we work with you on building up a wide-ranging portfolio made up of the mix of equities, bonds and, on request, also alternative investments. But even the best investment strategy needs to be consistently applied if it's to really work. We are here to help you.

Nonetheless,you may be wonder.

■  How safe is my money?
■  What sort of return can I expect?
■  Is now the right time? Are markets overvalued?
■  What should I invest in; property or shares, or is there something else?
■  Can I access my money if I need it?
■  How do I go about it?

Investing can help you achieve your goals, but it comes with risks that need navigating, and that’s where we can help. Whether you have had some experience or none at all, we will sit down with you and tailor an investment portfolio to suit your individual goals, your investment experience, and your comfort level with investment risk.
Some investments we have used to help clients achieve their goals are:
■  Shares
■  Residential Property
■  Managed Funds
■  Exchange Traded Funds

Is borrowing to invest right for you?
Borrowing to invest is also known as 'gearing' and it can be a risky business. Gearing can increase your returns when markets are rising but losses can be disconcerting when the markets fall. Borrowing to invest is not for everybody. We can work with you to make sure you understand all the risks before you make a decision and be with you to navigate through the ups and downs so you have the best chance of achieving your goals.

Make tax work for you
We can help you structure your investments so that they are tax effective and you end up paying no more tax than you need to. Franking credits, capital gains tax, deductibility of investment expenses, negative or positive gearing, investing inside or outside super, using discretionary trusts, are all considerations we take into account when recommending the optimal structure for your individual circumstances.

INSURANCES

Insure what's precious to you

We all insure the things we own. But many of us don't insure the things that matter most: our income, our lives, our ability to support our families.

Getting the right life insurance needn't be complicated or expensive – but it is critical to start early and get adequate cover. We pride ourselves on bringing affordable insurance to our customers and making sure we deliver a straightforward and transparent experience.

Moreover, If you have debts or dependents, what would happen to them if something was to happen to you?

What if you were unable to work for an extended period of time, you were to become permanently disabled, or you were to die. How long would you and/or your family be able to put food on the table, keep the roof over your head, and pay for things like medical expenses? Think about the added stresses this would put on you and/or your loved ones when money could be the least of your worries.

We may have a Plan A for our finances but what about a contingency Plan B? That’s where personal insurance can provide you peace of mind by replacing your income or provide a lump sum of money to help with living expenses.

Hopefully, you never need to claim on your personal insurances, but if you do, you will be glad you put your financial affairs in order.

Insurance inside your super
If cash flow is a concern, you can still protect you and/or your family by having most of your personal insurances paid for by your super fund. We can advise you on the pros and cons of this, so you can make an informed choice that suits you.
Other things to consider:
■  For how much would you want to be insured?
■  For how long can you meet your living expenses before you would want your insurance payments to start?
■  For how long would you want your insurance payments to last?
■  For what events would you want to be covered?

CLAIMS

Mywealth Planners is pleased to announce our new partnership with Melbourne Tautoko Funerals. Mywealth Planners can now assist families with personal Insurance Claims during their difficult times.
A claim is never just about the money—it's also the acknowledgement and respect of the individual, closure, privacy and dignity (often for their family and/or business too) at a very difficult time in life.
When you need to claim on your personal insurance policy, people without a financial adviser can often feel underrepresented and vulnerable to a corporate system of red tape, delays and uncertain futures.
So what can people do :
■  DIY and hope for the best, or
■  Employ a solicitor to lodge and chase your insurance claim, or
■  Employ the team at Mywealth Planners for our Priority Claims Assistance Service to get your claim completely sorted.
Please contact our team on (03)96896763

RETIREMENT AND FINANCIAL PLANNING

It’s never too early or too late to plan for happy retirement. Here’s some things to think about.

What to do in retirement?

Whether it’s travelling, taking up new hobbies or simply spending more time with your friends and family – your lifestyle changes are going to bring some financial changes, too. If you know how you’re going to spend your retirement, you can plan for those changes.

How much money do I need to retire?

Even with modest retirement plans, you’ll need money put away to meet daily expenses, as well as any unexpected medical costs and existing debts. With current life expectancies, your retirement income may need to last 20 years or longer.

Where will your money come from?

The Government Age Pension was created to cover basic living expenses only. While you may be eligible for the pension, you might want to think about using your super to top up these payments

Downsizing
Nonetheless, When reaching retirement life one of the questions to consider is: where do you want to spend the rest of your life? how to retire early?Most Australians love their home and want to stay where they are forever. However, many consider downsizing but surprisingly, few retirees are downsizing to free up money. In many cases, they are relocating to places which are closer to family or smaller than the house they had, yet similar in price. They are finding the physical demands of maintaining a large house and garden too much and are making a choice they believe will be for the long-term. They want the next move to be their final one.

Each person’s situation will determine what the best long-term solution is: health concerns, being close to medical care, mobility, and your personal, family and financial situations will affect your decision

It’s never too late to get started
No matter how long it is until you retire, there is always something you can do to improve your situation. Some of the things we have done for our clients include saving tax so you have more to retire on, changing the risk profile of your super investments, or paying off your debts sooner.

SELF-MANAGED SUPER FUNDS

A Self-Managed Super Fund (SMSF) is a super fund controlled by its trustees and regulated by the ATO. Self-Managed Super Funds tend to be best suited to those with high Superannuation balances who are prepared to invest a significant amount of time to their fund and have a strong knowledge of investments. At Mywealth Planners, we can help you to determine if a Self-Managed Super Fund is right for you. We can offer advice on and assist with the establishment of your Self-Managed Superannuation Fund and the purchase or rollover of your investments. If desired we can also offer advice on and assist with the wind up and closure of your Self-Managed Superannuation Fund.

A downside to having an SMSF is the increased time and effort that you will be required to meet the added responsibilities under the law that you will have as Trustee of your own fund. Even if you employ professionals such as accountants and financial planners to help you, at the end of the day you are still the one responsible in the eyes of the law.

There are some fixed costs in setting up and running your SMSF, and various studies have shown you generally need over $250,000 in super to make it worthwhile from a cost perspective.

So, if you have over $250,000 in super, you want to take more control over your super or you want to invest in direct property through your super fund, and you are prepared to the added time and effort in managing your own super, we can help you set up and manage your SMSF. Our particular expertise is in advising on and managing your SMSF investments.

*Australian Taxation Office 2015, Self-managed super fund statistical report – June 2015. Available from: ATO Website

GROW YOUR WEALTH WITH THE RIGHT ADVICE

Growing your wealth can give you more financial security as well as the ability to fund your lifelong dreams and support people and causes that are important to you.

As your trusted financial adviser, we take the time to get to know you and understand your goals and objectives, to enable us to provide you with tailored, specific advice in relation to the types of investment products that can assist you in achieving your short and long term financial goals.

Nevertheless, Great financial advice works like a fertilizer for your money – multiplying your assets and accelerating growth. Our role is to create strategies that are right for you, and then help you implement them.

These strategies may include:

●   Investment strategies – portfolio construction and investment selection, tailored to your individual requirements and based on extensive research.

●   Superannuation strategies – to help you save for retirement and take full advantage of this tax-effective environment.

●   Gearing strategies – borrowing to invest is a powerful tool in skilled hands and can be extremely effective at super charging your investment.

●   Retirement income stream strategies – tax-effective strategies that can continue to grow your capital even in retirement

●   Business optimisation strategies – helping you manage your business assets to increase their benefit to you personally.

PROTECT YOUR ASSETS AND FAMILY

You would be a unique person if you relished sitting down with your family or friends, to discuss what will happen to their financial situation if you died or suffered an injury or illness.

The Mcube planner team knows that you need the complexity taken out of insurance so we listen to you and discuss it with you to ensure you have adequately protected yourself, your income and your wealth. We can help you articulate your goals and understand your needs based on lifestyle requirements, debts and family responsibility.

Unexpected events such as ill health or accidents can force people from the workforce earlier than they may have expected. To be equipped to deal with life’s unforseen derailments, effective planning requires you to keep these types of contingencies in mind. Risk insurance is an effective means of transferring risk from you, the individual, to an insurer – let’s face it, that’s their business. Having the appropriate insurance in place provides confidence and peace of mind because of the protection it affords.

nonetheless, It’s essential because it is all about securing the needs of you and protecting your assets and family.

MINIMISE YOUR TAX

The tax system can seem complicated and overwhelming. It’s important to have a team of experienced professionals on your side who can show you how to legally reduce your tax. Every person’s tax situation is different and at Mywealth Planners, we can help you find ways to reduce your tax so that you can save money. Our number one goal is our customer’s satisfaction.

Common Taxes People Pay

The amount of tax that an individual pays is based on various factors. The main tax that most Australians pay is the amount that is based off of the income that they receive from employment, investments, some government payments, business income, foreign income and capital gains, to name a few. The amount of tax is a specified amount based on the level of income. For example, if a person earns less than $18,200 per year, they are not required to pay taxes on that income. Income over $18,200 is taxed at a marginal rate, which means that the amount of tax goes up with the level of income.

Once a certain level of income is reached, there’s a flat amount of tax owed, plus a set amount of cents per dollar. For example, if a person makes $38,000 per year, they are taxed $3572, plus 32.5c for every dollar over $37,000. Mywealth Planners can assist you in determining your tax rate so you know what you can expect to pay and what your employer should be withholding from your income.

On top of the marginal tax rate, many people are also required to pay the Medicare levy at a rate of 1.5% of your taxable income, which goes towards paying for the public health system.

Common Tax Deductions and Offsets

The Australian Taxation Office (ATO) determines what types of deductions and offsets an individual may be able to take based on their specific income and tax situation. Not everyone will quality for deductions or offsets, which is why it’s important to seek tax assistance, to make sure that you’re claiming the appropriate deductions and offsets.

Common deductions and offsets include:

●   Charitable donation deduction
●   Work related expense deduction
●   Expenses you incur for self-education
●   Home office expenses
●   Cleaning expenses for work uniforms or clothing

Offsets work a little bit differently than deductions. When you claim deductions on your taxes, what you claim reduces the amount of tax owed before tax is calculated. With offsets, your total tax owed is calculated and then the offset amount is reduced directly from that amount.

Common offsets include:

●   Dependent offset
●   Low income earner offset
●   Pension and senior citizen offset
●   Offset for income you’re receiving from a superannuation

The deductions and offsets listed above are only a few of the most common examples of where you may be able to save on your taxes. What you’re allowed to deduct or offset is dependent on your specific circumstances and income. We will review your specific situation and explain how deductions and offsets work.

Nevertheless, Let’s look at a scenario where an individual owns and operates a business, but they do so from their home office. Part of this individual’s expenses related to the home may be related to the business, while other expenses are personal. For example, the Internet connection may be used for both business and personal purposes, but what’s the proper way to divide that and any other expenses between business and personal? In addition, your home is typically exempt from tax, but if you run a business out of it, there may be taxes involved based on your specific situation. This is just one example where it’s best to have professional tax assistance on your side. How you calculate or claim certain deductions can have a major impact on your taxes.

Property Investors and Taxes

If you invest in property, there are a variety of tax regulations that you must be aware of when you lodge your tax return. Mywealth Planners can help you determine what property investment expenses can be deducted, potentially reducing your tax.

How We Can Help Reduce Your Tax

At Mywealth Planners, our goal is to find ways to legally reduce your tax. We will review your income, expenses and unique circumstances to make sure that you’re getting all of the deductions and offsets that you’re entitled to.

Even if you’ve lodged your own tax return in the past, it’s never too late to start looking for ways to save. It’s quite common to miss deductions and offsets and it may be possible that your financial situation has changed, therefore changing your tax circumstances as well. It’s always important to have a professional thoroughly check over everything to make sure that the return is accurate and that you’re not missing the chance to reduce your tax.

ACHIEVE YOUR DESIRED GOALS

Our ethos at Mywealth Planners is to work with our clients to create financial plans that reflect efficient, tailored, solutions directed at specific needs and objectives. We help you to make the right financial decisions, enabling you to achieve your dreams and ambitions.

Nevertheless, Financial Planning is a process. If the process is strictly followed, the chances of meeting your objectives and achieving ‘Financial Independence’ will be considerably improved.

Strategic Financial Planning: The first step towards building a financially-independent future is to outline your current financial position then together identify your desired goals and timeframes, building the road map to guide your journey.

Mcube planner develops financial strategies tailored to your specific circumstances, taking into account your short, medium and long-term financial goals.

Stage 1 – Gather Your Financial Information

The starting point is to create a profile of you, covering your personal circumstances, current financial situation and how you have arrived there. The more detail the better, because the clearer this picture of you and your finances is, the clearer the starting point of our journey will be. We will consider your family, your work or business, your tax position and your investments so we can appraise the appropriateness of them in relation to your financial plan.

Stage 2 – Identify Your Goals

The second stage is to clarify where you want to go, your objectives, concerns and aspirations as well as your attitude to investment and other risks. This is especially important, as it will be critical to investment portfolio construction, a key aspect of your Personal Financial Plan. Unlike many financial firms, we take investment risk extremely seriously as we know we are dealing with your financial future. Therefore, we ensure that we truly understand your willingness and ability to tolerate risk through the use of ‘Risk Profiling’ techniques.

Stage 3 – Identify Financial Issues

The third stage is to analyse your current position and consider your objectives to determine the ‘gap’ between the goal and the reality. This ‘Gap Analysis’ will enable us to clearly understand the journey you will need to travel in order to achieve your goals.

Stage 4 – Prepare Your Financial Plan (called a Statement of Advice)

Stage four involves the creation of a roadmap or journey plan generally known as a Statement of Advice, which communicates the most efficient route from A to B. This roadmap is your Personal Financial Plan. It will analyse your financial arrangements and make recommendations as to how your existing finances can be utilised. This will cover your assets, investments, liabilities and income. The way in which you spend your money is also a vital aspect of the analysis. Therefore, a review of your expenditure, in both the short-term and over the long-term will help to establish how robust the overall financial plan is. The plan will identify the cost of achieving your objectives, your financial independence and plan for any disasters which may arise. Your Financial Plan can be multi-generational and can cover the effective and efficient distribution of assets on death, in accordance with your wishes.

Stage 5 – Implement the Recommendations

The fifth stage of the process is to implement the plan. This stage may also include an action plan and/or investment strategy document, as noted in the Statement of Advice.

Stage 6 – Review and Revise the Plan at Regular Intervals, or When Circumstances Change

The final stage is to regularly review the plan and make modifications where required. Reviews should take place at least annually, but can be more frequent if required. The overall aim of the financial planning process is to help you reach your financial goals and develop or maintain your desired lifestyle, in the most efficient way possible. Financial planning gives consideration to strategies for the creation, distribution or protection of wealth specifically to meet your financial objectives.

Discover how Mywealth Planners can help turn your financial goals into a reality.

Plan for the financial independence you desire and deserve. Contact us today!

BUILD A BETTER RETIREMENT:

Your health and independence will be fundamental to a long and happy retirement planning. Similarly, a strong financial position is key to you enjoying the choices that a comfortable retirement lifestyle can bring.

We can work with your retirement investment and help you consider your goals and aspirations. We can help create a retirement plan that covers all the financial aspects of building your next chapter.

Your super is your savings for retirement and will most likely form an important part of your retirement nest egg. Generous tax concessions apply to super contributions and retirement income streams so, with the right planning, you can save more and generate your own income even after you stop working. The earlier you start planning, the more you can save and the longer you can take advantage of the tax benefits.

Ask yourself these questions

●   What do you want to do in retirement?

●   How much money will you need to do it?

●   Is there a gap in your retirement savings?

●   When can you retire?

●   How and when will you be able to access your super?

●   What Government support will you be eligible to receive?

Planning ahead can help you make the most of the opportunities that are available and help you achieve financial security, reduce uncertainty and enjoy your retirement.

Did you know… research by the Financial Services Council showed people who received financial advice were almost $100,000 better off at retirement?

Make the most of your super

Within your super, you can usually choose how your money is invested and this can make a huge difference to the level of income you receive in retirement. But, as with any of your other investments, the investment strategy you select needs to reflect not only the level of risk that you're prepared to take but your retirement income needs as well. By taking an active role in managing your super, you could not only boost your super but potentially reduce the amount of tax you pay as well.

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