25 August Mr John & Mrs Mary Smith 1 Brisbane Street Brisbane QLD Hello John and Mary,

Size: px
Start display at page:

Download "25 August 2014. Mr John & Mrs Mary Smith 1 Brisbane Street Brisbane QLD 4000. Hello John and Mary,"

Transcription

1 25 August 2014 Mr John & Mrs Mary Smith 1 Brisbane Street Brisbane QLD 4000 Hello John and Mary, We are pleased to enclose your Statement of Advice. This document contains all the information you need to take control of your money and achieve your financial goals. Your Statement of Advice is your personal financial plan Our advice and recommendations to you, and the reasons for them, are outlined in your Statement of Advice. Your Statement of Advice is personal to you. It is based on your current financial situation and the goals you want to achieve. Making it clear It s important that you understand, and are comfortable with, the information in your Statement of Advice. Where financial strategies contain technical concepts, we have included a Fact File to give you more information. If you do come across any information that is not clear when reading your Statement of Advice, please note it down and come back to us with any questions. A secure financial future Having a financial plan puts you on the path to a secure financial future, but it takes discipline and commitment to see the plan through and monitor your progress. We look forward to helping you implement your plan and building a relationship were we can continue to work together to achieve your financial goals. Helping you If you would like to discuss any aspect of your financial plan presented in this Statement of Advice, please don t hesitate to contact us on Yours sincerely Timothy Munro Authorised Representative - Count Financial Limited Director - Change Accountants & Advisors Pty Ltd Change Accountants & Advisors Pty Ltd Head Office: Level 13, 40 Creek Street, Brisbane QLD 4000 Postal: GPO Box 225, Brisbane QLD 4001 ABN Telephone Facsimile

2 Statement of Advice (SoA) Prepared for Mr John & Mrs Mary Smith 25 August 2014 Authorised Representative of: Prepared by: Count Financial Limited (Count) ABN: AFS Licensee: Level 19, 1 Alfred Street Sydney NSW 2000 P: E: info@count.com.au W: Timothy Munro Change Accountants & Advisors Pty Ltd ASIC ID Level 13, 40 Creek Street Brisbane QLD 4001 P: E: timothymunro@changeaccountants.com.au W:

3 Table of Contents Your Personal and Financial Details 1 Your Goals and Needs 3 Your Tolerance to Investment Risk 4 Your Personal Insurance Needs 5 What This Advice Covers 6 Summary of Advice 7 Recommended Strategy 8 Recommended Products 17 Financial Outcomes of Recommended Strategy 22 Products to be Replaced 24 The Cost of This Advice 27 Important Documents 29 Further Explanation of This Advice 30 How to Implement This Advice 31 Agreement to Proceed 32 Electronic Instructions Authority 34 Total Financial Care Agreement 35

4 Your Personal and Financial Details This section contains key information about your current circumstances and forms an important part of our advice to you. Please review this section carefully and let us know if any important information is missing or shown incorrectly. Where we have requested information from you that has not been provided, we have noted this below. If the information you have provided is incomplete or inaccurate, you will need to consider if this advice is appropriate for your circumstances and objectives before you act on it. Personal Details Details John Mary Age Date of Birth 01/01/ /01/1983 Marital Status Married Married Occupation Software Developer Full-time Mother Retirement Age Smoker No No Dependant Details Name Date of Birth Dependant Until Age Sam 01/09/ Income Details Details Owner Amount Salary (including Super) John $215,000 Other Income John $23,920 CBA Protected Shares Dividends John $17,400 Total $256,320 Expense Details Details Owner Amount Annual Living Expenses (including loan repayment) Joint $78,000 CBA Protected Share Portfolio Interest John $39,450 Total $117,450 Lifestyle & Investment Asset Details Type Owner Amount Family Home Joint $635,000 Statement of Advice for John & Mary Smith Page 1 of 37

5 Investment Property Joint $410,000 Subaru Joint $8,000 Mazda Joint $4,000 Home Contents Joint $30,000 CBA Protected Share Portfolio John $500,000 Total $1,587,000 Liability Details Type Owner Term Repayment Frequency Amount Home Mortgage (BOQ at 4.85%) Joint Not disclosed $4,000 Monthly $581,000 Investment Property Mortgage (BOQ at 4.85%) Joint Not disclosed $1,200 Monthly $200,000 Car Loan Joint Not disclosed $800 Monthly $6,500 CBA Protected Loan John 2 Years $3,167 Monthly $500,000 Total $1,287,500 Superannuation Details Product Account Owner Account Balance Russell Investments Super Fund John $161,055 Commonwealth Bank Group Super Mary $38,000 Total $199,055 Life Insurance Details Policy. Owner Life Insured Type Benefit Premium (p.a.) Russell Investments Super Fund The Trustee John Life & TPD $535,000 $ MLC Life John John Trauma $153,727 $ MLC Life John John Income Protection $4,682/mth $1, MLC Life John John Income Protection $3,796/mth $1, Total $3, Estate Planning Details Details John Mary Will in Place No No Testamentary Trust No No Power of Attorney No No Enduring Guardian No No Statement of Advice for John & Mary Smith Page 2 of 37

6 Your Goals and Needs This section describes the reasons that you came to me for financial advice and highlights what you want to achieve. Understanding your goals and needs is an essential part of developing a personalised financial strategy that is right for you. The goals you want to achieve, as well as additional needs that we identified from your personal and financial details, have been summarised below. The recommendations made in this Statement of Advice have been designed to meet both your goals and needs. Your Stated Goals are: Superannuation options including consolidating your existing super funds and making more use of your Super monies: - Owning a Self-Managed Super Fund (SMSF) - Consolidating your Superannuation Funds - Investing your Super monies into Growth assets to build for future retirement Reviewing your current insurances compared to your insurance needs to ensure that you are covered adequately and in the most effective way. - You would like to ensure that you and your family are financially protected in the event of serious illness, disability or death. - To ensure your income is protected in the event that you are unable to work due to temporary illness or disability. Establish Wills and Powers of Attorney for each of you. Statement of Advice for John & Mary Smith Page 3 of 37

7 Your Tolerance to Investment Risk This section describes the level of investment risk that you are comfortable with and shows how we will invest your money accordingly. During our meetings we have discussed your thoughts and feelings on investing, along with fundamental investment concepts such as risk, return, volatility and diversification. This included your level of comfort with various investment risks, as well as the returns and volatility that are associated with different investments. You also completed a risk profile questionnaire to provide us with more specific details about your attitude to the risks involved in investing. The purpose of these discussions and completion of the risk profile questionnaire was to identify your risk profile. Your risk profile is simply a description of how much risk you are comfortable with in order to achieve your goals and it is used to guide decisions around how your money is invested. For further details on the nature of each risk profile, including the potential return expectations, please refer to the Further explanation of this advice section and the attached fact files. Your Results The results from the risk profile questionnaire you have completed show that you both have a High Growth risk profile. We have discussed what this means for you, including: The types of investments that are appropriate for this risk profile. The risks associated with the various investments that fall within this risk profile. Your tolerance to market fluctuations. Your main focus is maximising investment returns; risk is not a consideration. You have a high tolerance to any short-term investment market fluctuations, and are comfortable with the notion that over the long-term the best way to maximise returns is through growth assets. As such you would feel comfortable with a more aggressive portfolio structure (eg exposure to Australian and International shares). Important Details about Your Risk Profile The details below show how your money should be invested under your risk profile. However following discussions, you have specifically stated your interest in long term growth investments therefore as a result your investment option will not be aligned to your benchmark asset allocation. Benchmark Asset Allocation: High Growth Investment term 7 Years Benchmark: net return objective CPI plus 4% Asset Balance: growth / income 100% / Nil Probability of a negative return* 18.10% Statement of Advice for John & Mary Smith Page 4 of 37

8 Your Personal Insurance Needs This section describes your personal insurance requirements and how we calculated the amount of insurance that you need. Personal risk insurance gives you the peace of mind that you and your dependants are financially supported in the event of serious illness, disability or death. Your Insurance Requirements The amount of insurance cover recommended is based on your personal and financial details. To calculate your insurance requirements we have taken into account: Your income, expenses, assets and liabilities. Your personal insurance goals. Insurance Needs Calculations Mortgage Repayments (Family home, Investment Property & Car loan) John Mary $787,500 $787,500 Replacement of Income (p.a.) $215,000 Nil Number of years for replacement income to last (total) 21 years (till age 65) 23 years (till age 65) Return expected from investment (post tax) 5.00% 5.00% Assumed inflation rate 3.00% 3.00% Dependents Annual income required to maintain education / lifestyle costs Sam (Age 1) - $15,000 p.a.(17 years for income to last) Expenses upon death funeral, legal etc $25,000 $25,000 Expenses upon TPD, legal & home refurbishment etc $25,000 $25,000 Housekeeper/Nanny/Childcare (not covered above) $25,000 $25,000 Expenses upon Trauma, medical / hospital costs etc $50,000 $50,000 Total ideal level of Life cover $6,000,000 $1,000,000 Total ideal level of Total & Permanent Disability cover $2,325,000 $1,000,000 Total ideal level of Trauma cover $800,000 $542,000 Total level of Income Protection cover $171,984 N/A Statement of Advice for John & Mary Smith Page 5 of 37

9 What This Advice Covers This section describes what is included in our advice, and any limitations of our advice. It also outlines areas of advice that we have agreed with you are not to be included and explains why. Advice Addressed Superannuation planning Wealth Protection Estate Planning General and Health Insurance We are not authorised or qualified to provide advice regarding general insurance products or health insurance products. These products play an important part in your overall financial plan and we recommend that you seek advice in these areas to ensure that: Your assets (for example, your home, contents and motor vehicle) are protected from loss or damage. You and your family are provided with the required level of health care and hospital cover. Tax issues Please note that I am not a Registered Tax (Financial) Adviser. We therefore recommend that you seek further advice from your tax specialist about the tax consequences of the recommendations outlined in this Statement of Advice (SoA). Product Recommendations from the Approved Product List The range of financial products we provide advice on are listed in the Count Financial Limited approved product list. These products are subject to a rigorous due diligence process by the Count Research Committee and are actively monitored on a daily basis thereafter. Important Information In Relation To Limited Advice If you have sought advice on a specific subject you need to be aware that my advice will be limited to that subject and your circumstances relevant to that subject only. Before acting on the limited advice you need to consider how appropriate it is for you by taking your overall objectives, financial situation and needs into account. If now or at any time in the future you decide that you would like advice on the areas that have not been addressed in this SoA, please contact our office. Statement of Advice for John & Mary Smith Page 6 of 37

10 Summary of Advice This section summarises our discussion of the recommendations that have been made to meet your needs and goals. We have offered you a full advice service, however, you have elected to restrict our advice to: Superannuation Planning Establish a Self-Managed Super Fund (SMSF) and consolidate both your existing superannuation funds into the SMSF. Open a Macquarie Cash Management Account as the cash hub for the SMSF. Invest part of your super rollover monies and borrow additional funds into a share portfolio through Macquarie Equity Lever with a pre-selected portfolio. Direct both your Super Guarantee Contributions (SGC) into the SMSF. Wealth Protection Implement both your Life Insurances via your SMSF, the premium will be paid by your SMSF. Implement Mary s Total & Permanent Disability Insurances inside your SMSF, the premium will be paid by your SMSF. Implement John s Total & Permanent Disability Insurances outside your SMSF, the premium will be paid by you. Implement both your Trauma and John s Income Protection insurances outside your SMSF, the premium will be paid by you. These strategies will maximise your tax deductions and create efficient personal cashflow. Estate Planning Establish a Will and Power of Attorney for each of you to ensure that your Estate is distributed in the manner you wish. Statement of Advice for John & Mary Smith Page 7 of 37

11 Recommended Strategy This section provides details of the strategies that we have recommended and explains how they meet your objectives. Goal(s) this strategy meets Owning a Self-Managed Super Fund Establish a Self-Managed Superannuation Fund (SMSF) We recommend that you: Establish a Self-Managed Superannuation Fund (SMSF) with a Corporate Trustee. Consolidate your existing superannuation funds into your SMSF. Establish a Macquarie Cash Management Account as the cash hub of your SMSF. Direct your Super Guarantee Contributions and/or salary sacrifice contributions to your SMSF. Implement an Investment Strategy appropriate to your risk profile for your SMSF. How this strategy meets your objectives SMSFs are sometimes referred to as do it yourself superannuation funds. SMSFs provide a greater degree of control and flexibility than a public offer superannuation fund, making them suitable for sophisticated investment and retirement strategies. The main difference between SMSFs and other types of superannuation funds is that a SMSF member also acts as a Trustee (or Director of a Corporate Trustee) and must prepare and implement an Investment Strategy for their fund and manage the benefit payments. With a Self-Managed Super Fund (SMSF): You have a greater degree of control and flexibility over your superannuation. You have the ability to invest in assets not traditionally available within the superannuation environment, such as direct property or alternative assets. You are able to borrow to invest under a Limited Recourse Loan Arrangement. You can obtain a more comprehensive insurance policy in the SMSF to protect you against an insured event. Please see our recommendation on insurance for more information. You have the scope to purchase business commercial property and lease it back to your business should either of you at some point in the future decide to commence a suitable business. You can implement tailored Estate planning strategies within your SMSF. It is important to consult a legal professional in relation to Estate planning matters. To ensure your retirement savings grow over time it is important to: Make sure your employer contributes to your SMSF. Have an appropriate Investment Strategy for your SMSF to ensure your funds are invested in accordance with the SMSF s risk profile. Having a Corporate Trustee is useful in situations where a single member wants full control over how the fund is managed, where the SMSF members may change, where a member has a high risk of personal litigation, or where the SMSF would like to borrow to invest. Risks & disadvantages Each Trustee is fully responsible for the decisions and operation of the Fund - this includes overall legislative compliance. Failure to comply with regulatory and administrative requirements can result in fines, tax penalties and even criminal charges for the Trustees. For Funds with a lower level of assets, costs may be relatively high as a percentage of the Fund's assets, when compared to other Superannuation Funds It is essential that you wait until you have been accepted for insurance within the SMSF before relinquishing your existing insurance benefits held in your existing product. Once your insurance application is accepted, rollover the outstanding balance into the SMSF. Statement of Advice for John & Mary Smith Page 8 of 37

12 Goal(s) this strategy meets Consolidating your Superannuation Funds Consolidate your Superannuation Funds We recommend that you rollover the total balance of your existing superannuation funds into your Self-Managed Super Fund as detailed in the product recommendations section. Apply for Life cover with your Self-Managed Super Fund being the policy owner. Details of our insurance recommendations can be found in the Wealth Protection section. How this strategy meets your objectives By consolidating your superannuation funds and contributions into your SMSF: You will be able to invest according to your superannuation goals and preferences. Your super will be easier to track. You won't be doubling up on account keeping fees. The SMSF fees are generally a fixed cost and you may find cost efficiencies by having a higher balance in your SMSF. Please see the Replacement of Product section and for a complete analysis of the current and recommended superannuation funds. To implement my recommendation: The process to fully establish your SMSF will take approximately 3-6 weeks. At the end of the process you will receive the Funds TFN and/or ABN. You can then apply to rollover your existing superannuation into the SMSF cash hub. You can then lodge a Choice of Fund form with your employer nominating your SMSF to receive your superannuation contributions. Risks & disadvantages There is no guarantee that the SMSF will outperform your existing funds. Any fees and costs associated with rolling over your super will reduce your super balance. There is no guarantee that rolling over your superannuation will provide a better outcome. If you are maintaining insurance cover in a large APRA regulated fund, the potential loss of insurance benefits as a result of switching from the large fund to a SMSF is an important consideration. If you are taking out replacement insurance cover through the SMSF it is essential that you wait until you have been accepted for new insurance cover before relinquishing your existing insurance benefits. Once your insurance application is accepted, we recommend that you rollover the outstanding balance into the SMSF. Time out of the market during the transaction phase may result in the potential loss of returns on your investments during this time period. Possible loss of tax/franking credits from your current superannuation plans. For further information regarding this recommendation refer to the following attachments: Superannuation Self-Managed Super Funds SMSFs and Limited Recourse Borrowing Arrangements Structuring assets in SMSF's Market volatility Risk and return Statement of Advice for John & Mary Smith Page 9 of 37

13 Goal(s) this strategy meets Investing your Super monies into Growth assets to build for future retirement Invest with Macquarie Equity Lever We recommend that you: Invest $150,000 of your super rollover monies and borrow an additional $150,000 into a share portfolio through Macquarie Equity Lever. Select the Growth Plus pre-selected portfolio. This share portfolio consists of 6 stocks selected by Macquarie Equity Research. How this strategy meets your objectives Macquarie Equity Lever enables you to borrow to invest in selected ASX-listed securities through instalment receipts. Borrowing to invest (or gearing) enables you to boost your investment earning power by increasing the amount of money you have available to invest. With the Macquarie Equity Lever: You benefit from any growth and income potential of the selected share portfolio. You invest a greater amount of total money than you would be able to on your own. This means you can increase your wealth at an accelerated rate. Interest is capitalised and dividends from the underlying securities are used to reduce the outstanding balance. You can choose to borrow up to 50% of your share portfolio. There is no credit assessment upon application. Your SMSF can choose to receive full legal ownership of the underlying securities once you have made the completion payment. The Macquarie Equity Lever has a Limited Recourse feature. This simply means that if the final proceeds of the sale of your underlying securities are insufficient to pay the completion payment for all of your instalment receipts, Macquarie cannot seek further payment from you. You can acquire additional instalment receipts at any time to take advantage of opportunities as they arise. No withdrawal fees or termination fees apply for early closure of instalment receipts or an early completion payment. It is an eligible investment for Self-Managed Super Funds (SMSFs) giving you the opportunity to borrow to invest using your SMSF. You can see the impact of this recommendation on your cashflow in the Summary of Financial Outcomes section of this document. Risks & disadvantages The Macquarie Equity Lever product has similarities to a margin lending facility in that the investment product is subject to margin calls called instalment acceleration events. If an instalment acceleration event occurs, you must reduce your current facility Leverage to Valuation Ratio (LVR) to 5% below the maximum facility LVR. Should you trigger the instalment acceleration event, you may be forced to sell during a declining market. Whilst the investors hold the beneficial ownership to the instalment receipt, investors are not entitled to voting rights. Your investment returns may not offer you above inflation returns. If your instalment receipt has a fixed interest rate, you may be charged break costs as a consequence of a number of circumstances, including paying your outstanding instalment balance in whole or in part prior to the completion date or as a result of your request for an early closure of your instalment receipts. Issuance and Advisor brokerage fees apply. In the same way that gearing has the ability to magnify returns it can also magnify the losses. You may need to apply for adequate wealth protection cover to protect your income, in the event you cannot return back to work. Insurance premiums may place a strain on your cash flow. Rising interest rates may dilute the total earnings of this investment product. Direct shares carry the administration burden of keeping track of paperwork for each stock. Your direct share portfolio heavily relies on the performance of the Australian stock market. There will be times when the Australian stock market underperforms compared to other asset classes. In some very minor cases, the listed company may be suspended from the ASX and you may not be able to access these funds until the suspension is removed. Statement of Advice for John & Mary Smith Page 10 of 37

14 Goal(s) this strategy meets You would like to protect your family / Estate in the event of disability or death Implement Life and TPD Insurance We recommend that each of you apply for the below insurance covers and cancel your insurance policies within your existing super funds: Implement Life insurance via your SMSF with a benefit amount of $6,000,000 for John and $1,000,000 for Mary. Implement Total & Permanent Disability (TPD) insurance inside your SMSF with a benefit amount of $1,000,000 Mary. Select Any occupation definition because you are currently not working and this is the only available option. Implement Total & Permanent Disability (TPD) insurance outside of super with a benefit amount of $2,325,000 for John. Select Own occupation definition because it is more certain and definitive when it comes to claim-time. Select a Stepped premium structure as it will be more affordable at the start of the policy however the cost will increase in line with your age. Select the Premium Waiver option as it waives the premiums payable on your Life & TPD covers if you are significantly disabled and unable to work for 6 or more consecutive months. Through our needs analysis we have modelled the likely financial consequences to you and your family in the unlikely event you were to die prematurely, or were unable to work ever again due to a serious injury or illness which causes total and permanent disability. Our needs analysis demonstrates that the financial consequences to your family would be very severe. For this reason, it is our recommendation that increasing your Life and TPD cover to the recommended amount is a prudent risk management strategy. This will ensure that you and your family are protected against the financial consequences of: Your premature death or diagnosis of a terminal illness; and, A serious injury or illness which causes Total and Permanent Disability (TPD) and prevents you from working again. How this strategy meets your objectives As part of the insurance premiums are paid from your superannuation fund, your disposable income is less affected. It is also tax-effective, as the premiums are tax-deductible to the Trustee of the superannuation fund. Where the beneficiary is a dependent, there is no additional tax payable on any life benefit received; do note however that there may be tax payable once the proceeds are invested outside the superannuation environment in their own name (e.g. income tax). Dependent in this instance means a spouse, child, financial dependent, or a person who is an interdependent relationship with you. In the event a TPD benefit is paid, you may choose to receive part, or all, as an income stream, in which case you may be entitled to a 15% tax offset on any taxable component received. Life and TPD policies can vary in their terms and conditions. Please refer to the product recommendations section for an overview of the features we have recommended. Risks & disadvantages The recommended TPD amount assumes that you will implement the recommended Income Protection cover, otherwise a much higher amount of TPD cover is required. You may be subject to premium loadings and/or exclusions. You may be required to undertake a number of medical assessments and procedures to have your claim approved. There is a possibility that a claim may not be successful. For further information regarding this recommendation refer to the following attachments: Holding insurance through your SMSF Statement of Advice for John & Mary Smith Page 11 of 37

15 Goal(s) this strategy meets You would like to ensure that you and your family are financially protected in the event that you suffer from serious illness Apply for Trauma Insurance We recommend that you apply for the below insurance covers and cancel your existing Trauma insurance: Implement Trauma insurance with a benefit amount of $800,000 for John. Implement Trauma insurance with a benefit amount of $542,000 for Mary. Select the Reinstatement option because if the full Trauma cover lump sum is paid out you will be offered the opportunity to reinstate your Trauma insurance 12 months after the claim is paid. Select a Stepped premium structure because it will be more affordable at the start of the policy however the cost will increase in line with your age. Select the Premium Waiver option as it waives the premiums payable on your Trauma covers if you are significantly disabled and unable to work for 6 or more consecutive months. The insurance policy should be held in your own names and paid for through your disposable income. Trauma policies can vary in their terms and conditions. Please refer to the product recommendations section for an overview of the features we have recommended. How this strategy meets your objectives Our needs analysis demonstrates that if you or your family experienced a serious health condition that resulted in unexpected medical expenses and affected your ability to work for up to 2 years, the financial consequences to your family would be severe. Implementing the recommended level of Trauma insurance would allow you to address immediate medical expenses, maintain existing living expenses, and focus on the task of rehabilitation and recovery. Health conditions that are often classified as trauma events include cancer, heart attack, and stroke among others. A full listing of the conditions that you would be insured against in the recommended policy can be found in the Product Disclosure Statement (PDS). Key benefits of this strategy include: You receive a lump sum benefit when you suffer a condition specified in your policy regardless of your ability to return to work. The lump sum benefit can be used for any purpose you choose, such as paying for medical treatment/s or reducing debts. Owning and paying for the policy in your own name means that you retain control of the policy and no tax will be payable upon payment of the benefit. Risks & disadvantages The recommended Trauma amount assumes that you have, or will take out, Income Protection cover. If you do not have any Income Protection cover a much higher amount of Trauma cover is required. Premiums are to be paid from your disposable income which reduces your overall cash flow. Some less severe conditions attract a partial payment only. For further information regarding this recommendation refer to the following attachments: Protecting you and your family Statement of Advice for John & Mary Smith Page 12 of 37

16 Goal(s) this strategy meets To ensure your income is protected in the event that you are unable to work due to temporary illness or disability. Apply for Income Protection Insurance We recommend that you implement Income Protection insurance covers and cancel your existing cover: With a benefit of $14,332 per month (based on John s annual income of $215,000 including SGC). Cover at an Agreed Value - This type of policy provides more certainty regarding Income Protection benefits as your salary is assessed at time the policy commences. Select a benefit with a Waiting Period of 30 days and a Benefit Period to Age 65 so you can receive benefits up to your presumed retirement age. Select the SuperSaver option that allows you to cover regular superannuation contributions. Select a Stepped premium structure because it will be more affordable at the start of the policy however the cost will increase in line with your age. Held in your own name and paid for through your disposable income. Income Protection policies can vary in their terms and conditions. Please refer to the product recommendations section for a more detailed explanation of the features we have recommended. How this strategy meets your objectives Our needs analysis demonstrates that if your income were interrupted due to a protracted illness or injury, the financial consequences to you and your family would be severe. With Income Protection cover, up to 75% of your income is replaced if you are unable to work due to illness or injury. So you don't have to worry about covering your existing expenses and can focus on the task of rehabilitation and recovery. You would begin receiving the monthly benefit if you were unable to return to work beyond the end of the waiting period. Your benefit would continue to be paid until one of the following events happen: You return to work The benefit period ends The policy end-date is reached. Commencement of the waiting period typically begins on the day your condition is diagnosed by a Doctor. For this reason it is crucial that you visit a medical Doctor immediately if you experience an illness or injury that affects your work capacity. Please contact our office in the first instance should there be a potential claim. Our job is to assist you in this process. Key benefits of this strategy include: Up to 75% of your income is replaced if you are unable to work due to illness or injury. Where you have a disability that partially affects your work capacity, you may be eligible to a partial disability benefit. Owning and paying for the policy in your own name means that you retain control of the policy. The premiums are generally deductible for tax purposes to the policy owner. Please speak to your Accountant should you require more information. Risks & disadvantages The premiums are paid from your post-tax income which reduces your overall disposable income. The monthly benefit received in the event of a claim is generally considered as assessable income for tax purposes. The Insurer will pay you the full monthly benefit and it is your responsibility to set aside the amount which is payable to the Australian Taxation Office. Please speak to your Accountant should you require more information. For further information regarding this recommendation refer to the following attachment: Protecting you and your family Statement of Advice for John & Mary Smith Page 13 of 37

17 Goal(s) this strategy meets Establish a Will and Power of Attorney to ensure that your Estate is distributed in the manner you wish. Establish a Will and POA We recommend that you establish a Will and Power of Attorney for each of you with a legal professional. How this strategy meets your objectives Having a current and valid Will is the only way of ensuring that your wealth is transferred to the people you would like it to go to once you pass away. Without a Will, your assets will be distributed according to a government formula that may not provide the best result for your family and loved ones. Key benefits of having a Will: You can decide now how you would like your assets and possessions to be distributed. You have peace of mind that your wishes will be carried out once you pass away You can appoint a guardian for any children under 18 years of age. You can provide your family with certainty with regards to the distribution of your Estate. An Enduring Power of Attorney is a legal document that allows a person to act on your behalf if you are unable to take care of your financial matters. An Enduring Power of Attorney is useful to have for times when you cannot manage your financial affairs yourself, such as: When you are absent for an extended period, such as travelling overseas. When you have a prolonged illness that prevents you from looking after your day-to-day finances. In the event of your mental incapacity. An Enduring Power of Attorney gives you peace of mind that your financial interests will be looked after by someone you have chosen and who you trust. Risks & disadvantages You should seek independent legal advice to ensure all your Estate planning needs are in order. This is a complex area and I am not a legal practitioner. Failure to obtain independent legal advice may result in your Estate planning not being structured in an appropriate manner. The person you grant an Enduring Power of Attorney to may act dishonestly or improperly and you may be placed at a disadvantage as a result of your attorney's actions. If you cancel or alter your Power of Attorney you will have the responsibility of informing all organisations you deal with otherwise they can continue to operate under the previous arrangement. The power that is bestowed may be limited to financial matters depending on the state you reside in. For further information regarding this recommendation refer to the following attachments: Estate Planning Statement of Advice for John & Mary Smith Page 14 of 37

18 Review Service We are committed to providing you with regular reviews and an ongoing service of professional advice and support. We have provided you with our Total Financial Care offer and Agreement (attached) that details the benefits of our ongoing service, including regular reviews. Below is a summary of our recommended review package: What s Included Unlimited Phone / Support Portfolio Snapshots Growth Moderate (Next Day) Quarterly Transaction per annum (e.g. Fund-Switches, Rebalances, Withdrawals) 3 Online access to your portfolio via client portal Active monitoring of your investment portfolio s research status Will Review Service Home Loan Review Service Annual Financial Plan Review Quarterly Education Newsletter Quarterly Wealth Webinars Half-Yearly Financial Plan Review Share-Trading: Same Day Execution Interim review in the event your circumstances change Half Yearly Seminars Share Trading: Priority / Instant Execution Exclusive Economist & Fund Manager Invitation-only Presentations $275 / month Including GST (Paid by your SMSF) Cost of Ongoing Service To ensure you keep on track with your financial position including your insurances and new superannuation fund, we would like to conduct an annual review and therefore recommend you implement our Growth Package which comes at the cost of $275 (incl. GST) per month. In your particular instance rather than charging this amount to you each individually, we have elected to waive part of the fee and cover you both under the one ongoing service subscription. Should you require any additional services outside of any agreement between you and your Advisor, an amount of up to $650 (incl. GST) per hour may be applied. Count may retain a portion of fees and commissions received from the providers of the underlying products. Where this applies all fees and commissions will be disclosed in your Statement of Advice. Acceptance of the Total Financial Care service does not waive your right to retain absolute discretion over decisions affecting your financial plan. Strategic advice and financial product implementation will only occur with your signed authorisation. However, should you not accept the review service, once the recommendations contained in this financial plan have been implemented, our service to you will be deemed completed. Either party may request an amendment or cancellation of this review agreement at any time. We look forward to providing you with services that meet all your future financial planning needs. Should you require any further advice please do not hesitate to contact any of our staff on As part of our Review service, we will address the following matters during our next Review Meeting: Financial Position Goals & Objectives Financial Position Wealth Protection Estate Planning Your Portfolio How your personal situation has changed How you are tracking towards meeting your goals / Addressing any new goals or objectives you have identified Income and expenses position / Review of your Assets and Liabilities and Investments under Advice If your debt levels have changed / Changes to your employment or income levels / Changes in marital status or dependents How current your Will and Power of Attorney arrangements are / Whether you have a disaster plan in place that your family can rely upon Your portfolio performance, asset allocation and other points relevant to your portfolio Statement of Advice for John & Mary Smith Page 15 of 37

19 Alternative Strategies Considered Below are the alternative strategies that we considered before making a final recommendation to you. From the possible strategies that we considered, we have selected the recommended strategy because it is more appropriate your financial situation, needs and goals. Retaining your current superannuation monies as-is, however this won t allow you to invest into shares as you have specifically mentioned your intention/wish to do. Self-Funding your potential insurance needs, however this was discounted due to your cashflow being insufficient at least in the short-term to adequately fund the needs of your family and dependents in the event of sudden death/injury/accident/disablement. From the available strategies that we considered, we have selected the recommended strategy because it is appropriate for your objectives, financial situation and needs and seeks to achieve the goals detailed in the Meeting Your Goals and Objectives. Statement of Advice for John & Mary Smith Page 16 of 37

20 Recommended Products This section provides you with detail about the products that we have recommended to meet your needs. Superannuation Product Recommendations Outlined below are our superannuation investment recommendations. We believe that the recommended portfolio along with our strategy recommendations will assist you to achieve your goals and needs. Please see the investment summaries attached for a description of the individual investments that we have recommended. Investment summaries have been provided within the attachments accompanying this Statement of Advice. Existing Investments Russell Investments Super Allocation Current Adjustment Proposed Australian Shares 20% $32,870 -$32,870 $0.00 Russell Conservative 20% $30,093 -$30,093 $0.00 Russell Growth 50% $81,687 -$81,687 $0.00 Socially Responsible Australian Shares 10% $16,405 -$16,405 $0.00 Total 100% $161,055 -$161,055 $0.00 Commonwealth Bank Group Super Allocation Current Adjustment Proposed Mix % $38,000 -$38,000 $0.00 Total 100% $38,000 -$38,000 $0.00 Proposed Investments Self-Managed Super Fund Allocation Current Adjustment Proposed Macquarie Cash Management Account 100% $0.00 $ 49,055 $ 49,055 Total Cash 100% $0.00 $ 49,055 $ 49,055 Macquarie Equity Lever* BHP Billiton (BHP) 17.50% $0.00 $ 50,565 $ 50,565 CSL Ltd (CSL) 20.00% $0.00 $ 57,788 $ 57,788 Oil Search (OSH) 17.50% $0.00 $ 50,565 $ 50,565 Ramsay Health Care (RHC) 20.00% $0.00 $ 57,788 $ 57,788 Sonic Healthcare (SHL) 15.00% $0.00 $ 43,341 $ 43,341 Wesfarmers (WES) 10.00% $0.00 $ 28,894 $ 28,894 Total Macquarie Equity Lever % $0.00 $ 288,940 $ 288,940 Total SMSF % $0.00 $ 337,995 $ 337,995 * The Macquarie Equity Lever portfolio value is end result of all the investment costs being deducted Macquarie Equity Lever Facility Details - Growth Plus Investment Term 5 years Interest Election Variable in arrears Interest Rate 7.55% SHL 15.00% ASSET EXPOSURE WES 10.00% BHP 17.50% Marginal Tax Rate 15% LVR % 50% Total Portfolio Value $288,940 RHC 20.00% OSH 17.50% CSL 20.00% Statement of Advice for John & Mary Smith Page 17 of 37

21 The investment amounts above are subject to change due to market fluctuation in prices. Therefore, the final balance should be invested in proportion to the percentages as shown in the portfolio projection sheets attached to this Statement of Advice. Portfolio Construction Following is an outline of how your portfolio was constructed. It explains how we selected the individual investments to construct your overall portfolio. Share Portfolio Use the rollover monies of $150,000 and borrow an additional $150,000 to invest into a share portfolio through Macquarie Equity Level. Please refer to the attached appendix for further details, i.e. Cashflow summary, dividend yields. Cash At this stage, we d recommend that you retain the monies referred to above in your SMSF s Cash Account (approximately $49,055) in Cash to cover various expenses such as insurance premiums in the SMSF. Macquarie Equity Lever - Structure of the Investment Equity Lever is a Limited Recourse structured product that allows investors to purchase certain ASX-listed securities (called the Underlying Securities) from Macquarie in two or more instalment payments. Instalment Receipts are a permitted investment for Self-Managed Superannuation Funds (SMSFs) provided the investment complies with the fund's investment strategy and is in the best interests of its members. Each time the investor purchases an Underlying Security via Equity Lever, they are acquiring an Instalment Receipt. Individual Instalment Receipt holdings of each investor are consolidated under their Equity Lever Facility for purposes of reporting and risk management. By investing in Instalment Receipts, an investor can leverage their exposure to the performance of a particular Underlying Security by paying only a portion of the Purchase Price upfront. During the term of the investment, the investor is entitled to all capital growth as well as rights and entitlements to ordinary dividends, income distributions and franking credits (subject to eligibility and own circumstances). Ordinary dividends are generally directed to reduce the Final Instalment on the Instalment Receipts. Instalment Receipts in Equity Lever are unlisted, which means that they cannot be traded on the ASX or any stock exchange. Macquarie Cash Management Account When you set-up a Self-Managed Super Fund (SMSF), you will need to open a cash account in your fund's name so that you can accept contributions and rollovers of super benefits. A Macquarie Cash Management Account is well suited for the management of SMSFs because it acts as a central source for the movement of money in and out of the multiple cash streams. Statement of Advice for John & Mary Smith Page 18 of 37

22 Asset Allocation Your recommended asset allocation is based on your risk profile. For more information on your risk profile please refer to the Your tolerance to investment risk section. Asset allocation is a term used to describe how much of your money is invested in different asset classes. Our investment research has shown that consistent long-term returns can be enhanced through a diversified portfolio that contains a selection of asset classes. Your Actual and Recommended Asset Allocation The chart and table below show the asset allocation of your portfolio once my recommendations in this Statement of Advice have been implemented. It also shows how this asset allocation compares to the benchmark allocation appropriate for your risk profile. Asset Allocation Current - John Current - Mary Proposed Weight Target Weight Target Min Target Max Variance from Target Weight Alternative - Absolute Return 3.94% 17.00% 0.00% 10.50% 0.00% 20.50% % Alternative - Real Return 0.00% 0.00% 0.00% 9.00% 4.50% 13.50% -9.00% Australian Equities 50.29% 25.00% 89.70% 43.00% 33.00% 53.00% 46.70% International Equities 20.00% 20.00% 0.00% 29.00% 19.00% 39.00% % Property & Infrastructure 6.60% 12.00% 0.00% 8.50% 4.30% 12.80% -8.50% Fixed Interest 13.88% 24.00% 0.00% 0.00% 0.00% 0.00% 0.00% Cash 5.04% 2.00% 10.30% 0.00% 0.00% 0.00% 10.30% Other 0.25% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Total % % % % 0.00% To ensure the Fund s portfolio properly reflects the investment strategy, it is important that it is closely aligned to the Fund s benchmark asset allocation. Ideally, the portfolio should be allocated and remain within 10% of the member s benchmark asset allocation in all asset classes. The recommended portfolio does not match the Fund s benchmark asset allocation within a + or 10% range in all asset classes. However you have stated a preference in particular for Shares as an investment asset, and therefore while we have attempted to create a well-diversified portfolio, as you can see in the graph above, the resulting underlying assets of this portfolio will be heavily weighted towards Australian Share and Cash and subsequently underweight in all the other asset classes. Following discussions you have stated you are comfortable and happy with this. Statement of Advice for John & Mary Smith Page 19 of 37

23 Insurance Product Recommendations To determine the best product to suit your overall personal insurance needs we researched a wide range of insurance products that could provide the required cover, as detailed in the summary of insurance requirements table below. As part of this research, we also took into consideration: Products that had the features which best suited your circumstances and needs. Generic issues such as the insurance provider s claims history, competitiveness of premiums, administration efficiency, and underwriting process. Your Existing Insurance Cover Policy Owner Life Insured Benefit Amount Premium (p.a.) Life & Total Permanent Disability Insurance Trauma Insurance Trustee of the Russell Investments Super $535,000 $ John $153,727 $ Income Protection Insurance John $4,682/mth $1, Income Protection Insurance $3,796/mth $1, Total $3, Personal Insurance Policy Recommendations Based on our research and your requirements we recommend you implement the following personal insurance through Asteron Life and cancel your existing insurances: Cover Policy Owner Life Insured Benefit Amount Premium (p.a.) Life Insurance SMSF $6,000,000 $2,761 Total Permanent Disability Insurance $2,325,000 $1,196 (outside Super) John Trauma Insurance John $800,000 $1,456 $171,894 Income Protection Insurance $2,642 ($14,324/mth) Total $8,056 Cover Policy Owner Life Insured Benefit Amount Premium (p.a.) Life Insurance Total Permanent Disability Insurance (inside Super) SMSF Mary $1,000,000 $390 $1,000,000 $693 Trauma Insurance Mary $542,000 $1,253 * Please note policy fees and stamp duty will apply upon application Total $2,335 Product Features As part of this insurance strategy and product recommendation we have selected the following policy options and features to meet your specific requirements. Further detail can be found in the insurance Product Disclosure Statements (PDS) provided with this document. The Asteron Life insurance cover we are recommending contains the following options and features which, in our opinion, are relevant to your protection requirements. Should you require more information please refer to the Asteron Life Disclosure Statements (PDS). Life Cover Features Type Stepped Premium Waiver of Premium Description Stepped Premiums start lower than a Level Premium and increase as you age. This means the earlier years of your policy are more affordable, but as it becomes more expensive as you age, the policy may be less affordable further down the track. Asteron will waive the premiums payable on your Life Cover while you are significantly disabled and unable to work for 6 consecutive months or more. Statement of Advice for John & Mary Smith Page 20 of 37

Self Managed Super Funds Take charge

Self Managed Super Funds Take charge Self Managed Super Funds Take charge Gain control of your financial future with a Self-Managed Super Fund (SMSF) About Markiewicz & Co. Markiewicz & Co. is one of Australia s leading full service investment

More information

Understanding insurance Version 5.0

Understanding insurance Version 5.0 Understanding insurance Version 5.0 This document provides some additional information to help you understand the financial planning concepts discussed in the SOA in relation to insurance. This document

More information

Understanding insurance

Understanding insurance Version 4.2 This document provides some additional information to help you understand the financial planning concepts discussed in the SOA in relation to. Important information This document has been published

More information

Personal Choice Private ewrap Super/Pension

Personal Choice Private ewrap Super/Pension Personal Choice Private ewrap Super/Pension Product Disclosure Statement PART 1 General Information I 1 July 2014 PERSONAL CHOICE PRIVATE Trustee of Personal Choice Private ewrap Super/Pension and issuer

More information

Understanding Insurance

Understanding Insurance Version 4.0 Preparation Date: 2 November 2009 This document provides some additional information to help you understand the financial planning concepts discussed in the SOA in relation to insurance. Important

More information

Your Super Guide. Product Disclosure Statement 15 December 2014 Nestlé Super Insured Accumulation category. Contents. Important Information

Your Super Guide. Product Disclosure Statement 15 December 2014 Nestlé Super Insured Accumulation category. Contents. Important Information Australia Group Superannuation Fund Your Super Guide Product Disclosure Statement 15 December 2014 Nestlé Super Insured Accumulation category Contents 1 About Nestlé Super p2 2 How super works p2 3 Benefits

More information

Zurich Wealth Protection

Zurich Wealth Protection Issue Date: 21 December 2015 Zurich Wealth Protection Product Disclosure Statement including policy conditions This PDS, prepared on 25 November 2015, is provided in two parts: Part 1 Policy information

More information

Simplifying Statements of Advice. Life Risk example SOA. 9 December 2008

Simplifying Statements of Advice. Life Risk example SOA. 9 December 2008 Simplifying Statements of Advice Life Risk example SOA 9 December 2008 Life Risk Statement of Advice for Frank and Nancy Stoop, Development of the Life Risk example SOA Financial planners, politicians,

More information

BT Protection Plans. Product Disclosure Statement and Policy Document (PDS)

BT Protection Plans. Product Disclosure Statement and Policy Document (PDS) BT Protection Plans Product Disclosure Statement and Policy Document (PDS) Dated 19 May 2014 Who s responsible for BT Protection Plans The Insurer is Westpac Life Insurance Services Limited ABN 31 003

More information

Includes Tips & Tricks that could save you substantial $$$ and help make sure your claims get paid.

Includes Tips & Tricks that could save you substantial $$$ and help make sure your claims get paid. Includes Tips & Tricks that could save you substantial $$$ and help make sure your claims get paid. WHAT IS INSURANCE? It s simply the transference of a risk from yourself to the Insurer. By paying the

More information

Westpac Protection Plans

Westpac Protection Plans Westpac Protection Plans Supplementary Product Disclosure Statement and Policy Addendum (SPDS) Dated 1 July 2014 This SPDS is dated 1 July 2014 and supplements the information contained in the Westpac

More information

Plum Superannuation Fund Plum Superannuation Fund Plum Personal Plan Preparation date: 18 December 2015

Plum Superannuation Fund Plum Superannuation Fund Plum Personal Plan Preparation date: 18 December 2015 Plum Superannuation Fund Plum Superannuation Fund Plum Personal Plan Preparation date: 18 December 2015 This update to the Plum Superannuation Fund Product Disclosure Statement is provided as a result

More information

Product Disclosure Statement

Product Disclosure Statement Product Disclosure Statement 30 September 2013 ClearView LifeSolutions is issued by ClearView Life Assurance Limited: ABN 12 000 021 581, AFS Licence No. 227682. ClearView LifeSolutions Super is issued

More information

KPMG Staff Superannuation Plan Product Disclosure Statement

KPMG Staff Superannuation Plan Product Disclosure Statement KPMG Staff Superannuation Plan Product Disclosure Statement Prepared: 27 June 2014 Things you should know: This Product Disclosure Statement ( PDS ) is a summary of significant information and contains

More information

BT Lifetime. Personal Super. Contents. 1. About BT Lifetime Personal Super 2 2. How super works 2 3.

BT Lifetime. Personal Super. Contents. 1. About BT Lifetime Personal Super 2 2. How super works 2 3. Contents BT Lifetime Personal Super Product Disclosure Statement (PDS) Dated 1 July 2014 1. About BT Lifetime Personal Super 2 2. How super works 2 3. Benefits of investing with BT Lifetime Personal Super

More information

Telstra Super Personal Plus

Telstra Super Personal Plus 01/ 17 NOVEMBER 2015 PRODUCT DISCLOSURE STATEMENT Telstra Super Personal Plus Making the most of your future Contents 01 About Telstra Super and Telstra Super Personal Plus 02 02 How super works 02 03

More information

Product Disclosure Statement

Product Disclosure Statement Product Disclosure Statement MYSUPER AUTHORISATION NUMBER 72229227691044 1 July 2014 NESS Super, the industry fund to power your financial future inside 1 About NESS Super 2 2 How super works 2 3 Benefits

More information

LifeTrack Personal Superannuation

LifeTrack Personal Superannuation This product disclosure statement has been produced for the successor fund transfer of existing members of the LifeTrack Superannuation Fund to the IOOF Portfolio Service Superannuation Fund. LifeTrack

More information

The Executive Superannuation Fund

The Executive Superannuation Fund The Executive Superannuation Fund Agenda Overview of The Executive Superannuation Fund ( the Fund ) Contributions ti and insurance benefits available to KPMG staff Investment option asset allocation Investment

More information

Financial Plan Craig Mattern 7 April, 2011 Statement of Advice Prepared by: Jenny Norman, Authorised Representative of AXA Financial Planning

Financial Plan Craig Mattern 7 April, 2011 Statement of Advice Prepared by: Jenny Norman, Authorised Representative of AXA Financial Planning Financial Plan Craig Mattern 7 April, 2011 Statement of Advice Prepared by: Jenny Norman, Authorised Representative of AXA Financial Planning 7 April, 2011 Craig Mattern Unit 1, 10 Donal Place Bentleigh

More information

ANZ OneAnswer. Investment Portfolio. Incorporated Material

ANZ OneAnswer. Investment Portfolio. Incorporated Material ANZ OneAnswer Investment Portfolio Incorporated Material 5 May 2008 How do I read this Incorporated Material? This Incorporated Material provides further information and/or specific terms and conditions

More information

Understanding gearing Version 5.0

Understanding gearing Version 5.0 Understanding gearing Version 5.0 This document provides some additional information to help you understand the financial planning concepts discussed in the SOA in relation to gearing. This document has

More information

Insurance Personal Questionnaire

Insurance Personal Questionnaire Insurance Personal Questionnaire Name of Client 1: Name of Client 2: This section is completed by your Adviser Adviser Name: Adviser Code: Interview Date: FSG Version Number Provided: Adviser Profile Number

More information

A Financial Planning Technical Guide

A Financial Planning Technical Guide Self Managed Superannuation Funds A Financial Planning Technical Guide Securitor Financial Group Limited ABN 48 009 189 495 AFSL 240687 Contents What is a self managed superannuation fund (SMSF)? 1 What

More information

protecting you and your family

protecting you and your family protecting you and your family Insurance guide Effective 1 July 2015 Issued by CSF Pty Limited ABN 30 006 169 286, AFSL 246664, Trustee of the MyLifeMyMoney Superannuation Fund ABN 50 237 896 957 mylifemyinsurance.com.au

More information

Self managed superannuation funds. A Financial Planning Technical Guide

Self managed superannuation funds. A Financial Planning Technical Guide Self managed superannuation funds A Financial Planning Technical Guide 2 Self managed superannuation funds What is a self managed 4 superannuation fund (SMSF)? What are the benefits? 4 What are the risks?

More information

PRIVATE WEALTH. Client Questionnaire and Risk Profile

PRIVATE WEALTH. Client Questionnaire and Risk Profile PRIVATE WEALTH Questionnaire and Risk Profile Important Notice to The Australian Corporations Act (2001) requires that an Adviser making personal advice recommendations must have reasonable grounds for

More information

The benefits of insuring through super. Macquarie Life

The benefits of insuring through super. Macquarie Life The benefits of insuring through super Macquarie Life While your clients are accumulating wealth, they also need to ensure adequate insurance cover is in place so they and their families are looked after

More information

Challenger Guaranteed Allocated Pension

Challenger Guaranteed Allocated Pension Challenger Guaranteed Allocated Pension Product Disclosure Statement (PDS) Dated 1 January 2015 Challenger Retirement Fund Allocated Pension (SPIN CIT0101AU) (ABN 87 883 998 803) (RSE Registration Number

More information

MLC MasterKey Super & Pension Fundamentals MLC MasterKey Super & Pension How to Guide

MLC MasterKey Super & Pension Fundamentals MLC MasterKey Super & Pension How to Guide MLC MasterKey Super & Pension Fundamentals MLC MasterKey Super & Pension How to Guide Preparation date 1 July 2015 Issued by The Trustee, MLC Nominees Pty Limited (MLC) ABN 93 002 814 959 AFSL 230702 The

More information

MLC Personal Protection Portfolio MLC Life Cover Super

MLC Personal Protection Portfolio MLC Life Cover Super MLC Personal Protection Portfolio MLC Life Cover Super Product disclosure statement This Product Disclosure Statement was prepared by: MLC Limited ABN 90 000 000 402 AFSL 230694 Issuer of MLC Personal

More information

Supplementary Product Disclosure Statement

Supplementary Product Disclosure Statement The Portfolio Service Superannuation Plan The Portfolio Service 1 July 2014 Supplementary Product Disclosure Statement Issuer: Questor Financial Services Limited ABN 33 078 662 718 AFS Licence No. 240829

More information

Make sure your SMSF is.

Make sure your SMSF is. Make sure your SMSF is. Super decisions You know first-hand that one of the biggest advantages of managing your own super is that you make the decisions. It s one of the main reasons you have an SMSF or

More information

Financial Planning 101

Financial Planning 101 Hughes Forbes Financial Services AFSL 323719 Financial Planning 101 P R E S E N T E D BY F A B I A N P O S T I G L I O N I M a y 2 0 1 2 Disclaimer 2 This material is not intended to constitute personal

More information

Insurance and estate planning. A Financial Planning Technical Guide

Insurance and estate planning. A Financial Planning Technical Guide Insurance and estate planning A Financial Planning Technical Guide 2 Insurance and estate planning Introduction 4 General insurance 4 Private health insurance 4 Personal insurance 5 Business insurance

More information

Superannuation. A Financial Planning Technical Guide

Superannuation. A Financial Planning Technical Guide Superannuation A Financial Planning Technical Guide 2 Superannuation Contents Superannuation overview 4 Superannuation contributions 4 Superannuation taxation 7 Preservation 9 Beneficiary nomination 9

More information

BT Protection Plans Supplementary Product Disclosure Statement and Policy Addendum (SPDS)

BT Protection Plans Supplementary Product Disclosure Statement and Policy Addendum (SPDS) BT Protection Plans Supplementary Product Disclosure Statement and Policy Addendum (SPDS) Dated 1 July 2014 This SPDS is dated 1 July 2014 and supplements the information contained in the BT Protection

More information

Taking control of your superannuation. Good SMSF Advice helps business owners achieve their goals.

Taking control of your superannuation. Good SMSF Advice helps business owners achieve their goals. Taking control of your superannuation Good SMSF Advice helps business owners achieve their goals. Are you in the right superannuation structure? Many Australians outsource the management of their superannuation

More information

Smart End of Financial Year Strategies

Smart End of Financial Year Strategies Level 7,34 Charles St Parramatta Parramatt NSW 2150 PO Box 103 Parramatta NSW 2124 Phone: 02 9687 1966 Fax: 02 9635 3564 Web: www.carnegie.com.au Build Guide Protect Manage Wealth Smart End of Financial

More information

AMP Eligible Rollover Fund

AMP Eligible Rollover Fund AMP Eligible Rollover Fund Fact sheet Issued 30 June 2014 Issued by AMP Superannuation Limited ABN 31 008 414 104, AFSL No. 233060, the Trustee of AMP Eligible Rollover Fund ABN 32 931 224 407. Registered

More information

A DIFFERENT KIND OF WEALTH MANAGEMENT FIRM. www.jaswealth.com.au. Superannuation 101. Everything you always wanted to know but were too afraid to ask

A DIFFERENT KIND OF WEALTH MANAGEMENT FIRM. www.jaswealth.com.au. Superannuation 101. Everything you always wanted to know but were too afraid to ask A DIFFERENT KIND OF WEALTH MANAGEMENT FIRM www.jaswealth.com.au Superannuation 101 Everything you always wanted to know but were too afraid to ask What is Superannuation? Superannuation 101 Contents What

More information

Whitehaven Equity Income Fund

Whitehaven Equity Income Fund Whitehaven Equity Income Fund ARSN: 166 733 133 Product Disclosure Statement Dated 6 January 2014 Whitehaven Private Portfolios Ltd Investment Manager and Responsible Entity ABN 64 109 808 577; AFSL 300878

More information

CommInsure Protection

CommInsure Protection CommInsure Protection Combined Product Disclosure Statement (PDS) and Policy Issue date: 11 May 2014 Product Disclosure Statement This Product Disclosure Statement (PDS) is issued by the insurer, The Colonial

More information

Zurich Wealth Protection. Product Disclosure Statement including policy conditions Issue date: 1 March 2014

Zurich Wealth Protection. Product Disclosure Statement including policy conditions Issue date: 1 March 2014 Zurich Wealth Protection Product Disclosure Statement including policy conditions Issue date: 1 March 2014 This PDS, prepared on 6 February 2014, is provided in two parts: Part 1 Policy information Part

More information

ANZ Smart Choice Super. Insurance Guide For employers and their employees

ANZ Smart Choice Super. Insurance Guide For employers and their employees ANZ Smart Choice Super Insurance Guide For employers and their employees INSURANCe GUIDE 11 NOVEMBER 2013 ANZ Smart Choice Super Entity details in this Insurance Guide Name of legal entity Registered numbers

More information

Priority Protection for Platform Investors

Priority Protection for Platform Investors Priority Protection for Platform Investors Product Disclosure Statement Version 12, Issued 8 June 2013 aia.com.au Life s better with the right partner Who issues Priority Protection for Platform Investors?

More information

A Financial Planning Technical Guide

A Financial Planning Technical Guide Insurance and Estate Planning A Financial Planning Technical Guide Securitor Financial Group Limited ABN 48 009 189 495 AFSL 240687 Contents Introduction 1 General insurance 1 Private health insurance

More information

Guide to your Nestlé Super. Defined Benefit category IBR

Guide to your Nestlé Super. Defined Benefit category IBR Australia Group Superannuation Fund Guide to your Nestlé Super Defined Benefit category IBR The information in this document forms part of the Nestlé Super Product Disclosure Statement Defined Benefit

More information

BT Super for Life. Product Disclosure Statement (PDS) Contents. Dated 1 July 2014

BT Super for Life. Product Disclosure Statement (PDS) Contents. Dated 1 July 2014 Contents BT Super for Life Product Disclosure Statement (PDS) Dated 1 July 2014 1. About BT Super for Life 2 2. How super works 2 3. Benefits of investing with BT Super for Life 3 4. Risks of super 5 5.

More information

BT Super for Life. Product Disclosure Statement (PDS) Contents. Dated: 1 July 2015

BT Super for Life. Product Disclosure Statement (PDS) Contents. Dated: 1 July 2015 Contents BT Super for Life Product Disclosure Statement (PDS) Dated: 1 July 2015 1. About BT Super for Life 2 2. How super works 2 3. Benefits of investing with 3 BT Super for Life 4. Risks of super 5

More information

State Street Global Equity Fund ARSN 162 547 784 APIR SST0050AU

State Street Global Equity Fund ARSN 162 547 784 APIR SST0050AU Product Disclosure Statement State Street Global Equity Fund ARSN 162 547 784 APIR SST0050AU Issued 6 October 2015 by State Street Global Advisors, Australia Services Limited ABN 16 108 671 441, AFSL 274900

More information

Member Product Disclosure Statement

Member Product Disclosure Statement Member Product Disclosure Statement Dated: 1 December 2012 CONTENTS About MTAA Super...2 How super works...2 Benefits of investing with MTAA Super...3 Risks of super...3 How we invest your money...4 Fees

More information

Holding insurance inside or outside super taxation issues

Holding insurance inside or outside super taxation issues Holding insurance inside or outside super taxation issues In this article, Midwinter s General Manager of Strategy and Technical Services, Matthew Esler, explores the tax opportunities that exist around

More information

SMSF insurance options and strategies

SMSF insurance options and strategies SMSF insurance options and strategies Agenda Will be looking at: Requirement to consider insurance Why hold insurance through an SMSF? Life Insurance Permanent Incapacity Temporary Incapacity. Requirement

More information

Superannuation and Residency Fact Sheet - October 2014

Superannuation and Residency Fact Sheet - October 2014 Superannuation and Residency Fact Sheet - October 2014 A change in residence has significant implications for superannuation. A number of issues arise when an individual relocates overseas whether temporarily

More information

Understanding Insurance

Understanding Insurance Understanding Insurance Preparation Date: 26 November 2007 How to read this document Managing your finances to meet your day to day requirements as well as your long-term goals can be a complex task. There

More information

BT Select Portfolio SuperWrap

BT Select Portfolio SuperWrap BT Select Portfolio SuperWrap Product Disclosure Statement BT Select Portfolio SuperWrap Personal Super Plan BT Select Portfolio SuperWrap Pension Plan Dated 11 March 2013 The distributor of BT Select

More information

How To Save For Retirement

How To Save For Retirement Booklet 1 Getting the best out of your superannuation savings MAStech Smart technical solutions made simple Contents Introduction 01 Introduction 03 Saving through super 08 How a super fund works 09 How

More information

PRODUCT DISCLOSURE STATEMENT. 02 9331 8664 admin@nowinfinity.com.au www.nowinfinity.com.au PO BOX 1409 Potts Point NSW 1335 ABN 16 154 927 376

PRODUCT DISCLOSURE STATEMENT. 02 9331 8664 admin@nowinfinity.com.au www.nowinfinity.com.au PO BOX 1409 Potts Point NSW 1335 ABN 16 154 927 376 PRODUCT DISCLOSURE STATEMENT 02 9331 8664 admin@nowinfinity.com.au www.nowinfinity.com.au PO BOX 1409 Potts Point NSW 1335 ABN 16 154 927 376 SMSF Product Disclosure Statement CONTENTS SMSF Product Disclosure

More information

SMSF Solutions for Advisers & Accountants.

SMSF Solutions for Advisers & Accountants. SMSF Solutions for Advisers & Accountants. 1 November 2015 www.multiport.com.au Multiport Pty Ltd ABN 76 097 695 988 AFS LICENCE NO: 291195 Contents Taking the hassle out of SMSF administration and compliance

More information

ANZ Super Advantage INSurANce GuIde

ANZ Super Advantage INSurANce GuIde ANZ Super Advantage Insurance Guide 27 February 2012 ANZ Super Advantage Entity details in this Insurance Guide Name of legal entity Registered numbers Abbreviated terms used throughout this Guide OnePath

More information

2015 Product Disclosure Statement

2015 Product Disclosure Statement 2015 Product Disclosure Statement Personal Division Issued 1 November 2015 Contents 1. About NSF Super 2. How super works 3. Benefits of investing with NSF Super 4. Risks of super 5. How we invest your

More information

Your insurance options with Prime Super (Prime division)

Your insurance options with Prime Super (Prime division) FACT SHEET Your insurance options with Prime Super (Prime division) Now incorporating 1 May 2014 If something were to unexpectedly go wrong, life insurance is a vital safety net to protect your loved ones.

More information

THE SMSF ESSENTIALS GUIDE. The ultimate starter guide to setting up, running and effectively using a Self Managed Superannaution Fund

THE SMSF ESSENTIALS GUIDE. The ultimate starter guide to setting up, running and effectively using a Self Managed Superannaution Fund THE SMSF ESSENTIALS GUIDE The ultimate starter guide to setting up, running and effectively using a Self Managed Superannaution Fund DISCLAIMER The purpose of this e-book is to provide information and

More information

Financial Services Guide

Financial Services Guide Financial Services Guide / 1 Commonwealth Private Financial Services Guide Date of issue: 22 June 2015 Issue 10 Commonwealth Private Limited ABN 30 125 238 039 AFSL 314018 Registered office: Ground Floor,

More information

Financial Services and Credit Guide

Financial Services and Credit Guide Issued on 27 April 2012 Helping you make the most of life Financial Services and Credit Guide RI Advice Group Pty Ltd ABN 23 001 774 125 Australian Financial Services Licence 238429 Australian Credit Licence

More information

Supplementary Product Disclosure Statement SuperWrap

Supplementary Product Disclosure Statement SuperWrap Supplementary Product Disclosure Statement SuperWrap This Supplementary Product Disclosure Statement ( SPDS ) is dated 20 November 2015 and supplements the Product Disclosure Statement ( PDS ) for SuperWrap.

More information

Your guide to a total solution Ascend self managed super

Your guide to a total solution Ascend self managed super Your guide to a total solution Ascend self managed super The big picture ISSUE 2 - SEPTEMBER 2009 Components of an SMSF If one member only If 2 to 4 members What is a self managed super fund? Member trustee

More information

WA Super Insurance Guide

WA Super Insurance Guide MY SUPER APPROVED WA Super Insurance Guide The information in this document forms part of the WA Super Product Disclosure Statement, November 2013 You should read the PDS in conjunction with this Member

More information

Suncorp Life Protect Product Disclosure Statement

Suncorp Life Protect Product Disclosure Statement Suncorp Life Protect Product Disclosure Statement Prepared on: 20 February 2015 Effective date: 30 March 2015 Important Information This is the Product Disclosure Statement (PDS) for Suncorp Life Protect.

More information

Understanding Superannuation

Understanding Superannuation Understanding Superannuation Client Fact Sheet July 2012 Superannuation is an investment vehicle designed to assist Australians save for retirement. The Federal Government encourages saving through superannuation

More information

Super Guide: A Guide to Personal Risk Insurance for SMSF Trustees

Super Guide: A Guide to Personal Risk Insurance for SMSF Trustees Integrity SMSF Education Professionalism Super Guide: A Guide to Personal Risk Insurance for SMSF Trustees Web: www.thesmsfclub.com.au Ph: 1300 760 397 Email: admin@thesmsfclub.com.au Integrity SMSF Education

More information

Additional Information Booklet

Additional Information Booklet SuperWrap Additional Information Booklet Dated 20 November 2015 This Additional Information Booklet ( Booklet ) has been prepared by the issuer of SuperWrap: BT Funds Management Limited ABN 63 002 916

More information

ADDITIONAL DESCRIPTION DATE INSURANCE GUIDE FOR EMPLOYERS AND THEIR EMPLOYEES 25 MAY 2015. Tailored Employer Plans

ADDITIONAL DESCRIPTION DATE INSURANCE GUIDE FOR EMPLOYERS AND THEIR EMPLOYEES 25 MAY 2015. Tailored Employer Plans ANZ Smart Headline Choice goes Super here ADDITIONAL DESCRIPTION DATE INSURANCE GUIDE FOR EMPLOYERS AND THEIR EMPLOYEES 25 MAY 2015 Tailored Employer Plans Legal entity referred to in this Guide Name of

More information

Sunsuper for life. Insurance guide. Learn more about your insurance Identify your insurance needs

Sunsuper for life. Insurance guide. Learn more about your insurance Identify your insurance needs Sunsuper for life Insurance guide Learn more about your insurance Identify your insurance needs Preparation date: 9 June 2015 Issue date: 1 July 2015 INSURANCE IN YOUR SUPER Contents 1 Why have insurance?

More information

Is your. potential? Right Strategy.

Is your. potential? Right Strategy. Is your SMSF working to its full potential? Right Strategy. Right Time. While managing your own super provides investment flexibility and control, the biggest challenge is ensuring the decisions you make

More information

Super Accelerator. Supplementary Product Disclosure Statement. 2 April 2015. Issuer/trustee details: netwealth Investments Limited

Super Accelerator. Supplementary Product Disclosure Statement. 2 April 2015. Issuer/trustee details: netwealth Investments Limited Super Accelerator Supplementary Product Disclosure Statement 2 April 2015 Issuer/trustee details: netwealth Investments Limited Level 8/52 Collins Street MELBOURNE VIC 3000 ABN 85 090 569 109 AFSL 230975

More information

Member Booklet: RBF Tasmanian. Accumulation Scheme. Table of contents. About the RBF Tasmanian 2. Accumulation Scheme

Member Booklet: RBF Tasmanian. Accumulation Scheme. Table of contents. About the RBF Tasmanian 2. Accumulation Scheme Member Booklet: RBF Tasmanian Accumulation Scheme Information in this booklet is current as at 1 July 2015 Table of contents About the RBF Tasmanian 2 Accumulation Scheme How super works Benefits of investing

More information

Simply Smarter Life Insurance. Budget Direct Life Insurance and Budget Direct Accidental Death Insurance Product Disclosure Statement

Simply Smarter Life Insurance. Budget Direct Life Insurance and Budget Direct Accidental Death Insurance Product Disclosure Statement Simply Smarter Life Insurance Budget Direct Life Insurance and Budget Direct Accidental Death Insurance Product Disclosure Statement Budget Direct Life Insurance and Budget Direct Accidental Death Insurance

More information

How The Margin Lending Facility Works

How The Margin Lending Facility Works product resource Margin Lending The Margin Lending facility is subject to the Terms and Conditions of the Margin Lending Facility ( Agreement ). The Agreement sets out your rights and obligations relating

More information

An SMSF guide to life insurance

An SMSF guide to life insurance An SMSF guide to life insurance Information guide for Trustees and members Issue date: June 2014 Call: 02 8205 7857 Email: insurance@sapientfinancial.com.au Contents Page 3. 4. 6. 7. 9. 12. 14. Introduction

More information

Flexible Lifetime Super

Flexible Lifetime Super Issued ₁ July ₂₀₁₅ Flexible Lifetime Super Insurance fact sheet Registered trademark of AMP Life Limited ABN 84 079 300 379. This document is a fact sheet for the product disclosure statement (PDS) dated

More information

START EXPLORING WAYS TO BETTER ORGANISE YOUR FINANCES

START EXPLORING WAYS TO BETTER ORGANISE YOUR FINANCES WAYS TO WEALTH - IN YOUR 30's & 40's START EXPLORING WAYS TO BETTER ORGANISE YOUR FINANCES Find ideas for getting your family's financial situation into better shape with strategies for dealing with debt,

More information

Sharemarket investment strategies

Sharemarket investment strategies Course 9 Sharemarket investment strategies Topic 1: Understanding the economy... 3 A top-down approach to investment analysis... 4 The Australian economy... 4 Keeping up-to-date... 5 Summary... 5 Topic

More information

Understanding Business Insurance

Understanding Business Insurance Version 4.0 Preparation Date: 2 November 2009 This document provides some additional information to help you understand the financial planning concepts discussed in the SOA in relation to business insurance.

More information

IOOF Pursuit Select. Contact us. Investment Service. IDPS Guide. Postal address. Service Operator. Telephone. Registered address. Fax. Email.

IOOF Pursuit Select. Contact us. Investment Service. IDPS Guide. Postal address. Service Operator. Telephone. Registered address. Fax. Email. Service Operator GPO Box 264 Melbourne VIC 3001 IOOF Investment Management Limited ABN 53 006 695 021 AFS Licence No. 230524 Telephone 1800 062 963 Registered address Fax Level 6, 161 Collins Street Melbourne

More information

Your best back-up tool is insurance.

Your best back-up tool is insurance. Your best back-up tool is insurance. Insurance for tradespeople Presented by ACF Planning PTY LTD ABN 70154714119 as Authorised Representative No 415700 for Australian Capital Financial Planning ABN 34

More information

1 January 20XX. Mr Homer and Mrs Marge Simpson 123 Simpson Street SPRINGFIELD VIC 3000

1 January 20XX. Mr Homer and Mrs Marge Simpson 123 Simpson Street SPRINGFIELD VIC 3000 Cloud Financial Planning Pty Ltd ABN 32 206 837 858 Authorised Representative Dover Financial Advisers Pty Ltd Australian Financial Services Licensee Geelong Office Level 1 / 2a Belle Vue Arcade Highton

More information

SMSF Financial Needs Analyser

SMSF Financial Needs Analyser SMSF Financial Needs Analyser To have a complete Statement of Advice prepared for you, you need to provide full details of your financial position to your Count adviser. If you require only restricted

More information

Smart strategies for your super

Smart strategies for your super Smart strategies for your super 2010 Make your super count Superannuation is still one of the best ways to accumulate wealth and save for your retirement. The main reason, of course, is the favourable

More information

Information Guide Booklet. Life Insurance

Information Guide Booklet. Life Insurance Information Guide Booklet Life Insurance This Information Guide booklet provides you with general information only. It will also help you to better understand any recommendations we have made for you.

More information

Building and protecting your wealth the tax effective way

Building and protecting your wealth the tax effective way Building and protecting your wealth the tax effective way Strategies guide 2014/2015 The lead up to End of Financial Year (EOFY) provides a good opportunity to review your wealth creation plans. At this

More information

Australian Equities Index Fund

Australian Equities Index Fund Contents Page 1. About netwealth 2 2. How the Fund works 2 3. Benefits of investing in the Fund 4 4. Risks of managed investment schemes 4 5. How we invest your money 5 6. Fees and costs 6 7. How managed

More information

Professional Insurance Portfolio

Professional Insurance Portfolio Product Disclosure Statement Please read this Product Disclosure Statement carefully. It contains important information about the above product. Version 9 Issued 6 June 2014 Professional Insurance Portfolio

More information

AustChoice Super general reference guide (ACH.02)

AustChoice Super general reference guide (ACH.02) AustChoice Super general reference guide (ACH.02) Issued: 28 May 2015 This guide contains important information not included in the AustChoice Super PDS. We recommend you read this entire guide. The information

More information

dependab e because life is unpredictable.

dependab e because life is unpredictable. AMP Elevate insurance Product Disclosure Statement Insurance that s dependab e because life is unpredictable. Issue Number 12, 21 May 2012 Life Insurance Life Insurance Superannuation Total and Permanent

More information

Understanding business insurance

Understanding business insurance Version 4.2 This document provides some additional information to help you understand the financial planning concepts discussed in the SOA in relation to. Important information This document has been published

More information

GUIDANCE NOTE - SMSFS & PROPERTY

GUIDANCE NOTE - SMSFS & PROPERTY GUIDANCE NOTE - SMSFS & PROPERTY GUIDANCE FOR CPA AUSTRALIA PUBLIC PRACTITIONERS FINANCIAL ADVISORY SERVICES The decision to establish a self-managed super fund (SMSF) requires careful consideration. While

More information

Lump sum benefit payment request for your superannuation or account based pension

Lump sum benefit payment request for your superannuation or account based pension Lump sum benefit payment request for your superannuation or account based pension How to claim a benefit To claim a benefit you will need to complete the attached Benefit Payment Request and send it direct

More information

Business succession insurance ownership Fact Sheet - October 2014

Business succession insurance ownership Fact Sheet - October 2014 Business succession insurance ownership Fact Sheet - October 2014 When creating a life insurance solution for clients there needs to be a recommendation of the correct amount and type of insurance cover.

More information