Disclaimer re Calculator PDFs

Transcription

1 Disclaimer re Calculator PDFs These file notes must NOT be provided to clients under any circumstances. These files notes have been prepared by the Financial Adviser for the sole purpose of producing file notes as an internal record of their discussion with their client. It is general information only and does not constitute financial advice and does not take the place of professional advice provided by the Financial Adviser as an Australian Financial Services Licensee. To the maximum extent permitted by law, Astute Wealth Advice Pty Ltd will not be liable in any way for any loss or damage suffered by the Financial Adviser and/ or its client through the incorrect use of this information.

2 FACTSHEET Personal Details Client Partner Name Bob Betty Age Number of Children 3 Age of Child 1 12 Age of Child 2 8 Age of Child 3 3 Assets & Liabilities Lifestyle Properties Investment Properties Shares & Managed Funds Cash Other Assets Superannuation Balance - Bob Assets Liabilities $1,, Home Mortgage $, Investment Loans (Mortgage) $, Margin Loan $5, Personal Loans $ Credit Cards $19, Other Debt $5, $, $1, $3, $2, $ Superannuation Balance - Betty $11, Total Liabilities $1,5, Total Assets $2,1, Income & Expenses Client Partner Employment Status Base Salary Full-Time $, Part-Time $, - Salary Package Items $2, - SG Contributions $, - Salary Sacrifice Contributions $ $ $, $ Bonus Net rental & investment income $5, $-, $ $ Total $229, $, Full-time expected salary $8,

3 Life Cover Initial Expenses Initial Expenses Debt Bob dies Betty dies Amount Bobdies Bettydies Would you like to cover your final expenses? Final Expenses 2, 2, Home Mortgage 5, Would you like to reduce / remove your debts? Would you like to leave any bequests? Bequests Estate Equalisation 5, Terminally Ill 3, 2, 3, Investment Loans (Mortgage), Margin Loan 1, Personal Loans 3, Would you like to have funds to equalise your estate? Credit Cards 2, Would you like to have additional funds if terminally ill? Other Debt Children's Education Cashflow Expenses Would you like to provide for your children's education? Both Education Costs School Fee Child 1 Child 2 Child 3 Pre School / Child Care, 2 Primary School 3, 7 Would you like to provide funds to meet lifestyle expectations? High School 8, University 12, Home help Domestic Assistance Both Lifestyle Expenses Preretirement Retirement Age 5 Lifestyle Expenses Postretirement Assumptions Investment Returns 7% Inflation 3% Education Indexation 7%, 5, Employment Capacity Lifestyle Expenses Bob survives Betty survives When would you look return to work? (years) 1 At what employment capacity? 1% Will your employment arrangements change in the future When will this change At what employment capacity? 1% Home Help Domestic Assistance Amount required Start year Years required 9 % Bob survives 3, 1, 9 9 Betty survives,

4 Permanent Disablement Initial Expenses Would you like to cover your medical costs? Initial Expenses Bob TPD Betty TPD Medical Expenses 125, 125, Debt Amount TPD TPD Home Mortgage 5, Would you like to reduce / remove your debts? Renovations 5, 5, Investment Loans (Mortgage), Would you like to renovate your home or move? Margin Loan 1, Personal Loans 3, Credit Cards 2, Cashflow Expenses Other Debt Would you like to provide for your children's education Both Children's Education Would you like to provide funds to meet lifestyle expectations? Education Costs School Fee Child 1 Child 2 Child 3 Pre School / Child Care, 2 Home help Primary School 3, 7 Domestic Assistance Both High School 8, University 12, Employment Capacity Lifestyle Expenses Bob in good health Betty in good health When would you look return to work? (years) 1 Never At what employment capacity? 1% % Will your employment arrangements change in the future Home Help Domestic Assistance Amount required Start year Years required Bob in good health 25, Betty in good health,

5 Temporary Disablement In the event of E:/Inetpub/wwwroot/w3ken5/CMSPages/temporary disablement would you want funds to: Salary Items to include Bob Betty Insure your cashflow to meet lifestyle & medical exp Base Salary, Salary Package Items 2,, Bonus 5, SG Contributions,, Total income to insure,, Temporary Disablement - Income protection options % of gross salary 75% waiting period 1 Month benefit period Age 5 75% 1 Month Age 5 Annual benefit amount 123,75 9,5 Tax payable 33,735 7,35 Net Income 9,1 1,8 Total payments over life of the policy 1,72, ,95 Total payments over life of the policy (indexed) 2,253, 1,8,1

6 Critical illness In the event of critical illness would you want funds to: Assist in medical costs & rehabilitation Bob Betty Assist in medical costs & rehabilitation 125, 125, Reduce or remove debt 5, 5, Reduce or remove debt Take a voluntary period off work to recover Lifestyle Expenses 8, 8, Educations Costs 2, 2, Holiday 3, 3, Other

7 File te Summary Discussion Points File te Summary Life Cover Bob Betty Bob Betty Life 1,531, 7,29 Initial Expenses 1, 7, Ownership Super Super Premiums Stepped Stepped Permanent Disablement Occupation Any Any Ownership Super Super Premiums Stepped Stepped Temporary Disablement Debt - Insured 1,5, 1,5, Debt - Uninsured Lifestyle Expenses- Pre-retirement 718,57 9, Lifestyle Expenses- Post-retirement 38,17 235,29 Education Expenses 395, 395, Less Saleable Assets 8, 8, Less Superannuation 3, 3, Policy Option Compre Compre Ownership Self Self Premiums Stepped Stepped Policy Type Agreed V Agreed V Accident & illness Policy Type Compre Compre Premiums Stepped Stepped Permanent Disablement 582,5 9,81 Initial Expenses 175, 175, Debt - Insured 1,5, 1,5, Debt - Uninsured Lifestyle Expenses- Pre-retirement 1,112,85 85, Lifestyle Expenses- Post-retirement 12,57 235,29 Education Expenses 395, 395, Less Value of Income Protection Policy? 1,3,2 8,59 Less Saleable Assets 8, 8, Less Superannuation 3, 3, Temporary Disablement (p.a.) 123,75 9,5 Waiting Period 1 Month 1 Month Benefit Period Age 5 Age 5 Accident & Illness 39, 39, Medical Costs 125, 125, Reduce or Remove Debt 5, 5, Voluntary Recovery 13, 13,

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