Financial Planning

Financial planning can help you plan and manage your current and future wealth. Isn’t it time to be proactive and start a financial strategy in your life which can give you an advantage. At Complete Business & Accounting Services we have developed relationships with experts or alliance partners who can advise in these areas.

Our financial Advisor and expert is Shane Case from Synergy Private Wealth.

At the heart of Synergy Private Wealth is their passion to provide personalised, successful, long term strategic financial planning to our clients.
Synergy Private Wealth is an authorised representative of Fitzpatricks Private Wealth Pty Ltd, and can provide advice to and apply on your behalf for the issue, variation or disposal of the following kinds of financial products:

  • Life insurance
  • Superannuation
  • Securities
  • Managed investment schemes
  • Investor directed portfolio services
  • Managed discretionary account services
  • Retirement savings accounts
  • Derivatives
  • Deposit and payment products
  • Government debentures, stocks or bonds
  • Standard Margin Lending*.

Creating and managing your wealth

When we work with you, we take into account ‘the whole picture’ and look for ways that we can improve your financial arrangements to help create, protect and grow your wealth. This approach applies to how we work with individuals as well as for businesses.

Where we have partnered with external providers for specialist services such as personal insurance, mortgage broking, property investment, audit and legal services, we have selected a range of providers whose core values and service standards align with our own.

We co-ordinate these services on your behalf and explain any recommendations to you in language that is easy to understand. This ensures that you have full information and can be confident about the manner in which your financial situation is arranged.

Wealth creation involves the building of assets by means of careful investment into asset based investments, usually over a long period of time so as to achieve an income stream that will ensure a continuation of a high quality lifestyle in the years beyond retirement.

Our goal is to partner with our clients to become their trusted adviser, to give them the confidence to live their lives to the fullest without worrying about money knowing their financial house is in order.

To achieve this, we have a number of services available to make sure our clients achieve their financial goals.

Retirement Planning

If you are about to retire or already retired, we can help you arrange your finances to ensure you build a retirement income which is reliable and tax effective… and which should last for your lifetime or longer.

We can show you how to pay little or no tax on your lump sum; and if you own a business or farm we can show you how to reduce or even eliminate tax on its sale.

In addition, we can help you arrange your finances, so you maximise Centrelink benefits if that is appropriate for you.

Superannuation Planning

We will review all of your superannuation arrangements to check if they will ultimately satisfy your retirement goals. In particular, we will assess the following:

  • Are on track to retire with enough money to fund your desired lifestyle – for your entire retirement?
  • Is your superannuation fund performing to expectations?
  • Is the asset allocation appropriate?
  • Are you employing the right fund managers?
  • Are you contributing enough to super this year?
  • Are you taking full advantage of the new rules for super?
  • Should you make contributions for your spouse if they are not employed?
  • Are there other tax effective strategies you should be using?
    We can also advise you on all aspects of Self-Managed Superannuation if that is appropriate for you.

Investment Planning

If you have a lump sum to invest or you wish to invest regular savings or superannuation contributions, we can advise you on asset allocation, investment strategies and security selection.

We can advise you on direct and managed investments in Australia, and managed funds overseas, to help you generate competitive returns with less risk… and in so doing help you achieve your financial goals.

Redundancy Planning

We can help you invest your payout to meet your short-term needs, as well as for providing for your eventual retirement. We can also develop investment strategies to help you qualify for Centrelink benefits (if this is appropriate for you) and to minimise tax on your payout and your income.

Wealth Planning

We can help you develop investment strategies to build wealth prudently and tax effectively to help you become financially independent… and to provide a more financially secure retirement.

In addition, we can assist you in creating financial efficiencies with your mortgage, as well as protecting your financial position with the help of personal insurances.

Estate Planning

We can advise you on how to arrange your financial affairs to ensure there is an efficient and tax effective distribution of your estate after your death. We can help you to properly fund your estate and show you strategies which can save tax for your beneficiaries and minimise the chance of your Will being challenged. We can also advise you on how to protect your estate from being eroded by your beneficiaries being subject to litigation, bankruptcy or divorce.

Protecting your financial position with the help of risk insurance is an essential strategy for most people. Risk insurance can provide financial assistance in the event of you or your spouse suffering serious illness or injury, or death. Personal risk insurances to consider include:

  • Life insurance – pays a lump sum on the death of the insured.
  • Income protection insurance – replaces your income if you are unable to work due to sickness or injury. It provides a monthly payment of usually up to 75% of your pre-tax income.
    You can generally choose the waiting period (this is how long you must be unable to work before the insurance begins to pay you) and the benefit period (how long the policy will pay you if you are unable to work).
  • Trauma insurance – pays you a lump sum on the diagnosis of a specified non-pre-existing illness or injury, generally including heart attack, stroke, cancer, and paraplegia. This can be taken as a standalone policy, or attached to a life insurance policy.
    This insurance was created when it was realised that medical advances were resulting in patients increasingly surviving major health problems, but that the financial cost of survival was prohibitively high for patients (e.g. medical costs, medicine, time off work, rehabilitation etc). In other words, patients didn’t lose their lives… they lost their life savings instead.

We have access, through our close relationship with Australian Unity, to the home & commercial loans offered by more than 20 banks and other leading lenders. This means we can find the right loan for you. In addition, we’ll help you complete all the paperwork and assist you in assembling the documentation required by the lenders.

Home Loans

Paying off your home loan sooner starts with having the right home loan. We’ll research the banks and other reputable lenders on your behalf to ensure you have a competitive interest rate with reasonable lender fees, and ensure you are not paying (in the form of higher interest rates) for ‘bells & whistles’ you’ll never use.

We can also advise you on other strategies which can help you to save a lot of money by accelerating the reduction of your debt.

Commercial Loans & Leases

We can assist you with all business loans at highly competitive rates from banks and other reputable lenders. These loans include:

Business loans for:

  • New business investments
  • Working capital
  • Existing loans restructuring
  • Business expansion
  • Acquisitions
  • Purchase of equipment
  • Purchase of motor vehicles
  • Equipment finance & leasing
  • Motor vehicle leasing
  • Debtor finance
  • Commercial property finance
  • Property development

The key objective of a company superannuation fund is to maximise the retirement benefits for your employees.
We can review your existing fund to check it is performing adequately in all critical areas:

  • Investment returns
  • Risk profile
  • Fees
  • Reporting
  • Choice of asset allocations
  • Member education.

If required, we can assist you in moving your employees to a more appropriate fund. We can also provide alternative fund options for those employees who wish to exercise the choice legislation, including the establishment of self-managed super funds for your key employees.

Business estate planning is the process of arranging your business affairs now to ensure there is no unnecessary deterioration or loss of continuity in your business should it lose you or one of the other owners or other key people through illness, injury or death.
It should also give the continuing owners the right to buy the interests of the deceased or disabled owner and ensure that the departing owner or their estate will be fairly compensated for giving up their rights to the business. In this way, a business estate plan provides all owners and their spouses and families with legal certainty should the unforeseen occur.
Your business estate plan is also concerned with ensuring your business has the financial resources to fund the plan.
We can help you create an estate plan which will ensure you and your business will be financially cared for should the unexpected happen.

When it comes to business estate planning, the two big questions you need to ask yourself are:

‘Would your business be able to buy a departing owner’s share of the business if they died or suffered a serious illness or injury?’ And:

‘Would your business be able to cover the loss of revenue and goodwill, and re-pay the debts of the business, if an owner or other key person died or suffered a serious illness or injury?’

If your answer is no to one or both of these questions, you need to consider transferring that financial risk to life insurance companies. They have a range of insurances which can help you fund your business estate plan and give you enormous peace of mind – all for a fraction of the sum insured each year.
Business insurances worth considering include:

  • Buy/Sell insurance – pays your business a lump sum if you or one of your partners dies or suffers a serious illness or injury.
  • Key person insurance – Pays your business a sum of money to offset the estimated financial loss to the business should an owner or other key person die or suffer a serious illness or injury.
  • Business expenses insurance – pays some of your business’ expenses if you are unable to work due to illness or injury. Expenses are generally covered for up to 12 months and typically include rent, loan repayments, leasing costs, and utility costs.

Our job is to research the major, reputable insurance companies to find the insurances which provide your business with the right level of protection, including the definitions, clauses and exclusions which best suit you and your business. Of those insurances which meet your needs, we obtain quotes to ensure we recommend the most cost-effective products for your business.

Contact Us Today!

Authorised representative (1240798) of Fitzpatricks Private Wealth Pty Ltd ABN 33 093 667 595 AFSL 247429