At Wealth Designers Advisory, we offer a comprehensive range of financial planning and wealth management services tailored to meet your unique needs. From personalized financial planning and sophisticated wealth management to expert retirement and estate planning, our dedicated team is here to help you achieve your financial goals with confidence. Trust us to provide the expertise, integrity, and personalized attention you deserve, ensuring a secure and prosperous future for you and your family.
While it is your life being insured, the benefits are not for you. In the event of your death, your financial dependents could face significant expenses. These may include a mortgage on their home, loans on investment properties, years of school fees, and funeral costs.
Involving your family in the decision-making process for your life insurance is crucial. They will be the ones relying on the benefits in the event of your passing.
When determining the amount of life cover you need, consider the following:
Life cover is ‘guaranteed renewable,’ meaning it will generally continue as long as you keep up with the payments.
Life cover will continue even if you suffer an illness or injury that would otherwise prevent you from obtaining new coverage. However, it’s important to remember that higher levels of cover come with higher premiums.
Consider the following when planning your life insurance:
For personalized recommendations on insurance that suits your circumstances and the financial needs of your dependents, contact Wealth Designers Advisory.
Trauma cover, also known as ‘critical illness’ or ‘recovery’ insurance, provides a lump sum payment if you are involved in a severe accident or diagnosed with a serious illness from which you may recover. Most insurers cover major illnesses like cancer and significant events such as strokes.
A serious illness can make it difficult or impossible for you to continue working. Trauma cover offers a financial safety net in such situations. The lump sum payment can be used for:
When deciding if you need trauma cover, consider:
Our Financial Advisers can analyze your lifestyle and circumstances to recommend the best insurance for you. We can help determine the level of cover you need by assessing your debt, living expenses, education fees, savings, and investment goals.
Your ability to earn an income is your greatest asset. Consider what you will earn over the next 10, 15, or 20 years. How does that compare to any assets you currently own?
Insurance is about managing risk. If something happens to you and you’re unable to earn an income, you may struggle to service any debts you have. In such cases, the lender can request the collateral asset against your loan—most likely your house. If you’re still living in it, this becomes a significant problem.
There are two types of income protection insurance:
By paying a premium (usually a monthly fee), the insurance company assumes the risk of you not being able to pay your living expenses. If something does happen to you, they will pay you a pre-agreed amount (usually up to 75% of your income) for a certain period of time. Income protection is suitable for anyone from any occupation, generally up to age 65 (although it can extend longer), and is particularly important for self-employed individuals or small business owners.
When choosing a policy, consider the waiting period (the delay before you start receiving payments), the benefit period (how long the payments continue), and any additional benefits offered (such as nursing care).
Designed to cover the cost of living, income protection usually pays up to 75% of your income. It’s important to review your coverage when your circumstances, including your income, change. Income protection premiums are tax-deductible, which helps reduce your tax burden.
Are you certain your family would be financially stable if you weren’t able to earn an income?
Contact Wealth Designers Advisory to find out more.
Total and Permanent Disability (TPD) insurance provides financial protection if you become totally and permanently disabled due to an incident or illness. A TPD payout can help cover costs such as mortgage repayments, education fees, and provide an income stream for a certain period of time.
Wealth Designers Advisory can recommend the right TPD policy for you, ensuring you have the appropriate coverage tailored to your needs.
Superannuation is the user-pays system for funding your retirement. It is a complex area that requires a deep understanding to maximize its potential. With frequent changes in super legislation, having an investor team that stays on top of these changes is crucial.
When fully utilized and correctly structured, superannuation can be the cornerstone of your investment, asset protection, tax, and estate planning strategies.
Superannuation is a highly desirable way to grow and retain investments due to its maximum tax rate of 15%. This low tax rate, especially when compared to individual tax rates that can be as high as 49%, allows you to keep more of your investment returns, resulting in more money for you upon retirement.
Holding personal insurances, such as life insurance and total and permanent disability insurance, through your superannuation can also be cost-effective. These insurances can be tax-deductible to the superannuation fund, allowing you to pay premiums with pre-tax earnings. This approach does not impact your household cash flow, as premiums are deducted from your existing super contributions, not your after-tax earnings.
Superannuation also offers increased asset protection and greater certainty in estate planning, making it an attractive option for many Australians.
To ensure you are fully leveraging your superannuation, speak to one of the superannuation specialists at Wealth Designers Advisory today.
Individuals can easily be caught out by tax rules, either by misinterpreting requirements or pushing boundaries without fully understanding the consequences. Such errors can lead to significant penalties, which astute advisers can foresee and prevent.
Research from the Australian Taxation Office indicates that while most people recognize the benefits of the tax system, it is not a top priority for them, leading to inaction or reliance on experts. Only 12% of people consider overall tax effectiveness among the top three considerations when making investments, highlighting a lack of understanding and the crucial role advisers play in resolving these issues.
The Priceless Value of Advisers
Advisers’ expertise extends beyond financial matters to understanding human behavior. This skill enables them to build the trusted client relationships necessary to deliver effective recommendations.
In good times, advisers help clients achieve their most important goals and celebrate their successes. However, they also provide crucial support during difficult times, offering counsel through challenges such as redundancy, relationship breakdowns, ill-health, and death.
In 2024
An increasing number of Australians are taking control of their superannuation by establishing a self-managed superannuation fund (SMSF). While this might be the right strategy for you, it is essential to seek professional advice before deciding to manage your own superannuation.
Understanding the regulated environment in which SMSFs operate can be challenging. The advisers at Wealth Designers Advisory are well-equipped to assist you through the entire process, from initial discussions about the appropriateness of an SMSF for you, to helping choose your investments, and ongoing management and maintenance.
Building a portfolio of assets can be a profitable endeavor, but it can also feel overwhelming. Wealth Designers Advisory offers guided expertise and recommendations to help you maximize your investments. We alleviate the complexity through research-backed portfolio construction, education, and setting realistic performance expectations. Our goal is to ensure your investments align with your specific goals and risk comfort levels, helping you move forward faster.
Investment management involves the professional management of various assets, such as shares, bonds, property, and other investments. It goes beyond buying and selling assets; it includes working with investors to implement short and long-term strategies to meet their individual investment goals.
Wealth Designers Advisory is here to help you navigate the complexities of building a profitable portfolio, ensuring your investments are managed effectively and aligned with your financial goals.
Your future is approaching faster than you think. Every question you have about retirement is a question about your future.
Whether your retirement is next year, in 10 years, or 20 years away, it’s important to plan ahead. Your retirement could last 30 years or more, but it doesn’t have to mean a drop in income.
We can help you make informed decisions about your assets and income sources to meet your retirement goals. With our assistance, you can retire with confidence, knowing you have enough.
It’s never too early to start planning for your retirement. The sooner you begin, the more opportunities you’ll have to accumulate wealth along the way.
Everyone’s retirement scenario is unique, which is why a face-to-face conversation with our Wealth Designers financial advisers is the best way to start planning.
It’s never too early, but don’t wait until it’s too late.
If you’re ready to take the first steps towards building wealth and securing a comfortable retirement, contact Wealth Designers Advisory.
The Good News
Retirement doesn’t have to be an all-or-nothing scenario. You can ease into retirement with a Transition to Retirement (TTR) income stream.
Leaving the workforce is a significant life change, whether you approach it eagerly or with apprehension about losing the structure and purpose of your job. Remember, however you approach this next phase of your life, you are in control.
A Transition to Retirement (TTR) income stream is a source of income received from a TTR pension. This pension is beneficial for those who wish to continue working during their retirement years but at reduced hours. The TTR pension provides additional income from accumulated superannuation funds.
A TTR income stream works by supplementing your reduced income with some of your superannuation. This allows you to work longer and retire later, maintaining your lifestyle while reducing work hours or choosing to salary sacrifice into super to save on tax. It’s like a reward for staying in the workforce.
TTR income streams are complex, and we strongly suggest discussing your options with a financial advisor. A professional can advise if a TTR pension fits with your retirement strategy and is relevant to your individual circumstances.
Starting a TTR pension involves transferring some of your super accumulation account to a super account-based pension. You must have reached your preservation age (between 56 and 60) to start a TTR pension. Unlike an account-based pension, reaching preservation age is the only requirement, allowing you to access your super before meeting other conditions of release.
If you are younger than 65, you can draw down a pension income of between 4% and 10% of the pension account balance each financial year to supplement your employment income. Lump sum withdrawals are not permitted.
You can keep your accumulation super account to receive ongoing employer super contributions and any voluntary contributions you make. Because you are still earning an income, you won’t need to draw as much from your super, allowing it to continue growing. Your TTR pension can be rolled back into your super accumulation account at any time.
Most super funds offer a pension option. If your fund doesn’t, you can open a pension account with a different super fund. To get the best option for your specific circumstances, it is highly advisable to speak to a trusted financial adviser.
There are tax advantages with TTR pensions. Once you reach age 60, the income from a TTR pension is tax-free. Although recent government changes have reduced some tax benefits associated with TTR pensions, they still play a valuable role in retirement planning. Starting 1 July 2017, investment returns on TTR pension accounts are taxed up to 15%, similar to super accumulation accounts. However, the tax on pension income remains unchanged. If you are over 60, pension payments are tax-free, and there is a tax deduction for those under 60.
Commencing a TTR income can be an effective strategy to boost your super in pre-retirement years. A TTR income gives you the flexibility to increase your concessional contributions to super by supplementing your income.
With the support of a trusted financial adviser, you can choose the pace of your retirement. A TTR income stream offers more work-life balance as you plan for the years ahead.
From retirement planning advice boosting your savings account to purchasing a property, give your financial future the best chance of success when you seek financial advice from Wealth Designers Advisory.
Everyone aspires to make great financial decisions, but the breadth of options to build wealth can make people feel uncertain that they have the right strategy. What’s more, big financial decisions – like buying an investment property or making additional contributions toward your retirement – impact all other elements of your wealth such as savings patterns, your ability to clear debt etc.
This intertwining results in people making poor decisions based on guesswork, or feeling paralysed and unable to execute on the financial plays which ensure more progress. Strategic financial advice from a qualified and experienced financial advisor can help you cut through this noise and settle on the optimal decisions which achieve the specific outcomes you’re seeking.
Wealth Designers Advisory takes a personal approach to our strategic financial advice. We take the time to understand exactly what you want to achieve and work with you to achieve your desired results. We break down your big goals into a clear and easy plan so that you can make great progress and get to exactly where you want to be without unnecessary stress.
We want to see our clients succeed, which is why we monitor your progress and regularly review your financial plan to ensure you’re on the right track. We’re here if you have questions or run into any issues.
Whether you want to build an investment portfolio that protects your retirement or learn strategies for better cash flow management, the team at Wealth Designers Advisory can help. Contact us today to learn more about our strategic financial advice.
Financial advice can be accessed at any age or life stage, making it one of the most helpful and practical services around. Wealth Designers Advisory has helped many clients of all financial backgrounds achieve their goals. Here’s how strategic financial advice can benefit you:
To get your finances on the right track, you need something to work toward. A financial advisor can help you uncover the financial goals you want to achieve and provide you with the resources and skills to ensure you reach them.
It’s never too early to get serious about retirement, and with the help of an experienced financial advisor, you can take actionable steps to safeguard your retirement fund. Whether you’re looking to set up an SMSF or make additional contributions to your super fund, Wealth Designers Advisory can help.
If you are time-poor but want to do right by your finances, a financial advisor can draft a plan tailored to your goals and manage your progress. This saves you time from doing it yourself and ensures your strategies are signed off by the experts.
Share trading and other investment strategies have the potential to deliver fantastic returns, but knowing how to maximise your profits can be tricky. A financial advisor can create an investment plan to help you build long-term wealth.
Understanding your tax obligations can take time and effort. We can help you navigate through your tax responsibilities and minimise your expenses.
Reducing your tax bill each year can enormously impact your long-term wealth. The team at Wealth Designers advisory have a strong understanding of the tax strategies available which will ensure you keep as much of your hard-earned dollars as possible. Discover our tax minimisation strategies today.
If you know how to use the rules to your advantage, you can reduce your tax liability and keep more of your hard-earned money. We maximise tax-efficiency in every strategy and work alongside your Accountant so that you can get ahead, sooner.
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Wealth Designers Advisory provides comprehensive financial planning services, including retirement planning, investment management, tax planning, estate planning, risk management and Private Wealth offering for our HNW clients with investable assets of 3 million+. Our goal is to help clients achieve their financial objectives through personalized smart financial planning strategies.
Our clients range from individuals and families to business owners and professionals. We cater to anyone seeking expert guidance in managing their finances and planning for the future.
To get started, you can schedule an initial consultation with one of our advisors. During this 45 min no pressure consultation meeting, we will discuss your financial goals, current situation, and how we can assist you in achieving your objectives. This can be done via ZOOM-TEAMS or at our Office. The is no cost to you at the initial meeting or obligation to proceed with our services.
We take a holistic approach to financial planning, considering all aspects of your financial life. Our process involves understanding your goals, analysing your current financial situation, developing a tailored plan, and providing ongoing support to ensure you stay on track.
Planning for the future isn’t easy and it can be hard to know where to start. That’s why we offer a first consultation at absolutely no charge.
Our payment plans consist of three stages.
We pride ourselves on our personalized approach, experienced team, and commitment to our clients’ success. Our advisors are dedicated to building long-term relationships and providing
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