Our Services

When designing your financial plan, we aim to build a personal, trusting relationship and provide you with peace of mind that your financial strategy is on track. We offer a broad range of services designed to work together to meet your financial needs.


Thanks to our high standard of living and medical advances, Australians are living longer than ever before. A male retiring at age 60 will likely spend around 22 years in retirement and a female 26 years*. While this is good news, being able to enjoy such a lengthy retirement may cost more than you think.

According to the Association of Superannuation Funds of Australia (ASFA), an individual seeking a comfortable lifestyle needs a yearly income of $40,297 (after tax) ^. That requires savings of $533,088 at retirement to provide this level of income for the next 20 years +.

Planning Ahead

When we draw up a plan, we conduct in-depth analysis to learn about you and understand your current situation and goals so we can present you with the most appropriate options to suit you in retirement.

We can discuss your ideal retirement lifestyle and when you'd like to stop working. We can also help you work out how much income you might need in retirement and gain an understanding of the types of investments and risks you are comfortable with.

Whether you are approaching retirement or still a few years away, it's important that you understand all of the options available to suit you and your ideal retirement such as:

  • transition to retirement strategies
  • boosting your super
  • allocated pension
  • personal insurance requirements
  • tax-effective strategies
  • annuities
  • estate planning

Start Planning Now

A Globe BD Financial Planning Pty Ltd financial adviser can help you make sure you are as ready as you can be so you are able to look forward to your retirement.

Contact us today and find out how we can help you plan a successful retirement.

Basics of Retirement

Retirement is a milestone marking the start of a new phase in your life. If you're well-prepared, you can look forward to freedom from a set routine and the opportunity to enjoy many things you haven't had time to do while working.

Your quality of life and financial security after work will depend on you having an adequate retirement income. The decisions you make now about how you will invest your superannuation and any other savings once you retire are of critical importance. Whether you intend to move into full retirement straight away, or scale down to part-time work first, there are many issues to consider before you make any changes.

Planning Ahead

In the lead-up to your retirement, information and advice are crucial in helping you assess your situation, identify your retirement goals, and develop a practical, achievable plan. This is where Globe BD Financial Planning Pty Ltd can help.

Superannuation is highly favourable for retirees, who may want to consider making the most of the tax concessions and flexible rules that are now available. For example, under the transition to retirement legislation, once you reach age 55 to 60 (depending on your year of birth) you can access some of your super money through a pre-retirement pension while you continue to work full time or scale down to part-time employment.

What you need to consider

When planning your retirement, areas to think about include:

  • When you want to, or are likely to, retire
  • Whether you want to retire completely or scale down to part-time work How much super you have
  • How much income you will need
  • How long your money will last based on your life expectancy
  • What you want to do and achieve in retirement.

A regular income and big tax advantages

When you retire, it's important to know that you have a reliable, regular income. The most popular and tax-effective way to arrange a regular income stream is through an allocated pension or annuity. This is because:

  • If you're 60 or over, lump sum or pension income payments are completely tax-free*
  • If you're over 55 and under 60, you will receive a 15% tax offset on pension income payments received as part of a transition to retirement strategy*
  • Earnings in the fund are tax-free.*

*applies to taxed funds only, ie. does not apply to untaxed funds such as the Commonwealth Super Scheme.

Control and Flexibility

With an allocated pension or annuity, you can choose how much you want to receive as your regular income, provided you draw at least a set minimum (based on the value of your account balance). You can also withdraw lump sums at any time if you need to, but you can't make additional contributions to your pension once it is set up.

If you choose to invest your money outside super, there is a wide range of investment options to choose from. A professional financial adviser can help you create a diversified portfolio designed to deliver the returns you need to achieve your goals. The income you receive is a combination of capital growth and earnings.

Centrelink Benefits

For the majority of people, the Age Pension is considerably less money than they are used to living on. The amount of Age Pension you receive will depend on whether you are single or have a partner and your income and assets.

You may qualify for the Age Pension based on each of these criteria:

  • Your age, depending on when you were born
  • Meet certain residence requirements
  • Have income and assets below a certain amount.

A Globe BD Financial Planning Pty Ltd adviser can help you calculate how much Age Pension you will be entitled to receive given your particular circumstances.

Putting your affairs in order

A comprehensive retirement plan should include a review of your will and the details of how you'd like your estate to be distributed after your death. The right advice from a solicitor can avoid many common pitfalls that occur in family or business situations. It's also important to seek advice on the tax implications of how your estate will be distributed, to make sure your beneficiaries receive all that you would like them to. We can refer you to appropriate legal and taxation professionals.

Case studies

You can use a variety of investment strategies to help achieve your retirement goals. The following case study provides an example.

How the right advice can help

Case study: Making the transition to retirement

Judy is 55 years old and is currently working full time with no plans to change her employment arrangements. She wants to retire at 65. She has an annual salary of $50,000 and $300,000 in super. Assuming her 9.25% employer super contributions continue until she reaches 65, she'll have around $493,930 in super by the time she retires, which will give her a minimum income of $24,700 pa in retirement.

After speaking to her financial adviser, Judy decides to implement a strategy that could significantly boost her retirement savings while having little impact on her day-to-day budget. She uses her $300,000 super balance to start a pre-retirement pension, drawing down the minimum payment allowed which is $12,000 a year. This gives Judy more income than she needs, so she arranges with her employer to make additional contributions to her super from her pre-tax salary under a salary sacrifice arrangement. Her adviser works out exactly how much she needs to contribute to super through salary sacrifice so that her after-tax income is unchanged.

Even though Judy is still receiving the same amount of after-tax income as before, by implementing this transition to retirement strategy, she is able to increase her super balance rather than reducing it, helping her build valuable additional retirement savings.

By using this strategy, Judy could end up with approximately $45,000 extra in her super fund by the time she turns 65. These extra funds could increase her minimum retirement income to around $26,940 pa.


Investing can build enough wealth to provide financial security and a comfortable lifestyle but it can be complex and there are many options to choose from, so it is important that you have the right professional advice.

Your Financial Plan

It's often said that you can't meet you goals without a plan and your finances are no different. Formulating a financial plan with your financial adviser can provide you with direction and a disciplined approach.

What do you want to achieve and by when?

Many people find it easier to identify goals of up to five years time such as buying a bigger home, acquiring an investment property or saving for your children's education. Long-term goals of more than five years may be less precise but should be reviewed regularly to respond to changing markets, government legislation and your own personal situation.

What financial plan suits you?

When we meet to find out more about your goals and lifestage, we'll establish your risk profile. We'll look at your present financial position, including your total assets and debts. We'll also consider your career plans - in particular, how long you wish to work full-time - so we can estimate your future income and savings potential. We will suggest different strategies and investments that meet your needs. For example, superannuation may suit someone wishing to minimise their long-term tax liability, but if you are seeking high growth over a long period and are comfortable taking on more risk, you might consider a geared investment. We will also look at how you can use insurance to help protect your loved ones and your way of life in case of unexpected events.

Start Planning Now

A Globe BD Financial Planning Pty Ltd financial adviser can help you make sure you are as ready as you can be so you are able to look forward to your retirement.

Contact us today and find out how we can help you plan a successful retirement.

Basics of investing

Have you ever wondered what the difference is between saving and investing?

  • Saving is setting money aside in cash accounts (generally bank savings or cash management accounts) for immediate expenses, emergencies and short-term plans. The money earns interest, which is added to your assessable income and taxed at your marginal rate.
  • Investing is putting money into assets to grow in value, deliver returns and build long-term wealth and security. There is a wide range of investments to choose from, each with different features and benefits. Your age and stage of life will affect the investments you choose.

In other words, saving is for now, investing is for the future. Both are necessary for effective financial management.

If you're unsure how much of your income you have available to save, it can be a good idea to plan a budget. This will tell you how much you spend each week or month, and how much you have left over to save or invest. Our handy budget planner can help you get your finances in shape.

How to Choose Investments

It's easy to choose a savings account, but far more complex to decide on your long-term investment strategy.

You will need to be clear on the differences between the four major asset classes - cash, bonds, property and shares - and between fund managers. You will also need to understand the various risks and returns involved in investing and work out what level of risk you are comfortable with.

Risk and return

All investments aim to provide a certain level of return and are subject to certain risks. So when it comes to investing, as well as making money there's a chance you could lose it. Apart from losing money, you can also think of risk as the possibility that your investments don't achieve sufficient returns for you to meet your financial objectives.

One way to manage investment risk is to ensure you hold the investment for an appropriate length of time, generally five to seven years for share investments, to ride out any short-term fluctuations in value.

As a general rule, the bigger the potential investment return, the higher the investment risk, and the longer the suggested investment time frame.

Setting goals

When making plans for the future you need to know what you want to achieve and by when. To get to this point, it's a good idea to seek professional help. A qualified financial adviser can explain the various options available and provide advice on the most appropriate direction for you.

At Globe BD Financial Planning Pty Ltd we can help you set goals, establish your priorities and develop an investment strategy suited to your circumstances. We'll help you build wealth, achieve your objectives and create a more secure financial future.

The sooner the better

The sooner you put your money to work, the more time it has to grow. Regular investing is the key to stable growth. Even if you start with a modest amount, as long as you keep investing regularly you'll move steadily to where you want to be.

Regular investing helps smooth out market ups and downs

Another advantage of regular investing is that you don't need to worry about the question 'When is a good time to invest?' If you use a savings plan or regular investment plan option in a managed fund and invest the same amount every month, you're automatically adopting the investment strategy known as 'dollar cost averaging'. This means that whether financial markets are up or down, you invest the same amount of money every month. As a result, you automatically get more units for your money when prices are down and fewer units when prices are high.

This is what all wise investors are trying to achieve: to buy more when prices are low and avoid jumping in heavily when markets are running high. But so many people get distracted by the hype surrounding the markets they lose sight of this simple principle. They get nervous when prices are low and avoid investing. Or they get carried away when prices are rising and buy in heavily at market peaks. Using a regular savings plan can help you avoid these traps.

Over time, regular investing can smooth out the inevitable market ups and downs, and can also reduce the average cost of the units you've purchased, giving the potential for a higher overall return.

What the right strategy can achieve

There are a number of investment strategies that can help you achieve your goals. The following case studies provide just two examples.

Case study 1: Funding a child's education

Dean and Jenny are in their 30s and have a four-month-old baby, Alice. To ensure they'll be able to afford Alice's education, Dean and Jenny decide to start a dedicated savings plan. They estimate that by the time Alice is 11 they will need to have saved $84,000 (in today's dollars) to meet her annual private high school fees of around $14,000 for six years.

Dean and Jenny choose a managed fund with a regular savings plan option. They kick off their savings with a lump sum of $5,000 and decide to invest a further $460 every month. Based on projected earnings of 7.7% pa and taking inflation of 3.0% pa into consideration, this means they should accumulate around $86,000 in 11 years.

If Dean and Jenny keep the savings plan going for the entire 11 years, they will be well placed to fund Alice's private high school education when the time comes.

By maintaining the discipline of making monthly investments without touching these savings, Dean and Jenny will reap a great reward from compounding interest. This occurs when you leave the interest you earn in the account, so that you begin earning interest on your interest. The effect may be small at first, but if you leave the interest to accumulate in the account it can gradually snowball over time and significantly boost your savings.


  1. The estimated balance required and estimated school fees are in today's dollars.
  2. The projected earnings of 7.7% are after fees and before taxes have been taken into account. No allowance has been made for taxation, including capital gains tax on investment earnings. Please remember fees and taxes have an impact on long-term returns.

Case Study 2: Borrowing to invest (gearing)

Sarah wants to save for a deposit on her first home. She already has savings of $40,000 and decides to take out a margin loan of a further $40,000. With double the money to invest, she has the potential to earn a greater return than if she just invested her own money. However, Sarah understands that borrowing to invest (a strategy known as gearing) also means she has the potential to lose a lot more - and if her chosen investments don't perform well, she will have to repay the loan regardless.

Sarah chooses to invest her money in a managed fund. As you can see in the table below, based on an annual return of 9%, at the end of seven years her investment would be worth around $71,500. If she'd not borrowed any funds, she'd have around $64,500 using the same investments.

Strategy 1: Savings only ($) Strategy 2: Savings and loan ($)
Sarah's savings 40,000 40,000
Loan amount 0 40,000
Total Invested start Year 1 40,000 80,000
Investment balance end Year 7 64,547 111,610
Less balance of loan to be repaid 0 40,000
Net investment balance 64,547 71,610


For many working Australians, superannuation can be an effective way to secure their financial future in retirement. It's important to regularly review your superannuation fund and level of contributions to ensure your fund is on track to help you reach your retirement goals. The more extensive your goals, the more super you're likely to need to provide sufficient retirement income, so it's important to know what opportunities you should be taking advantage of.

Maximising your super

The government provides generous tax incentives to encourage Australians to invest in super with contributions being taxed at 15% rather than the personal income tax rate of up to 49%, including the Medicare and the temporary Budget Repair levies. You might consider setting up a salary sacrifice arrangement with your employer, allowing you not only to make super contributions from your pre-tax salary but also potentially reducing your income tax bill.

You may be eligible for other benefits, such as the government co-contribution when you make after tax contributions to your own super or a tax rebate when making contributions to your spouse's super. You may even be able to save tax by paying for your life insurance through your super.

Some people find it difficult to know how much to contribute to super apart from the current employer sponsored superannuation level of 9.5% (this is set to gradually increase to 12% 2025). There is no right or wrong amount but there are contribution caps (set out by legislation) which limit how much you can contribute each year without additional tax applying.

If you own a small or medium-sized business, we can advise you on how to structure a corporate super plan that takes into account any salary packaging requirements and remuneration programs.

It is never too late to take control of your super, but the rules are complex.It is important to get professional financial advice to ensure you make the most of your superannuation savings.

Contact us today to find out how to maximise your super.

Basics of super

When the time comes to retire, it would be nice to feel confident that your life after work will be comfortable and that you'll have the time and money to enjoy many things you weren't able to do while working.

The Age Pension provides only a very basic retirement allowance that most people would find difficult to manage on. This is why it is so important to take control and set yourself up for your future now, by making regular personal contributions to your superannuation fund.

Potential tax advantages

The Australian Government offers powerful tax incentives to encourage us to save for retirement throughout our working lives. For example:

  • Some super contributions are taxed at concessional rates
  • There is no limit to how much money you can accumulate in super over your working life, but contribution caps apply to limit the amount that can be contributed tax-effectively
  • When you reach age 60 any withdrawals you're eligible to make from your super savings are tax-free.

About super contributions

  • If you're an employee, your employer must, by law, contribute a minimum percentage of your wages (usually 9.5% and this will increase gradually to 12% pa) into a complying super fund (including self-managed super funds) on your behalf. Some employers contribute more, and some employees add more to their super fund by arranging with their employer to have a proportion of their pre-tax salary put into super. This is known as 'salary sacrifice'. You can also make personal super contributions from after-tax money.
  • If you're self-employed, you can make personal deductible contributions to your super fund. Please note conditions apply.

How much super is enough?

To calculate how much super you'll need in retirement, you will need to know:

  • Your estimated life expectancy
  • How much annual income you want to receive in retirement
  • How much super you'll need to produce that level of income.

A professional financial adviser can help you answer these questions, explain the various options available to you, and provide advice on the best strategy for your situation.

At Globe BD Financial Planning Pty Ltd, we can provide advice on the most effective way to build your super balance and achieve your retirement goals within your time frame.

Smart superannuation strategies can help you set yourself up for a great retirement

There are a number of strategies that can help you maximise your super savings. The following case studies provide just two examples.

Case study 1: Salary sacrifice

John earns $75,000 pa and his tax rate is 30%. He wants to put away an extra $5,000 a year towards his retirement, but he's not sure whether the tax advantages to be gained from investing in super are worth tying his money up. His other option is to invest outside super.

John has heard about salary sacrifice, a strategy where you ask your employer to take extra money out of your pre-tax salary and contribute it to super. As well as boosting your super, this strategy also reduces your taxable income, so you pay less income tax.

John decides to compare how much he could save by salary sacrificing $5,000 into super, with how much he could save by investing the same amount outside super. For the purposes of this example, we've assumed that both investments would provide a return of 7.7% pa.

After 20 years John's savings could be:

  • Inside super $97,186
  • Outside super $64,039

That's an extra $33,777 if John salary sacrifices into super.

Here's how it works:

Outside super Inside super - lump sum at retirement Financial benefit
Salary sacrificed $5,000 $5,000 0
After-tax $3,300 $4,250 $950
Return (year 1) $254 $327 $73
Tax on returns (year 1) $86 $49 $37
Financial position after year 1 $3,468 $4,528 $1,060
Financial position after year 10 $32,579 $45,564 $12,985
Financial position after year 20 $64,039 $97,816 $33,777

Case study 2: Investing in growth assets

Helen and Christian each want to invest $100,000 into superannuation. Helen chooses a conservative option with a projected earning rate of 6% pa. Christian is a bit more relaxed and opts for a growth-oriented option, which contains specific growth assets such as shares and property and has a projected return of 8% pa. While his projected return is higher than that of the conservative portfolio Helen has chosen, which invests mostly in cash and fixed interest, Christian's choice involves more risk.

Because super is a long-term investment, Christian thinks he has plenty of time to ride out any ups and downs in the markets. He believes that growth assets are likely to be more effective in building a decent retirement nest egg and while there are some risks involved, he's willing to accept short-term volatility in return for higher returns over the long term.

Helen and Christian ask their financial adviser to compare the two options. The adviser's comparison shows that after 20 years Christian's $100,000 investment would grow to $466,096 while Helen's balance would be $320,714 . A difference of just 2% pa in performance resulted in Christian's growth portfolio accumulating $145,382 more than Helen's conservative portfolio.

While many people insure their home, car and possessions, it is even more important to make sure your family and lifestyle are protected from financial misfortune. Without a regular income, it can be a challenge just paying for everyday household expenses like groceries and power bills, while ongoing mortgage repayments or school fees can quickly eat away any savings. Worse still, if you're self-employed and can't work because you're ill or disabled, you could be faced with the added pressure of the business bills rolling in.

The good news is that we can use risk insurance to structure a total financial protection package for you to protect against loss of income, disablement, serious illness and death.

While car and home insurance are relatively straightforward, personal risk cover can be complex, with many different options and levels of cover to choose from. We can help you decide which cover is right for you and what issues you need to consider. For example, which family members would you insure? When does it make sense to insure a non-working spouse? How should the benefits of any payment be distributed? What benefits are available within your superannuation scheme? What are the tax implications of taking out insurance?

If you own a business we can also review your business insurance needs. For example, is there 'key person' protection in place for the business owners and managers? Are the business assets and stock adequately insured against theft and damage?

Contact us today to find out how we can help you safeguard your financial future

Basics of Insurance

Insurance is essential for your peace of mind. Whether you're covering your life, your ability to work, your business, property or possessions, having insurance helps protect your lifestyle and the people who depend on you.

Insurance is never a luxury. You may go for years without making a claim, then one day the unexpected happens. No one can eliminate the devastating emotional impact of serious illness, disablement or death, but if you have to deal with money problems as well, the situation can be much worse. Having money available when you need it most is what makes insurance so valuable.

Using super to pay for your insurance

Some types of insurance allow you to pay the premiums automatically from your superannuation fund. This can be a tax-effective option because it enables you to pay your premiums with pre-tax money. Using money that is normally inaccessible until you retire also means you don't have to dip into your daily living budget.

What should you insure?

When protecting your family financially, look at your areas of greatest vulnerability, such as your mortgage, other debts, regular household expenses and, if you're self-employed, your business. You should also protect yourself against loss or damage to your property. These areas can be covered by:

  1. Life insurance - pays a lump sum on death if you die while you're a policyholder.
  2. Income protection - provides regular payments if you can't work due to illness or injury.
  3. Disability insurance - pays a lump sum if you are totally or permanently disabled.
  4. Trauma insurance - pays a lump sum 14 days after diagnosis of a serious or terminal condition such as stroke, cancer, heart attack or other specified conditions.
  5. Accidental Death
  6. Business insurance - a range of insurance products that can be incorporated into a package tailored to your type of business.
  7. Home insurance - to cover your residence, investment property, contents and personal valuables.
  8. Other cover such as motor vehicle and boat insurance, which covers you for loss and damage.

Do you have enough cover?

It's all very well to have 'some' insurance, but many people are under-insured and find themselves out of pocket when they make a claim. It's important to accurately assess how much insurance you need. This is an area where Globe BD Financial Planning Pty Ltd can help you. We'll help identify your greatest areas of risk and work out how much cover is appropriate for your needs.

How the right advice can help

Having the right insurance in place is crucial to securing your wellbeing and financial situation. The following case studies provide just two examples.

Case study 1: Protecting your family

Max, 35, is an accountant earning $60,000 a year. He's married to Sarah, 34, and they have two children aged four and two. Sarah currently stays at home caring for the children. Max and Sarah have a $140,000 mortgage, $4,000 owing on credit cards, and a car loan of $6,000. Max's superannuation includes $50,000 of life insurance cover. Max is worried that if something happened to him, his family would be in financial difficuLtd.

After speaking to his financial adviser, Max decides to take out a $1 million life insurance policy and $200,000 trauma and disability insurance. When combined with the existing life insurance he has under super, if Max dies unexpectedly Sarah and the children will have $900,000 to live on after all debts are paid. Also, if Max was to suffer from one of the medical conditions specified in his trauma insurance policy or suffer a total and permanent disability, the lump sum he receives would help meet his medical treatment costs, hopefully without the need to dip into the family's savings or go further into debt.

Max's adviser also suggests he consider insurance for Sarah. Although she is not working, she makes a valuable contribution through running the household and looking after the children. His adviser points out that if Sarah died unexpectedly, Max would need extra money to arrange for the care of his home and children. As a result, Max decides to take out $500,000 life cover and $400,000 trauma cover for Sarah as well.

Case study 2: Protecting a hard-won lifestyle

Arthur is 55 and earns $120,000 a year as a sales representative. He is married to Fiona and they have three children aged 22, 19 and 17. The children have all finished school and the youngest is about to start university. Arthur is planning to retire at 65 and has $200,000 life insurance through his super.

Arthur has built a comfortable life and has a number of assets, including a lovely home and a fishing boat. He has no debts and retirement is still almost 10 years away, however it is important to Arthur that he remain able to maintain his current lifestyle should he become unable to work due to sickness or disability. He certainly would not want to sell any of his hard-earned assets or eat into his retirement savings to support his day-to-day living costs should anything unexpected happen.

After speaking to his financial adviser, Arthur takes out an extra $200,000 life cover with $200,000 total and permanent disability cover to pay for medical treatment and any alterations necessary to his house if he became totally and permanently disabled. He also decides to take out income protection insurance, selecting a benefit of $7,500 a month (75% of his current income) up to age 65. With these additions to his insurance cover, Arthur feels comfortable that he could retain his current lifestyle without eating into his assets should he be unable to work due to sickness or disability.

Business Planning

For many business owners, the daily demands of running a business leave little time for long-term planning. This can place your business in a vulnerable financial position if there is a change in ownership or misfortune strikes.

One of the most significant challenges you can face as the owner of a small- or medium-sized business is a change in its ownership structure. If you manage the transition well, the new ownership arrangements should enable you to carry on with business as usual and have a minimal effect on your day-to-day operations. Managed poorly, however, a change in ownership could become a costly distraction to you, your management team and employees, possibly even sending negative signals to your customers, banks and competitors.

We can help you build a robust succession plan that takes your long-term aspirations into account and also allows for contingencies. For example, for a family-owned business this may include a handover plan to family members. For a partnership, it might lay out a framework for a partner to exit the business or for a total liquidation.

It is also possible to plan for the impact of unforeseen changes, for example, if you or a business partner are struck down by a long-term illness or disability or die unexpectedly. We can build a risk protection strategy into your business plan using 'key person', income protection and trauma insurance. Your risk protection strategy can also include business overheads insurance and insurance to protect assets and stock against theft and damage.

In addition, we can consider the tax implications of your business interests when addressing your personal estate planning needs.

Estate Planning

It will undoubtedly be a difficult time for your family and loved ones when you die. However, with sound estate planning, you can ease their burden by ensuring that your affairs are managed by someone you trust, your assets are transferred according to your wishes, and any tax liabilities are minimised.

The first and most fundamental step in estate planning is to consider making a valid will. Your will sets out who you want to administer your estate (the executor) and how you wish your assets to be distributed. If you die without a will and are deemed 'intestate', your estate could be distributed according to the relevant state legislation. This may result in a distribution that is different from your wishes, add considerably to the time and cost involved, and open up the possibility of a legal challenge.

Another important element of estate planning is to think about having a current power of attorney in place. A power of attorney allows you to nominate a trusted family member or friend to make decisions and act on your behalf.

If you have a large, financially complex asset base, your estate planning needs may also include establishing some form of testamentary trust or asset management structure to help ensure your assets are passed on smoothly and tax-effectively.

Your superannuation is not automatically included in your will as part of your estate or assets, so it is important that you consider completing a binding death benefit nomination that will direct your super fund on how to deal with your superannuation.

As you might expect, estate planning involves legal as well as financial specialists. While a solicitor can take care of the legal aspects of your will, we can look at your total financial picture and help you with a broad range of issues such as funding and protecting your estate, avoiding challenges to your will, and minimising tax.

Salary Sacrificing

Salary sacrificing involves a request by you to your employer to make a super contribution from your pre-tax salary.

Whatever your age or stage of work, making salary sacrifice contributions can be a tax-effective way to top up your super and it could also reduce the income tax you pay.

Investment earnings in super are taxed at a maximum of 15%. If you invest outside super, the earnings would be taxed at your personal income tax rate (up to a maximum of 46.5%). This tax reduction means you have a larger amount to invest, which can make a big difference over time. Although you pay contributions tax on the money going into the super fund, a lower gross salary could mean you pay less income tax.

We can help you structure a salary package with your employer and incorporate salary sacrifice into your superannuation and retirement planning strategy.

When you get closer to retirement, you could take advantage of a transition to retirement strategy, which makes it possible to access some of your super in the form of a pre-retirement pension while you are still working. If you have reached your 'preservation age' (which varies, starting at age 55 if you were born before 1 July 1960) and are still working, we can show you how you could salary sacrifice into your super while simultaneously drawing a pre-retirement pension. This tax-effective strategy could help increase your retirement savings.


If you are looking to establish your own Self-Managed Superannuation Fund or if you already have an existing fund and would like specialist help, contact us today.

Start Planning Now

A Globe BD Financial Planning Pty Ltd financial adviser can help you make sure you are as ready as you can be so you are able to look forward to your retirement.

Contact us today and find out how we can help you plan a successful retirement.

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Important Information

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Information in this web page is based on regulatory requirements and laws, which may be subject to change. While care has been taken in the preparation of this document, no liability is accepted by Financial Wisdom, its related entities, agents and employees for any loss arising from reliance on this document.

This web page may contain general advice. It does not take account of your individual objectives, financial situation or needs. You should consider talking to a financial adviser before making a financial decision.