Advice Areas
BUILDING WEALTH
Planning, consistency and good savings habits are key fundamentals to building wealth. There are many aspects in selecting a suitable investment strategy that can further accelerate your savings goals. This includes your investment goals, risk profile, investment style and overall objectives and needs. Building wealth can be achieved through superannuation and non-superannuation investment vehicles.
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PROTECTING WEALTH
Personal insurance can help protect you and your loved ones financially if something unexpected were to happen.
We focus on working with you in identifying any key risks and developing a cost-effective and tax-efficient strategy to help you prepare for the worse, managing any speed humps life may present.
​We spend considerable time in developing a suitable protection plan for our clients, which is affordable, appropriate and relevant relative to our clients objectives, needs and personal circumstances. ​
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Types of Cover:
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· Life cover — pays a lump sum when you die
· Total and permanent disability (TPD) insurance — pays a lump sum to help with rehabilitation and living costs
· Trauma insurance — covers you if you’re diagnosed with a major illness
· Income protection insurance — pays some of your income if you can’t work due to illness or injury
RETIREMENT PLANNING
Retirement means different things to different people. For some, it’s a definite point in time when work stops, and a new phase of life begins.
For others, retirement may be a gradual process where they vary their working hours as priorities shift, or perhaps even leave a gainful employment and then return a later date.​
The assets you use to fund your life in retirement will likely come from a range of different sources, such as:
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Your super
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Investments and savings
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Investment Property
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Your home (if you downsize).
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Government benefits
The financial decisions pertaining to retirement are often complex. As such we will work with you to consider your objectives/needs and how to achieve your dreams in retirement, whilst having access to your retirement savings as needed.
AGE PENSION & GOVERNMENT ENTITLEMENTS
Building a retirement plan relies on many factors including the aged pension and government benefits. These benefits make a considerable difference to many Australians retirement strategy. At Savaige Advisory we review our clients position with the aim of maximising the government benefits our clients are entitled to.
We can help remove the burden of dealing with Centrelink, by assisting with the paperwork and lodgement of age pension claim form, along with assisting with the ongoing management of these entitlements.
ESTATE PLANNING
Estate planning is all about putting the right structures in place to make sure your assets are distributed in accordance with your personal wishes, in an effective manner.
Having an up to date estate plan can help make sure everything’s taken care of when the time comes. As the distribution of assets (including your income) can come with different tax obligations, a good estate plan might also minimise any tax that your beneficiaries may need to pay.
Estate Planning is not just simply about your passing, it also looks at providing instructions for medical professionals and someone to act on your behalf if you are unable to make a decision.
DEBT MANAGEMENT
These days, everyone has some sort of debt. Whether it is a mortgage, investment property mortgage, credit card, car loan or personal loan.
When it comes to being in control of your debt, the most important thing is to get started, be in control and having a plan in place.
Debt management is paramount in developing a suitable financial strategy, understanding the implications of your debt repayment strategy and formulating an appropriate plan of attack moving forward.