Stuck in “survive” rather than “thrive”?
Don’t be sucked in by financial advisors who keep you out of the loop and can’t handle push back.
Are you across all your finances?
Your finances are an ecosystem.
Our team helps you discover how it best works together.
Take a step toward more savings and opportunities, smarter investments, less lifestyle risk and better planning.
Once you connect with our hive, you can make sure your money is working for you. Don’t let your hard-earned cash leak away (without you even knowing it).
Tax effective income solutions
To compare one investment against another it is important to compare like, and on a post-tax basis. With so many different investment vehicles (companies, trusts, superannuation, personal name), and the different tax treatments of both income and capital gains (for example, franking credits and discounted gains) it is important that tax implications are considered at every step of the investment process.
We start with working out an asset allocation strategy that gives you a balance of asset types, including managing the balance of cash, fixed interest, property exposure and equities. The balance of these will help weather market volatility and protect your capital.
We choose a mix of managers and direct investments to optimise your portfolio, so that your individual investments work together to provide income and long-term capital growth.
We help you find value for money mortgages. We find the best mortgage rates, and consider how your mortgages can be best structured.
Once you connect with our hive, you’ll be in a better position to sort the good investments from the great ones.
Assessing the available options
Connecting with our team enables you to better scan the marketplace for investment opportunities.
Tax effective income solutions
To compare one investment against another it is important to compare like, and on a post-tax basis. With so many different investment vehicles (companies, trusts, superannuation, personal name), and the different tax treatments of both income and capital gains (for example franking credits and discounted gains) it is important that tax implications are considered at every step of the investment process.
Scanning for Opportunities
Once you connect with a great team, you’ll have the ability to better scan the marketplace for opportunities, sometimes in places you hadn’t thought of.
Most people think of Centrelink as they become older (as they consider the Age Pension, for example). This approach leaves little room for potential planning opportunities. Say you have a property that you may wish to transfer to your children, then this needs to be done well before 5 years prior to claiming an Age Pension.
Otherwise you will find that it continues to be assessed under the ‘Asset’ test and treated under the current gifting rules where you are only able to gift ‘$10,000 per annum’ and no more than $30,000 over a 5 year period. What most people don’t realise is that Centrelink will want details of any assets that you may have gifted in the last five years prior to claiming. Some other potential planning opportunities to boost your eligibility for a Centrelink entitlement can be purchasing an annuity or funeral bond. Also remember, you only need to be in receipt of $1 of Age Pension to then receive the ‘Pensioner Concession’ card which then entitles you to discounts on car registration, rates, drivers licence, electricity, phone and the prescribed benefit system.
Once you connect with our hive, you’ll be more confident that your plan is working together for a greater outcome.
Where do you want to go?
Money enables the lifestyle you want. The most important question is not about your money, it’s about your life. What do you want to do with your life?
Regular review process
One review a year is not enough. The days of buying and holding a portfolio without regular, proactive management are gone. The world is changing. Rapidly. Companies and managers you invest in need to keep up with the changes. We structure our advice using regular portfolio reviews to allow your money to be more responsive.
Know more to plan better. The more you understand, the better decisions you can make. With Cooper Wealth, you won’t get lost in the jargon.
Get the basics right. Doing a spending diary, clarifying fixed and lifestyle expenses, tracking income versus expenses, automating payments to make life easy and sticking to your plan. There’s never a reason to discard basic financial management.
Lower your risk
How much superannuation is enough to retire on? We find the superannuation providers best suited to you.
How much cover do you really need? What are the right products that cover the risks you’re most concerned about? We clarify the confusing market (after all, there are many different types of insurance cover: Life insurance, TPD, trauma, income protection, business continuance). We discuss the most affordable long term solution – this often means a balance of different policies, designed to be scaled during different phases of your life.
So, if you’re thinking:
- I’m okay, but I could do better
- Is my way the best way?
- I need someone to review my finances
- I don’t want to find myself caught short.
- I don’t want to find out how I could have done better when it’s too late
Are you working as a team?
Most of the time, other people need to be looped in. It might be your spouse. A relative. Or your accountant.
Working with us will empower you to bring others along on the journey with:
- opportunities identified
- risks called out
- strategies compared.
As the saying goes, if you want to go fast, go alone. If you want to go far, go together.
Alistair and Val
Solving passive investments
Doing it differently to our parents, who had financial challenges in their retirement.
Alistair and Val 2950% ROI
Alistair and Val had a financial planner in the past, but with changes of advisers had found their investments had become pretty passive.
Needed a plan for todays needs and future aspirations
Alistair was about to turn 50, and was now ‘on the home stretch,’ so we had to make sure that he was on track and had a strategy that enabled him to finish work. He didn’t want to sacrifice happiness or become a slave to a retirement plan.
Val wanted the choice to be able to retire at 60 and be able to spend her time writing.
Alistair wanted to work until 65, but also wanted the choice to walk away from this sooner if he wanted. To do this, though, he needed to know that his lifestyle was maintainable in retirement, especially since he’d seen the financial challenges his parents faced in their retirement.
In interest costs and loan repaid before retirement
We recommend that you use surplus cashflow in the SMSF to increase loan repayments on the Super Funds investment property loan
Alistair, we recommend that you make a personal “concessional” (tax deductible) contribution of $10,000 prior to your SMSF prior to June 30
Val, we recommend that you make a personal “concessional” (tax deductible) contribution of $10,000 prior to your SMSF prior to June 30
Val, we recommend that you lodge a notice of intent with your SMSF to claim a tax deduction on personal contributions already made
Tax savings pa
Val, we recommend that you cease making non-concessional contributions of 5% of your salary to super and recommend you arrange with your employer to make salary sacrificed superannuation contributions into your SMSF of ($587 per fortnight) $15,262 per year from 1 July 2021 to maximise your tax-deductible contributions to super.
ROI $9,900 Fee
Total measurable benefit of initial advice
We also increased retirement savings by $363,745 and extended their ability to fund their lifestyle from the age of 73 to 89.