Cash Income Growth CashIncomeGrowth What emergency funds do you need? Retain emergency fund What capital expense requirements do you have? - Renovation?

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Presentation transcript:

Cash Income Growth CashIncomeGrowth What emergency funds do you need? Retain emergency fund What capital expense requirements do you have? - Renovation? - New car? - Holidays? What are the income sources that fund your cost of living? SalaryRental home Income stream Dividends/distributions Social security How is this income managed? - Cash reserve facility? - Mortgage account? How will you achieve your income needs for the future? Cash? Fixed Interest? Property?Shares? Are your assets diversified?

Cash Income Growth – Retiree case study Cash ReserveIncomeGrowth Macquarie Cash Management Trust (Joint) $25,000 NAB Term Deposit (Joint) $50,000 Drawdown of $600 per week for living expenses CBA Bank Account (Joint) $5,000 ING OA Allocated Pension (Client) $150,000 Income of $7,500 per annum ING OA Allocated Pension (Partner) $200,000 Income of $10,000 per annum Centrelink - Aged Pension (Joint) Income of $24,000 per annum ING OA Personal Super Plan (Partner) $150,000 CFS FirstChoiceI nvestment (Joint) $50,000 ING OA Allocated Pension (Client) $150,000 ING OA Allocated Pension (Partner) $200,000 Cash Reserve $80,000 Net income of $41,000 per annum after tax liability of $0 Growth $550,000 $7,500 $10,000 $24,000

Cash Income Growth – Accumulator case study Cash ReserveIncomeGrowth Salary $150,000 Managed Funds $5,000 Investment Property $20,000 $170,000 assessable income $5,000 $20,000 Mortgage account (redraw/offset) Super $100,000 Managed Funds $100,000 Investment Property $500,000 Salary sacrifice $5,000 per annum Debt recycling $15,000 per annum Everyday account/ Emergency fund $5,000 $1,000 weekly drawdown for living expenses Debt Original $X Current $X Salary Crediting Debt Recycling Tax payable $X Income Protection Wealth Original $X Current $X Non Preserved growth for liquidity Retirement Original $X Current $X Preserved Growth for retirement Life/ TPD Trauma