Our Services
Personal Insurance
Personal insurance goes beyond standard health insurance and should be tailored to your profile.
It’s an unfortunate fact that most of us will face job losses, health issues and traumatic experiences throughout our lives. Although these problems can quickly knock us for 6, insurance provides a financial safeguard for you and your loved ones to take the necessary steps to recover.
Our financial experts collaborate with you to understand your insurance needs, desires and how this fits into your budget. We’ll evaluate different options depending on your life stage including Life insurance, Total & Permanent Disability and Trauma/Critical Illness insurance.
We’ll also explore the best product options for income protection and other instruments relevant to your lifestyle. Wherever you are in life, our team can provide expert guidance to make sure you’re effectively covered.
If you have any of the below questions, we can help:
- Am I well covered for my life stage and living situation?
- Is TPD and Trauma/Critical Illness insurance necessary for me?
- Are my current insurance providers offering the best options in the market?
Superannuation
Superannuation involves more than choosing a ‘good’ fund.
Understanding the advantages and limitations of the super funds available, especially those that benefit your life stage, can be critical to your retirement savings over time.
We know that every fund has its own niche, strengths and drawbacks. Our team helps you understand these aspects for your current fund and consider other funds that could better reflect your situation and financial goals..
Our personalised superannuation advice includes the best time to make contributions, investment portfolio management and connecting super to your financial goals.
If you’re planning to retire, we can guide you through the best and worst times to access your superannuation to minimise tax.
If you have any of the below questions, we can help:
- Is my superannuation fund the right choice for me?
- What are the best times to contribute/access my super?
- How much do I need to accumulate in super to retire?
Investments
From property to shares, your investment assets are critical to growing financial wealth. Our goal is to help you maximise your portfolio’s potential. We provide detailed advice on a range of instruments to align with your financial profile, personal values and future goals.
For property, our experts can help you understand your potential lending power on potential property investments. We give every client the ‘full picture’ when it comes to property costs so they never find themselves under financial strain. We proudly have zero clients under housing stress and we intend to keep it this way!
For shares & managed funds, we can provide effective investment strategies.
Our team holds quarterly investment committee meetings to analyse market trends and evaluate share portfolios, ensuring our advice is current and informed. We conduct annual audits of share trading platforms to assess governance, effectiveness and customer service.
We offer guidance on all other investment assets, the best methods of transferring investment portfolios, establishing trusts and creating business accounts with optimal tax outcomes.
If you have any of the below questions, we can help:
- Should I be investing in shares or property?
- What is the best option for investing my surplus savings?
- How can I improve the performance of my current investment portfolio?
Cash Flow & Budgeting
Budgeting isn’t about cutting the luxuries out of life. It’s about adapting buying habits to fit your lifestyle while creating a financial future based on your values.
A thorough understanding of your cash flow — what enters and leaves your bank account — helps identify savings opportunities and modify buying behaviours.
Our team analyses 6 months of bank statements, creating a detailed cash flow report to break down your spending and pinpoint potential areas for change.
We then create a budgeting structure that guarantees your essential bills are always covered.
We take the time to help you effectively budget for upcoming expenses like holidays, gift giving and large asset purchases. We’ll also review recurring charges, such as car registration and Home & Contents insurance, to find options that best suit your needs and budget.
Speak to our team about creating a budget tailored to your cash flow and financial goals.
If you have any of the below questions, we can help:
- Where am I spending the most and how can I save?
- How can I prepare for rising interest rates and expenses?
- I have a large financial purchase on the horizon (house, car, kids etc). How can I effectively budget for this?
Retirement planning
Planning for life after work can be confusing and overwhelming, but it doesn’t need to be. With professional guidance you can enjoy a comfortable retirement that reflects your values.
Our team helps you create a retirement plan that is both tax effective and supports your lifestyle. We address key questions around when you should retire, how to maximise contributions and effectively manage your investment portfolio while transitioning to retirement. We help you to create a vision for what comfortable living looks like to you.
Do you hold assumptions on the best way to plan for retirement?
Speak to our team today to make sure you’re making your golden years the best they can be.
If you have any of the below questions, we can help:
- Do I have enough to retire?
- How can I plan for the best retirement?
- When is the ideal time for me to retire?
Debt management
Eliminating debt is a powerful way to give you peace of mind and improve your financial status. But it’s important to recognise that not all debt is created equal.
Effective debt management varies across different life stages. Whether it’s lifestyle, investment or retirement related debt, we create repayment plans that are tailored to your financial goals.
For home purchases, we provide comprehensive guidance on the total cost of your investment including interest rate fluctuations, stamp duty, legal fees, and other associated expenses.
For all other types of debt — such as cars, personal loans, credit cards and family expenses —
we’ll assess your complete debt profile, financial goals and tax implications to create a repayment plan that’s tailored to you.
If you have any of the below questions, we can help:
- What is my total amount of debt?
- Am I paying too much in repayments?
- What is the most tax efficient way to manage my debt?
Estate Planning Advice
A well managed estate is one that makes sure your assets are distributed to the right people at the lowest tax impact.
However, a poorly planned estate can lead to confusion, information gaps and expensive legal headaches for those left behind.
Wealthpoint Financial offers comprehensive estate planning advice to ensure all aspects of your will are covered. This includes clarifying and selecting the role of executor and understanding the potential impacts on your spouse and family.
We help you have tough conversations now so your wishes are clearly understood and fulfilled. Speak to our team today and avoid the potential for costly hours in legal fees later.
If you have any of the below questions, we can help:
- How do I set up a will so that my wishes are fulfilled?
- How do I choose an executor and what are their responsibilities?
- How can I minimise the tax burden on my estate for my beneficiaries?
Self Managed Super Funds (SMSF)
SMSFs are a complex financial undertaking that require guidance from a qualified financial planner.
Although SMSFs are advantageous in certain situations, they can quickly become a financial headache. SMSFs operate as separate entities and this carries significant financial risks if mismanaged.
Wealthpoint Financial helps clients to understand if an SMSF is the right choice. Our financial planners can help prospective SMSF applicants understand their level of risk tolerance, cost-to-value ratio and other areas of concern.
If we find this instrument aligns well with your financial profile, we’ll help you set up your SMSF and start maximising the benefits of this option.
Please note: we do not manage SMSF wind-ups.
If you have any of the below questions, we can help:
- Should I move to a SMSF?
- Can I purchase a commercial building through SMSF?
- What are the tax implications of moving to an SMSF?
Do you have an immediate problem or need help creating a vision for your financial future?
Let’s talk about it.
Our first consultation will explore your financial needs today, create a vision for tomorrow and build a plan to bridge the gap.
Thunder Tax Pty Ltd T/A Wealthpoint Financial Planning ABN 99 123 853 681 is a Corporate Authorised Representative #1276821 of Mawson Wealth Pty Ltd AFSL 552819
Shop 2, Turanga Shopping Centre.
26 East Street, Mount Isa QLD 4825
Suite 10, Level 1, Highpoint Plaza.
240 Waterworks Road, Ashgrove QLD 4060
6/146 Scollay Street, Tuggeranong ACT 2900
© 2024 Wealthpoint Financial Planning. All Rights Reserved. Website design by OEM.