Our
Services
Salary Sacrificing
While many people insure their home, car and possessions, it is arguably 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 help.
While car and home insurance can be relatively straightforward, life insurance (including; Death, Total & Permanent Disability, Trauma and Income Protection) 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.
Retrenchment
If you are retrenched, you’ll have a lot of issues to consider. For some, retrenchment can lead to an exciting new beginning. For others, it can be a source of emotional turmoil with the potential to cloud good judgement. Whatever your situation, it’s important to get sound financial advice on your entitlements and how you can make the most of the money you receive.
If your employment termination payment has a number of different components, we can explain what each component is, estimate its tax liability, and explain the implications of the various options available to you.
We’ll talk to you about your plans and whether you expect to continue working full time or part time, or retire early. If you’re unsure how best to use your lump sum payment, we’ll consider your financial situation and show you different options. For example, we might look at whether it is better to reduce your mortgage or contribute to your super.
If you decide to invest all or some of the money, we can recommend investments based on your particular needs, situation and risk profile.
Social Security
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When planning for your financial future, it is important to find out if you qualify for any of the government benefits available to individuals and families. These include (but are not limited to) the Age Pension, Mature Age Allowance, Family Tax Benefit, Parenting Payment and Disability Support Pension. There is also a range of benefits for service veterans.
As well as the Age Pension, retirees may be eligible for benefits including the Health Care Card, Commonwealth Seniors Health Care Card, Pensioner Concession Card and the Pharmaceutical Allowance. Eligibility criteria apply to each benefit. These criteria can be quite complex and can change over time.
The Age Pension can form the cornerstone of some people’s retirement income. We can help you structure your investments and assets to maximise your chances of qualifying for a pension. We’ll review your situation and look at your assets, including property, investments and superannuation savings, and assess how these could affect your social security entitlements.
Aged Care
It is important to ensure you know all the facts and take some time to plan to make sure you make the right decisions at this challenging time. Fina Financial Pty Ltd has Aged Care Accredited Financial Advisers who can meet with you to formulate a plan that considers all of your aged care funding options. Our plan will incorporate:
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Negotiating the payment of an accommodation bond or
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An accommodation charge
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The applicable daily care fees
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The calculation of Income Tested Fees
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Minimising these costs and charges where possible
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Planning to make care affordable in both the short and long term.
Specialist Services
Whether it's for yourself or for your business, there may come a time when you need to plan for a future change or to tackle an unexpected 'one-off' event. Our experienced team can provide specialist help whatever you require. Speak to us today to find out more about how we can assist you.