The writing of compliant, timely, single or multiple strategy Statements of Advice on the following:
- Lower Plenty, Victoria, 3093
- 0431 480 444
Experienced Paraplanner, highly regarded by advisers, clients and licensees. Over 10 years' experience assisting advisers in all facets of financial planning, including the writing of a diverse range of complex and strategic financial plans in a timely and compliant manner. Extremely well mentored over most of the last 7 years by an extremely knowledgeable, ethical and highly educated Certified Financial Planner.
Enrolling to commence a Bachelor of Finance later in the year (only 8 units to complete, with credits for previous studies).
Currently contracting to CPA Australia Advice who have only just recently had their Australian Financial Services License granted by ASIC.
Instead of trotting out the usual personality characteristics repeated in every resume, I thought I'd tell you about mine in a different way.
If I asked my family, my friends and the colleagues I've worked with over the years, to describe 'the sum of me', I'd like to think that they would say some of the following things:
"She is steadfast, loyal, diligent, determined, hard working, self-sufficient, detests tardiness, a lioness when she needs to be, but also generous, sometimes gregarious and adventurous; a pleasure to be around and/or work with". The eldest of my five siblings sums it up for me when she says "you are the kindest of us all".
But don't mistake my kindness for weakness; my kindness comes from an ability to see and understand both sides of every situation, which has always served me well when dealing with conflict, unpleasant situations or difficult people (of which I've worked with, or for, a few!).
FNS60410 / FNS50610
A widowed retiree receiving a full age pension was receiving an inheritance which would have seriously affected her age pension and health care card entitlement. I recommended a lifetime annuity; a 10-year investment bond, an investment platform with a regular withdrawal (investments chosen to maximise dividend imputation); the purchase of a funeral bond (up to Centrelink's allowable limit at the time) and to gift $30,000 over a 5 year period, not exceeding $10,000 in any one year). Under my scenario, I estimated her age pension entitlement would reduce, but not cease and that she would receive a higher age pension entitlement by proceeding with the advice.
I also projected that the she would have the asset base to provide her with her desired annual income (indexed) to her life-expectancy and beyond and that as the annuity and investment platform balances reduced over time, her age pension benefit would increase and she would not need to make withdrawals from the investment bond until it had matured, again providing a tax-free income source which would not be subject to tax if left to her non-dependent children (tax definition of non-dependent) on her death.
The adviser complimented me on an extremely well thought-out strategy which was both easy to present and easy for the client to understand. The client and her children were delighted with the outcome.
Retirement Planning/Hold or Sell Investment Property
Clients aged 65 wanting to retire within the following 12 months wanted to know if they had enough wealth accumulated to achieve their desired annual retirement income for their respective life expectancies and beyond. Their wealth consisted of superannuation and a rental property, which they were keen to retain.
I projected that if they retained the rental property, they would not achieve their desired objective, even with the eventual entitlement to an age pension as their superannuation benefit declined (factoring in indexation on rent and eventual entitlement to an age pension).
I projected that if they worked until August the next year, they could sell the investment property and contribute the funds to super as a non-concessional contribution using the bring-forward rule, whilst still satisfying the work test rule and minimise or negate capital gains tax, not having any other income for the financial year, with the recommended allocated pension tax-free. I was clear to point out that we were not licensed to give specific property advice and that they should seek the advice of both a property and taxation expert if they decided to sell. Under this strategy, they could achieve their desired outcome; if they retained the property, I demonstrated their super would be depleted around 10 years earlier, necessitating the selling of the property, incurring capital gains tax, which could not then be offset, without the ability to get the funds into a tax-free environment.
The adviser again complimented me on a well thought out/presented plan.
Train the Trainer - Centre for Business Development and Training Swinburne
Ventura Design and Layout - Business Resolutions
Ventura Basic and Advanced - Co-Cam Computer Group
Pagemaker Basic and Advanced - Delairco
Mirage Charting and Editing, Database Management & Advanced - Dimension Graphics
Advanced DOS - Paxus Consulting