CASE STUDY – Murray and Susan – Time poor business man wanted the chance for better returns

CASE STUDY – Murray and Susan – Time poor business man wanted the chance for better returns

Murray and Susan – Time poor business man wanted the chance for better returns

WHERE they were atMurray and Susan were in their late 30s, with a young family ,when they spoke to their advisor, and as a time-poor businessman, they wanted the chance for better returns on their retirement savings. The business he continued to build with his father had expanded interstate which meant trips back and forth, and time was even tighter. Options included renting out the family home in Melbourne, and themselves renting interstate until things were more settled interstate, which was discussed with the planner.

What they WANTED to haveThey wanted to have more control over their retirement outcome and to be totally self-funded. They planned to have a large home in retirement to be able to have their children and families stay with them if required. Time and money to travel overseas would be good, as it was not possible at the moment with the growing businesses.

What it would COST Talking with the advisor, they estimated an annual income required would be $80,000 in today’s money.

What they would NEEDTo be safe, if a conservative investment return of 5% is used, (one 20th of 100%) this meant they required at least 20 times the income goal – that rounded to approx. $1,600,000 in assets.

What to do NOW Their current super was under $200,000, so there was work to do – in looking for good capital growth and making extra contributions in the low-tax super environment. The possibility of property would be looked at in time, since SuperBenefit could set up the structures needed, if directed. Murray and Susan also liked that the SuperBenefit Programme recommended broker supplied a list twice a year after reporting season, of financial data on companies with strong financial health that are likely to perform well.

We were instructed by the planner to set up the SMSF and applied to the super funds to roll-over to the new SMSF bank account. Then they spoke to the stock broker about the list he had created for SuperBenefit clients, of healthy Aust companies based on the 12 financial health criteria. Since 2010 clients have made returns ranging from 3-18% in certain years.

They also had peace because any queries or compliance issues, could simply be directed to the SuperBenefit administrator, who would  CONNECT them to the right advisors as required (SMSF Connector Service).

They now had the components in place:

  • Strategyto take control of the retirement plan, and build super;
  • Structure an SMSF using SuperBenefit administration;
  • Support with resources and all compliance taken care of by SuperBenefit, as well as a team of specialist professionals that the SMSF Connector service provides.

Note – This is a simplified summary of one client – We recommend asking for a FREE consultation and/or seeking further professional advice with our recommended advisors or your own.

Got questions? If you want experts who have years of helping others, without the hype – Then call for a FREE strategy session today and also get your FREE Expert Guide – Self-Managed Super and You – Top right hand side above.

If you have any questions, why not give us a call – it’s FREE also! No obligation. 0407 361 596, Paul.


About SuperBenefitnews

Self-Managed Superannuation Service Providers in Australia. SuperBenefit provides a wholistic SMSF assistance, education and administration service continuum - 1. “assistance” is help of whatsoever nature where our overall SMSF experience and knowledge enables us to provide assistance/help without any legal (or “license”) limitations. 2. “education” involves providing knowledge through teaching, coaching and mentoring about all matters SMSF, including (but not limited to) investment issues such as equities and property, 3. “administration” encompasses all admin aspects of legally required SMSF trustee and member record keeping including (but not limited to) audit and ATO matters. In keeping with our key point that SuperBenefit does not provide Financial Advice, where issues arise from 1, 2, and/or 3 above Indicate a need for a legally authorized provider (such as a Financial Adviser) and the client does not have their own service provider, the client can utilize SuperBenefit’s ‘Connect Assist’ … SuperBenefit, in itself, does not provide Financial Advice, but it does provide the wherewithal for great SMSF service. WE do not provide Financial Advice or any other service that requires a legally authorized provider. However, where such advice or service is required we have our ‘Connect Assist’, a SuperBenefit resource we use to connect clients to a Licensed Advisor or other legally authorised service provider. Call us 0407 361 596, no obligation FREE Connection call to see how we can help you!
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