Once we have advised you on the transferring of your accumulated UK pension fund we are available to engage with you to develop financial strategies to assist you in creating and maintaining a comfortable lifestyle. That is, after all, why you have emigrated to Australia in the first place!

Whatever your stage in life and your personal circumstances we will help you make informed decisions about your financial life and will provide you with;

  • An adviser who understands your situation and has made the same move you have
  • A clearly defined plan for your financial future
  • An experienced, educated and deeply ethical adviser who will take the time to listen and have a thorough understanding of your personal circumstances, goals and ambitions
  • Regular reviews of plans and strategies

 

Wealth Protection – Insurances

The bedrock to financial planning is providing financial stability to you, your family and your loved ones in the event of sickness, serious ill health or death. It is a constant source of surprise how many clients rely on their super fund to mitigate all their financial risks. Effective risk management is about ensuring your plans and lifestyle is secured if anything unfortunate were to happen to you.

Our service offering includes:

  • Capital Protection
  • Cashflow Management
  • Estate Planning
  • Financial Planning
  • Investment Strategies
  • Income Protection
  • Life, TPD and Trauma Insurance
  • Retirement Strategies
  • Risk Management
  • Superannuation including SMSF strategies

 

Wealth Management – Superannuation and Investment

Wealth Builders – typically 40-60 years old

This is a critical period of your financial life if you are looking to secure a comfortable standard of living in retirement. Whether you are fundng your children through education or are now empty nesters it is vital to plan now for your own wealth in retirement. If you have spare income and do not know how to maximise the tax and investment efficiencies Global Wealth Consultancy has the knowledge and experience to put you on the right path to financial freedom.

Retirees – typically aged 60 years plus

Just because you are now in your 60s does not mean you have to retire. As more and more clients are looking to work well into their 70s it is vital that you engage with a financial professional who can ensure you receive a comfortable, sustainable income in retirement.

Naturally, if you do wish to retire as soon as you can afford to, we have specific strategies that are designed to maximize your wealth in a tax efficient manner that could enable this.

 

Our service offering includes:

  • Cashflow Management
  • Capital Protection
  • Estate Planning
  • Strategic Financial Planning
  • Investment Strategies
  • Income Replacement
  • Personal Protection Packages
  • Retirement Strategies
  • Risk Management
  • Superannuation and Pension strategies
    • Salary Sacrifice
    • Transition To Retirement
    • Account Based Pensions
    • Annuities
    • Centrelink Age Pension maximisation strategies

 

Self Managed Super Funds (SMSF)

You may well be more familiar with the term SIPP or SSAS but SMSF are essentially the same style of arrangement. The main difference between UK SIPPs and Australian SMSFs is the ability to invest in residential property. We are fully qualified to provide this service and also to assist you to understand the investment restrictions of a ROPS.

 

Advantages & Disadvantages

The main advantages of an SMSF are:

  • Greater control of your super funds in terms of investment decisions and strategy. You decide where you wish to invest rather than a fund manager or multi asset manager
  • Potential costs savings due to having fixed rate fees rather than the standard percentage of funds fees
  • Control and flexibility of distribution of death benefits
  • Effective tax management when moving from accumulation to pension phase
  • Ability to hold direct property (both residential and commercial) plus other investments not usually allowable such as unlisted shares
  • Ability to hold your own business property as an investment providing tax efficiency, security of tenure and succession planning for your family
  • Ability to control the timing of investment decisions
  • Ability to pool assets and borrow to purchase real estate otherwise unaffordable to you

The main disadvantages of an SMSF are:

  • Time commitment may become too onerous for the Trustees
  • Lack of technical expertise requiring outsourcing of advisers which adds a layer of cost
  • Extra fees such as audit and accountancy fees
  • Legal responsibilities of Trusteeship may be considered too heavy
  • Costly for small balances, moving from a percentage to a fixed fee basis has a critical mass and smaller balances may end up paying more in fees than if in a retail or industry fund
  • Penalties of non compliance can be harsh, including the potential for civil and criminal sanctions for serious breaches
  • Lack of investment diversity may cause issues in the future, many SMSFs are very heavily invested in residential property and a fall in market values or gaps in tenancies may cause problems when meeting the minimum pension payment levels in future.

Whatever your stage in life and your personal circumstances Global Wealth Consultancy will help you make informed decisions about your financial life and will provide our engaged clients with;

  • A clear plan for their financial future
  • An experienced, educated adviser who will take the time to listen and have a thorough understanding of their personal circumstances, goals and ambitions
  • Regular reviews of plans and strategies
  • An adviser who cares about his clients and always works in their best interests