FINS3637 Statement of Advice 2

7840 WordsJun 10, 201532 Pages
STATEMENT OF ADVICE Prepared for Peter Zinc and Georgia Zinc Prepared by: Lok Fung Ciao Lam (z3377100) Kelvin Ly (z3373444) Johnathan McMenamin (z3416995) Anthony Truong (z3376246) Gordon Wong (z3375806) Ray Wong (z3252114) Authorised representative (No.1234) of UNSW ASB Pty Ltd ABN 15 245 214 135 Ph: (02) 9385 5867 Australian Financial Licence No. 5678 23 High Street Kensington NSW 2033 26 May 2014 WHAT THIS DOCUMENT IS ABOUT The following Statement of Advice (‘SOA’) sets out the financial plan we have prepared for you with regards to the information you have provided to us. All advice and recommendations made takes into account your personal and financial situations, needs and objectives and risk profiles. This SOA…show more content…
He should salary sacrifice $4,939.33 as a result of this higher cap. Self Managed Superannuation Fund You should set up an SMSF after Peter’s retirement. You should not purchase a property through the SMSF but can invest through it for tax benefits. Estate Planning You should meet with a solicitor as soon as possible to set up a Will containing a testamentary trust. You should also appoint a Power of Attorney as soon as possible. Pension You should consider an account-based pension. This will provide you with the flexibility to withdraw funds. Age Pension Eligibility You will not be eligible for any age pension and other social security. 2. Current Personal and Financial Situation The following section contains information gathered from you in regards to your goals and objectives, personal and financial information and your attitudes to risk. The advice prepared is based on these information. Please inform us immediately if any of the information below contains any errors or omissions as these might affect the appropriateness of our advice to you. 2.1 Goals and Objectives As per our meeting, we understand your main goals and objectives as follows: Peter wishes to retire in 7 years at 65; Georgia wishes to retire in 2 years at 57; You would like to pay off your home loan as soon as possible; You would like to save and invest; Peter would like to slow down and retire soon to spend more time with the family; You

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