Financial Planning

Meet our clients…

Robert and Linda had recently moved to the area and wanted a local accountant who could offer a high level of personalised service, and who had the expertise to take over their financial affairs. They were referred by a friend (an existing Initiative client) of theirs to Initiative.

We initially met with these clients to review their existing situation. Robert and Linda were self-funded retirees who appeared to be living comfortably, however after reviewing their records, we were immediately drawn to the fact that these clients had been paying a significant amount of income tax for several years.

We suggested that rather than Initiative just processing their returns on face value, as had been done for several years, there may be a better way to restructure their financial affairs. We recommended planning be undertaken with a view to improving their net income and to consider the options that might be available to them. Robert and Linda were more than happy to run with this proactive approach to their affairs.

After giving due consideration to the financial and lifestyle goals of Robert and Linda, we developed a strategy which would significantly improve their existing financial position. This strategy would see their personal income tax liabilities significantly reduced and continue to be gradually eliminated over several years.

Part of the strategy was to establish a Self Managed Superannuation Fund (SMSF) and restructure Robert and Linda’s investments in such a way that significant tax advantages would be achieved from day one, but importantly, would continue to improve over the duration of the plan. Robert and Linda currently pay very minimal personal income tax, enjoy a tax-free income from investment earnings in their SMSF, and better still, receive tax refunds in their SMSF every year!

Robert and Linda have been extremely happy clients of Initiative for several years now and continue to see the benefits of our plan each year. We meet with these clients at least twice per year to review the plan’s progress and advise on any changes necessary.

You’ve got a clear vision of how you want your life to be in retirement. Question is… how much money will you need to make it a reality? It’s great to have goals, dreams and ambitions, however to turn these into reality you need the financial means to fulfil them.

Initiative has helped many of our clients achieve their financial destination, just like Robert and Linda.

Based on the Sunshine Coast, Initiative Group are all about making the complicated simple for our clients.