What We Do

Many people have some idea of their future goals but lack the technical know-how to make these future goals become a reality. At Collinsfp, we’ll explore what’s important to you, and then work collaboratively with you to develop proven, effective strategies that aim to turn your dreams into reality. With a clear plan in place, and the benefit of professional advice and guidance, you can look forward to a secure financial future.

To find out how we can help with Strategic/Financial Decision Making, Contact Collinsfp today.

Self Managed Super Funds (SMSFs) are becoming increasingly popular as an alternative to the more traditional Super Fund. The added control and flexibility allows more customised investment solutions. However, with that freedom also comes increased responsibility, as well as additional rules and regulations that must be followed.

It’s important to make informed decisions when considering if an SMSF is appropriate for your needs. Some high net worth individuals and families may feel an SMSF better suits their requirements and there are estate planning benefits associated with an SMSF strategy.
Self Managed Super Funds (SMSFs) are becoming increasingly popular as an alternative to the more traditional Super Fund. The added control and flexibility allows more customised investment solutions. However, with that freedom also comes increased responsibility, as well as additional rules and regulations that must be followed.

If you are an SMSF Trustee, you need to remain vigilant about the latest rules, regulations and legislation. One such area that requires careful consideration involves insurance. Trustees have an obligation to consider insurance for Fund members as part of the Fund’s investment strategy. In order to comply with this requirement, Trustees must consider the different types and levels of insurance in regard to the members’ needs. It is also important to consider existing insurance (this could be inside or outside Superannuation) and the appropriateness.

We are happy to work with your other trusted Professionals for your overall SMSF strategy, or we have local experts who can assist with non-financial planning SMSF matters.

To find out whether an SMSF may be an appropriate option for you, please speak to Collinsfp.

In a general sense, Superannuation is designed to provide funds for your retirement and depending on your age, this will likely determine your perceived interest of Superannuation.

Are you young and disengaged with your Super?

While many people pay little attention to their Superannuation, it’s actually never too early to start contemplating and planning for those later years. There are numerous Super Funds and options and it’s important your Super strategy is representative of your preferred risk profile. Many accounts sit in the default option, when this isn’t appropriate for the member.

It’s easy to understand why younger generations have little interest in their Super. However, here are some reasons you should be paying more attention:

You have the ability to control your Super; make sure it’s relevant for your needs

Understand where your Super is going and the returns you are getting

Be aware of the Super rules and contribution eligibility; a little bit now can have a large effect over a long period of time

Create a plan for the future, ensure your Super has been considered and you are 100% accountable for your retirement savings – later in life, it may be one of your largest assets

Are you nearing Retirement or within 20 years of Retirement?

Depending on your intentions for retirement, there are a myriad of strategies and options that may be suitable for your needs. For some, the ideal retirement may be full off relaxation and spending time with the grandkids. Others might dream of exciting holidays and adventures. Depending on your wishes for the future, there are different strategies that can be applied. It pays to start planning early, to give yourself the best chance of achieving your desired future lifestyle.

As you approach retirement, there are various tax friendly strategies that may be appropriate to your needs. For instance, a Transition to Retirement Pension and or Salary Sacrificing strategy may be applied. Others may prefer an SMSF for the increased flexibility and control.

Regardless of your circumstances, it is important your investment portfolio is structured appropriately to your needs.

Regardless of which stage of life you are in, your Superannuation should be a consideration. Contact Collinsfp to discuss what strategies would be appropriate for your specific situation.

There are plenty of misconceptions when it comes to Estate Planning. However, an over-arching aim of your financial plan is to ensure your wishes are carried out in the event of death. And this is where Estate Planning considerations come into play.

It is common for people to have specific ‘beneficiaries’ that they wish to pass their assets onto. It is frequently believed that a Will is sufficient for this, however, not all assets are actually controlled by a Will. In many cases, an Estate Plan is necessary to ensure that the ownership and control of your assets will be transitioned to your chosen beneficiaries in a straightforward and tax effective manner. An example of this is planning for your children’s inheritance; there are many factors to consider such as their age, marital status etc.

With a little pre planning, you can have peace of mind that your assets will be passed on in accordance to your wishes. We work closely with other business specialists to ensure all your wishes are appropriately aligned.

Speak to us today to learn more about efficiently transferring your assets to those who matter most.

Investment strategies is an important component in your overall wealth management plan. We can help you to maximise your investments and finances to ensure you are taking advantage of any opportunities, whilst minimising any risks. It is crucial to look at the big picture when undertaking financial planning strategies to ensure no details are overlooked. Even if you believe something isn’t relevant, we encourage you to ‘bring everything to the table’, this will allow us to get the most out of any strategy we develop and suggest for you.

From time to time, this may involve us liaising with your Accountant to ensure all aspects have been integrated into a meaningful solution from both financial planning and taxation perspective.

There are numerous strategies that may be considered including

1. Salary Sacrifice
2. Superannuation
3. Gearing
4. Reinvesting
5. Capital Gains / Distributions
6. Estate Planning
7. Insurance

Ensure your money is working hard for you. Contact us today to discover the significant effect investment planning can have on your finances.