Client Success #1: Looking Beyond the Property Transaction
Overall projected added value: Approx. $448,000
We met a couple in their early fifties who had just sold an investment property and wanted to make good decisions with the proceeds. We took the time to understand what mattered most to them, from their children’s future to their own retirement, then brought their tax, super, insurance and savings together into one plan. Their overall position is now projected to improve by approximately $448,000.
“We’ve recently sold an investment property and want to make smart decisions with the proceeds.”
Client Snapshot
- A couple in their early fifties
- A family of five
- Both on PAYG incomes
- Had just sold one of their investment properties
Their Goals
- Make the most of the property sale
- Have their super reviewed
- Protect their income
- Build a better savings plan for their children
- Fit it all into a broader wealth strategy
The Challenges
- A significant capital gains tax bill from the sale
- Minimal cover for very high premiums
- Their children’s savings in a standard bank account
- A significant amount of their own savings sitting in cash
Our Strategy
- Used super contributions to reduce the capital gains tax on the sale
- Moved both partners’ super to lower-cost funds with an improved investment strategy
- Put an insurance strategy in place, with one partner’s premiums structured to be tax deductible
- Invested the children’s savings tax-effectively
- Invested their cash savings for long-term growth
The Outcome
Their overall position is projected to improve by approximately $448,000, with $19,014 in immediate savings, most of it the reduction in capital gains tax.
- Overall projected added value
- Approx. $448,000
- Immediate savings
- $19,014
- Capital gains tax reduced
- $18,135
- Children’s savings, projected improvement
- More than $166,000
- Invested cash savings, projected growth
- $169,000
- Projected retirement uplift
- $21,000 and $74,000
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