Client Success #19: Setting Up a New SMSF
Projected combined retirement uplift: $311k
We met a young family who had just set up their own SMSF and owned an investment property. We took the time to understand what they wanted the fund to do for them, and what their family would need if either income stopped. Their fund now has an investment structure in place, with their combined retirement savings projected to be $311k higher.
Client Snapshot
- A couple with a young family
- A newly established SMSF
- An investment property
Their Goals
- Have their new SMSF structured well
- Protect their income, assets and family
The Challenges
- The new SMSF needed an investment structure
- Their debts had grown with the property and a young family
Our Strategy
- Built an investment structure for the new SMSF
- Put an insurance strategy in place for both of them
- Structured their premiums to be tax deductible
The Outcome
Their new SMSF has an investment structure in place, with combined retirement savings projected to be $311k higher and $1,044 a year in estimated tax savings. As with any policy, the insurer assesses the claim.
- Projected combined retirement uplift
- $311k
- Estimated tax saving on premiums
- $611 and $433 a year
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