Accumulating Assets

Increasing Net Wealth and Protecting Your Future

Have you started to accumulate both assets and debt, and want to know how to increase your net wealth and protect your family's financial future?

At this stage in your life your work is likely to be more stable and permanent. You may have started a family or be considering this in the near future and have probably increased your debt, possibly in the form of buying your first home.

Our recommendations can start to become more complex and focused on your personal situation at this stage. 

 

Some strategies we may consider:

  • Non-concessional (after tax) super contributions with a particular focus on receiving the Government’s superannuation co-contribution.
  • Concessional (pre-tax / salary sacrifice) super contributions, to minimise your tax and increase your retirement savings.
  • Salary packaging – we consider all salary packaging options available to your specific industry.
  • Review of your current superannuation to ensure it is cost effective and offers suitable investment and insurance options for you.
  • Regular Savings Plans to assist with future Private School education expenses for children, or other large expenses you have planned for the future.
  • Debt reduction and budgeting assistance, to ensure you can live the life you want while focusing on reducing your debt.
  • Personal insurance is also far more important, as you now need to consider repayment of debt, and protection of your family’s financial future, should anything happen to you.
  • Personal investments, to increase your personal wealth. We research investment options and consider the best ownership for these investments in order to protect your assets and minimise tax.
  • Centrelink assistance, to ensure that you know your options if you are considering returning to work, and how your choice will impact any potential family assistance benefits including the Baby Bonus/Paid Parental Leave, Child Care Benefit and Child Care Rebate, and Family Tax Benefit A and B.
  • We need to start considering Estate Planning such as Wills, Powers of Attorney and Testamentary Trusts. View all Services
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Before I discovered Veracity Wealth I had previously used 2 separate Financial Planners. My experience with the Financial Planning Industry had been soured through advice that generated next to no passive income and instead drained my funds through excessive and expensive insurances.

However, upon complaining to a friend about my experience he mentioned Veracity Wealth and just said that it was worth at least having a chat to see if there was anything they could do.

To say that they exceeded my expectations would be an understatement. They were with me every step of the way through the whole implementation process and answered all of my questions in an extremely timely manner. They got me out of my existing expensive insurances and into cheaper ones with better coverage, while also finding a passive income source that perfectly suited my needs.

With their help and ongoing advice I'm now well on my way to achieving both my short and long term financial goals and the prospect of an early retirement.

I can't recommend them highly enough!

- Adam (age 31)

Together let's achieve your ideal financial future

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