Financial Planning

Mattax Accounting has developed a strategic alliance with Christian Scala, Financial Planner and Principal at WealthCo Advisory. Christian is a Certified Financial Planner (CFP) and can assist you with the full range of Financial Planning services. We will work together with yourself and Christian to help make the management of your financial affairs as seamless as possible.

Why do you need Financial Planning Advice?

Financial advice can help you make better decisions about your financial future at any stage in your life. You work hard so why not make sure your money is working as hard as you are?

The value of good financial advice isn’t exclusive to ‘the wealthy’. We all have the potential to build financial independence. A skilled Financial Adviser could help you reach that potential and put thought into action, especially if you tend to put things off. Some of the areas where Christian can help include:

Protecting your Family’s Assets and Income

Life takes twists and turns that we can’t always see coming. That’s why it’s so important that we are prepared for life’s emergencies. You don’t want to leave it to chance. Having the right insurance cover in place can help protect your family and your income if the unexpected occurs. Christian has access to a large range of insurers and he can tailor your wealth protection plan to suit your circumstances. He will make the insurance process as simple as possible and help you get the right cover to protect you and those you love with a financial safety net in the event that the unexpected occurs.

Maximise your Superannuation and Investments

Superannuation, often called super, is a way to save for your retirement. You build up super while you are working to make sure you can have a comfortable retirement. Super is a tax-effective environment for your money. The account is held in your name, and both you and your employer can deposit money into your account. Your money will attract investment earnings, and when you reach your ‘preservation age’, you are able to start drawing on these funds.

Christian can help you:

  • Determine whether a self-managed super fund (SMSF) is right for you.
  • Consolidate your super funds and help you save on fees
  • Identify investment options tailored to your goals and risk profile
  • Review your concessional and non-concessional contributions to super
  • Identify strategies to help boost your superannuation
  • Enjoy the benefits of salary sacrifice
  • Understand your insurance options within superannuation
  • Determine if you have the correct beneficiary nominations in place

Help to Retire with Financial Independence

Retirement means different things to different people. For some, traveling around in Australia in a caravan is a life-long dream, but for others flying at the pointy end of the plane and staying in 5-star hotels is more how they see life after work. Or perhaps spending more time with the grandkids or volunteering in your local community rate high on your list of retirement goals. We all have different ideas of what the second half of our lives looks like and that’s why planning for your retirement is so important.

Christian can help you:

  • Identify your retirement goals and determine if you are on track to achieve them or put strategies into place to ensure you do
  • Put plans in place to make your money last in retirement
  • Determine how to maximise your cash flow in retirement including access to the age pension
  • Review your estate planning strategies

Manage your Cash Flow and Debt Better

Borrowing money is easy these days and that’s why it’s even easier to get into debt. But, not all debt is bad debt. Having a debt and cash flow management plan in place and understanding the difference between good and bad debt could help you make better financial decisions. Christian can recommend a debt management plan to help you pay down your bad debt whilst using good debt to build long term wealth.

Protecting the Value of your Business

We all end up moving on from our business at some point. Exit and succession planning is about maintaining control over how and when you leave and on what terms. Whether your business is structured through a partnership, company or trust, few have effective mechanisms in place for the transfer of equity and/or control.

In conjunction with Mattax Accounting, Christian can help to set up a properly structured Buy/Sell Agreement. These agreements can be funded via appropriate insurances between business partners to provide revenue and ownership protection to the business so it can continue operating if an unexpected event occurs.

Transferring your assets upon Death Tax Effectively

Estate Planning gives you the peace of mind that the people you care about are looked after if something happens to you. You should consider estate planning if you have assets, whether it’s a house, superannuation, investments and/or a business. More than just a Will estate planning helps you arrange your assets so that your life savings end up in the right hands, at the right time.

In conjunction with a qualified legal professional, Christian can help you:

  • Ensure your Will is current and properly drafted
  • Set up Enduring Powers of Attorney
  • Reviewing if a Testamentary Trust is appropriate for your situation
  • Finding the most tax effective manner of passing your assets onto your loved ones (beneficiaries)

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