Getting financially organised

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Most people would agree that it is important to be financially organised. For one reason or another, this is rare to see. We learned that is not because people don’t want to be organised it’s that they lack the time, skill and knowledge to make it happen and then to keep reviewing their financial situation.

Mr and Mrs Barrugia* operate a successful crash repair business.

In our initial meeting, we learned that Mrs Barrugia had numerous super funds that she had lost contact with since changing employers.  Apart from investigating and amalgamating these funds into a new, cost effective and flexible account, we were mindful of maintaining the existing insurance benefits because of her personal circumstances.  Mrs Barrugia was quite surprised how much she had in superannuation after combining her inactive accounts.  Our persistence in retaining the insurance cover was very important because she couldn’t qualify for cover due to health reasons.

We also were able to demonstrate how the couple could make super contributions and utilize their self-managed super fund to purchase commercial property for their business.

*Our clients’ real names are protected by our privacy policy, of course.