HEALTH-LIFESTYLE-INCOME-ASSETS-LIABILITIES-RETIREMENT

Services

Our linking Advice Process

Paradigm Principle provides holistic financial solutions across a range of advice areas. We recognise that everyone is different and provide tailored advice to suit your needs.

We also offer ongoing service solutions, from basic through to premium for those with more complex situations or simply wanting an in-depth relationship with their Financial Adviser.

Areas of Specialisation – we provide a holistic service covering all aspects of your life

Our Services include:

Superannuation

Retirement Planning

Personal Insurance / Wealth Protection

Debt Reduction and Minimisation

Wealth Creation

Estate Planning

Business Succession Planning

Aged Care

Centrelink / Government Entitlements

Superannuation

Most people appreciate that Superannuation is an investment designed to provide money for your retirement. Did you know that by the time you are ready to retire, your superannuation may be one of your largest assets? Therefore it is essential to address a retirement strategy that is appropriate for your current wealth, future goals and aspirations. Superannuation is one of the most tax effective way to create wealth and with constantly changing legislation, it is important to make time for regular reviews to ensure you are fully aware of potential opportunities.

Retirement Planning

Retirement is one of the most exciting times of your life; however careful planning and consideration is required to ensure you are able to retire in the comfort you desire. No matter what stage you’re in, retirement should be on your mind. Those in their younger years should be aware of the many tax effective strategies that can be undertaken well before retirement is on the horizon. For those nearing the end of their working life, Transition to Retirement strategies and Salary Sacrificing can be utilised. And of course once retired, it’s vital to manage your savings in the most beneficial way possible.

Personal Insurance / Wealth Protection

Everybody wants to protect their loved ones and insurance can provide peace of mind if the unfortunate were to happen. Your ability to produce an income is central to your financial affairs. How best to manage, protect and invest your income can be advised via the Paradigm Principle team.

If you have existing arrangements in place we will assess them and consider if the level and type of cover is still appropriate and cost effective for your needs. As your needs change, we can review your Risk Insurances to ensure you have a solution that best suits you.

Debt Reduction and Minimisation

Debt Management is an important consideration in managing your financial affairs. Whilst some debt is classified as good debt, other debt can have disastrous consequences. As we are all aware, there are numerous costs associated with daily life and your home. A detailed budget and strategy will enable you to make the most of your money.

Wealth Creation

Wealth creation involves setting clearly defined and realistic goals, then devising a strategy that will help achieve those objectives. Your lifestyle, goals and future requirements all play a large role in determining a strategy that is specific to each individual’s situation. Investments form an important part your financial plan and may include a wide range of investment types including income producing investments, such as term deposits, through to growth investments, such as shares and property.

At Paradigm Principle, we will develop a tax effective plan and an asset allocation strategy (i.e. the % of shares, property, bonds and cash) that is personal to your individual circumstances. This will take into account the length of time you will be investing and your willingness to accept volatility in your investments to achieve your overall goals.

Estate Planning

Estate Planning is a complex area that requires special consideration to ensure your assets are passed on in accordance with your wishes in the most tax effective manner.

Paradigm Principle will liaise with external estate planning experts to ensure that your personal succession and wealth transfer incorporates strategies that involve effective investment planning (including wills, enduring powers of attorney and charitable trusts), tax optimisation and asset protection.

Business Succession Planning

Small Business Planning is an essential area for any successful and forward thinking business. With so much emphasis and time devoted to running a business day-to-day, it’s important to step back and develop strategies, as well as protecting yourself and employees. Key areas to consider include: key man insurance, business protection insurance, asset protection, self managed superannuation funds etc.

Aged Care

There is a growing trend to address the need for sufficient funds during retirement; yet many overlook Aged Care requirements.

For many, the first experience is when parents or in-laws experience unexpected health issues and suddenly require alternative living arrangements, such as hostel or nursing home accommodation.

What is an emotionally stressful time is compounded by the fact that financial challenges arise.

Paradigm Principle can help you arrange appropriate structures and investments to fund the level of care required for aged family members.

Centrelink / Government Entitlements

Paradigm Principle can assist you with strategies and advice to ensure you receive any Centrelink entitelements, such as: Age or Disability Support Pensions; Widow Allowance; Family Tax Benefit; Newstart Allowance etc. With so many changes and regulations, it is worth seeking financial advice to ensure you take advantage of any opportunities.

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