Ebook - Why you don't need a financial planner
Introduction:
1. Pay your life insurance premiums out of your superannuation.
2. Pay your Permanent and Temporary Disability Insurance premiums with your superannuation funds.
3. Increase your tax return by salary sacrificing.
4. Reduce your superannuation fees.
5. Access government co-contributions.
6. Get more coverage for your life insurance for the same amount.
7. Reduce your insurance premiums.
8. Increase your Income Protection insurance as your income increases.
9. Start a regular savings plan.
10. Access your superannuation and reduce your tax bill (age 55+).
11. Invest tax effectively.
12. Consolidate your debt
13. Consolidate your superannuation funds.
14. Review your superannuation investments.
15. Buy sell insurance – cents for dollars
16. Stepped vs. level insurance premiums
17. Out of date insurance policy definitions
18. First home saver accounts.
19. Buy/Sell Agreements and The Importance of a “Business Will”
20. It is important that employers invest in the employee benefit program offered to staff.
21. Key person protection
22. The insurance risk
About the Author:
In Summary:
 
Chapter 13. Consolidate your superannuation funds.

If you have more than 1 super fund, you are probably duplicating fees.  Especially where super funds charge administration fees when you have a balance less than a certain amount such as $10,000.  So if you have 3 funds with $4,000 each, you may be paying the $70 admin fee 3 times. 

If you consolidate, you could save $210 per annum.
 
The risk here is that if you have life insurance or Income Protection insurance within one of the super funds, you will lose that insurance if you close the fund.  Ensure you understand the lost benefits of consolidating funds before making the decision to consolidate.

 

Contact Details:

770 Financial Planners Pty Ltd
Tel 1800 770 607
admin@770financialplanners.com.au
Tower 1, Suite 1402, Level 14
520 Oxford Street
Bondi Junction, NSW 2022
 
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