Success Planning Pty Ltd in Gold Coast, Queensland | Financial planner

Success Planning Pty Ltd

Locality: Gold Coast, Queensland

Phone: +61 416 033 633

Address: PO BOX 3917 Robina Town Centre 4230 Gold Coast, QLD, Australia

Website: http://www.successplanning.com.au

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• Financial planner
• Estate planning solicitor
• Insurance broker

25.01.2022 With successive governments reducing the maximum amounts we can contribute to super and simple calculations showing us that we'll need more than just the mandated employer contributions to fund retirement, one should ask, "What else can I do?". Fortunately you do have a few solutions but as everyone is different, you'll need advice to see what's best to achieve your retirement goals. Contact us now to find out how! http://blog.cpal.com.au/realiseyo/superannuation-failed-us/

25.01.2022 This is written by a colleague of mine so the age mentioned isn't quite me but the philosophy is the same for everyone...contact us today to see how we can help you! I have been back at work for just over a week and I’ve enjoyed my Christmas New Year break immensely. In fact, probably a little too much as it did take all week to adjust my mind and life once again to the rigours of a working week. For example, no longer am I able to take a small nanna nap in the afternoon. To ...overcome the need for this adjustment, there is, of course, the Powerball jackpot. No doubt, like me, a huge number of people are dreaming of starting the year off with a bang by winning the 100-million-dollar jackpot. The chances of winning this jackpot are 1 in a 135 million, as opposed to the chances of being struck by lightning which is far better at 1 in 12,000. However, regardless of the odds and the fact I have no control over the result, I will invest some money and buy a ticket and dream. At this time of the year, New Year’s resolutions are also a very common factor in people’s lives. I have never been big on making New Year’s resolutions, only because I can be a little weak-willed and find that within a couple of months I have broken them and fallen back into the habits I had committed to break. However, there is one resolution every year which I do not break, and this is an important one at my age, my commitment to growing the balance of my superannuation. At the beginning of every year, I look at the balance of my account and then budget for the following 12 months working out how much I am able to salary sacrifice on top of my SGC and how much I can contribute post-tax. At the end of the year regardless of how the markets have performed, I do feel a sense of achievement if I have been able to meet the targets I set myself at the beginning of the year. At the age of 62 and with an ambition to retire in a few years, this is one resolution I do not break. I should mention that of course, this does not consider any changes in the legislation because of the government’s budget, which will be bought down on April the 2nd instead of the usual date in May. Nothing suspicious about the change of date, it is more to do with a federal election which will be held on either the 11th or 18th of May. So, I do urge you all to make one New Year’s resolution in relation to your superannuation and retirement savings commit to it. Ensuring that when you to decide to leave work and drift off into the sunset you can do so in style, without having to worry about winning Powerball.

23.01.2022 The infographic is a break up of claims paid from a single insurer in 2018. Astonishingly 55% of all income protection claims are for those under 45. Yes, right when you have a mortgage and kids all needing every spare dollar. If we look at the stats closer we see that not only is it no good being male for anything but more interesting was the almost 50/50 split for life cover... paid pre/post age 55 and the 67-84% claims paid range for the living insurances for those under 56. Whilst I find it somewhat bewildering that just this insurer paid almost $1b in claims, others paid more! Contact me directly on 0416 033 633 to make free insurance review appointment or better still go to our website www.successplanning.com.au and you can book yourself in at any time.

23.01.2022 Whilst I've always worn a hat, especially when my hair decided to retire about 25 years ago, I did not win the genetic lottery on conception (my older brother got the brown skin & thick hair and I seemed to have got what was left!). What started out as an itchy spot & scared me beyond belief when I went to see the doctor about it could have ended so much worse as it does for a lot of people. A Squamous Cell Carcinoma on the historical crown hairline removed and stitched up go...t me thinking about my own morbidity, mortality & what I could do to protect my family financially if it was a dreaded melanoma. A lump sum trauma insurance policy could, upon diagnosis, pay out debt, provide for out of pocket medical expenses and extra living expenses whilst I had treatment thus allowing me time with my kids & to concentrate on the recovery. If you're concerned about your family's financial future should something like this happen to you, contact Success Planning today on 0416 033 633 or [email protected] to arrange a complimentary insurance review appointment. See more

23.01.2022 What does the election result mean for our super? Against the odds and the predictions of both pre-election polling and the commentary of so many media experts, the Coalition looks set to return to government following the 18 May Federal Election. This result was not expected, and I am sure many readers were preparing for significant changes to tax, and to their superannuation....Continue reading

23.01.2022 One of the great advantages of having a SMSF is that the fund is able to buy your business premises, and then lease the property to yourself (or the company or ...trust that conducts your business). If you (or your company or trust) already own your business premises, you can sell the property to your SMSF but only after obtaining professional advice & following the rules. http://ow.ly/HjIJ30et6mH

23.01.2022 Today is my 16th wedding anniversary and whilst we have our moments my wife knows she's the one I want to annoy for the rest of my life. My wife is the beneficiary of my superannuation & life insurance but even though we have no skeletons in the closet, every anniversary I take the time double check that the beneficiary nomination is 'Binding' on the trustee as the majority of super funds only honour it for 3 years (unless in limited products a non-lapsing option is available with your superannuation trust deed options). Take the time now to diarise a significant date for yourself or better still contact Success Planning Pty Ltd and we'll investigate it for you.

22.01.2022 Due to a family tragedy we have not posted in a while. Whilst we dealt with this we have spent considerable time thinking about our kids and their future. This article by my colleague tries to explore how retirement might look for us and our kids. http://blog.cpal.com.au//tree-change-sea-change-stay-big-/

22.01.2022 The following article was written by a colleague of mine and covers some very simple strategies everyone can use for financial 'self-help'. It also touches on some ideas from the Barefoot Investor and others. Enjoy, Sean https://blog.centrepointalliance.com.au//financial-self-he

21.01.2022 Is your bank better covered than your family? When you purchase a house, you’ve got a lot invested in it. And so does your bank. But who will be looked after first if something happens to you? Bank guarantees and mortgage insurance are great for protecting the bank’s interests. But what about the people you really care about your family? Getting the right income replacement cover can make all the difference when it counts helping your family cope financially if you can no longer work. To make sure you’ve got the cover you need, contact my office now to make a time to review your situation

20.01.2022 There's some interesting numbers in this video from CommInsure that really make you think but I'm not sure who's having my allocation of alcohol, cigarettes and ice-cream! https://vimeo.com/334577612

18.01.2022 Unfortunately making superannuation contributions in the last week of the Financial Year is often results in unintended taxation consequences. This article highlights some areas and how they can be improved. Contact us now so we can advise you how! http://blog.cpal.com.au//planning-making-super-contribut/

18.01.2022 Age is one way traffic unfortunately and Aged Care is becoming a specialised field of financial advice and the terminology is another thing again. What is a RAD and why doesn't everyone have to pay it? This article starts to explain the processes and limits. If you need more explanation or assistance please contact us now to run through your unique scenario. http://blog.cpal.com.au/real/aged-care-accommodation-costs/

17.01.2022 This morning in a meeting we touched on 'Gifting' a property to the next generation in return for a life tenancy. This short simple article by my colleague explains it a little further. If you want further information or advice on this contact us now to find out how!

17.01.2022 The End of Financial Year is Coming Fast This year, the last day of the financial year will be next Sunday. Just how quickly has the last year gone? Some of the notable events of the year included:... -Malcolm Turnbull replaced by Scott Morrison as Prime Minister -A Royal Commission into Aged Care Quality and Safety was announced -Tabling of the final report of the Banking, Superannuation and Financial Services Royal Commission -Federal Budget was brought forward to April 2019 -Federal Election saw the unexpected return of the Coalition to Government -New education requirements for financial advisers commenced. So, as we head towards the end of June 2019, what are some of the things we need to be thinking of? Superannuation this week will be the last opportunity to make contributions to super in 2018-19, particularly if looking to: -Receive the Government co-contribution -Claim a tax deduction for personal contributions -Take advantage of the Low-Income Superannuation Tax Offset -Making contributions for a spouse in order to receive the spouse superannuation tax offset -SMSF using a contribution reserving strategy if planning to make double concessional contributions to a SMSF this month, ensure all the correct paperwork is in place to avoid creating an excess concessional contribution. -Life insurance those readers that hold life insurance through their super may find that, commencing 1 July 2019, your insurance may be cancelled if your fund has not received a contribution or rollover in the past 16 months, or an election has not been made to retain the insurance cover. -Splitting super contributions up to 85% of concessional contribution may be split with an eligible spouse. This week is the last opportunity to request a split of contributions made in the 2017-18 financial year. -Pensions if receiving a pension from a super fund, and particularly from a self-managed super fund, check to ensure the prescribed minimum income has been paid for the 2018-19 financial year. Failing to make the minimum pension payments may have undesirable tax consequences. -Tax deductions if planning to claim a tax deduction for post and pre-paid expenses, ensure payments have been made and supporting documents such as receipts and statements are retained to support the claims. As one financial year draws to a close, it is also an appropriate time to snuggle up out of the cold and review our expenses over the past year. This can be particularly useful when preparing our household budget for the next financial year. Look for opportunities to save money and make 2019-20 the financial year the year for eliminating short-term debts like credit cards, buy now-pay later arrangements, personal loans, and the like. What is your financial objective for the next financial year? If you don't have a financial objective or need help achieving it, contact Sean Robbie ASAP on 0416033633 or [email protected] Feel free to leave a comment.

16.01.2022 I just got a confusing letter from my super fund...... In May 2019, superannuation fund trustees started writing to selected members of their funds informing them the insurance cover held in their super account may be cancelled. This can have serious consequences for fund members if not addressed promptly. The action being taken by the super funds is as a consequence of legislation that was passed by the Parliament in February 2019.... Where an individual has a superannuation account, and contributions or rollovers have not been received in the previous 16 months, the account is treated as being inactive. The February legislation now requires that superannuation fund trustees cancel the insurance cover held in inactive accounts, unless the member has elected to retain the insurance. What does this mean? Super fund trustees were required to conduct a review of all members of their fund as at 1 April 2019, and identify those members that had not made contributions or arranged for other super benefits to be rolled into their account, in the previous six months. That is, contributions had not been received since 1 October 2018. Where accounts identified in the review include insurance, the super fund was required to write to each member informing them that the insurance cover would be cancelled once a period of 16 months of inactivity has elapsed. Cancellations are to commence from 1 July 2019. In order to retain the insurance cover, a number of options exist. You can: Make a contribution or arrange for other super benefits to be rolled over to the account before the 16-month period elapses, or Write to the super fund informing them that the insurance is to be retained. If you have received a letter from your super fund informing you that your account has not received contributions or rollovers within the past six months, there is a risk that your insurance may be cancelled as early as 1 July 2019. Your need to take the following steps: Review your insurance cover to determine if you still need the cover, If you do, then either: make a contribution to your super fund, arrange for other super benefits to be rolled over to your account, or make an election, in the form provided by your super fund, indicating that you wish to retain your insurance cover. Better still, contact Sean Robbie (Mob 0416033633) a licensed financial adviser and arrange to have a formal review of your insurances carried out. If you receive a letter from your super fund advising that your account is likely to become inactive, don’t ignore the letter. If insurance cover is cancelled, it may be difficult to replace the cover where it is needed.

15.01.2022 A huge congratulations to Simone Wiseman , who won "lot 64" at today's Mudgeeraba State School Spring Fair : a bottle of Moet, complimentary review appointment & standard financial plan. Success Planning has another "lot" to give away at the end of the QLD school holidays, for any new Facebook 'like & follow' for the Success Planning page! So click the link below, 'like & follow' the page and share this post with your friends! Success Planning Pty Ltd

14.01.2022 Each year on 1 April, the premiums for private health insurance increase. It is just part of the annual cycle; however, I don’t see the joke the date being April Fool’s Day! This year there is going to be a lot more than premium increases happening in the private health insurance world. In late January I received an email from my private health insurer pre-empting some of the changes that I would be seeing. This prompted me to start to do a little research.... The Australian Government is making changes that will impact on the cover held by members. The changes have been described as the most significant to private health insurance in 20 years Not only are significant changes being made to the way hospital cover is structured, but a number of ‘extras’ type items are being removed. This is mainly in the realm of natural therapies things like naturopathy, homoeopathy, pilates, reflexology, yoga and the like. In order to try and simplify the comparison of cover between health insurers, hospital cover will be categorised as ‘basic’, ‘bronze’, ‘silver’ and ‘gold’. Naturally, the gold cover will offer the broadest cover and will also be the most expensive. The basic policies will cover very little indeed. These have previously been described as ‘junk policies’. That is policies that allow people to avoid paying the Medicare surcharge, but which offer very little cover at all. Bronze policies will cover 18 categories of services in a private hospital including breast, skin and prostate cancer surgery, broken bones, joint reconstruction (but not joint replacement), and ear, nose and throat surgery. The next level up is the silver level. This will cover all the services offered under the basic and bronze cover levels plus an additional 8 categories of cover including heart surgery, surgery for lung cancer, bone marrow transplants and medically necessary plastic and reconstructive surgery. The ‘Rolls Royce’ of hospital cover will be the gold level. If you are planning on having a baby, and you want the expenses covered by your private health insurance, the ‘gold’ policy is the one you will need. Private health insurance has always been a bit of a ‘dark science’. For many of us, selecting the cover we think is appropriate for our needs is a bit of a stab in the dark. We sign up and hope like mad that if we ever have a claim, our private health insurance will cover us. The sad reality is, this is not always the case. So, if you have private health insurance, or are thinking of taking it out, spend a little time exploring the options, and how your cover may change from April this year. For more information, particularly in relation to the changes to hospital cover, have a look at the following link: Health Insurance Reforms April 2019.

13.01.2022 Whilst I think the most important insurance is Income Protection/Replacement, all insurance purchases are based on the same fundamentals of shopping around, being truthful and getting it in place before you need it. Contact us know to see how we can do the 'running around' for you and use our 20+ years of experience to get you the best deal. http://blog.cpal.com.au//insurance-protecting-what-you-ha/

12.01.2022 In today's 'Thursday thought' we'd like to show that over 70% of income protection claims for manual workers come from 2 areas-Accidents & musculoskeletal issues. Almost all industry & employer super fund insurances do not pay an accident benefit from day 1. We'd like to get this cover for you whilst still having your super pay for the cover. Contact Success Planning now to find out how! Image & stats responsibly sourced from Asteron Life.

11.01.2022 Does your super fund have a Binding Death Benefit Nomination of Beneficiaries? Have you used it or does the fund's trustee have discretion whom to pay it to? Unfortunately trustee decisions don't always reflect our wishes after death & certain assets do not form part of an estate. We can help you understand and plan. Contact Success Planning now to find out how! http://www.news.com.au//n/b5a10d85a93c3e9c7a31f32dddaf96a9

10.01.2022 When I meet someone socially I'm normally asked 'What should I invest in?' to which I reply, "What are you trying to achieve?". After a sometimes blank stare I try to explain that Financial Planning is not limited to just picking an investment & I'll need a deeper understanding of where they now are and where they want to be. This article was written by a professional colleague and mentor of mine who has a lifetime of financial experience. I'm proud to have been associated with him for over 20 years and gives a great insight into the fact that everyone has different needs, goals and objectives. What are yours? Contact Success Planning Pty Ltd to make your first step today!

09.01.2022 Whilst I'm sure everyone had a cup of tea or something stronger to sit down and watch the budget announcement on Tuesday night, I have posted an infographic to summarise the major announcements for your easy reference. I'm sure you're happy that the budget is projected to be back in surplus-finally! If you have any questions about how they relate to your circumstances please contact me to discuss or better still, go to our website www.successplanning.com.au and you can book in an appointment at your convenience. Looking forward to the budget reply tonight!

09.01.2022 If you are relying on the Workers’ Compensation scheme as adequate cover against becoming disabled, you may be compromising the financial wellbeing of your family. It’s not an all-purpose income protection cover as most illnesses and injuries occur outside the workplace. It does not cover you if you are self employed. 75% of injuries in Australia happen outside of work# and from those that do suffer an injury at work, 36% do not receive any financial assistance*. Over 2.6 ...million Australians aged under 65 are living with a physical disability^, with many including conditions like cancer, stroke, heart disease and depression that in most cases will not be covered by Workers Compensation. Income Protection cover can pay benefits of up to 75% of your income (+ Super) to help you and your family meet the cost of living if you are injured or ill. It is usually tax deductible, provides 24/7 cover, and whether the illness or injury happens at work is irrelevant. There are other types of cover that you may wish to consider too, such as Critical Illness cover and Total & Permanent Disability. All are designed to help you financially if you can’t work due to illness or injury. # AIHW (2008) Australia’s health 2008, Cat. no. AUS 99, Canberra *Australian Bureau of Statistics, Work-Related injuries 2009 2010. ^http://www.abs.gov.au/ausstats/[email protected]/mf/4825.0.55.001/ accessed on 30 August 2012.

08.01.2022 Many of our Income Protection claims are for mental health issues. In this article, Alissa Camplin shares some simple but effective ideas for creating positive mental health habits.

08.01.2022 One of my favourite movies was & still is The Castle. My 6 year old refers to our home as Our Castle but I think he's been influenced by 'Dad'. So what would we do if we didn't have a full family including animals living here? Downsize as per Scott Morrison's suggestion? Well the answer is 'It depends' on our stage of life, goals, objectives and any need to free up capital or maximise any pension payments. Contact us now to discuss your needs or that of your loved ones! http://blog.cpal.com.au/realiseyourdream/not-house-home/

07.01.2022 Almost all clients start planning for retirement later than they should to achieve their retirement lifestyle goal. Notwithstanding that, I'm yet to meet a client in their early 20's who wants talk about their retirement. So when should we start planning? http://blog.cpal.com.au/r/really-start-planning-retirement/

07.01.2022 Most people wouldn't even think about getting car insurance before driving a new car off the lot or getting house & contents insurance when moving into a new home. Unfortunately when it comes to one's greatest asset, the ability to earn income, there isn't the same take up which in some cases leads to no income coming in to pay for these other insurances or even to repay the loan for the car or house. This pic shows the cost v payout of different types of insurance and was responsibly sourced from CommInsure. Contact Success Planning now to find out how we can help.

06.01.2022 As we get on with our lives (and careers) our kids grow up, move out hopefully and our thoughts are directed to a comfortable retirement. But what really is a comfortable retirement? An amount of income? An easier lifestyle? An extra blanket on the bed or spending our winter in Tuscany? http://blog.cpal.com.au/realiseyourdream/

04.01.2022 So, what did this year’s budget have to offer? With a federal election clearly in the wind, the budget contained a little bit of something for almost everyone. However, some of us will have to wait.... http://blog.cpal.com.au/r/the-budget-what-does-it-all-mean/

03.01.2022 Congratulations Katrina Bell! You are the winner of our School Holiday Giveaway! 1 x Bottle of Moet 1 x complimentary review appointment 1 x standard financial plan... Please send us a message to arrange to collect your prize

03.01.2022 Ask almost every super fund and they'll tell you it's beneficial to consolidate any other 'super funds' to their one but by not getting advice you'll do it at your own peril. All to often I've seen client's do a super consolidation and lose huge amounts of insurance benefits that could have been preserved or transferred to a stand alone option. Unfortunately it happens after a health change and getting new insurance isn't available or too costly. Contact us today to get advice on super consolidation and exploring options to preserve your insurance death & disablement benefits!

02.01.2022 Lost and Found Where is your super? The Australian Taxation Office (ATO) administers lost and unclaimed superannuation. As of 30 June 2018, the ATO were sitting on around $17.5 billion of lost and unclaimed superannuation. When a member of a superannuation fund becomes lost, or their super benefits are unclaimed, the money is transferred to the ATO....Continue reading

02.01.2022 This is something that unfortunately is one my mind from time to time. Whilst I can't really appreciate the fact that our kids will grow up and move out at some future point I'm already thinking about how they are going to be able to afford housing at that time! http://blog.cpal.com.au/realis/helping-kids-housing-market/

02.01.2022 Do you have a Specified Injury Benefit with your Income Protection insurance? If you are covered with your industry or employer super the answer is 'No'. However with the use of 'flexible linking' you can have non-super benefits linked to your super benefits without any double up of cover and the minimal cost is tax deductible. This week I did a claim on this benefit for a client that paid him $60,000 and even though he was off work, the policy waiting period isn't applied. Contact us now to ask us how!

01.01.2022 I often get asked when is the best time to get or review one's life insurance portfolio (including Income Replacement) and the answer is simple, upon major life changes for you or those close. A quick, simple guide would be: - Taking on or rearranging debt (buying a first home or upgrading) - Getting Married (Spouses are financial dependents of each other) - Starting a Family (Children are now considered financial dependents for 16 - 50+ years!) - Starting a new job (Usually ...higher income, greater borrowing capacity & possibly even borrowed to start or buy a business) - A close friend or family member has had a health event which causes a rethinking of one's own affairs should the same thing happen to you. By all means not an exhaustive list so please send me a message or contact me directly ([email protected]) to arrange a no obligation review.