6th February 2023

Client money plans unpacked

Ben Nash

People don’t often talk about the full ins and outs of their money, which makes it hard to sift the good money ideas from the not-so-good ones. The below are de-identified stories from our clients showing where they were at with their money, what they chose to do after going through the financial planning process, and the financial impact of the decisions they made. 

  1. Age 38, income $300k, saving $5k per month, assets $900k – Upside $43.5k including tax saving of $25k
  2. Expat investing – couple 30’s, income $270k, saving $3k per month, savings $40k – upside $50k incl. Tax saving $10k
  3. Inefficient investing – Couple 32 & 33, income $260k, saving $3k per month, assets $370k – upside $1m yr 20
  4. 33, income $350k, assets $550k saving $10k p.a. – upside yr 1 $53k
  5. 30’s, income $80k, assets $180k, saving $2k p.a. – upside yr 1 -$6k, yr 20 $400k
  6. 42, income $110k, saving $2k/m, assets $440k – upside $25k yr 1, $1m yr 20
  7. Couple 30’s self employed income $160k, assets $700k – upside yr 1 $11k, year 20 $3.8m 
  8. Mid 20’s, income $100k, assets + inheritance $900k – yr 1 upside $61k, yr 20 $1.3m
  9. Individual early 30’s, income $200k, assets $200k saving $15k p.a. – yr 1 upside $24k, yr 20 $1.7m
  10. Couple early 30’s income $240k, assets $650k saving $10k p.a upside yr 1 $15k, yr 20 $1.2m 
  11. Couple 30s, income $480k, own home + investment property, upside $70k yr 1 – Capital gain focus to bring down tax bill from property sale
  12. Joint property ownership – income $160k, net assets $440k, saving $3k p/m – upside $50k yr 1
  13. Overspending + Employer shares
  14. Tech shares + family planning; Couple 36 & 37, income $210k, assets $4.4m, saving $1k p/m, upside $56k year one
  15. Cash stockpile + analysis paralysis; Age 35 and 38, income $320k, saving $4k/m, assets $850k, $240k super, $130k shares, $480k cash. Upside on the tactics in this one was $30k year one.
  16. Life in the way + equity unlocked; Age 41 & 43, Income $160k + $200k, saving $5k/m, assets $1.81m – Advice tactics upside on this one was over $50k in the first 12 months
  17. Retiring smarter + saving tax; Age 57, income $164k, saving $2k/m, assets $1.6m. Upside negative by $28k year one funding property purchase, but upside $1.2m over 10 years
  18. Property bubble fear + tax reduction; Age 37, income $205k, saving $2.5k/m, assets $850k. $41K upside year one, $2m+ over 20 years
  19. Holiday home + mortgage freedom; Couple 46 & 47, income $260k + $340k, saving $10k/m, assets $3m. Upside Yr 1 $82k including tax saving of $17k yr 1
  20. Lifestyle planning + share investing; Age 37, income $210k, saving $3k/, assets $850k. Upside $146k yr one including tax saving of $20,100 yr 1
  21. Dream home + tax efficiencies; Age 37 & 39, income $100k + $220k, saving $6k/m, assets $560k. Upside $41.5k yr 1 including tax saving $19k yr 1
  22. Home upgrade + investing for passive income; Individual 42, income $130k saving $1.5k/m, assets $600k. Upside $53k yr one including tax savings of over $11k
  23.  Financial frustration + trust investing; Age 38, income $300k saving $5k/m, assets $900k. Upside $76.234 including tax saving $28,514