logo

Financial Planning Assignment (Doc)

   

Added on  2020-10-23

10 Pages2151 Words141 Views
Financial Planning

INTRODUCTIONThe given report is going to make provide some solutions to a couple who are going tomarry soon. Here, for this purpose an interview is taken to clients- Steve and Amy to analysetheir goal related to wedding and honeymoon as well as problems they are facing to achieve thesame. For this purpose, a financial plan that includes entire recommendations with somealternatives are provided. Current situation Your personal profileSteven HoltAmy SambergDate of birth27 January 199312 May 1992Current age26 years27 yearsMarital statusDe-factoDe-FactoResidency Status AustralianAustralianResidential address1/15 Surf Street, Mermaid BeachQLD1/15 Surf Street, Mermaid BeachQLDTelephone0411 003 1570432 013 503Email addressSteven.r.holt@hotmail.comAmyD123@gmail.comEmployment statusDetective withinQueensland PoliceOffice Manager atHKY AccountingDependentsCurrent age & date of birthNo No Your healthSteven HoltAmy SambergCurrent healthHealthyHealthyPre-existing medical conditions?NoNoMember private health fund NoNoSmoker?NoNoFamily history considerations?Depression on father’s sideHeart issues on mother’s sideLifestyle Assets OwnerValuee.g. house, cars, home contents etc2 car around around $32,000Home contents around $25,000Subtotal$57,0001

Financial Assets – Non-SuperOwnerValuee.g. bank accounts, shares, rental property, managed funds etcBank savingaccount$13,500Rental Home $450,000Subtotal$463,500Financial Assets – SuperOwnerValueProvide details of any superannuation fund(s) heldQ super funds$35,000Sunsuper $2,500Australian super$26,000Subtotal$63,500Assets Total$584,000LiabilitiesOwnerLimitAmountoutstandingInterest rateRepaymentProvide details of any liabilitiesCredit card$6000$150018%$850 Liabilities TotalNet Worth (Assets – Liabilities)$xClientIncome$Income source e.g. salary / wages, dividends, rental income etc$85000 + 12%super per year +15,000 overtime$60000 + 9.5%super per year Income Total175,900Expenses – N/A for this assignment Estimated Cash Surplus / (Deficit) per month$xINSURANCEOwnerInsuranceTypeInsuranceProviderBenefitAmountWaitingPeriodBenefitPeriodPremiumse.g. client’s e.g. income 2

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
File Note – Statement of Advice
|10
|3227
|165

Financial Planning 1
|7
|1524
|203

Financial Planning for Brendon McDougall
|9
|1455
|117

Financial Planning for Brendon McDougall
|10
|1878
|194

Financial Planning Fundamentals
|10
|1101
|85