Anyone is a Financial Planner here?(页 1) - 房地产贷款投资专区 -

Anyone is a Financial Planner here?

[font=Arial][size=3][color=#000000]Case study [/color][/size]
[/font][size=3][color=#000000][font=Arial]Kam is 58 years old. He is married to Jamie who is 40. They run a successful painting contracting business. Kam is the main income earner generating a grooss annual salary of $100,000. Jamie assists with administration earning a gross annual salary of %60,000 per annum. They have been able to structure a large portion of their personal expenses though the business for taxation purposes. Therefore, they both have relatively large surplus incomes and would like to discuss possible taxation stratigies whilst still be able to boost their long term saving plans. Kam and Jamie have two children who are finnaically independent.[/font][font=Times New Roman] [/font][/color][/size]
[table][tr][td=1,1,164][font=Times New Roman][size=3][color=#000000]Asset[/color][/size][/font]
[/td][td=1,1,164][font=Times New Roman][size=3][color=#000000]Gross Value[/color][/size][/font]
[/td][td=1,1,164][font=Times New Roman][size=3][color=#000000]Liabilities[/color][/size][/font]
[/td][td=1,1,164][font=Times New Roman][size=3][color=#000000]Net Asset Value[/color][/size][/font]
[/td][/tr][tr][td=1,1,164][font=Times New Roman][size=3][color=#000000]Home[/color][/size][/font]
[/td][td=1,1,164][font=Times New Roman][size=3][color=#000000]700,000[/color][/size][/font]
[/td][td=1,1,164][font=Times New Roman][size=3][color=#000000]200,000[/color][/size][/font]
[/td][td=1,1,164][font=Times New Roman][size=3][color=#000000]500,000[/color][/size][/font]
[/td][/tr][tr][td=1,1,164][font=Times New Roman][size=3][color=#000000]Contents/Personal Effects[/color][/size][/font]
[/td][td=1,1,164][font=Times New Roman][size=3][color=#000000]50,000[/color][/size][/font]
[/td][td=1,1,164][color=#000000][size=3][font=Times New Roman][/font][/size][/color]
[/td][td=1,1,164][font=Times New Roman][size=3][color=#000000]50,000[/color][/size][/font]
[/td][/tr][tr][td=1,1,164][font=Times New Roman][size=3][color=#000000]Cars[/color][/size][/font]
[/td][td=1,1,164][font=Times New Roman][size=3][color=#000000]60,000[/color][/size][/font]
[/td][td=1,1,164][font=Times New Roman][size=3][color=#000000]Nil[/color][/size][/font]
[/td][td=1,1,164][font=Times New Roman][size=3][color=#000000]60,000[/color][/size][/font]
[/td][/tr][tr][td=1,1,164][font=Times New Roman][size=3][color=#000000]Total[/color][/size][/font]
[/td][td=1,1,164][font=Times New Roman][size=3][color=#000000]910,000[/color][/size][/font]
[/td][td=1,1,164][font=Times New Roman][size=3][color=#000000]200.000[/color][/size][/font]
[/td][td=1,1,164][font=Times New Roman][size=3][color=#000000]610,000[/color][/size][/font]
[/td][/tr][tr][td=1,1,164][color=#000000][size=3][font=Times New Roman][/font][/size][/color]
[/td][td=1,1,164][font=Times New Roman][size=3][color=#000000]Owner[/color][/size][/font]
[/td][td=1,1,164][font=Times New Roman][size=3][color=#000000]Value[/color][/size][/font]
[/td][td=1,1,164][font=Times New Roman][size=3][color=#000000]Earning Rate[/color][/size][/font]
[/td][/tr][tr][td=1,1,164][font=Times New Roman][size=3][color=#000000]SMSF[/color][/size][/font]
[/td][td=1,1,164][font=Times New Roman][size=3][color=#000000]Kam 50%[/color][/size][/font]
[font=Times New Roman][size=3][color=#000000]Jamie 50%[/color][/size][/font]
[/td][td=1,1,164][font=Times New Roman][size=3][color=#000000]500,000[/color][/size][/font]
[font=Times New Roman][size=3][color=#000000]200,000[/color][/size][/font]
[/td][td=1,1,164][font=Times New Roman][size=3][color=#000000]Invested in cash 3%(net after tax)[/color][/size][/font]
[/td][/tr][tr][td=1,1,164][font=Times New Roman][size=3][color=#000000]Cash[/color][/size][/font]
[/td][td=1,1,164][font=Times New Roman][size=3][color=#000000]Jamie[/color][/size][/font]
[/td][td=1,1,164][font=Times New Roman][size=3][color=#000000]50,000[/color][/size][/font]
[/td][td=1,1,164][font=Times New Roman][size=3][color=#000000]ING Cash Maximiser 5.75%[/color][/size][/font]
[/td][/tr][tr][td=1,1,164][font=Times New Roman][size=3][color=#000000]Shares[/color][/size][/font]
[/td][td=1,1,164][font=Times New Roman][size=3][color=#000000]Kam[/color][/size][/font]
[/td][td=1,1,164][font=Times New Roman][size=3][color=#000000]120,000[/color][/size][/font]
[/td][td=1,1,164][font=Times New Roman][size=3][color=#000000]3% dividend[/color][/size][/font]
[font=Times New Roman][size=3][color=#000000]4% growth[/color][/size][/font]
[/td][/tr][tr][td=1,1,164][font=Times New Roman][size=3][color=#000000]Total[/color][/size][/font]
[/td][td=1,1,164][font=Times New Roman][size=3][color=#000000]T[/color][/size][/font]
[/td][td=1,1,164][font=Times New Roman][size=3][color=#000000]870,000[/color][/size][/font]
[/td][td=1,1,164][color=#000000][size=3][font=Times New Roman][/font][/size][/color]
[/td][/tr][/table][color=#000000][size=3][font=Times New Roman][/font][/size][/color]
[font=Arial][size=3][color=#000000]Kam and Jamie’s super benefit is comprised of 50% tax free component and 50% taxable component.Tax effective strategies to reduce income tax payable whilst increasing overall net wealth.Kam wans to permanetly retire when he turns 60. One of their childeren will take over the business.Although kam will retire, Jame will continue to work on a part-time basis with the Son to assist. This could provide around $20,000 on an after tax basis.Their son will pay them $100,000 per year over 5 years for the business once they retire. Kam and Jamie aremore than happy with this but arenot sure what they would do with this money(assume the amount paid is net of any capital gains taxese etc)They have deliberately taken SURPLUS annual gross pretax income of 70,000 for kam and 30,000 for Jamie.Reasons: given the business succession plan they have in place with their son. It has been agreed Kam and Jamie can maximise their income to maximise the overall payout value they receive from their business and they would like to put in place tax effective strategies to maximise wealth accumulation in the time left to retirement.[/color][/size]
[size=3][color=#000000]Negative gearing has been rejected by Kam and Jamie as they will only be generating these levels of income for 2 years. They would like to take advantage of the Government Co-contribution Scheme if possible. Kam and Jamie have identify they would like to upgrade their car (25,000)and take a holiday(10,000)when kam retires.They estimate they will require 4000 per month after tax in when they retire(in today’s dollar) They would like to retain access to a majority of their capilta in retiremenet in the case of emergencyPlease ignore investment earning over the 2 years until retiremenet, Hence the final super benefits when Kam turns 60 will equal the existing balance PLUS contributions recommonded/[/color][/size]
[color=#000000][size=3][/size][/color]
[b][color=black][size=3]For Salary Sacrifice/Contributions lmiteds allowed(describe how much you would advise them to salary sacrfice, how much contributed, what inpact will have on their cashflow, how composition of their superannuation benefits will be altered.please provide final values over the two years left,[/size][/color][/b][/font]
[font=Arial][b][size=3][color=#000000][/color][/size][/b]
[b][color=black][size=3]Co-contribution Scheme (describe how much kam and jamie should ontribute in order to maximise their benefits under the scheme, what impac this will hav eon their cashflow, how composition of their super benefits will altered.[/size][/color][/b]
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[b][color=black][size=3]Annual Lump sums paid by son( 100,000 after tax each year for 5 years)[/size][/color][/b]
[b][color=black][size=3]Describe how you would advise them to contributethese funds to super, including any limits on how much can be contributed and how composition of their super beneift altered.please provide fianl values over the two years to kam reaches age 60[/size][/color][/b]
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[b][size=12pt][size=2]Income stream for Kam when he turns 60.(please provide a recommendation as to which incme stream product kam should commence, what level of income he should receive based on the account balance he will have at age 60(taking into account that jamie will be working part time) and the tax implications of the income stream[/size].[/size][/b]
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[b][size=3]Does anyone know how to answer this??Please help me, PLEASE PLEASE PLEASE[/size][/b][/font]