Case Study – Individual Client
We have a retired couple who we have set up pensions within their Self Managed Superannuation Fund. They are also entitled to Centrelink benefits.
Their son runs a business which is profitable.
With FinCare Accounting we have provided a co-ordinated tax planning and Centrelink planning advice for the family to distribute $28,000 tax free to the parents without affecting their Centrelink pension. The result is a tax saving of $10,780 to the family.
The information in this document is general advice only and it does not take into account the objectives, financial situation or needs of any particular person. You should obtain financial advice that addresses your specific objectives, financial situation and needs before making any investment/financial decisions. FinCare is a corporate authorised representative of Australian Unity Personal Financial Services Ltd ABN 26 098 725 145, AFS Licence No. 234459, 114 Albert Road, South Melbourne, VIC 3205.