Personal Financial Planning is a key service provided by PKF as it aims to protect and maximise the personal wealth of our clients.
An increasingly distinctive feature of PKF is that in each of our offices the financial planning division is owned by our partners and staff (as opposed to a bank, fund manager or life insurance company). As such, we are truly working to provide the best solution for our clients.
PKF Financial Planners work closely with your accountant to ensure that optimum taxation strategies are developed for you and full advantage is taken of the latest strategies available.
Our team of Financial Planners service a diverse client base with a combined Funds under Advice of around $400 million.
Services Provided
Retirement Planning
The main aim is to ensure our clients income needs are satisfied whilst paying as little tax as possible and also maximising any social security benefits. Planning so that capital is not exhausted is also a priority.
Guiding clients through the maze of superannuation, complying pension, allocated pensions and social security is paramount.
Investment Portfolio Design
If you have funds to invest whether in super or other investments, we help you initially determine your objectives and risk profile, then structure an investment portfolio to match. Part of our role is to assist in determining in who’s name investments should be held and investigate the use of trusts, companies and super funds.
As we subscribe to independent research we are available to provide objective advice in this area in relation to managed funds, direct shares, debentures, term deposits, property syndicates, direct property and other investment vehicles.
Portfolio Review Service
Ongoing review of your financial plan is critical. We regularly cover the following:
1. Is the overall strategy efficient given changes in legislation (especially tax and super)
2. Is the portfolio invested in the right areas – eg shares, property etc
3. Are the specific investments still rated highly
Ongoing consolidated reporting of your portfolio is a major part of our service.
Superannuation Planning
One of the main areas in which we provide advice is Superannuation. Some of the areas covered include:
Super Guarantee Legislation, Superannuation Surcharge, Reasonable Benefit Limits (RBL’s), Taxation on cashing out superannuation, Employee Choice of Fund
Executive Financial Planning
Designed for those who are predominantly creating wealth but have little time to manage their personal finances. This may involve helping to structure a tax-effective wealth creation program, advice regarding superannuation and general advice to ensure financial affairs are in order.
Many corporates have utilised this service for their key executives.
If required, access to the PKF Tax Consulting Group is available to provide specialist advice with respect to companies, trusts, salary packaging and other areas in relation to tax.
Corporate Superannuation
We ensure the super plan you have in place for staff is administratively efficient and allows your staff to select the super that suits their objectives. Education of your staff is also one of the services we offer.
Self Managed Super Funds
In conjunction with PKF's superannuation specialists we can provide detailed advice in this area and provide assistance in setting up your Self Managed Super Fund.
Via PKF we can also provide tax return, audit and administration services.
Redundancies / Rollovers
Anyone who is made redundant or changes jobs can benefit with advice in relation to investing their company termination payment and superannuation payment.
Risk Insurance
Life Insurance, Income Protection and Trauma Insurance. We identify where cover is needed within your plan and source competitive premium rates from reliable Life Companies.
We also advise on Business Insurance requirements such as Keyman Insurance and Buy / Sell agreements.