shirley

SHIRLEY O’REILLYFINANCIAL PLANNING ADVICE FOR RETIREMENT

Current Situation

Bank A/C$661,000

Westpac Super$201,973

Pru Pac Super$1,609

Wesfarmers Shares$20,695

Factory Unit$350,000

Current Income

Shares $900paFactory $6,400p

aWork

$?

Recommended Situation

Westpac Super

$201,973

Wesfarmers Shares$20,695


Investment Exchange

Super/Pension

Investment Exchange

Investment A/C

Pru Pac Super$1,609

$129,305

$400,000

Bank A/C$661,000



Investment Exchange

Super/Pension$353,582

Investment Exchange

Investment A/C

$400,000

Bank A/C$131,695



Investment Exchange


Investment Exchange

Investment A/C

$400,000

Bank A/C$131,695

Ventura Diversified

50Return last

12 mths11.62%

IX Funds Linked

together when

calculating fees. Keeps price down.

Ventura Diversified

50Return last

12 mths11.62%

Funs moving back &

forth

Funs moving from Pension to Bank a/c

Rental income.



Investment Exchange


Investment Exchange

Investment A/C

$400,000

Bank A/C$131,695

IX Funds Linked

together when

calculating fees. Keeps price down.

Regular draw down

$2,500pm

Monthly pension payment$2,500pm

Rental income $533pm.

Return @ 7% $24,750.74pa

or $2,062.56pm

Estimate only based on past performance

Return @ 7% $28,000pa

or $2,333pm

Estimate only based on past performance

Past performance is no indication of future performance.

Fund living expenses

and holidays.

CentreLinkSingle, Homeowner.

Reducing Pension Your accessible income

Full Pension

$4,056 pa

$47,065.20 pa

Reducing Pension

Full Pension

$197,750

$748,250Income Test Asset Test

$41,150 pa

Your accessible Assets

$886,218

$4,056 pa

Full Pension

CentreLinkSingle, Homeowner.

Reducing PensionYour accessible income

$47,065.20 pa

Reducing Pension

Full Pension

$197,750

Income Test Asset Test

$41,150 pa

Your accessible Assets

$886,218As it is your assets that prevent you from receiving any Age Pension by around $138,000 at this time, you would be encouraged to look at legitimate ways of reducing your assets to below the $748,250.

$748,250

Holidays.Home renovations.Funeral Bonds up to $11,750.*Gifts of up to $10,000 pa

*Maximum gifts $30,000 over a five year period.

$4,056 pa

Full Pension

CentreLinkCommonwealth Seniors Health Card.

Seniors Health Card Your accessible

income

$50,000 pa

Income Test

$41,150 pa

It would appear that you would qualify for the Commonwealth Seniors Health card based on your taxable income.

Note that any income taken from your IX pension fund is not taken into consideration.

shirley

Economy & Finance