At Kingston Financial planning Pty Ltd, our role is to help our clients make confident financial decisions.
We offer a personalised holistic financial planning service to individuals, families and business owners which caters for their individual needs and helps them towards their own financial and lifestyle goals.
Our practice services clients in northern Tasmania and travel to the east coast via the Fingal Valley. We travel regularly and often find ourselves meeting clients in areas such as Ulverstone, Deloraine, St Mary’s, George Town, Bridport and the West Tamar.
Principal and Financial Planner
Geoff is the Managing Director and Principal of Kingston Financial Planning Pty Ltd and is one of the longest serving Certified Financial Planners in Tasmania.
His key role is to provide strategic advice and work with our clients to meet their lifestyle goals
Geoff Axton has over 45 years experience in Financial Services since June 1978 training as a Accountant and gained Certified Financial Planner status in March 1998.
Geoff is also a qualified Accountant and his background includes:
This experience provides a unique blend of skills suitable for clients seeking quality strategic advice and comprehensive financial planning.
During the early 1990’s Geoff recognised financial planning as an important profession providing material value to people seeking ways of managing financial resources and, improving their retirement lifestyle at various stages of their life.
Geoff is a keen freshwater fisherman enjoying flyfishing the Highland Lakes of Tasmania when time permits and recreational sea angling off the East Coast. Geoff was a keen sports person and is a Life Member of the Evandale Cricket Club (Inc).
To assist you to fulfil your lifestyle goals by providing effective financial solutions that create, protect, manage and grow your wealth.
We follow a defined financial planning process so that you can achieve all of the benefits of financial planning advice. Of course, everyone is different, with different circumstances, needs and goals. We treat every client as an individual, but by following a defined process, you know what to expect from us.
The initial advice process covers our first appointment all the way through to the implementation of your financial plan. We do this by:
(1) Identifying where you want to be
Initially, we help you identify your financial and lifestyle goals. This ensures we understand your needs and you can understand what to expect from us.
(2) Considering the opportunities and risks
We assess your current situation and investigate the range of financial options available for you to reach your goals.
(3) Bridging the gap
Based on discussions with you and research we conduct, we will devise a strategy to bridge the gap between where you are now and where you want to be.
(4) Bringing your plan to life
We work closely with you to implement your financial strategy. We help you to complete any necessary paperwork and are available to attend meetings with your accountant, solicitor and general insurer so that your strategy is implemented efficiently.
As time goes on and circumstances change, your financial plan will need to be changed to keep up to date with your changing needs. The final step in our advice process ensures your financial plan remains on track, by providing you with regular ongoing advice.
(5) Staying on track with regular ongoing advice
Finally, we design an ongoing service programme to ensure your plan remains up to date as your life changes and so you can obtain the benefits of ongoing reliable advice.
Sometimes, life takes us in unplanned directions. When you need a little extra help on top of our initial or ongoing advice, just ask us to provide you with some additional advice. We are there to help you – whatever the occasion.
We work on a fee for service basis meaning that we are working for our clients and not any fund manager, bank or financial institution or superannuation fund.
Our financial planning clients benefit from a regular review of their financial plan and investments and we assist clients with a coordinated approach to their retirement planning, superannuation, wealth creation, portfolio management, risk protection and estate planning.
Whilst individuals may have immediate issues to deal with, we take the time to understand your situation and challenge you to obtain the best value from working with us. Geoff strives to provide simple solutions to complex problems with a financial plan that’s right for your unique situation.
Our focus is helping our clients achieve their financial goals with financial solutions that are right for you.
All new clients of Kingston Financial Planning Pty Ltd participate in a structured ongoing review service tailored to their specific needs. This is our commitment to ensure that the financial plan put in place today continues to meet their needs.
Geoff’s background as an Accountant and experience as a Certified Financial Planner since 1998 ensures that he has the experience and skill to deal with both individuals and small and medium size business clients in dealing with personal financial planning affairs.
We offer a free initial consultation of one hour to get to know your situation and assess how we may be able to help you plan for the future. For many, this may simply be working to pay off the mortgage, saving, investing a lump sum or planning for a comfortable retirement lifestyle.
You can choose to limit the nature of our engagement by detailing what services that you require us to provide. This advice can also be provided progressively over time to ensure that our services remain affordable and relevant to your particular needs.
We generally charge a fixed fee for preparing a financial plan (outlined in our Financial Services Guide) which equates to the cost of providing this service and implementing our advice.
An important part of our service offer is recognising that everyone is different.
Many advisory firms have a one service fits all approach with little flexibility, this we feel compromises what good financial planning is about, listening to you and providing a solution that meets your specific needs. In this way we can match your unique personal profile to a range of tailored services.
Importantly, as our practice is privately owned, we can deal with our clients, the way they expect to be treated rather than being sold to that often happens through a larger institution. Our association with Charter and access to external research resources enables us to providing a personalised level of service without being compromised, by a restrictive service offering.
This personalised service extends through developing investment solutions that are right for you and the ability to access your financial planner when events arise that require our assistance.
We are here to help and support your success wherever your business takes you.
Kingston Financial Planning Kingston Financial Planning Pty Ltd (ABN 34 119 387 012) is an authorised representative of Charter Financial Planning Ltd ABN 35 002 976 294, Australian Financial Services Licence and Australian Credit Licence No. 234665
Principal Address: Level 6, 88 Phillip Street, Sydney NSW 2000
When first entering the workforce, saving for retirement may not be something on your mind. It's common to aim for more short or medium-term goals like overseas travel, a new car, a deposit for a home or an investment in the stock market.
Building wealth also encompasses long-term strategies to help you make the most of your finances and the time you have in the workforce. Kingston Financial Planning Pty Ltd can work with you to look at all aspects of your lifestyle, your goals and your needs and develop strategies to optimise your earning potential.
Your wealth creation strategy could involve setting clear short, medium and long-term goals, putting together an easy-to-follow budget, directing any surplus funds to an investment portfolio, utilising tactics to minimise tax and putting strategies in place to protect yourself and your family.
Contact UsThe consequences of not being able to work for six months, a year or more due to illness or injury can devastate your lifestyle and plans-and those of your family.
Have you considered what would happen to your family if the main breadwinner died? While nothing compensates for the loss of a loved one, it's easy to protect yourself and your family from the financial impact of the unexpected.
Term life insurance provides a lump sum payment for your family in the event of your death. The money can pay off the mortgage so your family can stay in the family home and meet other financial obligations. It can ensure that a difficult time is not made worse by unnecessary financial stress.
Total and permanent disability insurance provides a lump sum payment if you suffer an illness or injury and are permanently unable to work. It can help you maintain your current lifestyle and pay any additional expenses that ongoing illness or injury can bring.
Trauma insurance provides a lump sum payment if you suffer a major trauma such as cancer. It can make it easier for you to focus on your health and meet the costs of medical care and rehabilitation.
Income protection insurance provides a regular payment in place of your income when you suffer an illness or injury and are temporarily unable to work. When you're out of action, day-to-day living costs don't stop. On top of them, the costs associated with overcoming an illness or injury need to be covered. Income protection cover can help maintain your lifestyle and take the pressure off until you're able to return to work.
Contact UsAs retirement nears, and you begin thinking about the retirement lifestyle you would like, your super comes more into focus.
Depending on when you plan to retire - at age 50, 55 or 60 - you may start thinking about putting extra money into super, maximising your investments, balancing risk and return, and looking at your wealth protection needs.
And as you think about winding down from the workforce, Kingston Financial Planning Pty Ltd will work with you to reduce the risk your super investments may be exposed to and protect the wealth you've worked hard to build.
For many, easing into part-time work and taking advantage of the government's transition-to-retirement rules is the natural way to move into the next stage of life. Whatever your plans, maximising your retirement savings is essential-and the way you structure your finances can have a direct impact on how much you end up with down the track.
Kingston Financial Planning Pty Ltd will help you work out the most effective way to make the most of your years in the workforce and draw an income from your super in retirement.
Contact UsEstate planning is a specialised area that can involve many financial complexities. While no one intentionally leaves behind complications for their loved ones, countless families are burdened with the difficulties of an out-of-date will.
You can make sure it's easy for your loved ones to receive what you leave behind. Kingston Financial Planning Pty Ltd will work in conjunction with you and your solicitor to ensure your assets will pass smoothly and tax-effectively to your loved ones.
Contact UsChanging careers can be stressful. Whether you love your job or you've been thinking about finding a new one, being without work or having to change careers unexpectedly can be planned for.
You may find yourself considering career options you hadn't given serious thought to before: undertaking training, seeking further education, looking for part-time work or considering working for yourself and starting your own business.
Have you considered the financial and emotional implications of changing jobs? These can be overwhelming and can affect other areas of your life. There are many options to be considered to ensure you'll be satisfied with the changes you're making and that you receive the entitlements due to you when you leave your current job.
Making time to speak with us can give you the opportunity to explore the viability of your options, assess your future and ensure you stay on track to reach your goals.
Contact UsAs Australia's population continues to age, the proportion of people over 65 is rising. Many elderly people aim to remain independent and live in their own homes. But in some cases this isn't possible.
Fortunately, there are many options. Sometimes staying at home with regular support is possible and sometimes full-time in-home care is required. You may find that eventually you're faced with the difficult decision of helping your parents move to another residence where their wellbeing can be better supported.
Working with Kingston Financial Planning will ensure you're aware of the options available to your parents, that their needs are met and they do not unintentionally forego any financial entitlements.
We will look at the structure of your parents' assets to maximise Centrelink aged-care and health-care benefits to help their savings and support them to stay at home.
The impact of capital gains tax as a result of the sale of any assets may also be reduced or avoided altogether.
We can be there with you from the start to assist you with every aspect of exploring and managing your parents' options and needs. For example, by:
Speak with us for the right advice and guidance.
Contact UsReceiving an inheritance can leave you with mixed feelings. Dealing with the loss of a loved one, grief and other emotions can make it difficult to decide what to do. Sometimes during emotionally challenging times, the impact of tax and inheritance rules can be the last thing on your mind.
At such times, it can be comforting - and in your best interests - to speak with us. You can then go through the grieving process more freely with the assurance that tax and inheritance rules won't eat into your money unnecessarily.
Depending on the types of assets you inherit and the way any money is passed on to you, there can be issues to consider and manage in order to maximise the amount you receive.
Often when a loved one dies we can be reminded about the importance of planning for our own beneficiaries and ensuring everything is as uncomplicated for them as possible.
We can work with you and your accountant and lawyer to ensure you end up making the most of your inheritance, and can guide you in what you can do to ensure your loved ones are taken care of when you die.
Contact UsFinancial advice from Kingston Financial Planning can make a big difference in how quickly you can own that home or investment property you have been thinking about buying. How you structure your mortgage, and considering any existing loans and savings accounts you have-makes a big difference to your long-term financial success.
Assess your financial position with us and you can take years off the duration of your loan and own your property quicker.
Contact UsWelcoming a first, second or third child may be one of the most exciting and overwhelming times of your life. With a new child comes a new budget with many changes and a whole new life stage.
Financial decisions need to be made and it certainly pays to plan well ahead for such a significant time in life - especially if there's the chance your situation means changing from two incomes to one for any length of time. The cost of child care or an income reduction will have a financial impact throughout the child's lifetime and both or one parent may continue working and, depending on what's best for your family, the cost of child care while you're at work or a reduction in income will have a financial impact. The financial costs associated with having a baby can be surprising and related costs in raising the child need to be considered also.
When preparing for the arrival of your child, you may find yourself meeting the initial costs of furnishings for the nursery while you consider the day-to-day costs of looking after a baby. Some decide to buy another car while some may think about a larger home with a bigger backyard. The time also arrives when the options and costs for a child's education need to be considered.
Kingston Financial Planning can ensure these expenses are planned for, that your family and all you have worked hard to gain are protected and you can give your children the best start to life - regardless of what life brings.
Contact UsWhether you are married or in a de facto relationship, separating from your partner can be one of the most challenging times in your life. Current trends suggest that one couple in three will face the complicated emotional and financial issues of a separation or divorce.
When separating from your partner you'll need to review any joint investments, bank accounts, superannuation funds, personal insurance, health insurance, and possibly your tax arrangements. If you have children, you may need to address child maintenance arrangements too. In certain circumstances one or both parents may be entitled to temporary or long-term parenting payments from Centrelink.
By speaking with us you can be confident in your entitlements and options. Many people have benefited from our insights and assistance when negotiating with their partner.
The challenges can be complex and we can guide you through the financial implications of separation and help you prepare for the next chapter in your life.
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