Comprehensive financial advice or event-driven advice can make a significant difference in your financial situation guiding the actions you do or don't take-with regard to changing legislation, how you hold your assets (financial structuring), tax-saving opportunities, your level of wealth and personal protection, fluctuating interest rates and how and when you pay off your home.
Kingston Financial Planning Pty Ltd can show you where money is going out when it should be staying with you as legislation rates and interest rates change reaching milestones and different stages in your life. There are many ways to make your money work harder when you are making an investment or saving for a child's education - earning you more in less time and cost cutting. For example, guidance from a financial expert can take years off the duration of a home loan, saving many people from spending more than they should on home loans.
Whatever you're aiming for, a relationship with Kingston Financial Planning Pty Ltd can give you insight into how you can achieve long-term financial success and protect your wealth.
Kingston Financial Planning Pty Ltd can identify any financial risks with that you and your family may be exposed to and ensure you look after what is important and that they're taken care of down the track - no matter what life brings. When you're busy focussing on your work and life, prepare for the unexpected to avoid something spoiling your plans or taking away something you have worked hard to gain.
The decisions you make and the actions you take along the way heavily influence your financial future. It pays to make well-considered decisions. Working with a knowledgeable financial adviser who takes a genuine interest in helping you improve your financial situation can make a world of difference to the life you create in the long run.
Finding the time to understand everything impacting your financial future can be time-consuming and difficult to know what you should do to ensure you are in a better financial situation. Working with Kingston Financial Planning Pty Ltd gives you the benefit of a valuable partnership-receiving your adviser's insights, knowledge and practical ideas whilst remaining in complete control of what happens with your money.
Our practice offers straightforward, professional advice, helping you make the most of your money. Holistic financial advice is comprehensive, taking every aspect of your financial situation and aspirations into account. This usually involves a life-long relationship with a trusted adviser. Event-driven advice on the other hand is provided intermittently in reaction to things happening in your life.
The type of advice you choose may depend on goals and what stage in your life you are in. Kingston Financial Planning Pty Ltd can help determine the type of advice that would best suit you and your situation to give you the most value.
For confidence that every aspect of your financial situation is thoroughly considered, choose comprehensive holistic advice. Generally, holistic advice will cover strategies to not only build wealth, but also to manage expenses, protect your family, lifestyle and assets, plan your income for now and in retirement, and determine how to pass your wealth onto the next generation, all in a tax effective manner.
Regularly reviewing your circumstances and objectives is an important part of holistic advice, and ensures you stay on track to achieving your dreams.
Learn more about our comprehensive advice services.
There are a number of times during your life that you will be confronted with an event that completely changes your financial standing, for better or worse.
Learn more about the following life events:
Our role is to work with you and help you to make the right decisions about your financial future.
This is best accomplished through a well designed financial plan which provides you with an action plan to help you navigate through life’s challenges. The starting point is to meet with us to first assess your 4 step journey and developing an action plan to help you by first determining:
If you would like any further information or have any queries please click here to email us or contact our office.
Our fee for advice will be quoted prior to any work being done so that you know what it will cost and what the benefits of following our advice are.
We offer a complimentary one hour free initial consultation. At this meeting we will find our what is important to you, gain an understanding of your financial position, goals and objectives, provide information about our fees and services and important information about working with us and for us to work our whether we can assist you.
At the end if this meeting we will generally quote a fixed fee for the preparation of a Statement of Advice in accordance with our Financial Services and Credit Guide. In certain circumstances we may not know how much work we have to do and an hourly rate charge may apply.
If you proceed to a second meeting, we generally charge a fee for service on an hourly charge basis in accordance with our Financial Services and Credit Guide. If you proceed with our full services this element will form part of our fixed price Initial Advice fee. This fee may include time in undertaking preliminary research and assessing matters relevant to you that will assist in our fact finding and goal setting discussions. This meeting generally involves working through your budget, identifying your goals and priorities together with obtaining a detailed understanding of your risk tolerance and return needs to achieve your objectives.
The agreed fees will be outlined to you in an Initial Advice Agreement and will be based on the complexity of the advice and the amount of time spent in developing our advice.
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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