FINANCIALCHECKUPWhere Do You Stand Today?

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Introduction

Did you know that assessing your finances could be

the key to a successful financial future?

By laying out all the details you need, you can get a

bigger picture of where you’re at – and what you need

to change.

Identifying the areas of your financial life plan that

needs to be reviewed is a critical step to keeping

your financial future on course.

So why wait? Complete our quick and easy financial

health check today.

Now let’s get started!Gerard Wilkie

Financial Adviser

INSTRUCTIONS: Fill in the details below to see where your finances are headed!

1. What is your current marital status? Single, married (de facto or

registered), widowed, separated or divorced.

2. Do you have financial dependants? And, if so, when do you

expect their dependency to end?

Financial Checkup

Personal

YES NO/UNSURE N/A

1. When do you expect/plan to retire?

2. What is your current accrued sick leave, annual leave and long

service leave?

3. Do you currently salary sacrifice into superannuation?

4. Do you expect to change occupations?

5. Do you expect to receive a redundancy or early retirement

payout?

Employment

1. When is your eligibility age for the Age Pension?

2. Are you eligible for, or receiving, Centrelink benefits? For

example, the Age Pension, Child Care Subsidy, Carer Payment/

Allowance/Supplement, or Family Tax Benefit.

3. Have you ‘gifted’ assets to someone in the last five years?

Social Security

FILL IN THE BLANK

FILL IN THE BLANK

FILL IN THE BLANK

YES NO/UNSURE N/A

INSTRUCTIONS: Fill in the details below to see where your finances are headed!

1. What was your taxable income last financial year?

2. What is your take-home pay each pay cycle?

3. Do you currently have a HECS/HELP loan? And, if so, what is

the current outstanding balance?

4. Do you keep track of your work-related expenses?

5. What are the sources of your income and expenses? And, do

you expect any changes to occur?

6. Do you have a budget and track your spending?

7. Do you earn more than you spend?

8. Do you have a savings account that you regularly deposit into?

9. Do you have enough savings to fund your living costs for at

least three months?

10. Do you pay your household bills on time?

11. Do you plan ahead for large expenses?

Financial Checkup

Income and Expenditure

YES NO/UNSURE N/A

FILL IN THE BLANK

YES NO/UNSURE N/A

INSTRUCTIONS: Fill in the details below to see where your finances are headed!

1. What are your current assets and liabilities?

2. Where is your superannuation invested and how much do

you have? And, which superannuation fund is your employer

currently contributing into on your behalf?

3. Do you make concessional and/or non-concessional

contributions to your superannuation?

4. When is your preservation age for withdrawing

superannuation?

5. Do you need to review your trust deeds for your self-managed

superannuation fund in light of the recent superannuation

reforms?

6. Do you receive an income stream? For example, retirement or

transition phase pension, or annuity.

7. Do you have a negatively geared investment?

8. Do you know the current interest rate on your home loan? If

interest rates were to rise by 0.5-2% per annum, could you still

afford your mortgage repayments?

9. Do you have an interest-only loan that will soon convert to

principal and interest?

10. Do you pay more than the minimum required payment

on your mortgage?

11. Do you pay your credit card off in full within the interest-

free period?

Financial Checkup

Assets and Liabilities

YES NO/UNSURE N/A

FILL IN THE BLANK

YES NO/UNSURE N/A

FILL IN THE BLANK

FILL IN THE BLANK

YES NO/UNSURE N/A

INSTRUCTIONS: Fill in the details below to see where your finances are headed!

1. Do you have life, total and permanent disability, trauma and

income protection insurance in place? And, has a recent life

event occurred that may require a review of your personal

insurances?

2. Do you have cross-liability in place? (Coverage for insurance

policies that covers multiple parties if one makes a claim

against the other)

3. Are your personal insurances held inside or outside of

superannuation, or a combination of both?

4. Do you need to make a claim on your personal insurances?

5. Have you gone 12 months without smoking or recently had a

favourable health assessment?

6. Do you have a buy-sell arrangement in place?

7. Do you have key person and business expenses insurance in

place?

8. Do you have private health insurance in place?

9. Do you have comprehensive motor vehicle insurance in place?

10. Do you have home and contents insurance in place? And is

the level of cover adequate?

Financial Checkup

Insurance Planning

YES NO/UNSURE N/A

FILL IN THE BLANK

YES NO/UNSURE N/A

FILL IN THE BLANK

FILL IN THE BLANK

INSTRUCTIONS: Fill in the details below to see where your finances are headed!

1. Do you have a current will? And, if so, does your executor know

where to find a copy of it?

2. Do you have a testamentary trust in place?

3. Do you have ‘joint tenancy’ or ‘tenancy in common’ ownership

with regards to your home and/or investment property?

4. Do have a power of attorney, guardianship and advanced care

directive in place?

5. Have you made death benefit nominations in relation to your

superannuation?

6. Are you considering receiving aged care services? For example,

the Commonwealth Home Support Programme, Home Care

Package or Residential Aged Care.

Financial Checkup

Estate Planning FILL IN THE BLANK

YES NO/UNSURE N/A

INSTRUCTIONS: Fill in the details below to see where your finances are headed!

What is important to you in terms of the following areas:

1. Your family? For example, making sure there are appropriate

personal insurances in place in the event of your death, or

sickness or injury.

2. Your local community? For example, charity and volunteer work.

3. Your career? For example, a promotion, pay rise, improvement

in job security and stability, and/or other employment

opportunities

4. Your money? For example, debt and cashflow management,

and saving and investing.

5. Your health? For example, maintaining a healthy physical and

mental lifestyle.

6. Your house? For example, renovating, upsizing or downsizing.

7. Your business? For example, maintaining, preserving and

growing the business, and succession planning.

8. Your retirement? For example, accumulating wealth to support

your retirement lifestyle.

Financial Checkup

Goals and Objectives YES NO/UNSURE N/A

FILL IN THE BLANK

1. Do you have any future planned expenditures? For example,

upgrading the car, renovating the house, or taking an overseas

holiday.

2. What are your investment preferences? For example, diversification,

asset allocation, risk versus return, liquidity, and environment,

social and governance considerations.

Send to Review Your Result

or email gerard@acumenwealth.com.au

SummaryOnce you have completed this checklist, if you’d like further

information or assistance to start or stay on the right path, get in touch with our team today!

Financial Planning Services are provided by Acumen Wealth Management, with which Quarles has a relationship Acumen Wealth Management is a Corporate

Authorised Representative No: 296444 of Futuro Financial Services Pty Ltd ASFL: 238478

General Advice Disclaimer

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DROP US A LINE

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VISIT US

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info@acumenwealth.com.au

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