Are you self employed and have employees that require tailored superannuation solutions? Are your employees happy with the current investment returns and flexibility of their superannuation funds? Would you be interested in hearing about setting up a tailored superannuation product for each employee which also reduces the administration head aches you have as an employer?
A Verita Financial Solutions Adviser can help you………….

Do you have your own self managed super fund and are looking for the appropriate advice in terms of where to invest your funds to achieve maximum returns? Have you looked at structuring much needed personal insurances to look after you and your family through your self managed super fund and assisting your cash flow by having the premiums deducted from your fund and claiming a deduction for the super contributions?
A Verita Financial Solutions Adviser can help you………….

" Life Insurance, Total and Permanent Disability Insurance and Trauma Insurance
It may be time to review your financial security! Do you have a mortgage? Are you thinking of buying a home? How heavy are your financial commitments including your mortgage and other debts? Do you have a young family? What would happen to them if you passed away or couldn't work due to an illness or injury? What would happen if you suffered a heart attack, cancer or another critical illness? A disturbing thought.

Your aim should be to provide as much financial security as possible for you and your family. Therefore, you need a 'wealth protection' strategy that provides a solution to your individual needs.

The effect of a prolonged illness or death will make a big difference to you and your family's financial situation and your family's lifestyle.

Life Insurance usually pays a lump sum determined between you and your Financial Adviser if you pass away or become terminally ill. Total and Permanent Disability Insurance will pay a lump sum if you are unable to ever perform again in your usual occupation due to illness or injury. This insurance can be structured within your superannuation fund which can assist your cash flow situation. This insurance is designed to look after you and your family and maintain your financial lifestyle in the event of death or disability. The insurance sums are usually high in nature for this type of cover due to the fact that death and total and permanent disability are very serious issues and most of the time mortgages, childrens education, funeral costs, medical expenses and lost income need to be factored in. A Verita Financial Solutions Adviser can help you………….

Trauma Insurance is a lump sum insurance payable in the event of the insured suffering a Critical Illness. Trauma Insurance usually covers events such as Cancer, Heart Attack, Stroke, By Pass Surgery. See below for further examples of conditions covered. Trauma insurance levels of cover are usually smaller than Life Insurance and Total and Permanent Disability as the belief is that if you survive a Traumatic event you will be able to return to work within 1-2 years.

Is your house covered by insurance? Is your car covered by insurance?.....then why isn't your most important asset covered by insurance??......YOU - and your ability earn an income!

Income Protection Insurance covers you against sickness or accident and if you are either totally or partially unable to work. The cover is in place 24 hours a day, 7 Days a Week, Worldwide. Income Protection covers 75% of your income and the premiums are tax deductible. This insurance pays a monthly benefit after the waiting period (usually 30 days and this can be selected) and can pay the benefit up to age 65 (this can also be selected).

Lots of self employed people have income protection and don't realize that they are only half covered. Income protection covers you for 75% of earnings less business expenses but before tax. So how will your business continue to run should you become too ill or injured to work in it? Will you want to use the income protection cover to pay for fixed business expenses if you are not able to work? The answer is NO as you will need these funds to look after you and your family. This is where Business Expenses Insurance covers you against sickness or accident. Like income protection, this cover is in place 24 hours a day, 7 Days a Week, Worldwide. This insurance covers you for certain business overheads including rent, depreciation, salaries of non income producing staff, etc etc. This cover is also Tax Deductible. The way this product works is that if you are to become disabled, you would provide the insurer with receipts of expenses incurred within the business after which you would be reimbursed. The waiting period is selected as with income protection and the payment period is for a maximum amount of 12 months to keep the business operating in the short term while you decide if you will go back to work or sell the business. If you would like to establish income or business expenses cover or review your existing cover?
A Verita Financial Solutions Adviser can help you………….

" Investments/Managed Funds
Investment Funds/ Managed Funds are pooled investment vehicles which provide a convenient means of investment in a wide range of financial products such as shares, bonds, mortgages, bank bills, property and the like and allow the smaller to medium investor to access markets he or she would otherwise be unable to utilise. You may be saving for a specific goal such as a holiday, a car, a deposit on a home, or the childrens education.

The attraction of managed funds is the diversification they offer. If you wanted to invest in shares but only had $1,000, realistically you could only invest in one company. If the company performs badly, you could lose your money. But if you invest that money in a managed fund, depending on the fund's profile, you may have an interest in 10, 20 or even 50 Australian or international companies. The same applies to property trusts. You may want an exposure to property in your portfolio but cannot afford to buy a house. If you invest in a property trust, then depending on the sector it invests in, you can have exposure to major shopping centres, CBD office blocks, or a leisure resort.

Investing in a managed fund also gives you the benefit of a professional fund manager. Fund managers have access to much more research than the average investor and presumably a better knowledge of investment markets. Of course, you won't necessarily have the control to choose the individual investments made by the fund manager, but with thousands of managed funds now on the market, you'll certainly be able to choose a fund that reflects your risk profile and closely mirrors the choices you might yourself have made. However, be aware that not all fund managers make money for their investors. You need to do your own research to ascertain how comfortable you are with a fund manager's approach to investing.

If you decide to invest in managed funds using a regular savings plan, because you are contributing a set amount each month, managed funds are also a simple and convenient savings vehicle.

There are also other investment alternatives such as Tax Effective Investment Bonds. Investment bonds - also known as insurance bonds - are long-term tax paid investments. Investment bonds have a minimum term of 10 years, but this can be extended at any time to a maximum of 40 years, without forfeiting the right to withdraw the investment at any time. Earnings are taxed at a fund manager level, at a maximum rate of 30%, and provided the investment is held for at least 10 years, no additional tax is payable by the investor. This makes investment bonds a tax-effective investment strategy - especially for those with a high marginal tax rate of up to 48.5% (including the Medicare levy of 1.5%) - and simple too - unless the investment is withdrawn within 10 years investors are not required to report earnings in their annual tax return.

Do you think your money is working for you? Do you believe you have enough diversity in your investment portfolio? Have you thought about the benefits of gearing/borrowing to help you invest in managed funds? A Verita Financial Solutions Adviser can help you………….

" Retirement Planning
When retirement comes around, you need to think about how to use your superannuation to give you a regular income that will let you pay bills and plan your spending. With the advancement of medicine and technology we are lading longer lives although we are living longer with illness and ailments. You need to make sure you have enough funds to maintain your living standards in retirement. Did you know that you can access your super after age 55 even while you are still working? A transition to retirement strategy may work for you if you are older than age 55.

New legislation which has come into force in July of 2007 has given superannuation and retirement planning greater exposure. In certain circumstances, you are able to receive superannuation and income stream payments tax free after age 60.

Putting your superannuation into an income stream is the simplest and most tax effective way to achieve this. Would you like to maximize your Centrelink entitlements in retirement? a Verita Financial Solutions Adviser can help you………….