Future, Clearly
Presented
Authorised Representative No. 123456
XYZ Dealer Group | AFSL 123456
Smith
Current Financial Position
Detailed breakdown — income, expenses, assets & liabilities
Your Current Insurance
Existing cover for John & Jane
Life & TPD Cover by Person
Monthly IP Benefit by Person
Insurance Policy Details
Full breakdown by person
OnePath — Super Fund
Current| Cover | Structure | Definition | Benefit Period | Amount |
|---|---|---|---|---|
| Life | Super Fund | — | — | $1,400,652 |
| TPD | Super Fund | — | — | $546,361 |
| Income Protection | Level | Indemnity | To Age 65 | 90 day wait | $5,419/mth |
REST Super
To Replace| Cover | Structure | Definition | Benefit Period | Amount |
|---|---|---|---|---|
| Life | Stepped | — | — | $353,000 |
| TPD | Stepped | — | — | $71,500 |
| IP | Stepped | Indemnity | 2 yr | 60 day wait | $2,250/mth |
OnePath OneCare
To Replace| Cover | Structure | Definition | Amount |
|---|---|---|---|
| Life | Stepped | — | $351,185 |
| TPD | Stepped | Premier | $351,185 |
| Trauma | Stepped | Premier | $351,185 |
Estate Planning
Current status of key estate planning documents
Recommendation: John should seek legal advice to establish a Will (excluding testamentary trusts), Enduring Power of Attorney, Medical Power of Attorney, and Powers of Guardianship.
Your Risk Profile
John & Jane — Balanced Growth
Your Goals & Objectives
What we are working towards together
Pay Down Home Loan & Build Cash Reserve
Use TPD payout and $150,000 net super withdrawal to reduce the family home mortgage and establish a financial buffer.
Start an Income Stream
Invest remaining super into an account-based pension in Balanced Growth to generate regular, tax-effective retirement income.
Review Superannuation
Assess whether Jane's super is invested correctly, including active versus passive exposure.
Insurance Review
Ensure Jane has adequate life, TPD, trauma and income protection cover, paid via super where possible.
Comprehensive Estate Plan
Establish a complete estate plan: Will, Enduring POA, Medical POA, and Powers of Guardianship.
Recommended Strategies
Overview of our six recommendations
1. Lump Sum Withdrawal from Super
Withdraw $175,200 gross from OnePath OneAnswer Frontier Personal Super. Net proceeds of $150,058 to bank account after 22% tax.
2. Commence Account Based Pension
Roll ~$378,357 into new OnePath Frontier Pension. Draw minimum 4% monthly, Balanced Growth, reversionary to Jane.
3. Rebalance Superannuation
Rebalance OnePath Personal Super (~$24,950) to Balanced Growth. Maintain non-lapsing binding beneficiary.
4. Rollover Superannuation
Roll REST Employee Super (~$108,958) into new OnePath Frontier Personal Super. Balanced Growth, redirect employer contributions.
5. Comprehensive Estate Plan
Seek legal advice to establish Will, Enduring POA, Medical POA, and Powers of Guardianship.
6. New Insurance via TAL
Life $724,611, TPD $724,611 (super), Trauma $350,418 (own name), IP $2,858/mth. Cancel REST & OnePath OneCare once in force.
Strategy Detail
Financial Projections
Net assets, income & expenses over time
Recommended Investment Transactions
Summary of sell and buy to implement the strategy
| Owner | Product | Value |
|---|---|---|
| John | Bank Account Cash | $331,628 |
| John | OnePath Personal Super | $46,729 |
| Jane | REST Employee Super | $108,958 |
| Total | $487,315 | |
| Owner | Product | Value |
|---|---|---|
| John | OnePath Frontier Pension | $378,357 |
| Jane | OnePath Frontier Personal Super | $108,958 |
| Total | $487,315 | |
Your Proposed Portfolio
Investment allocation across all products
Holdings
| Owner | Product | Fund | Weight | Value |
|---|---|---|---|---|
| JOHN — OnePath Personal Super ($24,950) | ||||
| John | OnePath PS | Aus Shares Index | 20% | $4,990 |
| John | OnePath PS | Balanced Index | 60% | $14,970 |
| John | OnePath PS | Intl Shares Index | 20% | $4,990 |
| JOHN — OnePath Frontier Pension ($378,357) — Balanced Growth | ||||
| John | Frontier Pension | Aus Shares Index | 15% | $56,754 |
| John | Frontier Pension | Intl Shares Index | 15% | $56,754 |
| John | Frontier Pension | Property Securities | 10% | $37,836 |
| John | Frontier Pension | Other Growth | 29% | $109,723 |
| John | Frontier Pension | Fixed Interest / Cash | 31% | $117,290 |
| JANE — OnePath Frontier Super ($108,958) — Balanced Growth | ||||
| Jane | Frontier Super | Aus Shares Index | 15% | $16,344 |
| Jane | Frontier Super | Intl Shares Index | 15% | $16,344 |
| Jane | Frontier Super | Fixed Interest / Cash | 31% | $33,777 |
Total Proposed Allocation
Allocation vs Target — Balanced Growth
| Asset Class | Target | Proposed |
|---|---|---|
| Australian Shares | 25% | 23% |
| International Shares | 20% | 22% |
| Property | 12% | 10% |
| Other Growth | 13% | 14% |
| Fixed Interest | 20% | 22% |
| Cash | 10% | 9% |
Insurance Needs Analysis — Jane
Calculated requirements vs recommended cover
Your Recommended Insurance
Final insurance structure post-implementation
OnePath — John
Retain| Cover | Structure | Amount |
|---|---|---|
| Life | Super Fund | $1,400,652 |
| TPD | Super Fund | $546,361 |
| IP | Level | 90 day | Age 65 | $5,419/mth |
TAL Accelerated Protection — Jane
Recommend| Cover | Structure | Amount | Premium |
|---|---|---|---|
| Life | Super | Stepped | $724,611 | — |
| TPD | Super | Any Occ | $724,611 | — |
| Trauma | Own Name | Premier | $350,418 | — |
| IP | Super | 90 day | Age 65 | $2,858/mth | — |
| Total Annual Premium | $5,355 | ||
REST Super — Jane
CancelLife $353,000 | TPD $71,500 | IP $2,250/mth — Cancel once TAL is confirmed in force.
OnePath OneCare — Jane
CancelLife $351,185 | TPD $351,185 | Trauma $351,185 — Annual premium $3,182. Cancel once TAL is confirmed in force.
Costs of Our Advice
Initial and ongoing fees
| Service | Person | Paid by You | Paid via Product |
|---|---|---|---|
| SoA Preparation | John | $0 | $5,500 |
| SoA Preparation | Jane | $0 | $1,100 |
| Insurance Commission (66%) | Jane | $0 | $2,619 |
| Total Initial | $0 | $9,219 | |
| Service | Product | Paid by You | Paid via Product |
|---|---|---|---|
| Adviser Service Fee | John — OnePath PS | $0 | $20 |
| Adviser Service Fee | John — OnePath Pension | $0 | $3,600 |
| Adviser Service Fee | Jane — OnePath Super | $0 | $780 |
| Insurance Commission (10%) | John — OnePath IP | $0 | $137 |
| Insurance Commission (22%) | Jane — TAL | $0 | $1,008 |
| Total Ongoing | $0 | $5,545 | |
All fees paid via product — $0 out of pocket. Initial advice $9,219 and ongoing advice $5,545 p.a. are deducted from your investment products.
Next Steps
What happens after this presentation
Read Your Statement of Advice
Review the full SoA document at your leisure. Contact us if you have any questions about the recommendations.
Contact Our Office
Call or email Nick James at XYZ Advisory to confirm you are happy to proceed and discuss any questions.
Contact Your Accountant & Solicitor
For the estate planning strategy, engage a solicitor. Discuss the tax implications of the super withdrawal with your accountant.
Sign Authority to Proceed
Sign and return the Authority to Proceed form included with this Statement of Advice.
Complete Documentation
Complete all application forms. Our office will coordinate the full implementation of all recommended strategies.
XYZ Advisory | XYZ Dealer Group
AFSL 123456