Financial Planning Reviews

Amicas Group is an independent, professional Registered Tax Agent, with significant tax planning and advice services, accounting and business services to many clients in Australia and overseas.

financial planning servies

Financial Planners are required to hold an Australian Financial Services Licence (AFSL) and provide 'financial advice' including financial planning services.

Most financial plans, or 'Statements of Advice', contain a disclaimer that recommends that you should obtain advice from a tax agent who understands your affairs, in order to ensure the desired tax outcomes can be achieved.

Amicas Group regularly assists individuals to ensure the expected taxation outcomes are achieved, and that devastating tax outcomes are avoided.

We also assist our clients in presenting their information to their financial planner, and in asking the questions that are appropriate to their circumstances, so that the financial planner may provide the best assistance.

Of recent financial plans we reviewed, we were able to indicate to our clients:

    • That a superannuation contribution strategy, maximising the $540,000 'non-concessional' contribution (under the 'bring-forward' rule) would have been exposed to penalty rates of tax due to an intended 'concessional' contribution being deemed non-tax deductible;
    • 1. A client owned approaching retirement was advised to salary sacrifice a majority of her income to reduce her immediate tax liability and withdrawal tax free dollars after retiring at 60 years of age.

Sometimes, it helps to have an experienced eye to review a financial plan that has been prepared for you.





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