Asset & Lifestyle Protection

ASSET PROTECTION

Wealth accumulation begins with protecting yourself, your family and your business and should be an essential part of your asset creation strategy. Asset Protection involves structuring your personal, family and business situations by limiting your risk exposure, whilst providing a foundation to accumulate your wealth.

AAS strongly believes all clients should have an Asset Protection strategy in place, with the objective being to provide greater control over your Assets, therefore allowing a more controlled outcome in times of financial distress.

Asset protection should always ensure your assets pass to the intended people, especially in the case of business partners and owners, and therefore importantly is in the right structures.

Through reviewing your personal exposure, business succession and estate planning, you can provide certainty for your family in the event of death or incapacity of you or your business partner.

Tax deductibility may be available to you regarding your insurance, which needs to be structured in such a way as to take advantage of any tax concessions that you may be eligible to receive. Some Tax Treatments relating to Insurance Benefits are as follows:

  • Life Insurance
  • Tax free if paid to your spouse or dependant beneficiary.
  • Subject to tax, as per superannuation death benefit rules, if paid to a non dependant beneficiary (i.e. adult children).
  • Total and Permanent Disability
  • A portion of this payout will be tax free, with the balance subject to tax. The total amount taxable will vary according to your age, length of service and the amount of benefit.
  • Trauma Insurance
  • The payout is typically tax free.
  • Income Protection
  • Benefits payable from your Income Protection insurance will be subject to tax at your marginal tax rate.

Find out more about Asset & Lifestyle Protection

         HAVE YOU
            protected
  your family

              OR ASSETS? TALK TO ONE OF OUR ADVISORS

Please contact me about Asset Protection.