Income Tax Planning, Financial Planning For Doctors, Pharmaceutical Accounting, Pharmacy Student

Wealth Protection

Why choose Grimsey? | Portfolios | Superannuation | Wealth Protection | Estate Planning

Adequate insurance is a very important part of your Financial Plan.

Income Protection

This type of insurance covers part of your income, for a specified period of time, if you are unable to work due to injury or sickness.

There are several types of policies with different terms & conditions. We can assess your situation and needs and recommend the most appropriate policy for you.

Premiums for this type of insurance are generally tax deductible.

Life Insurance

If you are the primary income earner in a family, in the event of your death, insufficient Life Insurance could be a significant problem for your spouse and children.

In our view, your Financial Plan should have sufficient Life Insurance to at least a) repay your personal debt/s and b) invest a lump sum to replace a portion of your income.

It may be most efficient to have your Life Insurance policy through your personal Superannuation Fund or through your Self Managed Superannuation Fund (SMSF) as, in most circumstances, the fund can claim a tax deduction for the premiums (ITAA97 sec 295-460).

There are also other types of insurance, including Business Insurance, which we can discuss with you depending on your particular circumstances.