Cathy
Statement of Advice Case Study
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|Scope |This case study is applicable to the Diploma of Financial Planning Statement of Advice series of tasks. |
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|Case Study |It is July, 2013. You are an authorised representative of a full-service licensed dealer group, Mentor |
| |Financial Planning Pty Ltd. Dennis and Donna Barker have come in to see you to ask for your assistance to |
| |plan out their next seven years and then help them settle into retirement. |
| |Donna (aged 53) and Dennis (aged 52) have been married for 29 years and live at Lot 3 Wattle Road, |
| |Hurstbridge, Victoria. Their only child, a daughter, Megan, is independent and has two children. |
| |Donna has recently been promoted by her employer, Best Marketing, and now earns $90,000 p.a. working full |
| |time. She has heard about salary sacrifice and thinks this might be a good idea to help build funds for |
| |her retirement. The only contributions currently being made to her super is her employer Superannuation |
| |Guarantee Contributions of 9.25% of her salary. The fund is a balanced retail superannuation fund, MM |
| |Superannuation. Her current balance is $220,000 and earns on average 7% p.a. after fees and taxes. She |
| |also has $100,000 in term life and TPD insurance cover within her superannuation fund. She drives a new |
| |Land Cruiser that is fully
| | |
|Scope |This case study is applicable to the Diploma of Financial Planning Statement of Advice series of tasks. |
| | |
|Case Study |It is July, 2013. You are an authorised representative of a full-service licensed dealer group, Mentor |
| |Financial Planning Pty Ltd. Dennis and Donna Barker have come in to see you to ask for your assistance to |
| |plan out their next seven years and then help them settle into retirement. |
| |Donna (aged 53) and Dennis (aged 52) have been married for 29 years and live at Lot 3 Wattle Road, |
| |Hurstbridge, Victoria. Their only child, a daughter, Megan, is independent and has two children. |
| |Donna has recently been promoted by her employer, Best Marketing, and now earns $90,000 p.a. working full |
| |time. She has heard about salary sacrifice and thinks this might be a good idea to help build funds for |
| |her retirement. The only contributions currently being made to her super is her employer Superannuation |
| |Guarantee Contributions of 9.25% of her salary. The fund is a balanced retail superannuation fund, MM |
| |Superannuation. Her current balance is $220,000 and earns on average 7% p.a. after fees and taxes. She |
| |also has $100,000 in term life and TPD insurance cover within her superannuation fund. She drives a new |
| |Land Cruiser that is fully