Insurance Information

People readily insure assets such as their home and car, but they often overlook the need to insure their most valuable asset, themselves.

No matter how comprehensive and successful your investment plan may be, the most important asset you and your family have is your health. Without it, you lose your ability to provide for yourself and your family on a day-to-day basis, let alone achieve your long-term financial goals. Being injured or dying prematurely are subjects we would prefer to keep at the back of our minds. Having adequate personal insurance, you can concentrate on living, knowing that if the worst happens, you and your future family will be protected.

The following are the major types of personal insurance:

• Term Life: Provides a lump sum payout upon your death or total permanent disability 
• Income Protection: Provides up to 75% of income if unable to work due to illness or injury
• Trauma: Provides a lump sum benefit on diagnosis of specified critical illnesses, such as heart attack, cancer, stroke or loss of independent existence

Portfolio Management

Our Portfolio Management service will design, implement and manage a portfolio of investments specific to your needs, without incurring brokerage or commissions every time you buy/sell an investment. 

Not everybody invests via a Superannuation environment. Monies may well be held in a Family Trust or by an individual who is unable to contribute into Superannuation for some reason. 

Regular investment portfolio reporting allows clients to measure how their investments are performing, both from a growth and income perspective. Oakbridge holds the Australian Financial Services (AFS) license and can deal in all shares listed on the ASX as well as fixed interest instruments and managed funds.

We provide:

24/7 Client Online Access to investment information through the website Client Login

Daily

• update all client investment portfolios (including bank balances) 
• collect and scan client mail

Fortnightly

• forward mail to clients

Monthly

• update cashflow analysis

Annually

• schedule client review meetings
• update investment strategies
• reset pension level, where applicable
• complete and lodge Financial/Tax Returns
• complete contribution assessment, where applicable

Unlimited access to advisers and support staff  

Strategies

Transition to Retirement

If you are 55 or older and still working, commencing a Transition to Retirement strategy will allow you to substantially increase your Superannuation entitlements.

You can contribute to Superannuation via Salary Sacrifice, and simultaneously compensate for the loss of take home income, elect to receive an account based pension from your Superannuation Fund.

What’s the affect?

• Low Tax Rate: Any salary that you contribute to Superannuation (Salary Sacrifice) is taxed at 15%, instead of your individual income tax rate as long as all your concessional contributions fall within the current cap (over 50 years of age, maximum concessional contribution $50,000). 
• Tax Concessions: Aged between 55 and 59, the taxable component of your account based pension (paid from your super fund) is eligible for a 15% tax offset.
• Tax Free Income: If you are 60 or over, your account based pension (paid from your Super fund) is tax free.
• Tax Free Investment Earnings: Investment earnings (income received and realised capital gains) from assets within your super fund used to pay your account based pension are tax free. When in accumulation phase they would have been taxed at 15%.

All of the above tax savings substantially contribute to your retirement savings. 

Please note the ability to commence a Transition to Retirement strategy is dependent on your personal circumstances and specific advice should be obtained before proceeding with this strategy.

Salary Sacrifice 

Not yet 55, but find you are able to save money after meeting your living expenses?

If you are earning more than $37,000pa and are saving, you can sacrifice a part or all of your earnings above $37,000 and cap your tax rate at 15%. These tax savings have a direct positive impact on your superannuation entitlements. 

• Low Tax Rate: Any salary that you contribute to Superannuation (Salary Sacrifice) is taxed at 15%, instead of your individual income tax rate as long as all your concessional contributions fall within the current cap (over 50 years of age, maximum concessional contribution $50,000). The tax rate for personal earnings between $37,000 and $80,000 is 30% and $80,000 to $180,000 is 37%. 

Please note the ability to salary sacrifice is dependent on your personal circumstances and specific advice should be obtained before proceeding with this strategy. 

UK Pension Transfer

UK pension transfers can be complex and time consuming. Recognising that cross border expertise is required, Oakbridge have combined our nearly 30 years' experience as Financial Planners in Australia with a UK-based Financial Planning firm, which specialises in UK pension transfers. This combination provides both UK and Australian professional financial services for those wishing to transfer their pensions from the UK.

For further information on our UK Pension Transfer services, please go to the bdhSterling website www.bdhsterling.com.

Wholesale Superannuation

A major attraction to having a Self-Managed Superannuation Fund is the possible savings in ongoing management costs. However, our research shows that there is minimal to no cost savings for funds with combined entitlements of less than $200,000, when compared with Public Offer Funds such as AMP, MLC, NAB etc. In this case, we do not recommend establishing an Oakbridge Self-Managed Superannuation Fund. 

If you have less than $200,000 in Superannuation entitlements, we can implement strategies that will help you accelerate your retirement savings. These strategies include Salary Sacrifice and Transition to Retirement.

When it comes to planning for your financial future, it’s not important what you start with, it's simply important to start.

Self-Managed Super Fund

If you have more than $200,000 in Superannuation entitlements, we can demonstrate you how by establishing an Oakbridge Self-Managed Superannuation Fund, you can:

• permanently reduce the cost of managing your Superannuation entitlements
• always have full control of the investments held
• have a relationship with a team of people dedicated to delivering your retirement strategy

We provide a complete Administration and Investment Management service to your Oakbridge Self-Managed Superannuation Fund. 

We complete:

• all the necessary daily administration
• annual financials
• member statements
• investment strategies
• investment selection and management of the funds assets
• calculation and Implementation of pension payments

Dedicated team at Oakbridge has been providing the very best in Self-Managed Superannuation Administration and Investment Management since 1996.