Kate and Daniel

The starting point
  • Kate and Daniel came on board with Future Assist in 2014. The couple, in their mid-thirties both had great jobs and earned reasonable wages. However, saving was not a strong point for the pair.
  • Kate and Daniel knew that it was time to get their affairs in order. They were seeking more control and security for their future, as well as an improved lifestyle and the ability to travel more, while preparing themselves to start a family.
  • Kate and Daniel had no investment assets apart from a handful of shares and had some ideas of where they would like to invest. They also had the goal of retiring and being mortgage free by the age of 55, however thought this goal seemed unattainable with their current lifestyle and situation.

What needed to be done

Firstly, it was important to help Kate and Daniel to become more aware of their spending through the use of our budgeting tools and resources. Our team then helped them to restructure their mortgage and offset account with a clear strategy on how to take advantage of this facility and pay down their mortgage faster.

The Future Assist team needed to work with Kate and Daniel to establish a long term strategy tailored to their goals. This strategy included consolidating their super funds into a joint Self-Managed Super Fund (SMSF). This achieved their goal of taking more control of their super, and initiate a long term strategy in their preferred asset class.

Future Assist also conducted a comprehensive analysis of their life insurances, finding the right balance between what they needed and what they could afford.

The outcome

Within one year, Kate and Daniel had made progress paying down their mortgage and had saved up a good amount . In 2016, and still making progressing they purchased an investment property. Already, they were well on track to meeting their goal of retiring by the age of 55.

Over the last 3 years they have managed to purchase a third property and build a diverse share portfolio which is providing an alternative form of income and growth. They now have close to $30,000 in their offset account as a buffer and receive a healthy tax refund each year from the depreciation of their investment properties.

The couple now feel empowered and in control of their finances and are looking forward to retiring with a passive income of $100,000 per annum.


The information contained in this case study is not intended to be advice. It is for information and example purposes only.
Please refer to the General Advice Warning at the bottom of this website.

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