The number 1 choice for financial advice


Getting yourself covered is quick and easy

If something were to happen to your vehicle, it would probably be covered by your car insurance and if you were to require any medical treatment it would probably be included in your health cover but there are many people whose assets and income are under-insured and some people haven’t taken out any cover to protect their wealth.

Having adequate personal insurance gives you the peace of mind that if something was to happen which impacted your ability to earn an income, then the lifestyles of those who depend upon you would still continue as normal. Our financial planners will be able to assist you with finding the right level of cover to adequately protect your income, assets and wealth. Please contact 1st Street if you would like to arrange an obligation-free meeting.
LIFE INSURANCE Life insurance provides a lump sum benefit to pay out debt and support the family should someone pass away. It can cover things like
  • Mortgages
  • Childrens ongoing living expenses
  • Childrens education expenses
  • Funeral benefits
Life insurance can be paid for by your superannuation fund or personally.
TOTAL AND PERMANENT DISABILITY INSURANCE TPD cover provides a lump sum payment if you suffer a disability before retirement and can't work again, or can't work in your usual occupation or chosen field of employment. It can cover things like:
  • Mortgages
  • Medical expenses
  • Renovations to property (e.g. to improve access)
  • Childrens ongoing living expenses
  • Childrens education expenses
Can be purchased as an add-on to life insurance, or as a standalone policy.
TRAUMA INSURANCETrauma (or critical illness) insurance provides a cash sum if you suffer a specified illness or injury. Most people don't have money saved away to take time off work and treat illness, so this payment is designed to assist with that. Did you know? 2 in 5 people will suffer a major illness before the age of 65, and in Australia the average cancer treatment will cost in excess of $100,000.
INCOME PROTECTION Income protection insurance (also known as salary continuance or income replacement) provides a monthly payment to replace lost income if you are unable to work due to injury or sickness.
  • The maximum allowable cover is generally 75% of your gross wage
  • Waiting period determines how long you need to be off work before you can claim (1-3 months)
  • Benefit period determines how long you can stay on claim (generally to age 65)
If your insurance is held within superannuation, the cost of the premiums is withdrawn from your superannuation balance. It is important to work out the best way to structure your insurance, whether inside or outside superannuation, or a combination of the two.

Financial planning

Financial advice means different things to different people. In the end, financial advice is all about you. It could be dealing with:

  • The right strategy to protect your family from unexpected event
  • A plan to pay off your home loan by retirement
  • The best way to save for your retirement
  • Ability to meet the costs of children’s education
  • To ensure you’re not paying too much tax!
  • Taking control of what happens to your assets if you die

It can be hard to find out this information if talking with family and friends. Our experienced and qualified advisors will be able to explain these concepts in easy to understand language so you can take control of your future.

Initial meetings are complimentary with no obligation so you should make the time to at least have a conversation.

Full-time earnings in Australia averaged $69,992 a year in the first quarter of 2012 (Seasonally adjusted wages – Bureau of Statistics.) So, assuming that you earn the “average wage”, this means you will bring a total of $3,149,640 in wages into to your household over your working life (age 20-65) and that’s assuming you never get a pay rise!

As part of our dedication to providing you a full financial service, 1st Street has a dedicated financial planning team to take care of financial aspects such as insurance, superannuation, and wealth protection.

MAKE YOU FEEL BETTER Our advice helps you make the right choices for life’s important financial decisions.
  • You may face challenges along the way, but with a personal financial plan, you’ll be prepared.
  • You’ll have a real sense of control, and the peace of-mind that it can bring.
  • You can rest easy, knowing that you’ve taken action and you’re not alone.
  • You’ll be supported every step of the way by your financial adviser.
MAKE A DIFFERENCE We look at how your finances are structured and identify ways to solve problems and help you reach your goals.
  • We’ll get you organised and give you control so that you can maximise the potential of your money.
  • We provide support and guidance on the best way to manage your financial well-being – whether it’s adjusting your debts to minimise repayments, saving for a home or a holiday, investing and planning for your retirement or maximising pension entitlements.
  • We work with you to help determine which financial Strategies will help you get to where you’re going.
SAVE TIME Even with the best intentions, it’s hard to find time to create a comprehensive wealth plan that will really make the most of your money.
  • Pulling it all together – income, insurances, investments, superannuation – can be overwhelming.
  • We can take care of it all for you, making life simpler and saving you hassle. Professional financial advice gives you more time to spend somewhere else, on something more enjoyable.
MAKE LIFE SIMPLER We are experts in financial management, qualified to help you navigate the complex legislation that governs investment, tax and superannuation.
  • Investment markets and superannuation rules for different investment options and government entitlements are complex and change frequently. We have the knowledge and experience to explain it to you in a way that you’ll understand.
  • We have the necessary training to make sense of all your options and help you choose the best solution. Even if you’re an expert in your own field, it makes good financial sense to ask for specialist advice when it comes to money.


(Self-managed super funds)

Setting up an SMSF is a major financial decision and you need time and financial skills to manage it. If you set up a SMSF you become a trustee of the fund. This means you’ll be responsible for managing your SMSF according to its trust deed and the laws and rules that apply to SMSF’s. The key principle is that you run your SMSF for the sole purpose of providing retirement benefits to fund members. Your investments must be separate from the personal and business affairs of fund members, including yourself.

INVESTING IN YOUR FUTURE What is superannuation?

Superannuation, or super is a way to save money for your future. It is important to understand how much super you’ll need, and how best to manage the money for your retirement. Through super, you can hold a wide range of investments such as shares, property and cash.

Superannuation is attractive because it receives favourable tax treatment, both when you are working and once you are retired. Employers must pay superannuation contributions on behalf of their employees and you can also chooseto add money into superannuation out of your own pocket.


Superannuation is likely to become your 2nd biggest financial asset which help funds your retirement

As a guide, a “reasonably comfortable” lifestyle for a couple will require around $60,000 a year.

The Tax benefits include:
  • Contributions made to super mat attract a tax deduction of tax offset.
  • Investment earnings are taxed at a maximum of 15%, rather than you original tax rate of up to 46.5%. Capital Gains are taxed at a maximum rate of 15%
  • Your super benefit can be paid as a tax-free pension or lump sum when you reach 60 and satisfy the criteria to access your funds
How much Superannuation will you need? The amount of money you will need in retirement varies from person to person, and depends on:
  • The kind of lifestyle you want.
  • Other income options in retirement (such as part-time work or payments from other investments that will supplement your super).
  • The age at which you would like to retire.
When to contribute? The sooner, the better.

If you were to contribute just $25 a week into your super (after tax) for the next 30 years, your super assets could end up $66,000* better off at retirement than someone who relies solely on their employer’s min contributions. That’s more than enough to cover a year’s worth of retirement income.

SMSF Would a Self-Managed Super Fund work for you?

An SMSF is not for everyone. It provides members the ability to privately manage their own super benefits for their retirements and allows additional control. It is important to remember that with the additional control comes added responsibility. An SMSF is only appropriate if you have the time, the desire, and the expertise to manage your super affairs correctly

Did you know - you can buy residential investment properties inside your SMSF?