Meet Scott and Amy

Scott is 39 and Amy 37. They’re married, have a young family and see themselves as ‘thirty somethings’. Scott works fulltime and receives a salary of $80,000 p.a., while Amy works part-time and earns $25,000 p.a.

Scott and Amy have $50,000 and $15,000 in their respective employer superannuation funds. They have both selected ‘balanced’ portfolios and are receiving the minimum level of Superannuation Guarantee contributions (i.e. 9% of salary p.a.). Their super funds also provide life and TPD (total and permanent disability) insurance cover of three times their salary (including their accumulated super balance).
They have $10,000 in a savings account and $25,000 in a term deposit. Both of these accounts are in joint names. They own a home valued at $450,000, however, they still owe $150,000 on their home loan and the minimum repayment is $1,348 per month for 15 years.

After meeting their living expenses, they have a surplus cashflow of $20,000 p.a. (after tax).

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Meet Ken and Diane

Ken, aged 65, is about to retire, while Diane, aged 63, has already retired. Ken has a superannuation benefit worth $280,000.

They also have $10,000 in a savings account, $30,000 in a ‘balanced’ portfolio via an Investor Directed Portfolio Service (‘IDPS’)*, and $60,000 in a term deposit. All three of these investments are held in joint names.

Ken and Diane own a home worth approximately $400,000 and have lifestyle assets (including the family car and home contents) valued at around $35,000.

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Meet Tony and Joanne

Tony is 54 and Joanne is 49. They’re married and their children have moved out of home. They both work full-time and earn salaries of $80,000 and $35,000 p.a. respectively.

Tony and Joanne have $100,000 and $30,000 in their respective super funds and have selected ‘conservative growth’ portfolios with approximately 50% invested in shares and property. They are receiving the minimum level of Superannuation Guarantee contributions from their employer (i.e. 9% of salary p.a.). Their super funds also provide life and TPD (total and permanent disability) insurance cover of three times their salary, including their accumulated super balances.

They have $10,000 in a savings account, $30,000 in a term deposit and $70,000 in a ‘balanced’ portfolio via an Investor Directed portfolio Service (‘IDPS’)*. All three investments are in joint names and the after-tax income is being reinvested.

The couple owns a home valued at $500,000. However, they still owe $120,000 on their home loan and the minimum repayment is $1,393 per month for 10 years.

After meeting their living expenses, they have a surplus cashflow of $30,000 p.a. (after-tax) to make additional home loan repayments and/or top-up their investments. Tony has also just received an inheritance of $50,000.

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