Omnis retirement planning case study

Structuring retirement planning reaps results for former ‘do it yourselfer’

Retiree Ross led a varied and interesting career – from jumping out of army helicopters, to being a ski instructor and owning his own business – he’s never done things by halves.

So when it came to selling his mum’s home and finalising her estate, he felt it wasn’t a DIY matter.

“I needed to do something with the sale proceeds so they could be distributed to family and before capital gains set in,” says Ross. “The people who sold mum’s house knew Justin Flavel and suggested he could help.”

“Soon after, Justin introduced me to Daniel Morcombe and we haven’t looked back.”

Daniel has helped Ross and wife, Carol, organise their finances according to their priorities. With retirement planning top of their list, Omnis Group worked out the income they needed and then planned how to provide it. Part of doing so also meant reducing any risk whilst using their invested funds to supply an income stream. Daniel’s strategy was to utilise maximum superannuation contributions and then held funds in lower income earner to minimise tax in retirement.

“What we’ve got invested is my army pension plus Carol’s super which gives us tax effective income throughout the year, so we’re very happy.”

Originally on hand to assist with the execution of his mother’s estate, Omnis Group is now also helping Ross and Carol with their personal tax and Financial Planning.

“We’re talking about updating our cars at some point so Daniel has set up an account for when we eventually purchase those, plus a buffer for incidentals so we’re very organised.”

“Before selling mum’s house I was still doing it mostly myself, but I couldn’t have done it as well without Omnis Group,” says Ross. “I’m only interested in helping my family and Omnis Group have made it easy for us to get good results.”

They’re also great fun,” Ross adds. “Daniel keeps in touch with us all the time and looks after things. The ladies who look after reception are also great to deal with so I’m as happy as I can be. I always recommend Omnis Group whenever anybody asks.”

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