Financial planning
The early part of your financial journey can be exciting. You’ve finished studying, you're finally independent. You're making money and your career is underway.
Would you like to be financially secure?
If you’re keen to get ahead and achieve your financial goals, you'll need to establish some good money habits early. If all that sounds a bit daunting, consider speaking to a financial planner. A planner can help you understand your options and choices, then put together a plan for you to follow.
The value of seeing a financial planner is so much greater when you’re young – you’ve got more time to decide your goals and work towards them. Maybe you're thinking about moving out of home? You might want to start saving for something big like a car, holiday or even a property. Or perhaps you’re ready to get married and have a baby?
Whatever your situation, you'll need to work out what your dreams are and how to make them happen. A financial planner can help you to develop positive financial habits to ensure your goals are on track and within reach.
A financial planner can also help you:
- prepare a budget
- build wealth through investing
- minimise your tax and boost your super
- set up an education savings plan
- ensure you have adequate and suitable insurance.
The 6-step financial planning process
When you meet with a financial planner, they will usually follow these steps:
| Step 1 | Gather your financial information such as income, debts, financial commitments and so on. |
|---|---|
| Step 2 | Determine your current situation, ongoing needs and short and long-term goals. |
| Step 3 | Identify any financial problems or special considerations you may have. |
| Step 4 | Upon your approval, prepare a written financial plan (Statement of Advice), including recommendations about your existing and/or alternative financial products for you to consider. |
| Step 5 | Implementation of your plan. |
| Step 6 | Regularly review your plan (at least once a year) to ensure you’re on track to achieve your goals and revise where necessary. |
The steps the financial planner takes may ultimately depend on your circumstances and the type of advice you request. It really isn’t that hard or daunting and the sooner you get started, the better off you could be.
Where can I get financial advice?
As a member you have access to a qualified financial planner at a reduced rate through Health Super Financial Planning. To start your retirement planning and/or to consider your future years call Health Super Financial Planning on 1300 780 223.
Health Super Financial Services Pty Ltd (trading as Health Super Financial Planning) ABN 37 096 452 318, AFSL No. 240019 is a wholly owned subsidiary of Health Super Pty Ltd (the Trustee of Health Super). Health Super Pty Ltd pays Health Super Financial Planning (HSFP) half of the annual 1% account keeping fee charged for Health Super’s Pension products. Health Super Pty Ltd also pays a variable monthly amount to HSFP to conduct member seminars. Health Super is not a representative of HSFP and receives no commission when making a referral to this service.
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