Regular Savings

Think of it as “get rich slow”—regular savings are the foundation of financial independence. We help you build good habits by reviewing your income and expenses, and guiding you to set aside money regularly, even in small amounts. Over time, it adds up. Once you’ve built a base, you’ll be ready to start investing and growing your wealth.

Debt Repayment

It may not be exciting, but it’s effective. Paying off non-deductible debt like your mortgage or personal loans frees up cashflow for wealth-building. We’ll help you create a strategy to eliminate this type of debt and get on track toward financial freedom.

Salary Packaging

If you’re eligible, salary packaging can boost your cashflow and reduce your tax burden. By paying certain expenses before tax, you may end up with more take-home pay. We assess whether this strategy suits your situation and calculate the potential benefits.

If you’ve been working, saving and investing well, you want to enjoy the fruits of your labour, but increasingly Australians are finding themselves without the resources needed to support them through their post-working years. This is due to a number of factors, but the most important one is that we are living longer. As the population ages, there will be less tax base to support those on the pension.

We’re working harder and living longer so our investments have to work as hard as we have. Manging wealth is about incremental and prudent adjustment of your strategy in accordance with your needs, objectives, economic conditions and legislation. Menico Tuck Parrish have been helping clients transition to retirement for over a generation and continue to help them build, protect and pass on their wealth.

As your wealth grows, we help you put it to work so that it starts building on itself. We do deep research in order to huide you through the vast range of investment choices, from shares, property, managed funds to more sophisticated processes like gearing if they are appropriate for you.

If you want to take a more active role in determining your investment strategy, you can use us as a sounding board or second opinion for products you might be considering.

1. Timeframe – Short – medium – Long Term Investments

2. Borrowing to Invest

3. Managed Investments

4. Shares

5. Property

6. Tax Effective Wealth Creation

While as a nation we collectively face a large retirement savings gap, there are number of smart things you could consider doing to help make your future financial security isn’t at risk – through superannuation contributions. Most Australians are financially unprepared for retirement, partly because we are living longer than ever before and we have higher expectations of our retirement lifestyle. 

If you’re relying on your employer compulsory super contributions alone to meet your retirement goal, you could be in for a surprise. While the gradual increase in the super guarantee rate to 12% by 2025 will go some way towards closing the gap, it’s unlikely to be enough.

Strategies to help close the gap:

1. Set your target

2. Consolidate your funds

3. Contribute more to super – before or after tax

4. Transition to retirement

If you can replace what you can’t earn because you have had an accident or are suffering from an illness, you can focus on getting better while still meeting the commitments that don’t stop when work does. Insuring yourself makes sense when major illness, injury or trauma can be physically and financially crippling.

Looking after yourself and your wealth means selecting the right cover for your circumstances, budget and risk. We can help determine what cover you need, how it should be structured, the cost and how this fits in with your cashflow.

– Life insurance

– Total & Permanent Disablement Insurance

– Trauma Insurance

– Income Protection Insurance

– Key Person and Business Continuance Insurance

We don’t judge what you want to do—we care that you’re committed to doing it.

Most people have simple goals for retirement: to maintain their lifestyle, stay as healthy as possible, and leave something for their family. How much you allocate to each depends on your priorities, resources, and any government support available.

1. Retirement Income Streams
A smart way to use the savings you’ve worked hard for is to turn them into an income stream. These come in various forms—Account Based Pensions, Allocated Pensions, Annuities—but the idea is the same: your savings replace your paycheck.
Need a little extra now and then for travel, a new car, or unexpected bills? You can access lump sums when needed.

2. Government Benefits
For some, the Age Pension is a key part of retirement income. We can help structure your assets—like property, investments, and super—to improve your eligibility. We’ll review your situation to see how to best support your entitlements.

It will undoubtedly be a difficult time for your family and loved ones when you die. However, with sound estate planning, you can ease their burden by ensuring that your affairs are managed by someone you trust, your assets are transferred according to your wishes, and any tax liabilities are minimised.

As you might expect, estate planning involves legal as well as financial specialists. While a solicitor can take care of the legal aspects of your will, we can look at your total financial picture and help you with a broad range of issues such as funding and protecting your estate, avoiding challenges to your will, and minimising tax.

Moving into residential aged care can be a confusing and emotional process for all involved. Complex legislation, finances, paperwork – a lot is required and often faced during a health crisis. Hasty or uninformed decisions can cost thousands of dollars, and in some cases restrict the options of care available.

Aged care has its own language and so we are here to interpret for you. You will hear about RADs (Refundable Accommodation Deposits) and DAPs (Daily Accommodation Payments). Fees seem to be where ever you turn. So whilst we cannot ease the stress of moving someone into aged care we can ease the burden by:

– Giving you the options to consider and the projected outcomes so you can make a decision. This often centres around whether to keep or rent out the home or sell it.

– Structuring the cost of care whilst best suits you.

– Looking at ways of decreasing the cost of ongoing care if possible.

– Maximising government benefits.

– Doing the paperwork for Centrelink, DVA and the aged care facility.

So as long as you have the ACAT assessment (the medical report from the Aged Care Assessment Team), we can start the journey.