Cashflow Management

What to do with some unexpected extra money

Sydney West Financial services and Strategic Wealth Financial Services, Financial Advisers in Bella Vista can help you make the most of a sudden windfall.

Although windfalls may be unexpected, if and when they happen, how do you make sure you make the most of them? And, when it comes to inheritance, how do you know if there are any special obligations or considerations that apply?

Common questions to consider

Some questions you may wish to consider include:

  • What are my options?
  • Do I have to pay tax on an item I inherit?
  • I inherited a house and I want to sell it. Do I have to pay Capital Gains Tax?

Seeking Financial Freedom

Sorting out our finances is something we all need to do at some stage. You don’t need a large inheritance or an intricate knowledge of financial markets. Whether you’re just starting out or you’re trying to get ahead, you just need to know how to make the most of the money you’ve got and exercise a little discipline.

Common questions to consider

Some questions you may wish to consider include:

  • Where does my money go?
  • How do I make the most of my money?
  • Are there ways to save money on my debts?
  • How do I become a good saver?
  • What should I do about my super?
  • Do I need to protect my income through insurance?
  • How do I pay off my home loan sooner?

How we can help

If you have a sudden windfall like cash, property, shares or even a valuable item there may be financial implications. We can help you understand those implications and help you make the most of your windfall. We’ll also ensure you’re aware of any tax implications of your decisions.

We can:

  • Review and help you set goals and a realistic timeframe.
  • Identify your options if the windfall is cash and advise of tax considerations if the windfall is not cash.
  • Recommend a selection of investment options.
  • Advise you when you need to see an accountant or solicitor.

What to do next

If you want us to help you make the most of that windfall contact us today.

Sydney West Financial Services and Strategic Wealth Financial Services are Financial Advisers that provide quality, personalised advice.

Contact us today.