Dave and Kelly’s Story
Dave is originally from the UK and Kelly is an Australian. They are married with three beautiful girls aged 6, 4, and 6 months. Dave is an IT solutions architect consulting in the financial services sector via his own business. Kelly is currently a full time mother.
“Having arrived in Australia requiring full support with my financial arrangements and needing everything from a new company to an accountant and a mortgage, I have found Scott to be professional, competent and extremely well connected.”
Before we were referred to Dave by his financial adviser in the UK he had been living in Australia for 12 months. He was trying to navigate the Australian system and re-establish themselves financially here after being well set up in the UK. They had spoken to several different professionals but had been disappointed because these people weren’t sufficiently familiar with the unique aspects that apply to UK expats.
It was clear that they needed someone who understood both the UK and Australian financial systems and help them get their financial house in order.
UK Pension transfer
With an Australian wife and young children Dave knew he wanted to bring his Pensions across but didn’t know where to start. We helped him to understand the pros and cons of a transfer and helped to facilitate this in a painless manner. We assisted in getting Dave a competitive rate on his currency transfers, and worked with his UK financial adviser to work out what to keep over there and what to bring to his new home in Australia.
Introduction and collaboration with other relevant professionals
It was clear that Dave and Kelly were looking to get a number of things set up. Several banks had pushed back on finance but after an introduction to the right person Dave and Kelly soon purchased the home they wanted in Sydney. We introduced Dave to an accountant and collaboratively assisted with the winding up of Dave’s UK business and setting up a new company and family trust in Australia.
Established positive financial behaviours
We helped Dave and Kelly develop a clear strategy for achieving their goals. We worked with Dave to ensure that his family were financially protected especially as he was now a self-employed contractor. We highlighted all the opportunities and choices relevant to them, allowing them to have an informed and personalised plan to build, grow and protect their wealth wherever it was located.
“Scott has effectively sorted out my entire financial position from pension to super, life insurance, introductions to mortgage brokers and accountants. Nothing has been too much trouble and everything has been executed with competence, knowledge, experience and professionalism. As a Brit settling in Australia, I cannot recommend his services more highly”
Mark and Naomi’s Story
Mark came to Sydney from London to run the Australian operations of a European based confectionary business. Naomi has a successful marketing career and is coming to terms with the sleeping habits of their first child who is almost one.
“Moving from one country to another is not easy from any perspective, there is so much to consider.”
They have both enjoyed their lifestyles for many years with good incomes but were unsure what to do with their money now they were living in Australia. They were applying for PR and wanted a plan. We had met prior to the birth of their daughter and they had good financial behaviours but wanted to know what to do with the surplus income.
Ensured their lifestyle could be maintained in the future
We helped Mark and Naomi understand what they needed in the short, medium, and long term and built a savings, investment and retirement plan with their surplus money. This gave them confidence they were making intelligent decisions about what to do with their money.
Adjusted the plan after the birth of their daughter
Mark and Naomi hadn’t always thought they would have children so this was a major mindset shift. We helped them navigate the financial implications of this life change and understand what needed to be adjusted. We introduced them to an estate planning solicitor, made relevant modifications to their insurance position, and established a school fees fund.
UK Pension transfer
Once their PR had come through and they had decided they were going to stay in Australia long term they decided to bring more assets in to Australia. We helped them to move their UK Pensions in to Superannuation in Australia, and save money on currency transfers for their remaining savings after the sale of their London home.
“I was introduced to Scott and his team by my financial advisor in London. Scott has made the minefield of a new countries financial, taxation, investment and insurance systems simple and taken stress away from my busy schedule. His advice is yielding very positive results both in terms of time required to manage my family’s affairs and, most importantly, income!
I would recommend him without hesitation.”