Where do you want to be in 10 years?

Planning for the future should be fun and exciting. Where do you want to go on holiday? When will you own your own home? What are your dreams for your business, your family and retirement?

How often have you thought about these things and it has felt just a little too hard? The problem is that our lives are busy. We’re more likely to be doing rather than planning. Consequently, our goals for the future are often overtaken by what is more immediately in front of us.

Chances are you’re already part way along the journey to being Financially Well Organised. The Financially Well Organised approach builds upon those aspects already in place to create a comprehensive structure of plans, goals and protections which work together to deliver for your long-term future.

Hear below from Matt Schlyder, Director of FWO Chartered Accountants, on the importance of having a strong foundation set in place, as well as growth strategies that holistically align to your goals.


The Financially Well Organised approach to goal setting is simple. Determine what your personal priorities are, decide what you need to do to achieve them and then figure out the shortest and most straight-forward way to get there.

We prepared the below resource guide regarding Goals & Objectives to provide guidance on a number of considerations. The guide discusses the important financial and lifestyle facts to weigh up, as well as how the Financially Well Organised philosophy will set you on the right path.

Download the guide here

Work out the action plan to get you to your destination.

At FWO, our purpose is to guide you to become Financially Well Organised. Talk to us about your next step.

The 10 key elements to becoming Financially Well Organised

When you have a clear strategy for each of the elements, you will be  Financially Well Organised and you too can have peace of mind your financial affairs are in order.

Plan ahead to ensure your wishes are carried out

While none of us particularly like to think about ‘What happens when I’m gone?‘, improper or no planning for your estate can lead to family disputes, assets getting into the wrong hands and long court litigation. It’s estimated that nearly half of all Australians pass away without even having a Will. Procrastination is the biggest enemy of estate planning.

A common misconception is that everything you ‘personally own’ will be dealt with under your Will. This is all too often not the case. Most likely your Will does cover the distribution of assets held in your name but a proper estate plan goes beyond this to ensure all of your wishes are carried out once you are gone. Estate planning is about making sure the right assets end up with the right people at the appropriate time. It accounts for all of your assets and will ensure your plan is executed smoothly after your passing.

There’s more to estate planning than simply writing a Will

A Will only covers the assets owned in your name. A Will does not cover:

    • your superannuation,
    • assets owned in a company, or
    • assets owned in a trust.

This is exactly why your estate plan needs to consider who will control things once you are gone. Trustscompanies and superannuation funds all have different rules when it comes to distribution of assets. In blended families and particularly when businesses are involved, there are frequently disputes which arise given the varied and competing interests of family members.

Click the video below to hear Matt Schlyder, Founding Director at FWO Chartered Accountants, discuss key considerations in making sure the right people are in control of your assets, so they can deliver on implementing your wishes.


As we heard in the video above, a common misunderstanding is that your Will covers your superannuation, whereas its actually the trustee of the super fund who decides how those benefits are distributed. A Binding Death Nomination directs who your super fund trustee gives your super benefit to. If you haven’t nominated someone, the super fund trustee will decide.

The Estate Plan Guide provided below takes a close look at trusts, companies and superannuation funds in the context of estate planning, and considers Self Managed Superannuation Funds (SMSF), the role of Life Insurance Policies as well as how a Testamentary Trust can place certain protections in your Will.

Download the guide here

Don’t leave your estate to chance. Get your affairs in order.

At FWO Chartered Accountants we are across all of your financial affairs and structures. We are in a unique position to work with you and your solicitors to create an estate planning strategy. Having an effective and well-thought-out estate plan can provide some certainty for your family through what is a major life event. Talk to us about your next step.

The key elements to becoming Financially Well Organised

When you have a clear strategy for each of the elements, you will be  Financially Well Organised and you too can have peace of mind your financial affairs are in order.

Protecting what’s important

Every year we review the insurance for our cars, homes, even our pets, but for some reason we don’t pay the same attention to the insurance we have on ourselves. It doesn’t make any sense, particularly when you consider the greatest risk facing your family is your capacity to earn money. Minimising that risk starts with asking some difficult but important questions. If you die, get sick or disabled:

    • Will your family’s standard of living suddenly diminish?
    • Will your loved ones be left with massive medical bills which are impossible to cover?
    • Will your income dry up overnight?

The only true way to counter this risk is through savings and insurance. For some people with substantial assets, insurance may not be necessary, but for most of us insurance is an essential backstop to the worst-case scenario.

Click below to hear from Matt Schlyder, Founding Director at FWO, on how to effectively minimise your risk, and how an appropriate level of insurance cover fits within your Financially Well Organised strategy.

Your Family’s Financial Security

The idea of personal insurance is to protect your family’s assets and income to ensure they have the ability to make choices. There are four main types of personal insurance that should be considered in any Risk Plan.

Our Risk Plan guide below discusses the important details of the key insurances, to help guide in evaluating what cover is right for you and your family’s circumstances.

Download the guide here

Discover practical tips for your risk management plan.

Should the unthinkable happen, careful prior planning is essential when it comes to providing for our family’s future.

The 10 key elements to becoming Financially Well Organised

When you have a clear strategy for each of the elements, you will be  Financially Well Organised and you too can have peace of mind your financial affairs are in order.

Disclaimer: This material has been prepared for general information and does not take into account the objectives, financial situation and particular needs of any particular person. Readers of this page should seek professional advice to confirm that the products or strategies mentioned are appropriate in the light of their particular needs, objectives and financial circumstances prior to acting upon any information contained herein. While reasonable care has been exercised and the statements contained herein are based on information believed to be accurate and reliable, neither The Advice Exchange nor its directors, employees, agents or Authorised Representatives shall be liable (unless otherwise required by law) for any loss or damage suffered or caused to any person or corporation resulting from or contributed to by any error or omission from such statements including any loss or damage caused by any fault or negligence on the part of The Advice Exchange or otherwise. Liability limited by a scheme approved under Professional Standards Legislation. FWO Financial Services Pty Ltd ABN 31 121 576 412 is a Corporate Authorised Representative 307410 of The Advice Exchange Pty Ltd ABN 55 107 629 194 AFSL/ACL 278937.

Protect your assets with the right structure

The best approach to asset protection is to get the structure right from the outset. But what is meant by asset protection?

An Asset Protection Plan covers the ownership structure of assets, ensuring they are owned in the right names or entities in order to limit the risk of exposure to creditors. You’ve most likely heard of most of the common structures: companies, trusts and partnerships, but did you also know that in some instances, ownership of assets within superannuation can be a beneficial ownership strategy?

It’s important to learn the best ways to protect your assets, and to understand the advantages and disadvantages of each structure. Ultimately, the kind of asset protection you’ll need will depend on your circumstances.

Hear from Matt Schlyder in the video below on the different entity structures and how each can be employed to mitigate the risks of your financial activities.

Safeguard your wealth while you profit safely.

The Asset Protection guide below will help you consider the pros and cons of each entity structure in your circumstances.

Download the guide here

If you would like to run through your asset protection strategy at anytime, please feel free reach out on 07 3833 3999,
or via email at matt@fwoca.com.au

The 10 key elements to becoming Financially Well Organised

When you have a clear strategy for each of the elements, you will be  Financially Well Organised and you too can have peace of mind your financial affairs are in order.

Be smart about tax and keep more of what you earn

There is no denying it has been another disruptive financial year, with small business again at the forefront of the interruptions. Fortunately, there are tax planning strategies you can implement to potentially minimise your tax liability.

When it comes to being Financially Well Organised in a tax planning context, the primary goal is to pay the least amount of tax while remaining compliant with the law. You may be thinking, ‘Tax rates are fixed. Other than making sure I claim all of my deductions, there must be little I can do to pay less tax.’


In reality, the complexity of Australia’s taxation system works in your favour
when it comes
to reducing the amount you pay back to the government. 

Being Financially Well Organised with your tax plan means structuring your assets and income effectively in the right entities to take advantage of lower rates of tax. In other words, by limiting exposure to higher tax rates, you are able to keep more of your after-tax income.

Can your income be taxed at lower marginal rates? Are your assets structured to take advantage of corporate and superannuation tax rates? In the video below, Matt Schlyder shares some essential tax planning tips to lower your tax burden.

Identify and implement your available tax planning strategies.

The Tax Planning resource guide below examines a variety of tactics for lowering your effective tax rate and
explores different examples of how efficiently structuring your income and asset ownership can
significantly reduce the amount of tax you pay..

Download the guide here

Contact us to schedule a tax planning appointment and to discuss the best strategy to reduce the amount of tax you pay.
Please contact Matt Schlyder at matt@fwoca.com.au or on 07 3833 3999.

The 10 key elements to becoming Financially Well Organised

When you have a clear strategy for each of the elements, you will be  Financially Well Organised and you too can have peace of mind your financial affairs are in order.

Debt is only a concern if it is not managed properly

Debt is often a necessary part of achieving our objectives. Many of us have spent much of our adult lives in some form of debt, whether it’s from home loans, business loans, personal loans, or credit cards. Having a debt management strategy entails more than just “getting rid of it quickly”.

When we borrow, we use assets as security. Many people are unaware that your loan security is not fixed. We take on unnecessary risk by providing more security than is required and failing to restructure.

Your Debt Plan ensures that:

    1. the best interest rates and terms on the loan have been negotiated,
    2. a clear action plan to pay off the debt has been determined, and
    3. the assets exposed to borrowing are limited and only sufficient to support the borrowing as security.

Matt Schlyder unpacks the most efficient way to structure your debt and discusses exactly what a Debt Plan should look like in the video below.

The Ask yourself if the bank only holds the bare minimum of assets as security to meet their maximum Loan-to-Value Ratio (LVR). The brief Debt Plan guide provided below contains clear strategies for efficiently structuring your debt and discusses the significance of understanding your Loan-to-Value Ratio.

You can get the guide here

Our purpose is to guide you to manage debt in a clear, deliberate, and tax effective manner that aligns to your goals and
overall Financially Well Organised plan. If you would like to review your debt position and run through your debt plan strategy at anytime, please contact Matt Schlyder at matt@fwoca.com.au or on 07 3833 3999.

The 10 key elements to becoming Financially Well Organised

When you have a clear strategy for each of the elements, you will be  Financially Well Organised and you too can have peace of mind your financial affairs are in order.

When can I choose to stop working?

Aside from superannuation, the key to a successful retirement plan is determining the amount of assets required to support your desired income and lifestyle. Everyone’s situation is unique.

The following are the key steps in developing your Retirement Plan:

    1. work out your retirement income needs, which will determine the amount of assets you need to accumulate,
    2. once you know the level of assets you need, determine the mix between your active and passive assets, and
    3. look at the current market value of these assets and take into consideration your costs and commitments.

In the video below, Matt Schlyder explains how a Retirement Plan fits into your overall Financially Well Organised strategy and the approach we take in building your Retirement Plan.

One of the keys to wealth accumulation is structure.

The Retirement Plan guide below provides a practical summary of key considerations for your retirement.

Download the guide here

We are here to help guide you at every stage of life.
As always, if you would like to discuss any of the considerations in your Retirement Plan,
please contact Matt Schlyder at matt@fwoca.com.au or on 07 3833 3999.

The 10 key elements to becoming Financially Well Organised

When you have a clear strategy for each of the elements, you will be  Financially Well Organised and you too can have peace of mind your financial affairs are in order.

The forgotten gold mine!

Most businesses are capable of being sold; it’s just a matter of how much they are worth. A potential purchaser is likely to pay more for your business if the risk to their return income is less. After all, your business is the only asset you can affect the value of.

How much money it produces is something over which you have considerable control. The higher the business profits, and the lower the business risk, the higher the value of the business.

Achieving success for your business means taking the time to dig into and focus on a number of key factors which will improve your revenue and profitability. The 5 Key Drivers to Business Success are:

  • Business Context;
  • Organisational Responsibility;
  • Financial Management Systems;
  • Revenue Strategy; and
  • Leadership.

Hear from Matt Schlyder below as he discusses the 5 key drivers and what you should focus on to increase profits while reducing business risk.

By removing yourself from day-to-day decision making in the business and ensuring you have the right people managing key strategies and areas of your business, you can effectively:

Drive profits higher x Reduce business risk = Higher business value

A potential buyer of your business should feel that the business would operate profitably when you are no longer the in the picture. Click on the Business Plan guide below to read about the 5 Drivers to Business Success.

Get the guide here

Our purpose as your trusted advisor is to help guide you to achieve your business goals and overall plan to become Financially Well Organised. If you have any questions or would like to discuss any aspect of your Business Plan, please contact Matt Schlyder at matt@fwoca.com.au or on 07 3833 3999 at anytime.

The 10 key elements to becoming Financially Well Organised

When you have a clear strategy for each of the elements, you will be  Financially Well Organised and you too can have peace of mind your financial affairs are in order.

Too good of an opportunity to pass up

We all have superannuation, but how many of us really do anything with it? The ‘set and forget’ approach is easy to understand. Money goes in with the expectation that it will grow into a nice nest egg, and when we retire, we will sit back and take a pension or a lump sum.

We’re often apprehensive about going anywhere near our superannuation. We are naturally protective of the one thing we can count on in retirement. Effective superannuation planning does not put your retirement savings at risk. On the contrary, it is about taking advantage of superannuation’s numerous advantages, particularly the low tax on earnings and asset protection benefits.

Click on the video below to hear Matt Schlyder discuss the benefits of long-term compounding growth in a low-tax superannuation environment.


By increasing concessional contributions, more wealth can be held (and grown) in the tax-efficient superannuation environment, where investment earnings are taxed at (only) 15%. This tax rate may be significantly lower than the individual marginal tax rates you would otherwise face. Click on the guide below to read more about how super can help you grow your wealth.

Download the guide here

A final thought: Did you know that.

…when your fund begins paying a pension (in the retirement phase), the tax on earnings in the fund is 0%?
This increases the benefits of compounding higher after-tax returns through retirement.

If you have any questions or would like to discuss your superannuation plan at anytime,
please contact Matt Schlyder at matt@fwoca.com.au or on 07 3833 3999.

The 10 key elements to becoming Financially Well Organised

When you have a clear strategy for each of the elements, you will be  Financially Well Organised and you too can have peace of mind your financial affairs are in order.

Disclaimer: This material has been prepared for general information and does not take into account the objectives, financial situation and particular needs of any particular person. Readers of this page should seek professional advice to confirm that the products or strategies mentioned are appropriate in the light of their particular needs, objectives and financial circumstances prior to acting upon any information contained herein. While reasonable care has been exercised and the statements contained herein are based on information believed to be accurate and reliable, neither The Advice Exchange nor its directors, employees, agents or Authorised Representatives shall be liable (unless otherwise required by law) for any loss or damage suffered or caused to any person or corporation resulting from or contributed to by any error or omission from such statements including any loss or damage caused by any fault or negligence on the part of The Advice Exchange or otherwise. Liability limited by a scheme approved under Professional Standards Legislation. FWO Financial Services Pty Ltd ABN 31 121 576 412 is a Corporate Authorised Representative 307410 of The Advice Exchange Pty Ltd ABN 55 107 629 194 AFSL/ACL 278937.

Investing for your future

A Financially Well Organised investment strategy should be centred around preserving your capital and aligning with your goals and attitude to risk. The key to investment planning is understanding the trade-off between risk and reward.

Risk can be thought of as the difference between the expected return of an investment and the actual return. There are many types of risk that relate to investment strategy such as inflation risk, market risk, economic and political risk, legislative risk, and so on.  One way to manage risk is to diversify your investments. For proper diversification, investors should select a variety of investments within the major asset classes (e.g. cash, property and shares). Another aspect of risk management is how long you’re prepared to wait for a return.

Watch the below video to hear about the role attitude to risk plays when making investment decisions, as well as key investment principles to keep top of mind while planning any investment strategy.


A final consideration is liquidity. When new market opportunities arise you may want the ability to take advantage of them. Having a portfolio that quickly allows you to convert assets to cash will provide you with this important flexibility.

We have prepared a brief Investment Plan resource guide to provide you with further detail on a number of key considerations. The guide discusses the ‘Risk versus Return equation and the guiding principles of diversification and accessing capital.

Download the guide here

Invest today, secure your tomorrow.

The 10 key elements to becoming Financially Well Organised

When you have a clear strategy for each of the elements, you will be  Financially Well Organised and you too can have peace of mind your financial affairs are in order.

Disclaimer: This material has been prepared for general information and does not take into account the objectives, financial situation and particular needs of any particular person. Readers of this page should seek professional advice to confirm that the products or strategies mentioned are appropriate in the light of their particular needs, objectives and financial circumstances prior to acting upon any information contained herein. While reasonable care has been exercised and the statements contained herein are based on information believed to be accurate and reliable, neither The Advice Exchange nor its directors, employees, agents or Authorised Representatives shall be liable (unless otherwise required by law) for any loss or damage suffered or caused to any person or corporation resulting from or contributed to by any error or omission from such statements including any loss or damage caused by any fault or negligence on the part of The Advice Exchange or otherwise. Liability limited by a scheme approved under Professional Standards Legislation. FWO Financial Services Pty Ltd ABN 31 121 576 412 is a Corporate Authorised Representative 307410 of The Advice Exchange Pty Ltd ABN 55 107 629 194 AFSL/ACL 278937.