Not everyone is great at planning and budgeting. So it’s no surprise that research from the Financial Planning Association of Australia has found that 80 per cent of working-age Australians are stressed about their finances.

But there is help out there and a Financial Adviser could be the key to reducing your stress and growing your wealth. Here are five areas an Adviser can assist you in:

1. Superannuation

If you’ve changed jobs a few times, it’s possible that you haven’t taken much notice of where your superannuation is going. You may have multiple super accounts accumulating fees and insurance premiums that you don’t need. A financial adviser can help you consolidate all these super accounts into one place, and select a super fund that best suits your needs. They can also help you work out any insurance that comes automatically with your fund, and cancel any unnecessary premiums.

2. Life insurance

Life insurance can be extremely beneficial to your family in the event that you or your partner pass away. It gives your family piece of mind that money will be available to keep paying bills and keep food on the table in a time of grief. With so many providers and policies in the market, it can be hard to know which will cover you best, and offer the best premiums. That’s where a financial planner can look at your circumstances and recommend the best policies for your family.

3. Debt management

Believe it or not, debt is not always a bad thing. Some types of debt helps you create wealth and build your life, like a home loan. It also creates equity, allowing you to look at investments and other wealth strategies.

However, some types of debt creates further debt by decreasing in value – think of credit cards, personal loans and car loans. Creating wealth starts with clearing these types of debts, and getting you on the path to no debt or the forms of debt that can help you create wealth and build your life. A financial adviser can help you budget to clear these debts sooner, and advise you on how some debt can actually grow your money in the long term.

4. Estate planning

In the event that you pass away, it’s important to leave a legally binding record of your intentions in a will. Without a will, the Government can decide how your estate – including funds, property and personal possessions - is divided. If you have an extensive investment or property portfolio, your financial adviser can be the best person to handle the planning of your estate. They can also provide tax effective solutions to your beneficiaries.

5. Self Managed Superannuation Funds

If you’re money savvy, you might like to take control of your own superannuation so you can choose your own investments. A financial adviser can help set you up, make you aware of all your legal and tax obligations, and provide ongoing support.

If you’ve never thought about financial advice before, now is an excellent time to find out more about the benefits and the process. Ask your H&R Block Agent about a referral to a Financial Adviser near you today! or click here for more information.

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Book a tax return appointment

Let us lodge your tax return for you. Our tax accountants have the knowledge to walk you through the tax refund process with ease. We are committed to offering expert and personal service year-round at a location convenient to you.

Book now