About you—Brad and Zara Personal details Brad Zara 43 years old 41 years old Employed as an IT project manager earning Employed part-time at a primary school as a $85,000 per year plus 9.5% superannuation teacher’s aide earning $16,000 per year plus 9.5% guarantee contributions (paid by your employer). superannuation guarantee contributions (14 hours Currently has 3 months’ sick leave available. per week). Excellent health Excellent health Non-smoker Non-smoker No family history of hereditary diseases or early Family history of hereditary diseases (cancer) death Standard private hospital cover Standard private hospital cover Has a current will (last updated 2015) Has a current will (last updated 2015) Has a current power of attorney (last Has a current power of attorney (last updated 2015) updated 2015) You have two children: Lola (10) and Noah (7). They are currently at public primary schools, and not expected to go to private schools. You are not planning to have any other children at this stage. What you own and what you owe You own Owner Value You owe Amount Total House Both $550,000 Mortgage $440,000 n/a ABC Bank joint-access savings account Both $5,000 n/a n/a n/a ABC Bank mortgage offset account Both $25,000 n/a n/a n/a Superannuation: First Corporate Brad $100,000 n/a n/a n/a Superannuation Fund Superannuation: OZ Industry Zara $30,000 n/a n/a n/a Superannuation Fund Other assets Both $10,000 n/a n/a n/a Total n/a $720,000 n/a $440,000 n/a Net wealth $280,000 n/a n/a n/a n/a
About you—Brad and Zara Personal details Brad Zara 43 years old 41 years old Employed as an IT project manager earning $85,000 per year plus 9.5% superannuation guarantee contributions (paid by your employer). Currently has 3 months’ sick leave available. Employed part-time at a primary school as a teacher’s aide earning $16,000 per year plus 9.5% superannuation guarantee contributions (14 hours per week). Excellent health Excellent health Non-smoker Non-smoker No family history of hereditary diseases or early death Family history of hereditary diseases (cancer) Standard private hospital cover Standard private hospital cover Has a current will (last updated 2015) Has a current will (last updated 2015) Has a current power of attorney (last updated 2015) Has a current power of attorney (last updated 2015) You have two children: Lola (10) and Noah (7). They are currently at public primary schools, and not expected to go to private schools. You are not planning to have any other children at this stage. What you own and what you owe You own Owner Value You owe Amount Total House Both $550,000 Mortgage $440,000 n/a ABC Bank joint-access savings account Both $5,000 n/a n/a n/a ABC Bank mortgage offset account Both $25,000 n/a n/a n/a Superannuation: First Corporate Superannuation Fund Brad $100,000 n/a n/a n/a Superannuation: OZ Industry Superannuation Fund Zara $30,000 n/a n/a n/a Other assets Both $10,000 n/a n/a n/a Total n/a $720,000 n/a $440,000 n/a Net wealth n/a n/a n/a n/a $280,000
example-soa-rg90-published-31-may-2017.docx