| Item | Field | Where can I find this? | What is it? | Example |
|---|---|---|---|---|
| 0 | Starting value | Set at 0 for year 1. For year 2, it will be the End Value of year 1. | - | 0 |
| 1 | Sale of assets | (See assets – item 20) | This is the net proceeds of all asset sales for Client & Partner. | 400000 |
| 2 | Lump SUM from reverse mortgage | See debts – item 23 | This is a capital drawdown that is paid if a reverse mortgage is implemented | 0 |
| 3 | Lump SUM from superannuation | See superannuation – item 17 | This is the SUM of all lump SUM drawdowns from superannuation | 0 |
| 4 | Annuity cashout | See annuity – item 17 | This is the net proceeds of all annuity proceeds that a Client & Partner have cashed out of. | 0 |
| 5 | Inheritance received | (See income amount from fact find) | This is money received via an inheritance. It is a direct input from the Fact Find (see future cashflow) | 0 |
| 6 | Bad debt | See debts – item 23 | This is drawdown from a bad debt (credit card) that is required to fund specific lifestyle requirements. | 0 |
| 7 | Loan repayment from company | (see company savings register – Item 5) | This is repayment of a loan from a private operating company to either Client or Partner. | 0 |
| 8 | Trust drawdown | (See trust savings register – Item 7) | This is drawings out of a family trust. | 0 |
| 9 | Proceeds from SMSF asset purchase | (See SMSF savings register – Item 7) | This is money received from assets that the SMSF has purchased directly off a Client or Partner. | 0 |
| 10 | Lump SUM tax | Calculated | Lump sum tax depends on age and the low rate threshold cap used as per the following link. | 0 |
| 11 | SMSF recontribution | (See re-contribution matrix) | This is the sum of re-contribution amounts from a SMSF. | 0 |
| 12 | Super recontribution | (See re-contribution matrix) | This is the sum of re-contribution amounts from other super accounts. | 0 |
| 13 | Sub total 1 | Calculated | SUM OF ITEM 1 – 9 – ITEM 10 | 400000 |
| 14 | Change in debt value | (see debt register) | SUM of instant debt repayments (Item 22) – SUM of additional debt (Item 23) | 0 |
| 15 | Lend money to private company | (See company savings register – Item 2) | Loan to a private company from Client and Partner | 0 |
| 16 | Lend money to trust | (See trust savings register – Item 2) | Capital contribution to a family trust | 0 |
| 17 | Sub total 2 | Calculated | SUM OF ITEM 14 – 16 | 0 |
| 18 | New asset purchases | See assets – item 19 | This is the total purchase value of all new asset purchases | 0 |
| 19 | Transaction costs | (See asset register – Item 15) | This is the total transaction costs on asset purchases | 0 |
| 20 | Annuity purchase price | (See annuities register – Item 9) | This is the total cost of all NON-SUPER annuity purchases | 0 |
| 21 | Gifting | Optimised | All gifting amounts will be taking into consideration when assessing Centrelink entitlement | 0 |
| 22 | Advice up front costs | Calculated | SUM of all upfront advice costs not paid for by a product | 0 |
| 23 | RAD payment | Optimised | This is the upfront cost of Aged Care accomodation. | 0 |
| 24 | Sub total 3 | Calculated | SUM OF ITEM 18 – 23 | 0 |
| 25 | Revised value | Calculated. This must be > 0. | Item 13 – Item 17 -Item 24 | 0 |
| 26 | Salary | Calculated | This is SUM of CLIENT & PARTNER salary | 207308 |
| 27 | Pension payments | (See pension register – Item 12) | SUM of all pension income | 0 |
| 28 | Annuity payments | (See annuity register – Item 12) | SUM of all annuity income | 0 |
| 29 | Reverse mortgage payments | (See debt register – item 23. Note: debt must be a reverse mortgage debt type – Item 3) | Regular reverse mortgage drawdown | 0 |
| 30 | Government parental pay | Calculated | This is calculated if client is taking time off work for parental leave | 0 |
| 31 | Centrelink entitlement | Calculated | SUM of all pension + allowances | 0 |
| 32 | Centrelink rent assistance | Calculated | Client must be renting, and be in receipt of other accepted Centrelink payments to be eligible. | 0 |
| 33 | Centrelink entitlement family tax benefit | Calculated | Client must be renting, and be in receipt of other accepted Centrelink payments to be eligible. | 0 |
| 34 | Investment income | Calculated | This is the SUM of all income paid from Assets | 0 |
| 35 | Sub total 4 | Calculated | SUM OF ITEM 26 -34 | 207308 |
| 36 | Total expenses | (See Expenses – Item 15) | SUM of all expenses | 137273.61 |
| 37 | Final taxes payable | (See tax register – Item 37) | This is combined final tax payable for CLIENT & PARTNER | 48242.61 |
| 38 | DAP Paid | Calculated | This is the unpaid RAD * daily approved rate | 0 |
| 39 | Means tested daily fee | Calculated | Review how aged care fees are calculated here | 0 |
| 40 | Sub total 5 | Calculated | SUM OF ITEM 36 – 39 | 204028.31 |
| 41 | End value | Calculated (This must be > 0) | Item 25 + Item 35 – Item 40 | 3279.69 |
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