How to Choose the Right Financial Adviser For You
A financial adviser can be life-changing. Not only can they simplify complex financial decisions and help you achieve specific lifestyle…
Earning $175,000 or more in Australia puts you in the high-income bracket—a position that brings both opportunity and responsibility. While your current lifestyle may be comfortable, have you considered what it takes to maintain this standard of living throughout retirement? Are you maximising the true potential of your income?
Financial planning for high-income earners needs to consider:
ActOn Wealth financial advisers in Melbourne specialise in financial advice for executives and those earning significant salaries. We understand the complexities and opportunities your pay cheque brings, and we know how to transform today’s income into lasting wealth tomorrow.
Our expertise will help you manage complexities and capitalise on opportunities. Find out how with a no-cost, no-obligation meeting.
Turning Obstacles into Opportunities
From the outside, it might appear like happy sailing. However, the following are common challenges facing many Australian executives and high-income earners.
High Tax
A sizeable salary typically puts you in the high tax brackets. You’re probably being taxed 37%, or over $53,000 annually.
Limited Time
Your salary reflects your responsibility and the time you invest in your career. It’s challenging to find time to manage and, indeed, fully grasp your finances.
Lack of Investment Diversification
With so much at stake, you can fall victim to analysis paralysis or become overwhelmed by options. It might feel easier to let your capital sit in savings.
Retirement Concerns
You’re now accustomed to a particular lifestyle, but how do you maintain it once you retire?
Lifestyle Inflation
When you move in circles at this financial level, spending can sometimes exceed earnings.
We’re not here to judge. We’re here to secure your financial future with tailored, considered advice.
We provide a suite of comprehensive financial services and believe the following are of particular value to you:
You require a unique, tailored strategic financial plan that considers areas such as managing bonuses or commission payments (and aligning these with major lifestyle purchases), planning for dividend distribution, setting aside funds for tax obligations, maintaining emergency funds, and anticipating market downturns. Effective budget and cash flow management are paramount for these ebbs and flows.
Company shares, options, and restricted stock might result in a one-dimensional investment portfolio. Our wealth creation advisors can research diversified options that balance your risk tolerance and income needs. We provide regulator monitoring and reviews and outline robust capital preservation strategies.
We mentioned earlier that you’re likely paying 37% tax. You can take advantage of many tax deductions, including work-from-home expenses, professional development, transport, and more if you're employed. You can also consider salary-sacrificing, which enables you to pay for certain expenses pre-tax income.
Negative gearing can also be an effective strategy applied to investment properties and even loans for shares and other assets. Franking credits can offset your taxable income, as can setting up a trust fund and donating to Not-for-profit organisations.
Our tax planning accountants can explore and take advantage of all these and more.
In addition to your employer’s compulsory benefits, you can make concessional superannuation contributions of up to $27,500 per year at a reduced rate of 15%. Just be aware that if your combined employer and concessional contributions tally over $250,000, you may be liable for Division 293 tax. Our financial advice for high-income earners will prioritise your superannuation planning.
A Self-managed Super Fund (SMSF) could be an option for many high-income earners in Australia. This gives you more control over the investments the fund makes and could expose you to opportunities otherwise unavailable. However, the set-up costs and financial and taxation acumen required to run an SMSF cannot be overstated. Our high-wealth financial advisors can certainly provide significant expertise in this area.
Your most valuable asset is you. Tailored insurance advice is crucial for safeguarding your wealth and ensuring you and your dependents are fully covered for all eventualities.
An estate plan ensures your wealth is correctly distributed to those you love and should therefore be a priority now, not further down the track. As a high-net-worth individual, you may intend to create a lasting legacy for generations, so it’s important to get the planning right today.
However, as you near the later stages in life, transferring your substantial wealth will become increasingly important. Ensuring your insurance policies cover estate taxes and legal fees is crucial, as you don’t want beneficiaries to be weighed down with such worries.
Now is the time to act. Turn today’s success into a sustainable and strong future for you and your family.
Tailored Advice to Move the Dial on Your Finances
Personalised Guidance
Our financial planning for executives understands the complexities and the vast opportunities you will encounter on your wealth-building journey.
Comprehensive Analysis
We thoroughly analyse your financial status, goals and risk tolerances to form a robust strategy for success.
Dedicated Support
Our specialist team is responsible for checking in and providing support at every stage of this process. We have a strong reputation for empowering clients with as much knowledge as possible, so you can steer your own ship with us as your safety net.
We’re Impartial
ActOn Wealth is not aligned with any bank, institution or industry super fund. As such, we provide completely impartial advice.
We’re ready to define and deliver on what success looks like for you.
For Smart High-Net-Worth Financial Planning
From strategic tax planning and comprehensive risk management to cash flow optimisation and retirement planning, successful financial planning for high-income earners requires a holistic, thorough and tailored approach. ActOn Wealth delivers in spades. Arrange a no-cost, no-obligation meeting and discover how we can achieve the results you want.
Make your investments work as hard as you do. Find out how with our team.
The more straightforward question to answer is where or how not to invest if you’re a high-net-worth Australian. Diversification is key to growing and protecting your wealth. Your ActOn financial wealth planner can help develop and diversify your investment portfolio; just ask us how.
You can consider many ways to reduce your Australian taxes, including salary-sacrificing, negative gearing, setting up trust funds, making voluntary superannuation contributions, franking credits and making charitable donations. We provide tailored advice as part of our financial planning for high-income earners.
The government classifies anyone who makes over $175K a year in Australia as a high-income earner.
Financial advice is recommended for high-net-worth individuals to protect and grow their wealth. However, it is a misnomer to think financial advice is only for the rich. Australians on all income-earning levels should seek tailored financial planning to make the most of the present and prepare for the future.
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You’ve clearly made solid progress in building a strong financial foundation. You’re either actively investing, managing your debt, or planning for the future with a great level of intention.
Still, there’s always room for refinement — whether that’s maximising tax efficiency, reviewing your investment strategy, or preparing for big life events like retirement, children’s education or legacy planning.
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You’ve already laid some important groundwork — maybe you’ve started investing, built up super, or set financial goals. That’s fantastic progress.
With a few adjustments, clearer strategies, and some expert support, you could move from financial confidence to real financial empowerment.
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You’re not alone — many Australians feel unsure about where to start. If you’re feeling disorganised, unsure, or worried about the future, now’s the time to take control.
Working with a financial adviser isn’t just for the wealthy — it’s for anyone who wants clarity, confidence, and a roadmap forward.
No matter your score, ActOn Wealth can support you with clear, strategic advice to help you take control of your financial future. Whether it’s optimising your super, reducing tax, planning for retirement or aligning investments with your values – we’re here to help.