Financial Planning for Tradies

Your Wealth, Our Expertise

Welcome to Steering Wealth - Your Financial Planning Partner

Steering Wealth is an Australian financial planning practice dedicated to empowering young Australians in their 20s and 30s to achieve financial security and growth. Among our key client groups, we have a special focus on tradies—those hardworking individuals in highly skilled trades—who often face unique financial challenges and opportunities.

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Why Financial Planning is Essential for Tradies

As a tradie, whether you're an electrician, plumber, carpenter, or any other skilled trade professional, your work is often physically demanding and comes with its own set of financial considerations. Here's why financial planning is critical for you:

• High Earnings Potential: Many tradies are in highly paid positions or run profitable businesses. Ensuring you're making the most of your income through smart financial planning and tax minimisation strategies is crucial.

• Tax Minimisation: As a high earner, effective tax minimisation advice can save you significant amounts of money. At Steering Wealth, we help you understand the tax implications of your earnings and guide you in making informed decisions that reduce your tax burden.

• Physical Nature of Work: The demanding nature of your job means you need to consider personal insurances that protect you in case of injury or illness. We provide insights into the best insurance options tailored to the risks associated with your trade.

• Importance of Insurance: Ensuring you have the right personal insurance coverage is crucial. This includes income protection, life insurance, and total and permanent disability (TPD) insurance. Protecting your income and your family from unexpected events is a key component of a solid financial plan.

• Self-Employed Tradies: If you're self-employed, you face additional financial planning challenges. From managing cash flow to planning for retirement, we assist you in navigating these complexities and securing your financial future.

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Our Services for Tradies

At Steering Wealth, we offer a comprehensive suite of financial planning services designed to meet the unique needs of tradies. Our expertise includes:

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• Income and Tax Planning: Strategies to maximise your earnings and minimise your tax liabilities.

• Insurance Planning: Tailored advice on personal insurance policies to protect you from the financial impact of injuries or illnesses.

• Retirement Planning: Building a robust retirement plan to ensure you can enjoy a comfortable and secure retirement.

• Investment Advice: Guiding you in making smart investment choices that align with your financial goals.

• Business Planning: Support for self-employed tradies in managing and growing their businesses effectively.

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