Melissa is in her mid-50s and works in a high-paying, corporate job. She’s in a happy 2nd marriage, and lives with her two kids, along with her new husband and his two kids from a previous relationship.
Her father recently passed away and left her a large inheritance, which meant she could pay off debts and put money into Super.
There’s a limit to how much Melissa can put into super each year, so she’s seeking an alternative option to invest the $450,000 that’s left over.
She sees this new wealth as an opportunity to do good in the world and wants to invest in options that align with her values and will make a difference in the world.
Retirement is still a little way off, but she wants the flexibility to switch to a low-risk investment strategy as she gets closer to retirement.
The money will be used to create an income in retirement, so Melissa wants to minimise the tax she pays on any returns.
When she passes, she wants any money to go direct to her children without them having to pay tax on it. She doesn’t want her step-kids to contest the money for her children.