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5 Minute Financial Health Check (Self Assessment Questionnaire)

Please select employment status to view the questions

Please answer each question below on a scale of 1 to 4 or N/A as follows:

1
Not at all confident and needs urgent attention in the next 1 to 3 months
2
Not confident and needs reviewing in the next 6 months
3
Quite confident but may need reviewing in the next 12 months
4
Very confident and no attention is required at the moment
N/A
Not Applicable

How confident am I that...

  1. My current income meets my living costs
  2. My current income meets my living costs
  3. My income is well structured and tax efficient
  4. My income is well structured and tax efficient
  5. My children's education costs are covered
  6. My income will last throughout my retirement
  7. My surplus income is being invested efficiently for wealth creation
  8. I am receiving all my government pension entitlements
  9. My income and employment are secure

How confident am I that...

  1. I have an appropriate 5 year wealth plan
  2. I have a tax efficient investment structure
  3. I have a tax efficient investment structure
  4. I understand the risk/reward trade-off between my investment strategy and other options
  5. I understand the risk/reward trade-off between my investment strategy and other options
  6. My investments are achieving my goals
  7. My investments are achieving my goals
  8. I can sleep at night with the investments I have in place
  9. I can sleep at night with the investments I have in place

How confident am I that...

  1. My debt is structured in the best possible way
  2. My current level of debt is appropriate
  3. I have the right mix of personal and investment debt
  4. I have a plan to eliminate any outstanding debt
  5. I have a strategy to eliminate my personal debt in the shortest possible time
  6. I understand the implications of gifting or lending money to my children
  7. My overall debt levels are appropriate for my current life status
  8. I understand how debt could be used if my retirement funds run out
  9. My debt plan is regularly reviewed

How confident am I that...

  1. My insurances cover me comprehensively for most foreseeable circumstances
  2. If my children had a serious illness or injury they would not require my financial assistance
  3. I am paying the most competitive premiums
  4. I understand my options with regards to Aged Care
  5. I have the appropriate levels of cover in place
  6. I understand the implications of being a guarantor for my children's debt
  7. My family would continue to live comfortably if something happened to me
  8. On my death I have accounted for my children's personal and financial circumstances
  9. My insurance policies are regularly reviewed

How confident am I that...

  1. I have a clear understanding of my retirement goals
  2. I am living the retirement I envisaged
  3. I have a clear understanding of my desired retirement income needs
  4. That my ongoing retirement goals will continue to be met
  5. I am on track to achieve my required income in retirement
  6. I understand my options if my retirement funds run out
  7. My retirement funds will last throughout my retirement
  8. I understand the impact of a one off expenditure on my retirement funds
  9. My retirement funding strategy is structured tax efficiently

How confident am I that...

  1. My Will is right up to date and reflects my current wishes
  2. My Will is right up to date and reflects my current wishes
  3. My assets will be transferred to all the right people, at the right time tax efficiently
  4. My surviving family or executor would easily find all relevant documentation
  5. I have someone that is able to make financial decisions on my behalf if I am unable to do so
  6. Someone is able to make financial, medical & lifestyle decisions on my behalf if I am unable
  7. My surviving family or executor would easily find all relevant documentation
  8. My estate assets will be transferred to all the right people at the right time tax efficiently
  9. My family is aware of my medical and lifestyle wishes
Please ensure you complete the 'compulsory fields' and answer all the questions.