Below is a list of all strategies that are available within iff for practices that are subscribed to an ongoing plan. Please note; if you are within a licensee, your licensee may choose a subset of the below.
👤 Who
This guide is relevant to users who want to understand what strategies can be modelled within iff.
Strategies within iff are categorised within two buckets:
Quantitative Strategies: Strategies that have a direct impact on our modelling engine.
Qualitative Strategies: Text only strategies that have no direct impact on the modelling engine.
📈Quantitative Strategies
Strategies that have a direct impact on our modelling engine
Cashflow
Salary packaging (non-super items)
Set aside cash to meet a planned goal
Spend Less Pre Retirement
Spend Less Post Retirement
Investment
Re-balance your portfolio back to your Risk Profile
Managed Fund
Exchange Traded Funds (ETFs)
Regular Savings Plan
Invest via a "Managed Account" structure
Invest a Lump Sum
Withdraw Investment
Listed Investment Companies (LICs)
Listed Investment Trusts (LITs)
Superannuation
Personal Concessional Super Contributions
Salary Sacrifice Super Contributions
Non-Concessional Contribution
Make Non-Concessional Contributions to receive Super Co-Contribution
Bring Forward Rule*
Concessional Contribution to reduce CGT
Cash out and re-contribute to Super
Rollover your superannuation
Withdraw from super
Withdraw a lump sum from super and re-contribute to spouse
Spouse contribution
Super contribution splitting
Superannuation consolidation
* Limited to a single use in the modelling
Retirement
Commence an Account Based Pension
Commence Transition to Retirement and Salary Sacrifice (Salary Swap)
Reboot Pension
Transition to retirement (to increase cashflow)
Increase ABP Payments
Decrease ABP Payments
Commute a reversionary pension
Commute your pension
Retain a reversionary pension and increase pension payments
Retain a reversionary pension and decrease pension payments
Withdraw from pension
Withdraw a lump sum from pension and re-contribute to spouse
Delay Retirement
Debt
Clear home mortgage
Establish an offset account*
Debt consolidation (maintain loan repayments)
Debt consolidation (reduce total loan repayments)
Increase your debt repayments (non-deductible debt)
Lump sum debt repayment (not home loan)
Refinance an existing home loan
Lump sum debt repayment (reduce home loan)
Debt recycling
Gearing (instalment)
Gearing (lump sum)
* Unable to model existing Offset Accounts.
Insurance
Adjust Personal Insurance*
*Adjust personal insurance is a single strategy which encompasses all insurance strategy requirements.
📝Qualitative Strategies
The below strategies are available within iff as text only and will not impact the modelling.
Cashflow
Establish/Maintain a Cash Reserve
Maintain an expenditure plan (Budget)
Investment
Child Savings Plan
Dollar Cost Averaging
Non-superannuation platform
Establish a Managed Discretionary Account
Portfolio construction and management
Utilise an online share trading facility
Retain existing investment platform
Retain existing strategies
Education Savings Plan
Establish / Maintain a Cash Reserve
Superannuation/Pension
Superannuation platform
Retain existing superannuation account
Pension cash reserve
Retain an existing pension strategy
Debt
Reduce mortgage repayments and direct cashflow to super
Social Security
Age Pension *
Improve the family home to reduce assets and income
Commonwealth Seniors Health Card
JobSeeker Payment
Direct assets via Will for Centrelink purposes
Superannuation to reduce assets and income
Gifting to reduce assets and income
*Age Pension is automatically calculated in the tool so this strategy does not impact the modelling but does allow you to include the Age Pension within your Strategy Recommendations.
Estate Planning
Binding/Binding Non-Lapsing death nominations
Non-binding death nominations
Create a Will
Power of Attorney/Advance Care Directive/ Advance Care Planning/Health Directive
Establish a Discretionary Family Trust
Reversionary Beneficiary
Guardianship
Testamentary Trust
Review your Estate Plan *
* This strategy encompasses Binding/Non-binding Death Nominations, Creating/Reviewing a Will, Creating/Reviewing Guardianship and Creating/Review Power of Attorney/Advance Care Directive etc.
