About Momentum Financial Planning

Momentum Financial Planning is a family business that has been operating in Coffs Harbour for over 25 years.
We pride ourselves in being a very personal business and believe continual client contact and being accessible at all times is paramount to both our and our client’s success.
We operate in a professional and confidential manner.
We provide advice which is tailored to our client specific objectives, needs and goals, enabling us to form close, long term partnerships with our clients. We are guided by the knowledge of our client’s personal situation, and this will form the sole basis of our recommendations.

The business has two working directors; Shane Gourley and David Gourley. Both have Advanced Diplomas in Financial Services (Financial Planning).
Support staff includes Kerry Ball (Front Office Manager).
Momentum has achieved an excellent reputation as a high quality supplier of quality financial advice including:
• Financial Planning
• Retirement Strategies
• Superannuation
• Personal Insurance
• Wealth Protection
• Investment Planning
• Estate Planning
• Debt Management

With the bulk of our clients located in the Coffs Coast area, an extensive and growing client base sees us providing advice everywhere between Coffs Harbour, Sydney, Brisbane and Tamworth.

Latest Financial Focus

Temporary reduction in drawdown requirements

The Federal Government has announced a new temporary reduction in the minimum drawdown requirements for account-based pensions and similar products by 50% for both the current financial year, and next.

With many retirees seeing their super account balances reduce in value significantly due to share market volatility due to the Corona Virus pandemic, this rule change may assist retirees who do not wish to sell their investment assets while the value of those assets is reduced.

Here’s how it works depending on your age

Your age            Default minimum drawdown rates (%)    Reduced rates by 50% for 2019-20 & 2020-21

 

65 – 74                                                  5%                                                                          2.5%
75 – 79                                                  6%                                                                          3%
80 – 84                                                  7%                                                                          3.5%
90 – 94                                                  11%                                                                        5.5%
95 or over                                           14%                                                                        7%

 

If you’ve already drawn more than the new minimum, you can elect not to receive any further money from your account-based pension this financial year.

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Momentum Financial Planning - Financial Services Guide

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Testimonials

"We have been with Momentum Financial Planning for over 8 years now and have always received quality financial advice. The guys are easy to talk to and make even the most..."

Greg & Ann, Coffs Harbour
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Meet the Team at Momentum

Donna Hale

Office Manager
Team Profiles

Newbrocom Pty Ltd (ABN 39 152 026 330) trading as Momentum Financial Planning is an authorised representative of Charter Financial Planning Limited, Australian Financial Services Licensee Licence number 234665.

 

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TERMS & CONDITIONS

Momentum Financial Planning is one of a select number of businesses that has been awarded Certified Quality Advice Practice status by Charter Financial Planning. This programme sets an industry benchmark for providing high-quality financial advice. The certification is awarded based on industry qualifications, demonstrated best practise business operations and proven success in meeting the financial planning needs of clients.

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