We met John and Sally when they were 65 and 57 years old respectively. They were empty nesters with a small mortgage and planning on retiring in a couple of months. To celebrate their retirement they wanted to undertake some well overdue home renovations and finally payoff their mortgage and be debt free. It was important to John and Sally to have an indexed income of $40,000pa throughout their retirement.
Shane had experienced a few of life’s misfortunes and had fallen behind in both preparing his small businesses GST returns as well as his personal income tax returns. He tried to get things back on track but was considerably stressed about being so far behind with the ATO.