We have offices in Sydney, Melbourne, Perth, Brisbane, Adelaide, Canberra, Hobart and Newcastle

Debt Management

Many clients that we assist have debts both in terms of type and level that will mean that it will be difficult for them to accumulate wealth or maintain sufficient funds for a modest retirement lifestyle. As an example, the age at which many Australians are able to pay off their debts such as a mortgage is over 70 years of age.

We can perform an analysis to consider debt repayment strategies simultaneously with your wealth creation/superannuation objectives. These include:

  1. prioritising repayment of debts
  2. impact of interest rates and repayment frequency on your debt
  3. consolidating debts
  4. debt v super – whether surplus monies should be allocated to super or applied towards additional repayments on your debts
  5. Investment and debt management strategies

Projections take into consideration when you want to retire, and changes in life circumstances such as for example, if you were to become separated and had a joint mortgage.

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Australia is awash with debt. While Australia compares favourably to other countries in terms of debt of corporations, the Commonwealth Government, State Government and Local Governments, the household sector carries considerable debt.

If you believe that your debt levels are too high or are impinging your ability to have the life you want, contact Setch today to gain control of your financial future. We are experts at debt management.

The term debt management services can encompass many different types of approaches. At Setch, we work with our clients holistically so that debt management is integrated with the consideration of investments and superannuation. We do not recommend particular debt products. Our role is to provide debt management advice and modeling without a debt product agenda. This way we are able to act in our clients’ best interests.

We find that many Australians are carrying debt without a debt management plan, and know that they are going to have debt at retirement. They are relying on Australian super performance to pay out their debts at retirement but this means that they cannot achieve their real retirement objectives which may include a comfortable retirement, with a part or full aged pension supplemented by their superannuation. Setch Group is here to assist you.

When we provide a debt management plan it is important to understand the different types of debt and where it destroys wealth and where it can be used to build wealth. Our debt management advice is customised, and as an example shows through scenarios and projections how different types of debt impact your wealth accumulation. The interest on some debt is tax deductible and on other types of debt is not tax deductible making it very expensive.

As part of our debt management services we have seen clients with high levels of car-related or personal debt that will make it difficult to gain control of their financial future. A particularly insidious form of debt is debt that once was once interest-free but as it rolls off that interest-free period becomes highly expensive and not tax deductible.

We work with our clients on debt management as an integrated part of their financial planning. What this means is that we strategies for our clients to reduce quickly destructive debt enabling them with a debt management plan to start wealth accumulation. We understand how stressful life can be, and debt can significantly contribute to that stress, but with a debt management plan circumstances can be changed..

It is usually never too late to start planning your debt management, but the earlier you start by engaging debt management advice the better. Contact Setch today to a obligation-free discussion as to how our debt management services and debt management advice can assist and support you.


Debt Management Advisor

Managing debt effectively is a cornerstone of financial security. At Setch Group, our expert debt management advisor team helps clients regain control of their finances with tailored strategies that integrate debt repayment with wealth creation and retirement planning. Whether it’s developing a debt management plan in Australia, prioritising repayments, or consolidating loans, we provide solutions to help you achieve financial independence.


Why Work With a Debt Management Financial Advisor?

Debt is a significant barrier to wealth accumulation for many Australians. High debt levels can delay financial goals like retirement or building wealth from mortgages to credit cards and personal loans. A trusted debt management financial advisor can help you navigate these challenges with strategies that suit your unique circumstances.

At Setch Group, we offer debt management services tailored to your financial goals. Our approach includes prioritising debt repayment, consolidating multiple debts into a single, manageable payment, and balancing surplus funds effectively between debt reduction and superannuation contributions. Additionally, we align debt management with investment strategies to help you build wealth while reducing financial burdens.

We focus on holistic financial planning and help clients integrate debt management into their broader financial strategies.


Simplify Your Finances With a Debt Management Plan in Australia

No two financial situations are the same, so our financial advisors for debt management services are customised to meet your needs.

Our approach includes:

  • Debt analysis: Understanding your debts' terms, interest rates, and tax implications.
  • Projections and scenarios: Assessing how life changes, like job transitions or retirement, could impact your debt strategy.
  • Risk assessment: Identifying high-interest debts that could derail your financial progress.

We also educate clients on the distinction between “good” debt, such as a mortgage that allows you to invest in a home, and “bad” debt, like high-interest credit cards, which can impact your credit score. By creating a structured debt management plan in Australia, we empower you to reduce financial stress and focus on your long-term goals.

Our services extend to related areas, including superannuation financial advisors and financial advisor aged care, ensuring complete financial support.


How Our Debt Management Advisors Can Help

At Setch Group, we prioritise transparency, expertise, and personalised service. Working with our debt management advisor team means:

  • Clear guidance on debt repayment and consolidation strategies.
  • Customised plans that align with your wealth creation and retirement goals.
  • Ongoing support to adjust strategies as your circumstances evolve.

Our clients value our results-driven approach, which simplifies complex financial decisions and provides measurable improvements in their financial health.


Manage Debt Effectively With a Financial Advisor for Debt Management

Contact Setch Group to schedule a no-obligation consultation with our expert debt management financial advisor team. We’ll help you achieve your goals and build a secure financial future.

Life is a journey, it is unpredictable

How that journey unfolds for each person varies considerably. We use our experience to help our clients to make better financial plans and decisions to do better and make the journey better.
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Debt Repayment Strategies

We can perform an analysis to consider debt repayment strategies simultaneously with your wealth creation/superannuation objectives. These include prioritising repayment of debts, impact of interest rates and repayment frequency on your debt, consolidating debts, debt v super - whether surplus monies should be allocated to super or applied towards additional repayments on your debts and investment and debt management strategies. Projections take into consideration when you want to retire, and changes in life circumstances such as for example, if you were to become separated and had a joint mortgage.

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Personalised Advice

Sophisticated Investment Strategies

Cost-Effective Solutions

Comprehensive Financial Education

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Case studies

Superannuation and Debt Management

Robert is 59 years old and single. He earns over $150,000 but still has a mortgage, a car loan and personal debt, and is somewhat exposed to rising interest rates.

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Mortgage, Investments and Insurance

Costa and Susan have two children and are in their early thirties. They have a mortgage and surplus savings, they are looking for ways to accumulate wealth and want to consider insurance.

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Retiring Early

Matthew is 49 years old and has children from a previous relationship. He has a house, a car, a boat and a motorbike but a low super balance.

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Portfolio Construction and Wealth Management

Peter and Aisha are in their 40s. Peter is in the construction industry but has not been happy with the performance of his superannuation. He notices that many of the large superannuation funds have investments in office buildings and is curious how infrastructure projects will perform financially as interest rates rise and the risks of these assets classes.

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Investments and Superannuation in the context of Relationship Separation

Sandra is 52 years old and has recently separated from her partner. Sandra owns a house with a mortgage from a previous relationship, and she owns a property with her recent ex-partner, and is looking for guidance in relation to the financial aspects of the separation and how to manage her investments and superannuation.

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Insurance and Wealth Accumulation

Robin and Noa have two young children and are 40 years old. Robin earns close to $90,000 and Noa earns close to $160,000. They have a mortgage and a personal loan, with monthly savings of about $750.

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Financial advice for Blended Families

Weng and Karen are 62 years old and 54 years old respectively and have non-dependent children from previous relationships. They have been divorced.

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Financial Advice for Young Families

Patrick is a devoted father with a young family. He has a solid income and wants his superannuation to work hard for his family’s future. Like many Australians, his superannuation contributions are directed to a fund selected by his employer, which includes basic insurance arrangements. Patrick's scenario is common for people with growing families.

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Wealth Accumulation including Ethical, Sustainable and Governance Investing

Thao is in her late twenties and single. She recently bought an apartment but is renting, and has an interest in wealth accumulation with an ESG theme. Further, one of her friends was in an accident and did not have insurance in place.

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Insurance

Brydon is 37 years old and has been working in the mining industry and contributing to a default superannuation fund offered by his employer. His family circumstances have changed significantly since he started working, in that he has a partner and two children.

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Frequently asked questions

In financial advice, debt management refers to understanding all your debts, their term, interest rate (level, and fixed or floating), tax deductibility of interest, and associated risks. In managing your debts, your objective will be to understand how these debts are going to be repaid and prioritising which debts are to be paid first to try to optimise your position. It is understanding how your debts and their management fit into your financial plans and strategies, and involves understanding how different debts work and impact wealth, and often involves financial modelling and projections.

Effective debt management is crucial for building wealth and achieving financial independence. Without a clear strategy, high debt levels can delay retirement planning, reduce investment opportunities, and create financial stress.

Deciding whether to allocate surplus funds to debt repayment or superannuation depends on factors like interest rates, tax benefits, and your financial goals. A financial advisor for debt management can provide projections and scenarios to help you make an informed decision.

Subject to caps, when you are over the age of 60 years you can access your superannuation in a tax effective manner and there are strategies to reduce your debt and in some instances limit the reduction in your superannuation balance through recontribution as a salary sacrifice. It is important that as a person approaches retirement and that may be over a 10 year period that they are managing their debt to reduce its balance quickly in preparation for retirement.

Setch Group is a national financial advice and financial planning practice that is dedicated to providing clients with advice that is in their best interests, and helps clients on an ongoing basis to make wise financial decisions to gain control of their financial future. Our clients have a wide range of goals and objectives and we customise our advice accordingly. In the particular case of debt management we have had considerable success in showing our clients how debt both good and bad impacts their financial position.

This is the first step to developing a plan for wealth accumulation, which may mean financial independence, potentially the option of early retirement, funding a comfortable retirement or something more, individual and family financial security and a range of other long term objectives. As our role is ongoing, where that is what the client wants, we help to implement our advice including debt management plans and review and adjust them over time.

Whether it is providing debt management advice or evaluating Australian super fund performance comparatively to construct a portfolio for you, Setch has the breadth and depth of experience.

A debt management plan in Australia is a structured approach to understanding, prioritising, and repaying debts. It includes strategies like consolidating debts, reducing interest expenses, and aligning debt repayments with long-term financial goals.

Failing to manage debt can lead to long-term financial instability, high interest costs, and limited retirement savings. Certain debts, like high-interest credit cards, can quickly spiral out of control without a repayment strategy.

Setch Group’s debt management financial advisor team offers tailored advice to help you reduce debt, build wealth, and achieve financial independence. We integrate debt strategies with superannuation and investment planning to ensure a comprehensive approach to your financial future.

Our other services

Superannuation Investment and Portfolio Construction

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Superannuation and Wealth Accumulation

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Debt Management

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Pre-Retirement Planning

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