Initial Assets represent the things you own at the start of your financial plan.

This includes assets like savings, investments, property, superannuation, and other valuables. Canwi uses these starting values to project how your wealth may grow over time.

You can add assets during onboarding or update them later.

During onboarding - Assets can be added while setting up your scenario: on the onboarding/assets page

After onboarding, you can manage assets from:

These pages allow you to add, edit, or remove assets at any time.

When adding an asset, you'll first select the Asset Type.

Available types include:

Each asset type includes slightly different inputs depending on how it behaves financially.

Most assets include the following core fields.

A short name that helps identify the asset.

Examples:

Select who owns the asset.

If the asset is jointly owned, you can enable Custom split to specify uneven ownership percentages.

For example:

Ownership percentages are used when calculating taxable impacts and wealth projections.

This is the value of the asset at the start of the plan.

Canwi uses this value as the starting point for growth projections.

The expected annual increase in the asset's value.

For example:

If a property worth $1,000,000 grows at 5%, it would be projected to reach $1,050,000 after one year.

Growth assumptions can significantly affect long-term projections, so choose a realistic estimate.

Some assets generate income.

Examples include:

These assets allow you to enter a Yield Rate or income amount.

Income rates are applied to the asset's projected value each year.

When adding a Property, you can also include:

If the property is an investment property, you can enter expected rental income.

Canwi will automatically calculate the rental yield based on the property value and income.

For property assets, you can record whether the property is:

You can also add usage history to support more accurate Capital Gains Tax (CGT) calculations.

This is useful if a property has changed use over time (for example, moving from a home to a rental property).

Super assets include an optional setting:

If enabled, Canwi will track unused concessional contribution caps from previous years.

This can increase how much you may be able to contribute to super in the future.

You can enter your concessional contributions for the past five financial years to estimate available carry-forward amounts.

Vehicles are treated as depreciating assets.

Cars typically lose value over time, so you can enter an annual depreciation rate to model this.

Some assets have slightly different characteristics.

Collectables

Items such as art, watches, wine, or classic cars. These can appreciate in value but are often harder to price.

Digital assets such as Bitcoin or Ethereum. These assets can experience significant price volatility.

Assets such as gold or silver.

Investments like bonds that typically provide regular interest payments with lower volatility.

To create realistic projections: