The removal of anti-detriment payments, announced in the Federal Budget and effective from 1 July 2017, will have a profound effect on non-dependant beneficiaries receiving death benefit payments from un-taxed elements of superannuation funds. This is now commonly known as “Australia’s Death-Tax by Stealth”. Prior to 1 July 2017, where trustees allow it, it is […]
insurance bonds
Funding a $100,000 child’s first home deposit with an Insurance Bond
Many parents are increasingly worried about the financial burden of their children who are financially unable to afford to leave home before age 30 or even later. An Insurance Bond can help as a dedicated investment to assist their children to meet the financial challenges of accumulating a first home deposit. For grandparents, this is […]
Retirees adopting income layering strategies using different structures
While superannuation has done its job in providing a low tax environment to save for retirement, Austock Life is finding that more clients that have ordinary money invested are seeking other annuity-like structures to sit alongside their superannuation pension accounts or ordinary annuities to boost income and make the money last longer. Clients, or their […]
How can I fund my children’s education?
Your children’s education is often at the forefront of parents’ minds, but for those wanting to send the kids to private schools it’s vital they plan ahead.
Early access to money is available with an insurance bond – not with super
Younger generations now have longer to wait for their superannuation as the preservation age has risen to 60 and is mooted to rise further. As a long-term growth investment, under a tax-effective product structure, insurance bonds are ideal for many life-event, financial, tax and estate planning objectives. Earnings taxed within an Insurance Bond are capped […]
Avoid a challenge to charitable bequests by unhappy family members
Charitable bequests are often the target of disgruntled family members left out of, or unhappy about the contents of the deceased’s Will. It is possible to make charitable bequests and ensure the wishes of the benefactor are privately and directly met outside of a legal will and the deceased’s estate. “Some Insurance Bonds have a […]
Personal planning strategies that suit imputation bonds
The taxation and other features of the modern Insurance Bond favourably positions it as an alternative vehicle to using a family or discretionary trust for some personal planning strategies. Insurance Bonds (like the Imputation Bond) are the next best investment vehicle to superannuation and are experiencing a rebirth as a finance, tax and estate planning […]
Austock Life doubles its capabilities to service financial advisers
Specialist issuer, Austock Life, with an insurance bond book of $600 million says that the re-emerging insurance bond market is set for a further growth spurt due to the introduction of lifetime caps for non-concessional contributions no matter who wins the election. Largest BDM team for one product: insurance bonds As the leading player in […]