Here’s a Super alternative.

Superannuation is a tax effective way to save for retirement, however ongoing changes to superannuation rules and recent increases to the age pension age have many looking for a retirement savings plan in addition to their compulsory superannuation contributions.

The Life Events Bond is a great solution — a flexible, tax effective product to help you save for your retirement or early retirement. It also offers features that superannuation can’t provide with flexible access to your money and estate planning features, including passing funds to a broad range of beneficiaries outside of instructions in your Will.

 

The Life Events Bond has other great benefits as well including:

• No contribution limits (subject to the 125% rule)
• Not subject to any preservation or work test rules
• Death benefits can be directed to the estate or to nominated beneficiaries bypassing the estate
• Funds may be protected from creditors in the case of Bankruptcy
• Receive a full 30% tax offset where you withdraw funds during the 10 year period

 

Who is it for?

• Those wanting to access long term savings prior to retirement
• Those looking to boost savings close to retirement
• Those wanting to limit the legislative risk associated with superannuation
• Those wanting to Re-Invest excess superannuation pension payments

So if you’re looking for an investment option in addition to your compulsory Super, contact your Financial Planner or download a copy of the PDS found here.

 

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