Joining host Keith Ford, the CEO of Generation Life, discusses some of the common misconceptions around investment bonds and why they should be considered for wealth accumulation and estate planning.
Hackett explains the advantages investment bonds offer over superannuation, especially in the context of the proposed doubling of the tax rate on superannuation earnings exceeding $3 million, and the importance of financial advice in helping investors navigate different tax structures.
Generation Life Limited (Generation Life) AFSL 225408 ABN 68 092 843 902 is the product issuer. The information provided is general in nature and does not consider the investment objectives, financial situation or needs of any person and is not intended to constitute personal financial advice. The product’s Product Disclosure Statement and Target Market Determination are available at http://genlife.com.au and should be considered in deciding whether to acquire, hold or dispose of the product. Professional financial advice is recommended. The offer made in the PDS is only available to persons receiving the PDS in Australia. Generation Life excludes, to the maximum extent permitted by law, any liability (including negligence) that might arise from this information or any reliance on it. Generation Life does not make any guarantee or representation as to any particular level of investment returns. Past performance is not an indication of future performance. Other than in relation to Generation Life’s product, information detailed is factual information only and is not intended to imply any recommendation or opinion about superannuation products or superannuation investment.
The investment bond’s long-term effective tax rate of 12-15 percent mentioned in this video are an indicative effective average tax rates – these represent the estimated effective average annual tax as a percentage of earnings for each 12-month period over a period of 15 years. Actual tax amounts payable are not guaranteed and may vary from year to year based on the earnings of investment option(s).
