Over the next 90 days, Foresters Financial is offering a special $500 Top Up Bonus to the first 50 NSA members who choose to invest, grow and protect their wealth through an investment or education bond. Call Jenny Liakopoulos on 0499 865 203 for a confidential, no-obligation discussion or enquire online. T&C's apply*.
Foresters Financial is built on a proud 174-year history of protecting our members’ financial interests.
Building on our original philosophies from 1849, Foresters Financial today is a modern bond specialist organisation that empowers prosperity and protects your legacy.
As investment bond specialists, we grow wealth for tomorrow through approachable solutions and an innovative, considered investment approach.
We offer simple digital services and have dedicated local support when you need it and manage over $400 million worth of funds under management. With Foresters, your finances will always come first: as a proud mutual, we do not distribute profits to shareholders.
Investment bonds are a flexible, tax effective, long-term investment vehicle that enables the transfer of wealth between generations with no tax on beneficiaries. The investment sits outside of your estate, ensuring it cannot be contested, and the tax is paid within the bond at a maximum rate of 30%.
An Education bond has all the features of an Investment Bond with the following added benefits:
• 30% Education Tax Benefit
• Access Tax Free Capital
• Invest for Your Child/Grandchild’s education
A funeral bond is designed to assist individuals in planning and funding their future funeral expenses. It is essentially a savings or investment plan specifically earmarked for funeral costs and does not count towards any asset tests* with Services Australia.
1. When can I access my money?
You can access your money at any time. If any withdrawals are made in the first ten (10) years, then investment earnings can be assessable income for personal income tax purposes.
2. How safe is my bond investment?
Funds held in a Foresters Financial Bond are safe and may only be invested in a manner as specified in the Fund Rules and the Life Insurance Act 1995. Foresters Financial is also regulated by the Australian Prudential Regulation Authority (‘APRA’).
3. Do I need to declare my income on my tax return?
As an investor, you do not need to declare any income accrued on your investment in your tax return or keep any capital gains record whilst you are invested in the Fund.
When you make a withdrawal from the fund after 10 years, and after meeting the 125% Contribution Rule, income on your withdrawal is not assessable income When you make a withdrawal from the fund after 10 years, and after meeting the 125% Contribution Rule, income on your withdrawal is not assessable income and therefore does not need to be declared on your personal income tax return. Any withdrawal within the first 10 years will however result in some level of assessable income. The investor will need to declare the assessable income in their personal tax return in the year it was withdrawn.
4. What if I change my mind – is there a cooling off period?
Yes, if you change your mind for any reason, simply provide written notice of your intention to cancel your Foresters Financial Investment Bond investment and return your Certificate of Membership within thirty (30) days from the date of issue or such other period permitted by relevant legislation. Foresters Financial will then refund all money contributed (subject to any applicable local State or Territory laws) less any fees, taxes and applicable stamp duty, after adjustment for any movement in the value of your unit-linked investment options. The cooling off period does not apply to applications related to contributions, switching, savings plans, or after exercising rights or for wholesale, sophisticated or professional investors.
The information is of a general nature and does not consider your individual objectives, financial situation, or needs. Please consider the Product Disclosure Statement and Target Market Determination before deciding to acquire the products. Please obtain independent professional advice before making any decisions. Financial services are provided by Foresters Financial Limited (ABN 27 087 648 842, AFS Licence No. 241421). Past performance information is not a reliable indicator of future performance.