ING launches super calculator
ING has created a desktop calculator that allows advisers to determine whether to invest the proceeds of a client’s assets into superannuation, thus taking advantage of the Government’s undeducted contribution opportunity.
ING’s SuperCharge Calculator can evaluate the benefits of selling investments such as shares, managed funds or property for investment in super by factoring in any capital gains tax and modelling net income flows and capital growth.
The calculator will assist advisers in helping their clients make the most of the one-off opportunity to transfer up to $1 million into super before July 1 as an after tax contribution.
After this date, the limit on after tax contributions will fall to $150,000 a year.
ING technical services manager Rudy Haddad said the tool could calculate complex investment and tax scenarios, which would usually take advisers hours to complete, in seconds.
“Rather than focus purely on investment assumptions, the real value of the calculator is in the comparison of relativities,” Haddad said.
“The SuperCharge Calculator is a comprehensive tool for advisers to evaluate whether it makes sense to maintain existing investments in their current structure, such as individually-owned shares or property, or dispose of those assets and contribute to super.
“The calculator is really a time-efficient tool to assist advisers in working out the benefits and impacts of one strategy versus another, giving them clear bottom-line outcomes.”
Recommended for you
Insignia Financial intends to be the leading wealth manager by 2030 as it moves away from acquisitions to achieve $200 million in cost savings per annum over the next five years.
Count chief executive Hugh Humphrey is keen for the firm to be a leader in the new world of advice as the industry generates valuable businesses post-Hayne royal commission.
Four individuals, including three senior staff from Canaccord Genuity, have collaborated to launch their own Western Australian wealth management firm.
Thematic ETFs are beginning to gain ground among advisers seeking to enhance portfolio diversification and tap into specific growth themes, according to leading ETF providers.
