It's time to ‘tap into’ IOOF WealthBuilder
With an aging population, IOOF WealthBuilder is increasingly being used as part of a strategy which has the potential to deliver significant benefits to those preparing to enter into aged care.
Essentially the benefits are the result of investing in a tax paid investment structure which reduces the amount of income which is used to calculate the income tested fee.
Equally, IOOF WealthBuilder is being used for tax management, estate planning, business succession planning as well as for gifting to children, education savings and saving for other anticipated future events.
Mr Damian Hearn – IOOF National Technical Services Manager is particularly enthused by the recent renewed interest in investment bonds. “One of the greatest features about investment bonds is that they can be used for a wide range of strategies” he said….. “I believe they can offer significant benefits to investors when used as part of a tax-effective strategy. There’s really no equivalent type of structure available that offers as much flexibility as the investment bond.”
The IOOF technical team have also released a new strategy booklet to assist you in understanding how the rare combination of attributes found in IOOF WealthBuilder, gives rise to a range of financial planning strategies that could meet your clients’ needs.
Click here to hear directly from our investment specialists as they explore the use of IOOF WealthBuilder as part of a tax-effective strategy. For more information or to order your strategy kit, please go to www.ioof.com.au/wealthbuilder or call 1800 659 634 today.
This information is intended for financial advisers only. It is provided in good faith by IOOF Ltd (ABN 21 087 649 625, AFS Licence No. 230522) as the issuer of IOOF WealthBuilder.
Recommended for you
Sequoia Financial Group has announced it is selling off its Informed Investor subsidiary which it acquired in April 2022.
Wealth Data has examined which advice business model has seen the most growth since the start of the year including those that offer holistic advice.
Research conducted by Elixir Consulting and Lonsec has quantified the efficiency gains of using managed accounts in financial advice practices in hours per week saved.
With only one-quarter of advice practices actively seeking feedback from clients, the Financial Advice Association Australia has emphasised why this is a critical tool for client retention.
