On 1 July 2023, the Department of Social Services increased the Exempt Funeral Bond Threshold on Funeral Bonds to $15,000 for the 2023/24FY. This reflects the impact of cost of living pressures over the last 12 months.
Existing and new Funeral Bond policy investors can now have up to $15,000 in contributions invested in a Funeral Bond and have the amount …
KeyInvest is pleased to advise that APRA has approved the merger of the AFS Funeral Benefit Fund (Non Assessable) and the AFS Funeral Benefit Fund (Taxable) into the KeyInvest Funeral Bond effective 31 March 2023. The merger of these Funds streamlines the investment management, custodial, accounting and reporting framework for these three Funds into one Fund and provides former AFS …
On 1/7/22, the Federal Government increased the Centrelink ‘exempt’ limit amount on Funeral Bonds to $14,000 for the FY 2022/23.
Existing or new Funeral Bond holders can now have up to $14,000 contributions per person invested in a Funeral Bond and this amount will be exempt from both the Asset and the Income test, for Centrelink Age pension purposes. Conditions apply, …
KeyInvest was proud to be a sponsor of the Future2 Wheel Classic 2022. Between April 1st and April 6th, participants cycled 900km’s and climbed over 11,500m (more than Everest). More than $64,623 was raised to help young Australians aged between 12 and 25 years who are experiencing social, financial or physical hardship.
Future2 is the foundation of the Australian Financial Planning …
KeyInvest are proud to announce that as a result of our most recent Lonsec research rating review, our Life Events Bond has been upgraded to ‘Highly Recommended’.
Our new improvements and inclusions to our LEB contributed in part to this upgrade,
We have a new revamped investment menu, which was expanded from 27 to 41 options (still with a focus on low cost …
As an Adviser, are you looking for Estate Planning solutions for your clients? Di Ranger, National Sales Manager, Financial Services at KeyInvest, gives an overview of just how simple & effective Tax Paid Bonds can be in this space.
From 1 July 2021 the Funeral Bond exempt asset limit remained at $13,500. Funeral Bond holders can have up to $13,500 of contributions in a Funeral Bond and the whole balance is exempt from the Age Pension asset and income tests. Conditions do apply, so contact KeyInvest or Centrelink for more information.
From 1 July 2021, an Advice Fee Consent Form must accompany all new business applications for the Life Events Bond and Funeral Bond that have ‘ongoing advice fee’ arrangements.
The Royal Commission made recommendations to introduce annual renewal of ongoing fee arrangements and a requirement that advisers cannot receive ongoing advice fees without first obtaining consent from their client.
Below are links …