Invest
Investment Bonds
Investment bonds are a type of investment offered by insurance companies. They allow you to invest a lump sum in a range of underlying assets, such as shares, property, or fixed interest investments.
Investment bonds can be a tax-effective investment option, as earnings are taxed within the bond at a maximum rate of 30%, and if held for more than 10 years, the returns can be tax-free. They can be a good option for long-term investment goals and can be used as an estate planning tool, as they can be passed on to beneficiaries without triggering capital gains tax.
Education Bonds
Education bonds are a specific type of investment designed to help families save for education costs. They work similarly to investment bonds, but the money invested is intended to be used for educational expenses.
Education bonds can offer tax advantages. For instance, if the money is used for eligible education expenses, the earnings on the investment may be tax-free. They can be a good option for parents or grandparents who want to help fund a child’s education.
Managed Funds
Managed funds, also known as mutual funds, are a type of investment where your money is pooled together with other investors’ money and managed by a professional fund manager. The fund manager uses the pooled money to buy a diversified portfolio of investments, such as shares, bonds, or property.
Managed funds can offer diversification, professional management, and the ability to invest with a relatively small amount of money. However, they also come with fees and charges, which can eat into your returns, and the performance of the fund depends on the skill of the fund manager.
How Madd Life Can Help
Our financial advisors can help you develop a comprehensive investment strategy for your savings, ensuring that your property purchase aligns with your overall financial goals.
From planning your retirement to managing your finances, our free service takes the stress out of achieving your financial goals. We offer our services Australia wide, so why not reach out to us today. Whether you’re looking to safeguard your future, attain financial stability, or live according to your preferences, we’re here to help. We’d love to hear from you.
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