Services
Planning For Retirement | Personal Superannuation | Corporate Superannunation | Life Insurance | Income Protection
Trauma Insurance | Permanent Disablement | Key Man Insurance | Insurance Within Super
The importance of insurance
No matter how comprehensive and successful your investment plan my be, the most important asset you and your family have is your health. Without it, you lose your ability to provide for yourself and your family on a day-to-day basis, let alone achieve your long- term goals.
Being injured, or worse, dying prematurely, are subjects we would prefer to keep at the back of our minds. By taking out life, total and permanent disablement, trauma or disability income insurance, you can have peace of mind knowing that if the worst happens , you and your family will be protected.
That's where Purdie Financial Services fits in, providing you with range of insurance solutions that can cover you for the financial consequences should the worst occur.
Planning For Retirement
During your pre-retirement years, super 'suddenly' becomes your major focus — retirement is just around the corner! Money that once went into a mortgage now goes into wealth accumulation, particularly super, as you start thinking about the lifestyle you want in retirement.
For some, this stage of life may start at 45 or 50, while for others the pre-retirement years may start at 55, 60, or even later, depending on when you plan to retire. Financial planning at this stage of life is about maximizing investments, balancing risk and return, contributing additional money to super and reviewing risk insurance needs.
For some, easing into part-time work, and taking advantage of the Government’s transition to retirement rules is the ideal way to the next phase of their lives.
Retirement may mean time to devote to the house, gardening and golf. For others it may be time to start that world trip, write that book or try bungee jumping.
Whatever your plans, maximizing your retirement savings is essential, and the way you structure your finances can greatly affect your overall retirement income.
Personal Superannuation
Superannuation is an excellent vehicle for accumulating wealth and is one of the most tax-effective ways to save for your retirement. Taking control of your super is easy with a Personal Superannuation Plan.
Our Superannuation Plan is accumulation-based, and provides you with a range of investment options to suit your retirement savings needs.
Your retirement savings are based on the contributions you make to the plan throughout your working life and the performance of the investment options in which you invest your contributions.
The plan accepts a wide range of contribution types including the 9% employer superannuation guarantee contributions, salary sacrifice contributions, contributions from the self-employed, personal after-tax contributions, spouse contributions, tax voucher contributions and rollovers from other superannuation funds.
You can start with an initial contribution of as little as $100 per month or the employer guarantee contributions.
Corporate Superannuation
We deliver innovative Corporate Superannuation solutions to organisations who seek more than the standard off the shelf services.
Key Features
- A wide choice of over 55 investment funds with unlimited free switching
- Access to comprehensive insurance cover for death, disablement and income protection
- Access to Investor Benefits – with exclusive banking, lifestyle and entertainment offers for members
- Family member benefits and discounts
Who is it for?
- Employers looking for an easy-to-manage super fund with a host of features and benefits
- Family of existing Corporate Super members I
- You can only access Corporate Super through your employer, or if you have a family member already in Corporate Super.
Life Insurance
While nothing can compensate for the emotional loss that such a catastrophe causes, it is possible to protect your family finances by putting in place appropriate personal risk insurance.
Income Protection
Consider the consequences of not being able to work for six months, or a year, or more as a result on illness or injury. Income protection insurance provides a regular earnings replacement if you suffer a sickness or injury and are temporarily unable to work. This will help you maintain your and your family’s lifestyle until you are able to return to work.
Trauma Insurance
Trauma insurance provides a lump sum payment if you suffer one of a list of major medical traumas, and will help you obtain the best medical and rehabilitation care and also change your lifestyle if necessary.
Permanent Disablement
Total and permanent disability insurance provides a lump sum payment if you suffer an illness or injury and are permanently unable to work. This will help you maintain your current lifestyle whilst paying the additional expenses that arise as a result of an ongoing illness or injury.
Key Man Insurance
This is insurance designed to protect a company from the loss of a key person within the organisation. This is used by both the largest companies in the country and small partnerships alike.
What is it designed to do?
For large organisations it is designed to assist them to overcome the loss of a key person. When a company loses a key person often profitability can be affected, and therefore insurance helps cover this loss. For smaller companies with partners, it is designed to protect each partner. Having insurance permits this to be easily facilitated with correct buy-sell agreements in place.
Insurance within Super
Many super funds offer insurance cover for their members – usually death and Total and Permanent Disability (TPD) and sometimes income protection.
Accessing insurance cover through a super fund can provide advantages. Some potential advantages include:
- Bulk discount: Insurance cover can be much cheaper due to the bulk discount available to super funds.
- Tax advantages: Because premiums are paid from a member's super account, most of the money in this account will have only been taxed at 15%, rather than marginal tax rates. The money paying the premiums has been taxed less so there's more money to pay for a higher level of cover if desired.
- Convenience: Premiums are usually deducted automatically from a member’s super account. This also means the added convenience of not having to deduct money from your household budget to pay for premiums.
- Automatic acceptance: Often members are automatically accepted for basic cover which means they can be protected against death and/or disablement without having to answer health questions or undergo medical tests.