iRefund - Putting Your Money Back Into Your Pocket
Receive cash every year by clawing back the fees and commissions on your Superannuation, Investments, Insurance and Home Loan
iRefund will claw back and refund to you, 100% of any entry fees and up to 100% of the ongoing trailing commissions generated by your:
- Managed Fund Investments,
- Superannuation Funds
- Allocated Pensions or Retirement Income Accounts,
- Margin Loans,
- Agri-business Investments
- Personal Insurance Policies (life, income protection, trauma)
- Home Loans
iRefund reclaim these commissions on your behalf and return them to you in the form of an annual cash refund.
You will be amazed by the amount of money the average person can receive simply by taking two minutes to nominate iRefund as the broker on your super/pension account, managed fund investment or personal insurance policy.
Common Scenarios -
Example 1 Example 2 Example 3
Example 1
Situation
Tim (aged 37) had a super policy with AMP with a balance of $150,000. Tim's super policy was paying AMP an industry average trailing commission of 0.60% pa. Further, Tim's employer 9% salary contributions were incurring the industry standard 4.0% entry fee.
Result
By nominating iRefund as the broker on his super account Tim benefited by -
- Having the entry fee on his super policy reduced to Nil. Now 100% of Tim's employer paid super payments will be working for him from day 1. This saved Tim's super account $360 in entry fees every year (even more as his salary increases).
- The trailing commission on Tim's super account were collected by iRefund (instead of AMP) on Tim's behalf and credited to his refund account.
On the anniversary of Tim's membership he received a cheque for the amount of $618.00. This payment will occur every year and will increase as the value of his super rises.
Tim's wealth during the first year of membership was enhanced by $978.00 simply by reclaiming the hidden fees and commissions on his one super policy.
Find out how much you could receive each year by utilising the iRefund Commission Refund Calculator.
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Example 2
Situation
Jenny (aged 62) had just retired and rolled her Colonial superannuation over to a Colonial allocated pension fund. The balance of Jenny's new allocated pension was $390,000. Hidden trailing commissions applying to Jenny's pension fund (and being paid to Colonial) were 0.55% pa. Jenny also had a $150,000 in a managed fund investment with Perpetual. This Perpetual investment paid trailing commissions to the accountant who set it up for her of 0.75% pa.
Result
By simply nominating iRefund as the broker on her investments, Jenny authorised iRefund to collect the hidden commissions applying to her accounts on her behalf. On the anniversary of Jenny's membership iRefund sent Jenny a cheque for $3,164.00.
This refund payment will continue annually and will increase as the value of her investments rise.
Find out how much you could receive each year by utilising the iRefund Commission Refund Calculator.
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Example 3
Situation
Kevin (aged 45) has a life insurance policy with Zurich and pays annual premiums of $1,250. He also has an AXA superannuation account with a balance of $207,000. Kevin and his wife Sally (aged 43) also have a $355,000 home loan with ANZ. Sally has an AMP super policy with a balance of $72,000.
Result
By nominating iRefund as the broker on Kevin & Sally's insurance and super accounts and reviewing their home loan, iRefund were able to collect and refund trailing commissions totalling $2,380 to them. This refund of the hidden commissions applying to Kevin & Sally's accounts will occur every year on the anniversary of their iRefund membership.
Further, both Kevin and Sally will never again pay entry fees on their employer paid superannuation contributions (previously they paid an industry standard 4% fee on all their super contributions).
Find out how much you could receive each year by utilising the iRefund Commission Refund Calculator.
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Find out how much you can receive as an annual cash refund by using our refund calculator.
Refund Calculator
Specifically, iRefund will refund to you 100% of the trailing commissions collected on your accounts and policies in excess of $790 per annum. Commissions collected up to $790, iRefund will split 50/50 with the account or policy holder.
Diagrammatically -
| Value of trailing commissions collected per annum | Your Cash Refund |
|---|
| First $790 | 50% |
| Balance above $790 | 100% |
How do I claim my Annual Cash Refund ?
Most people are able to receive $1,000's per annum simply by nominating iRefund as the broker on their accounts and policies. It is as simple as that. Nominating iRefund as the broker on your existing accounts & policies is easy & will take only 2 minutes.
Nominate iRefund & claim your annual refund
IT IS IMPORTANT TO NOTE THAT -
Nominating iRefund as the broker on your accounts and policies DOES NOT alter any of their details, in fact they will operate exactly as they do today - with you in total control and with 100% ownership. The only difference is that iRefund will now collect any trailing commissions and fees on your behalf, and refund them back to you annually.
Nomination of iRefund will also ensure you will never pay entry fees on any future contributions you make to your super or investment account. This will likely save you 4% - 5% on any new contributions you make to your fund.
Nominate iRefund as the broker on your accounts
iRefund & New Investments
iRefund also offers a comprehensive "Investment Supermarket" for any NEW INVESTMENTS. By utilising this service you will pay ZERO entry fees on your new investment and it will be automatically enrolled in the iRefund Cash Refund Service to ensure the trailing commissions generated by your new investment can be refunded to you.
Click here to go directly to the iRefund "Investment Supermarket".
iRefund & New Insurance Policies
iRefund also offers an insurance policy commission refund service. All insurance policies taken out through iRefund will be eligible for a 50% refund of any initial commission on the policy. Initial commissions on insurance policies can be up to 125% of the policy premium. This means that more than half of your initial premium can be refunded. Naturally, the insurance policy will also be automatically enrolled in the iRefund "Cash Refund Service" to ensure the trailing commissions on your policy are added to your refund account and can be refunded to you.
Click here to learn more about the iRefund personal insurance offer.