Examples

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.

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.

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.