April News 2017


 

Funeral Benefit Splitting Opportunity

We are pleased to offer you, our members, the opportunity to split your funeral benefit with your spouse, partner or sibling, during the period 26 April 2017 to 31 August 2017.

From 26 April 2017 to 31 August 2017 a member and either their spouse/partner or sibling may elect to combine their funeral benefits and then split the total funeral benefit equally. Conditions apply.

Please read all the information and if it suits you complete the online form to receive a full quote for your consideration. You should read the APS Benefits Group Combined Product Disclosure Statement. You should also read the Supplementary Product Disclosure Statement that specifically relates to Funeral Benefit Splitting.

Here are some examples of how Funeral Benefit Splitting works:

Example 1

Both are members and are currently paying the normal fortnightly membership fees. One member (aged 60) has a funeral benefit of $2,690 and the other member (aged 58) a funeral benefit of $1,620. If the members elect to combine and then split their funeral benefits then each will be entitled to a funeral benefit of $2,155 i.e. $2,155 = ($2,690 + $1,620) divided by 2.

The current membership fees for each member continue to be payable to age 70.

Example 2

A member paying fortnightly fees with a non-member spouse/partner/sibling over the age of 65. The member (aged 67) has a funeral benefit of $8,500. The non-member spouse (aged 69) being over 65 is unable to become a member by paying fortnightly fees. The member can still elect to split the funeral benefit with the non-member spouse who would otherwise have no entitlements to a funeral benefit.

If this option is elected the member and the non-member spouse will each be entitled to a funeral benefit of $4,250 i.e. $4,250 = $8,500 divided by 2.

The current membership fees for each member continue to be payable to age 70.

Example 3

Both are members and are currently paying fortnightly membership fees. One member (aged 55) has a funeral benefit of $5,000 and the other member (aged 65) a funeral benefit of $3,000. If the members elect to combine and then split their funeral benefits then each will be entitled to a funeral benefit of $3,760 i.e. $3,760 = 47% of $8,000 ($5,000 + $3,000).

The 47/47 benefit applies as the age of the member with the smaller funeral benefit is between 5 and 20 years older than the member with the greater benefit.

The current membership fees for each member continue to be payable to age 70.

If you have any further questions, please contact us on 1300 131 809.

Australian Financial Services Licence No: 244115. Date of preparation: 19 April 2017.

APS Savings is offering 4.00% interest p.a. with APS Notes over a 12 or 24 month term*

APS Savings is pleased to offer a fixed term investment product APS Notes. This is now for either a 12 or 24 month fixed term. Consider an APS Savings Term Investment as part of your investment portfolio. APS Savings Ltd is a wholly owned subsidiary of the APS Benefits Group Ltd.


Interest is calculated daily, paid monthly and can either be added to the principal or credited to a nominated account.

*To obtain a copy of our latest Prospectus, Application form and terms and conditions
click here

Introducing Paul Hatzigeorgiadis

APS Financial Planning is proud to introduce our new Financial Planner, Paul Hatzigeorgiadis. Paul has over 20 years’ experience in the financial services sector, commencing his career in 1996.  Throughout this time Paul has seen how his quality advice helps people to get through tough times and enjoy the good times.

Paul is a family man with a 5 year old daughter, who he enjoys spending as much time as possible with. 

The team at APS Financial Planning have known Paul for more than a decade and have seen how his advice has been crucial in his client’s financial success.  We are very pleased that Paul has joined our team and we look forward to working with him. To view Paul Hatzigeorgiadis's FSG click here. To view Fortnum Private Wealth's FSG click here.

Talk with Paul for an appointment today on (03) 9322 2000, 1300 131 809 or email paul.h@apsfinplan.com.au.

The APS Benefits Group is now on Facebook

Find us on Facebook. We invite you to Like, Comment or Share us on social media on our Facebook page 

Your personal details are important to us

At APS Online, you can update your personal details including, your name, address, home phone, business phone, email address(s), employer details, marital status and your nominated beneficiary details.

Are you self-employed and need assistance with your BAS preparation or lodgement?

Contact Richard Ferarro at APS Tax, Accounting & Business Services now on (03) 9322 2000 or 1300 131 809 or email r.ferraro@apstax.com.au and let him take the worries away.


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