10Invest is a simple, online, low-cost investment bond that offers tax effectiveness not available through traditional savings and investment products.
10Invest is all about establishing a long-term savings plan. With regular contributions, your investment could benefit from compounding interest to create opportunities for the future, in a tax effective way.
Use time to your advantage
Start planning now – a lot can happen in 10 years.
Kim is a single parent with an 8 year-old son, Linh
Learn moreKim is a single parent with an 8 year-old son, Linh.
Kim’s son Linh has settled well into Primary School and Kim realises he’s growing up fast. She wants to be able to provide him with a nest egg when he turns 18. She’s hoping it will help him enjoy a gap year travelling which is something she did herself.
Kim invests an initial $10,000 and each year after, uses her annual tax return to top up Linh’s investment, which is around $2,000 per year.
At the 10-year mark, the savings have grown to $38,939. And because it’s been invested for 10 years, Linh is able to withdraw the money as a lump sum, or use it for a regular income stream, with no personal income tax to pay.
Assumes 5% average annual return after fees and tax, plus the effects of compounding earnings. The balance in first year includes investment earnings.
Lewis inherits money and wants to save for his son’s future – 20 years invested
Learn moreLewis recently inherited a sum of money from his grandmother. He values having his own “bricks and mortar” home and understands that it could be tough for his son Zack to own his first home.
At age 25 when Zack is ready to set out on his own, Lewis can provide the help he promised with $173,412.. He contributed $100 a month to the policy after investing the $50K he inherited. And because he invested for over 10 years, Zack can withdraw his money as a lump sum, or a regular income stream, with no personal income tax to pay.
All the costs explained
Learn moreEvery parent wants the best possible education for their kids, but there’s a huge difference in cost between sending your kids to a government, religious or independent school.
Understanding what each option costs is the first step in making the right choice for you. It’s a good idea to think through your schooling options right from birth, especially if you need to save up for a private school education, as it will help you to work out how much you need to set aside.
Continue readingWhen you deposit your money into 10Invest, we invest it in the option(s) you’ve selected.
You can invest as much as you like in the first year, then maximise your savings using the 125% contribution amount thereafter.
Along the way we pay tax to the ATO on your investment earnings at 30%— the capped tax rate within the bond, so you don’t have to include it in your personal tax return whilst you’re invested.
If you keep your investment bond for 10 years, you can withdraw with no personal income tax to pay on the interest earned.
