A bequest simply means to gift something to someone after your death. That someone could be a charity or other beneficiary. You can use our Investment bond to make a Bequest, ensuring your donation is received and your wishes are honored.
Some unique features that make a bond an attractive option
If you choose to leave a gift using a Will by adding a bequest clause, there is not 100% certainty that the bequest will be provided as intended. That is because a Will can be contested using a family provision claim and most charities, or beneficiaries, don’t have the resources to challenge the claim. In addition, the legal costs can be incurred by the estate, reducing your legacy.
You simply apply and invest. Upon death, a bond is recognised as being tax-free and paid directly to the charity or beneficiary. No yearly renewal is required, and you can update the nominated beneficiary at any time.
A bequest bond allows you access to your money at any time if your circumstances change. Additionally, if a bond is held for more than 10 years, all investment earnings are tax-free.
The Bond offers four options designed to align with your distinct financial objectives.
Each option has a unique risk profile and investment strategy. You have the flexibility to choose one option, or a combination of options.
Investment options and asset allocations:
View this extract from the Product Disclosure Statement.
*Please note, we recommend seeking professional advice regarding your individual circumstances and whether the investment option(s) are appropriate for you.
View daily unit pricing. Prices are updated regularly
Alternatively, view historical weekly unit pricing.
The chance of your investments rising or falling in value is related to the option you chose, and how that option invests your money. Capital Guaranteed has the lowest risk and provides security in the value of your investment. High Growth, on the other hand, has the highest risk because it has a higher weighting to growth assets such as shares and property.
Risk can be hard to interpret because it can be measured in different ways. The good news is there are ways to help you understand and quantify the level of risk you are comfortable with. A common method is the twenty-year principle. This method calculates how many years of negative yearly returns you can expect over a twenty-year period. A higher number represents higher risk because there will be more years with a negative result, and vice versa.
| Investment Options | ||||
|---|---|---|---|---|
| Capital Guaranteed | Sustainable | Balanced | Growth | High Growth |
| 0 | 3 to 4 | 3 to 4 | 4 to 5 | 5 to 6 |
| Net Returns 30 November 2024 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Investment Options | Inception date | FYTD | 1 year | 2 years p.a. | 3 years p.a. | |||||
| High Growth | 31 December 2020 | 5.58% | 14.48% | 9.84% | 4.62% | |||||
| Growth | 31 December 2020 | 4.86% | 11.70% | 8.04% | 3.95% | |||||
| Sustainable | 7 January 2022 | 3.81% | 9.71% | 6.61% | N/A | |||||
| Balanced | 31 December 2020 | 3.56% | 9.15% | 5.86% | 1.90% | |||||
Past performance is not a reliable indicator of future performance. The value of investments can rise or fall, and investment returns can be positive or negative. The Figures shown are net investment returns, that is, after fees, costs and taxes have been paid over the set periods of time shown and may not reflect the actual returns experienced by investors due to timing of contribution receipts.
Benchmark long-term CPI+ investment objectives:
| Bequest Bond | Inter Vivos Trust (Ancillary Funds) | Perpetual Charitable Trusts | |
| Description | Established during your lifetime | Established during your lifetime | Established through your Will and comes into effect after death |
| Allows gifting to charities | Yes, unrestricted | Yes, in line with DGR gifting requirements | Yes, you can nominate specific charities to receive income from the Trust or identify a broader cause you would like to support. |
| Initial costs | Nil | Establishment fees vary, can be up to 1.1% of gross asset value | Establishment fees vary, can be up to 1.1% of gross asset value |
| Ongoing costs | All fees and tax paid within the fund | Yes, as set by the Trustee + potential investment management fees | Estate planning fees + management fees as set by the Trustee + potential investment management fees |
| Protection from estate processes e.g. probate, Wills, etc | Yes, paid directly to the beneficiary (beneficiaries can be changed as requested) | Yes, bypasses the probate processes | Included in probate process |
| Contestable i.e. your wishes may be contested and the outcome be different to wishes of investor/testator | No | No, donations to an ancillary fund are irrevocable | Potentially subject to challenge |
View the fees and costs extract from our Product Disclosure Statement.
Whatever your financial goals, we share your ambition, get in contact with the Investor Services Team today.
