IOOF Employer Super Considerations when leaving FCTG EmploymentOct 05, 2020
What Happens to my FCTG IOOF Employer Super Account?
Upon leaving Payroll will notify IOOF of your employment end date. IOOF will move your super account from the Employer Super Plan to the Personal Super Plan. This will take approximately four months (the delay itself will have no negative consequences). Once the transfer occurs, you will receive a welcome pack from IOOF outlining the new IOOF Personal Super Account and the subsequent changes to your account.
Click here for full Fact Sheet.
What does working from home due to Corona Virus mean for your Tax Return?Apr 23, 2020
If you’re an employee and temporarily working from home due to COVID-19 you may be enjoying the benefits of staying in your PJ’s all day or hitting that snooze button one more time…You may also be able to enjoy some benefits from the ATO (click here for fact sheet).
Tips for reducing your home loan using an offset accountApr 23, 2020
An offset account is a bank account linked to your home loan which operates just like an everyday banking or savings account. You will generally have ATM access to your account and be able to make internet banking transactions and payments like any other savings account. An offset account is a feature that can be added to a variable rate home loan, but not all loan products will have this feature.
A COVID-19 mortgage deferral won’t affect your credit ratingApr 23, 2020
COVID-19 and the importance of Life InsuranceApr 17, 2020
The advent of a global pandemic in COVID-19 has been a shocking event in many ways, more obviously from a health perspective. COVID-19 is clearly a highly dangerous virus for those over 70 and those with existing health conditions. Having said that there have also been cases of people who are both relatively young and healthy becoming seriously ill and on occasions sadly succumbing to the virus. This current situation more than ever lends itself to the consideration of life insurance, both in terms of its relevance, as well as any impact COVID-19 might be having on life insurance policies themselves.
Click here to read report
IOOF Insurance Opt In FormApr 15, 2020
Use this form if you’d like to opt in to retain your insurance in your super account. You’ll only need to use this form if you currently have or are in the process of applying for insurance cover. Super funds are required to cancel the insurance of members who haven’t received a contribution into their account for 16 continuous months or haven’t opted in.
Your insurance opt in remains for the life of your account.
Click here to download form.
Recognising and dealing with financial stressMar 30, 2020
Recognising and dealing with financial stress is important. If left unchecked, it may lead to an overwhelming feeling or disengagement towards your personal finances, which in turn may affect your ability to focus and work towards achieving your financial goals and objectives.
Click here to read article