Tax management

Making the most of your money

As an investment bond, IOOF WealthBuilder is a tax paid investment. This means that IOOF pays tax on any earnings from your WealthBuilder investment at the current company tax rate of 30%, and not at your individual marginal tax rate. If you withdraw your investment after 10 years, you generally won’t ever have to report any WealthBuilder earnings to the ATO or pay any additional tax on those earnings.

If you choose to withdraw your investment within 10 years from the start date of the tax period of your WealthBuilder investment account, you may need to include some of your WealthBuilder earnings in your personal tax return. However, you will receive a full credit for the tax IOOF has already paid, so there is no doubling-up of tax.

For more information on tax management, please refer to the IOOF WealthBuilder PDS.