Annuities

A Guaranteed Annuity is an investment product that gives you guaranteed returns and pays income on a regular basis – monthly, quarterly, half-yearly or yearly. Anybody can invest in an annuity, but they’re particularly good for retirees and others looking for a regular income to add to or replace a regular salary.

Features and benefits

• Choice of terms - between one and 30 years.
• Guaranteed payments - income payments are guaranteed regardless of market movements.
• Tax advantages of investing with super money - retirees 60 and over receive payments tax free. A tax offset of 15% applies to the assessable portion of payments for those aged 55 to 59.
• Payments as long as you live - with lifetime annuities, regular payments are guaranteed for as long as you live.
• Protection from inflation - payments can be indexed to the Consumer Price Index.
• No ongoing management fees - more money in your pocket.

Types of annuities

Lifestream Guaranteed Income
This allows you to invest a lump sum amount to give you a regular, guaranteed income over a specific term. The term may be:

• Short Term Income - one to five years
• Long Term Income - six to 30 years
• Lifetime Income - a guaranteed income for your lifetime

Lifestream Guaranteed Income is suitable if you’re seeking a low-risk investment with guaranteed income payments or, if you’re retired, using superannuation money and looking for a tax-free income stream.

Guaranteed Index Tracked Annuity
Offers the advantages of a traditional annuity plus some exposure to the upside of the stock market, without any downside risk. A Guaranteed Index Tracked Annuity guarantees a minimum return which has the potential to achieve compounded increases of up to 5% per annum in line with the percentage movement in the S&P/ASX 200 Price Index.

The term may be:

• Short Term Income - two to five years
• Long Term Income - six to 25 years

A Guaranteed Index Tracked Annuity is suitable if you’re seeking an investment guaranteeing regular income payments that may increase each year, including retirees using super money and seeking a tax-free income stream.

Find out more

• Speak with your financial adviser
• Download the Product Disclosure Statement or the Guaranteed Annuities Simple Guide for Investors
• Contact us on 1800 624 100 between 8am and 6pm (EST) Monday to Friday to make an appointment with a Commonwealth Financial Adviser.

More information on Short Term Income
More information on Long Term Income
More information on Lifetime Income

Download Guaranteed Annuities Lifestream Guaranteed Income
Download Guaranteed Index Tracked Annuity

 

• Important Information
  The information contained on this web page is of a factual nature only and is not intended to constitute financial product advice. It has been prepared without considering your individual objectives, financial situation or needs. You should consider its appropriateness in light of your circumstances and consider seeking professional advice relevant to your individual needs before making a decision based on this information.
  
  Lifestream Guaranteed Income Annuities and Guaranteed Index Tracked Annuity are issued by The Colonial Mutual Life Assurance Society Limited ABN 12 004 021 809 AFSL 235035 (CMLA). CommInsure is a registered business name of CMLA.
  
  Product Disclosure Statements (PDSs) are available from your Financial Adviser or by calling 13 10 56 and should be considered before making any decision about the product.
  Commonwealth Financial Advisers are representatives of Commonwealth Financial Planning Limited ABN 65 003 900 169, AFSL 231139.
  
  The offer made in this PDS is currently available only to persons receiving this document within Australia. Applications from outside Australia will not be accepted.
  Superannuation and taxation considerations are general and based on present superannuation and taxation laws, rulings and their interpretation as at 14 July 2008.