We are updating our website
So that we can direct you to the right page,
please select your product from the list below.
What you need to know
Any advice on this website is provided by Resolution Life Australasia Limited ABN 84 079 300 379, AFSL No. 233671 (Resolution Life), and is general advice and does not take into account your objectives, financial situation or needs. Before acting on this advice, you should consider the appropriateness of the advice having regard to your objectives, financial situation and needs, as well as the relevant product disclosure statement and/or policy document, available from Resolution Life at resolutionlife.com.au or by calling 133 731, before making a decision on whether to acquire, or continue to hold, the product.
The Target Market Determinations (TMDs) for our financial products (where applicable) can be found at Target Market Determinations (TMDs). The TMDs describe the key features and attributes of an applicable product that affect whether it is likely to be consistent with the objectives, financial situation and needs of consumers in the target market.
While every effort has been made to ensure the accuracy of the information, it is not guaranteed. Resolution Life do not actively monitor breach of superannuation contribution caps. You should keep track of the contributions made to your account in respect of the caps applicable to you. You should obtain professional advice before acting on the information contained in this communication. Taxation considerations are general and based on present taxation laws and may be subject to change. You should seek independent, professional tax advice before making any decision based on this information. Resolution Life is also not a registered tax (financial) adviser under the Tax Agent Services Act 2009 and you should seek tax advice from a registered tax agent or a registered tax (financial) adviser if you intend to rely on this information to satisfy the liabilities or obligations or claim entitlements that arise, or could arise, under a taxation law.
If you decide to purchase or vary a financial product, Resolution Life and/or other companies within the Resolution Life Group will receive fees and other benefits, which will be a dollar amount or a percentage of either the premium they pay or the value of their investments. You can ask us for more details.
Resolution Life is part of the Resolution Life Group and can be contacted via contact-us or by calling the phone number mentioned above.
The Federal Government’s first home super saver (FHSS) scheme was introduced by the Federal Government in 2017/18. The scheme lets you save money for your first home inside your super fund. You can make voluntary contributions into your super to help you save for your first home.
When the time comes to purchase your first home, you can apply to have those voluntary contributions you have made and their associated earnings released to you. According to the government, the FHSS scheme could boost your savings by 30 per cent compared with saving through a standard deposit account1.
You can make the following types of contributions towards the FHSS scheme:
You can apply for the release of voluntary contributions up to a maximum of $15,000 from any one financial year and $30,000 in total across all years, via your myGov account. From 1 July 2022 the total amount across all years will increase to $50,000.
Make sure you carefully read all of the information about the scheme on the ATO website to consider if this is a good option for you. It’s also important to note that accessing your money isn’t instant, so be sure to allow time for your super fund to process any withdrawal in line with signing contracts etc for your new home.
Reference
1Australian Taxation Office (ATO), ‘First Home Super Saver Scheme’, https://www.ato.gov.au/individuals/super/withdrawing-and-using-your-super/first-home-super-saver-scheme/