At Refund Easy we provide a service that refunds trail commissions on superannuation, allocated pensions, managed funds, insurance, margin loans, in fact most financial products that have a trail commission back to you.
In conjunction with this where possible all entry fees are reduced to zero after joining Refund Easy and if we are unable to reduce them we refund them to you as part of your regular refund.
What is trail commission?
Trail commission is a fee that is built into superannuation, allocated pensions, managed funds, insurance and other financial products. It is paid to a financial planner to provide you with advice regularly. It is a percentage based fee, usually around 0.6% pa of the balance of your investment or in the case of insurance, 10 – 32% of your annual premiums.
What do you refund?
We refund the trail commission built into superannuation, allocated pensions, managed funds insurance and other financial products.
How much could I get back?
Examples of amounts of commission refunded
|Amount invested as an individual or a couple||Trail commission assuming .6% trail commission||Amount Refund Easy will refund to you per annum|
How often will I receive a refund?
We will credit your trailing commission refund directly to your bank account each quarter, along with a listing of all commission collected during the quarter. Refunds are made in March, June, September and December.
By nominating Refund Easy as my broker, does it alter my investment is any way?
No, certainly not. The only difference you will notice is that we will be recorded on your statement as the broker instead of who currently appears there.
- It will not trigger any Capital Gains Tax issues.
- You will still own and control your investment/policy.
- Refund Easy cannot transact on your investment.
- No entry fees will be charged on future investments.
- No extra fees or charges are levied on your fund.
- And best of all we will credit your trailing commission refund directly to your bank account each quarter for the trail commission across all your investments.
How much does your refund service cost?
We rebate trail commission, and cap the amount we retain at $280 pa which covers your partner’s commissions, related trusts and SMSF accounts as well as yours.
We refund 60% of the commissions we collect back to you and retain 40% up to a maximum of $280 pa per couple and then refund 100% above this to you QUARTERLY.
The most we retain is $280 pa per couple, not per person.
By choosing Refund Easy you get more trailing commissions refunded more often!
There are no other service charges applicable when we credit your trailing commission refund directly to your bank account each quarter.
We will credit your trailing commission refund directly to your bank account each quarter with a listing of all commission collected during the quarter.
What other fees can I get refunded?
All entry fees are reduced to zero after joining Refund Easy and if we are unable to reduce them, we refund them to you as part of your regular refund.
Who is the service aimed at?
Our service is aimed at people who have lost contact with their financial planner but who are paying these commissions for a service they don’t use. It’s also aimed at members of Self Managed Super Funds and people who prefer to do their own thing. The commission refund service is a no-advice service for people who wish to take more control of their own money.
How do I arrange my refund?
Simply click here to complete the broker nomination form, or call us on 1300 992 889 and we will post one to you and you can post or fax it back to us. We take care of the rest and register it with your fund manager or insurance company.
For any questions you may have that are not answered here, please do call us on 1300 992 889 as we’d be happy to be of service.