Westpac Banking Corporation

Investments

Westpac Self-Funding Instalments

Essentials

  • Gain geared equity exposure with no risk of margin calls
  • Purchase ASX-listed shares (usually top 50 companies by market capitalisation) and exchange traded funds in two instalments; first payment upfront with an optional second payment (loan amount)
  • Get many of the benefits of direct share ownership, including dividends and franking credits, with less capital outlay upfront
  • Buy direct on the ASX or via an application form (no separate loan application or credit checks required)
  • Any dividends are automatically used to reduce the loan amount
  • Annual interest payments automatically added to the loan
  • Low maintenance investment; dividends and interest are managed by us 
  • Interest payments may be tax deductible
  • One of the few eligible geared investments available to individuals and SMSFs.
Apply for Westpac Self-Funding Instalments now

Did you know?

Westpac SFIs are one of the few eligible geared investments for SMSFs.



Things you should know
  • Westpac Banking Corporation ABN 33 007 457 141, AFSL 233714 ('Westpac') is the issuer of the Westpac Self-Funding Instalments Product Disclosure Statement dated 1 February 2011 ('PDS').  The above information does not constitute an offer, or a solicitation of an offer, to subscribe for or purchase any securities or other financial instrument; is not an invitation to invest; is not an offer for finance; does not constitute an offer, inducement or solicitation to enter a legally binding contract; and is not to be construed as an indication or prediction of future results. You should consider the PDS before making any decision to invest. Westpac has not taken into consideration the financial situation, investment objectives or particular needs of any particular investor and recommends that investors consider its appropriateness and seek independent advice before acting on this Information. Any reference to taxation matters is a general statement only and should only be used as a guide. It does not constitute tax advice and is based on current tax laws and their interpretation. Westpac and its financial planners are not qualified to give tax advice. The individual situation of investors may differ and investors should seek independent professional tax advice on any taxation matters. This information is current as at 1 February 2011 and remains subject to change without notice.

Features

Greater potential returns For typically half the cost of the shares, you obtain the immediate benefits of share ownership - like potential for dividends, franking credits and capital growth.
No margin calls You have all the potential benefits of geared share exposure without the worry of a margin call.
Optional second payment You can let Westpac sell the shares at maturity instead of making the second payment.
Owning the shares Outright ownership occurs after making the Completion Payment, which can be made at any time during the investment.
What if the share price falls below the loan amount? If this occurs during the life of the investment, you can hold the Westpac SFI until the share price recovers. If it happens at maturity, we can sell your underlying shares and accept the purchase price in recompense for the loan.
Interest date and changes to loan amount Every 30 June the loan amount increases with the addition of one year's worth of prepaid interest. It decreases each time the underlying security pays a dividend by the amount of the dividend.


Like to know more?

Things you should know
  • Westpac Banking Corporation ABN 33 007 457 141, AFSL 233714 ('Westpac') is the issuer of the Westpac Self-Funding Instalments Product Disclosure Statement dated 1 February 2011 ('PDS').  The above information does not constitute an offer, or a solicitation of an offer, to subscribe for or purchase any securities or other financial instrument; is not an invitation to invest; is not an offer for finance; does not constitute an offer, inducement or solicitation to enter a legally binding contract; and is not to be construed as an indication or prediction of future results. You should consider the PDS before making any decision to invest. Westpac has not taken into consideration the financial situation, investment objectives or particular needs of any particular investor and recommends that investors consider its appropriateness and seek independent advice before acting on this Information. Any reference to taxation matters is a general statement only and should only be used as a guide. It does not constitute tax advice and is based on current tax laws and their interpretation. Westpac and its financial planners are not qualified to give tax advice. The individual situation of investors may differ and investors should seek independent professional tax advice on any taxation matters. This information is current as at 1 February 2011 and remains subject to change without notice.

Pricing

To view all shares and exchange-traded funds currently available via a Westpac Self-Funding Instalment, plus indicative warrant prices and loan amounts, please download:

Westpac Self-Funding Instalment - Indicative pricing matrix ( XLS 92KB)

Existing Westpac Online Investing customers can purchase any of the new Westpac SFI Series G warrants and receive a rebate for the full amount of brokerage charged. Free brokerage offer (PDF 137kb)

Things you should know
  • Westpac Banking Corporation ABN 33 007 457 141, AFSL 233714 ('Westpac') is the issuer of the Westpac Self-Funding Instalments Product Disclosure Statement dated 1 February 2011 ('PDS').  The above information does not constitute an offer, or a solicitation of an offer, to subscribe for or purchase any securities or other financial instrument; is not an invitation to invest; is not an offer for finance; does not constitute an offer, inducement or solicitation to enter a legally binding contract; and is not to be construed as an indication or prediction of future results. You should consider the PDS before making any decision to invest. Westpac has not taken into consideration the financial situation, investment objectives or particular needs of any particular investor and recommends that investors consider its appropriateness and seek independent advice before acting on this Information. Any reference to taxation matters is a general statement only and should only be used as a guide. It does not constitute tax advice and is based on current tax laws and their interpretation. Westpac and its financial planners are not qualified to give tax advice. The individual situation of investors may differ and investors should seek independent professional tax advice on any taxation matters. This information is current as at 1 February 2011 and remains subject to change without notice.

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