Westpac Guaranteed Income Plan
Essentials
- Guaranteed fixed income payments
- Terms from 1 to 15 years
- In exchange for a lump sum investment, you’ll receive a set number of regular payments
- Minimum initial investment is $10,000 per account.
Did you know?
Your annuity is a simple and effective way for you to obtain regular income.
Related documents
Things you should know
- Westpac Life Insurance Services Limited (ABN 31 003 149 157 AFSL No. 233728) is the issuer of interests in Westpac Guaranteed Income Plan. You can download a Product Disclosure Statement (PDF 2mb) (PDS) for Westpac Guaranteed Income Plan. Alternatively it can be obtained by calling 131 817 or visiting any Westpac branch. You should obtain and consider the PDS before deciding whether to acquire, continue to hold or dispose of interests in Westpac Guaranteed Income Plan.
- You can download a Financial Services Guide (PDF 259kb) for Westpac Guaranteed Income Plan. Alternatively it can be obtained by calling 131 817 or from any Westpac branch.
- An investment in this product is not an investment in, deposit with or any other liability of Westpac Banking Corporation ABN 33 007 457 141 (the Bank) or any other company in the Westpac Group. It is subject to investment risk, including possible delays in repayment of withdrawal proceeds and loss of income and principal invested. The Bank is not the issuer of the product. Neither the Bank nor any other company in the Westpac Group stands behind or otherwise guarantees the capital value or investment performance of the product.
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Features
Choice of 2 plans
- 100% Residual Capital Value (RCV) - this means that your regular payments will consist only of the earnings from your capital. At the end of the term your full lump sum investment will be available for reinvestment or repayment to you
- 0% RCV - have your capital paid to you, as part of your regular income, over the term of the plan. At the end of the term, no capital remains.
Related documents
Things you should know
- Westpac Life Insurance Services Limited (ABN 31 003 149 157 AFSL No. 233728) is the issuer of interests in Westpac Guaranteed Income Plan. You can download a Product Disclosure Statement (PDF 2mb) (PDS) for Westpac Guaranteed Income Plan. Alternatively it can be obtained by calling 131 817 or visiting any Westpac branch. You should obtain and consider the PDS before deciding whether to acquire, continue to hold or dispose of interests in Westpac Guaranteed Income Plan.
- You can download a Financial Services Guide (PDF 259kb) for Westpac Guaranteed Income Plan. Alternatively it can be obtained by calling 131 817 or from any Westpac branch.
- An investment in this product is not an investment in, deposit with or any other liability of Westpac Banking Corporation ABN 33 007 457 141 (the Bank) or any other company in the Westpac Group. It is subject to investment risk, including possible delays in repayment of withdrawal proceeds and loss of income and principal invested. The Bank is not the issuer of the product. Neither the Bank nor any other company in the Westpac Group stands behind or otherwise guarantees the capital value or investment performance of the product.
-
To view PDF files you need Adobe Acrobat Reader. Use Adobe's online PDF conversion tools to convert to another format.
