Aviva, provider of life insurance, investments and superannuation, informs that most Australian superannuation members put their money into term deposits.
This year Aviva’s term deposits have grown from A$5 million to over A$430 million with 75% of this money from superannuation or pensions.
“Many superannuation funds do not allow members to invest in term deposits,” says Tim Cobb, general manager of marketing and public relations, Aviva. “Customers who hold their term deposits through superannuation or their pension get the safety they are looking for, and of course receive a tax effective return as superannuation is taxed at just 15% and earnings on pension assets are tax free.”
Aviva delivers term deposit service from St George and the Adelaide Bank.
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