How to keep your
to your life and
Why you should
apply for your
Super opportunity for downsizers
After 1 July 2018, if you’re over 65 and sell your home,
you can now put some of the money you receive into
How does it work?
You can use the money from the sale of your house
to make a ‘downsizer contribution’ to super of up to
$300,000 or $600,000 for a couple.
Who is eligible?
You are eligible to take advantage of this scheme if you
are aged 65 or over.
Unlike the non-concessional contributions, the good
news is that you don’t need to be working and there
are no age limits to making downsizer contributions.
Also, the total super balance test of $1.6 million and
the $100,000 non-concessional contributions cap
restrictions don’t apply which makes it a great option if
you want to contribute more to super and are currently
ineligible because of these restrictions.
If you are considering selling your property and are
interested in contributing to your super you should
hold off selling until after 1 July 2018 as a property
sold before this date is ineligible.
What types of properties are included?
The property must be located in Australia. It does not
need to be your current home — it can be your, or your
partner’s, former home as long as you or your partner
have owned it for more than 10 years and lived in it at
some point in your life. An investment property that
neither of you have lived in is not eligible. But, the
property does not need to be owned by both members
of a couple for both of you to make a contribution of
up to $300,000 to your super. Unfortunately, the sale
proceeds from a houseboat, caravan or mobile home
cannot be used.
Note: If your family home is currently exempt from
the Centrelink assets test and you sell it and put the
money into super — your age pension entitlement
could be affected.
Take the next step
To discuss your financial situation, make an
appointment with a Bridges financial planner.
We have chosen Bridges 1 as our preferred Financial
A Bridges financial planner will develop a plan
specifically for you; one that’s tailored to your needs
and circumstances to help you achieve your goals.
To arrange a complimentary, obligation free initial
consultation with a Bridges Financial Planner 1 near
you, call 131 728 or visit www.policebank.com.au
(www.customsbank.com.au for Customs Bank Members).
More likely to succeed*
You could be too.
You can improve your chances of achieving your goals in life – just by writing them down.
Here’s the quick and easy way.
* Research study by Dr. G Matthews, Dominican University, California, 2016.
Bridges Financial Services Pty Limited (Bridges) | ABN 60 003 474 977 | ASX Participant | AFSL No 240837
Part of the IOOF group
How to keep your home secure
Thousands of homes are being broken in to every year – often in plain view,
during the day. Burglaries can often happen through an unlocked window, back
door or front door.
So what are offenders looking for when they target a home? The most common
items stolen are (in order) cash, laptops, jewellery, cameras, mobile phones,
wallets/handbags, ID documents (especially credit cards), TVs, computer or video
games, watches, video/DVD players, power tools and stereo/audio equipment.
Thankfully there are several things you can do to keep these items – and your
home – safe, not only during summer but all year round. Here are our top tips:
1. Think like a burglar
Take a walk around your property through the eyes a thief. Do all the locks work?
Are there good places to hide for burglars should they be disturbed? Is your spare
key hidden in an obvious place? When you know your property’s weak spots, you
can look at ways of reinforcing them. Don’t forget to check the garage, shed and
laundry doors and windows; you might find a lock you didn’t even know was broken.
2. Invest in security systems and alarms
A study of police detainees by DUMA (Drug Use Monitoring in Australia) 2 found that
the best deterrent for would-be burglars is a noisy dog on the property, with 61.4%
saying this would deter them from attempting a break-in. But if you don’t have a dog,
don’t fear: a functioning alarm system would deter one in two offenders (49.1%),
while sensor lights would stop more than one in five (22.8%) burglars in their tracks. 2
3. Maintain your home while on holidays
A home that appears vacant is more attractive to burglars, but there are several
things you can do to make your home appear lived in. First, make sure your
garden is maintained: an unkempt yard is an obvious indication that a house may
be empty. Secondly, hide your valuables so as not to advertise the items you have
that are worth stealing. Thirdly, ask a trusted friend or family member to keep an
eye on your property while you’re away and collect your mail.
4. Upgrade Your Home’s Lighting
Motion-activated or timer lighting can make your house look more ‘lived-in’,
whether you’re at home or not. A well-lit house is far less attractive to a criminal
than a dark one. This tip is an oldie but a goodie when it comes to security
technology and an affordable addition to help deter intruders.
5. Check your insurance
Should your home be broken in to the last thing you want to worry about is
whether your insurance is adequate. Home and contents insurance will normally
cover you for home theft or attempted theft. However, make sure you read the
Product Disclosure Statement to know what you are covered for and what terms,
conditions and limitations apply to your policy. After Christmas, be sure to review
your home and content insurance to make sure any new gifts are added to your
policy. Finally, be sure to take photographs of valuable items such as jewellery,
watches and electronic devices, which will help should you need to make a claim.
Police Bank offer Home & Contents Insurance through Allianz 3 . For more
information or to receive an online quote, visit www.policebank.com.au
(www.customsbank.com.au for Customs Bank Members)
Environmentally-friendly changes to
your life and your finances
When it is time to seek a home loan, have you thought
about what you want your future home to be? Do
you want it to be something that you build from
scratch, or are you searching for something easy to
suit your lifestyle? Whatever the answer, you should
note that more and more home buyers around the
world and especially Australia are looking for more
environmentally efficient lifestyles.
At Police Bank, there is a Green Loan initiative not
only encourages you to save the environment, but save
money as well. The Green Loan offers low interest
rates, fixed rates, a reduced fees program and no
ongoing account fees just to name a few. Here are the
palpable benefits of a Green Loan will allow you to live
a green life.
What you can buy with your green loan
• Solar panels
• Battery systems to store solar energy
• Hot water systems
• Pump systems
• Rain water tanks
• Double glazing for windows
Energy efficient white ware and home appliances If
you decide that going green is the way for you, talk
to the experienced team at Police Bank. We can
discuss the benefits of the loan and exactly what
you can purchase with it. It’s not only an investment
for your immediate future, but for the long term as
well. Buyers are becoming more aware of the need
to preserve the planet and are looking at ways their
home can do that. If you eventually decide to sell your
home, it will have that extra bit of value if it is a green
home. Choice reiterates that just like energy-efficient
stickers on appliances, all new houses built need to
have at least a six star energy rating. The fact that this
is now become regulations means that the housing
industry is well aware of the changing climate and our
need to do all we can to protect the environment.
Why not make your car go green as well? Going
green doesn’t just apply to your home and contents,
but under Police Bank’s Green Loan you can buy
a environmentally friendly car. The Australian
Government Institute released a list of the most
popular and environmentally friendly vehicles. The
financial benefits range from tax benefits and saving
on the cost of fuel. Also hybrid cars seem to be higher
than others when reselling them as more and more
people are looking for cleaner, greener cars. Whether
your are travelling the countryside and stopping at
recharge stations or if you’re staying at home with
solar powered electricity, every action you take will
affect the world in return.
The smallest of changes, whether it is to your car or
home, can make a big difference to your finances as
well. Cost versus saving Initially installing solar panels
is going to cost you money without return straight
away. However, Choice says that solar panels can save
up to 30% of your monthly bills. This will happen if you
are energy-conscious in your home, turning off the
appliances that you don’t need on 24 hours a day and
using only energy efficient appliances.
With small adjustments to your daily life, your savings
will be greater than if you just switch over to solar
power. It is by having solar panels that will make you
more conscious of the energy you are using. There are
number of reasons why the a Green Loan with Police
Bank can help the environment. However, it can also
drastically change your living conditions and what you
put back out into the world. Check out your personal and
green loan options on www.policebank.com.au/green
(www.customsbank.com.au/green for Customs Bank
Members) or talk to our friendly team on 131 728.
Why you should apply for
your next loan online
Once upon a time, getting a loan would require turning up at a bank in your
Sunday best and asking for the money in person. Today, things are a little
easier and a lot less formal thanks to the advantages of internet banking.
Whether you’re borrowing for a car, a home or even just a personal loan,
applying for a loan has never been easier and more streamlined than it is now.
Here’s a few reasons why you should consider applying online next time you
need some extra funds:
Convenience and satisfaction
The rise of using the internet for things like applying for loans has not
just become the go-to banking method for Australians, but has produced
happier customers as well.
According to Roy Morgan Research 4 , 62% of people opt to use internet banking,
up from 58% over the past two years. Conversely the number of people who visit
a branch within a four week period has dropped from 35% to 32%.
What’s interesting to note in the research is that not only are more
people banking online, they’re happier for it. Roy Morgan 4 reports a 90%
satisfaction rate when using online channels (mobile or internet) to bank,
higher compared to handling finances at a Service Centre (88%).
You no longer need to wait
Rather than waiting with baited breath for whether or not your loan has
been approved, today people know exactly what’s available to them right
away, saving us all valuable time. With a pre-approval service, applying
for loans online removes the traditional hassle of waiting for a Service
Centre to make a decision. Now, when shopping around you can do so
with confidence, knowing exactly what your budget is, allowing you greater
control over your financial decisions.
Information freely available online also means you have all the knowledge
you need at your fingertips to make an informed choice without consulting
a Service Centre. Handy tools like home loan calculators give you all the
control needed to make your own decisions.
At Police Bank, we try to make the process of applying for loans online
as effortless as possible. Even with our online resources, if you ever need
expert advice, our friendly team is available to walk you through the process.
To apply for your next loan online visit www.policebank.com.au
(www.customsbank.com.au for Customs Bank Members).
Do you want to spread a bit of Police Bank love?
Tell a mate or family member about our great products
and services and you and your mate will receive $50
each when they open up a Membership with Police Bank.
That’s the easiest $50 you’ll ever make! 5 7
To refer your mate, visit
Visit customsbank.com.au/mates for Customs Bank Members
PB Contact Centre
25 Pelican Street, Surry Hills 2010
Phone: 131 728
Canberra Service Centre
Shop 2, 121 Marcus Clarke Street
Canberra ACT 2601
Phone: (02) 6206 7000
Gosford Service Centre
9-11 Mann Street, Gosford 2250
Phone: (02) 4320 0200
Goulburn Service Centre
c/- Police Academy
McDermott Drive, Goulburn 2580
Phone: (02) 4827 1000
Narellan Service Centre
Shop 311A - Narellan Town Centre
326 Camden Valley Way, Narellan 2567
Phone: (02) 4640 7000
Newcastle Service Centre
24 Bolton Street, Newcastle 2300
Phone: (02) 4908 6200
Norwest Service Centre
126/14 Lexington Drive, Bella Vista 2153
Phone: (02) 8814 3000
Parramatta Service Centre
20 Charles Street, Parramatta 2150
(Cnr Charles & Macquarie Street)
Phone: (02) 9841 8200
Penrith Service Centre
295 High Street, Penrith 2750
Phone: (02) 4720 5000
Port Macquarie Service Centre
6-14 Clarence Street,
Port Macquarie 2444
Phone: (02) 6582 9900
Sydney Service Centre
25 Pelican Street, Surry Hills 2010
Phone: (02) 8268 2500
Wollongong Service Centre
76 Market Street Wollongong 2500
Phone: (02) 4221 9000
Redidial 131 728 or
BSB 815 000
Canberra Service Centre
Lobby, Customs House,
5 Constitution Avenue, Canberra ACT 2601
Phone: (02) 6243 8900
Mascot Service Centre
Ground Floor, Customs House,
10 Cooks River Drive,
Sydney International Airport NSW 2020
Phone: (02) 8335 4200
Melbourne Service Centre
Level 1, 1010 Latrobe Street,
Melbourne Docklands VIC 3008
Phone: (03) 9642 1003
Phone 131 728
BSB 815 000
Level 3, 213 Clarence St,
Sydney NSW 2000
Phone (02) 9235 2399
Suite 2, 108 The Boulevarde,
Toronto NSW 2280
Phone (02) 4950 5411
WILLIAMS & RONCOLATO
Accredited Specialist Property Lawyers
Suite 13, 210 Victoria Road,
Gladesville NSW 2111
Phone (02) 9879 6133
PROUDLY PROVIDING LEGAL SERVICES TO POLICE AND FAMILIES FOR OVER 30 YEARS
If you do not want to receive any marketing material then please telephone 131 728 to advise us. Please note that when you call
and opt out we will alter our records so that you only receive material we are required to send you by law or our constitution. The
product issuer for deposit and payment products is Police Bank Ltd, AFSL/Australian Credit Licence No 240018. A Financial Services
Guide (FSG) including terms and conditions is available at all Service Centres, on our website and upon request. Any advice given
has not taken into account your personal needs and financial circumstances and you should consider whether it is appropriate for
you. Please read and consider the FSG in deciding whether to use a particular product. Police Bank Ltd. ABN 95 087 650 799. 25
Pelican Street, Surry Hills, NSW 2010. Customs Bank is a division of Police Bank Ltd. All terms and conditions that apply to Police
Bank also apply to Customs Bank.
Effective Date: 1/5/18. Terms and conditions apply and are available on request. Fees, charges and lending criteria apply.
1. Bridges Financial Services Pty Limited (Bridges). ABN 60 003 474 977. ASX Participant. AFSL No 240837. This is general advice
only and does not take into account your objectives, financial situation and needs. Before acting on this advice, you should consult a
financial planner. In referring members to Bridges, Police Bank Ltd. does not accept responsibility for any acts, omissions or advice of
Bridges and its authorised representatives. 2. Information sourced from: Gately N, Fleming J, McGinty N & Scott A. 2014. The ‘oldest
tricks in the book’ don’t work! Reports of burglary by DUMA detainees in Western Australia. Trends & issues in crime and criminal
justice No. 489. Canberra: Australian Institute of Criminology. https://aic.gov.au/publications/tandi/tandi489. 3. Any advice here does
not take into account your objectives, financial situation or needs. Terms, conditions, limits and exclusions apply. Before making a
decision please consider the relevant Product Disclosure Statement (PDS)/Policy Wording, Supplementary PDS (where applicable)
& PDS update (privacy notice) which are available at www.policebank.com.au. This article was reproduced with permission of Allianz
Australia. In arranging this insurance, Police Bank, acts as an agent of the insurer Allianz Australia Insurance Limited ABN 15
000 122 850 AFS Licence No 234708. 4. Information sourced from: Roy Morgan Research Ltd 2015. Internet banking growth
and satisfaction outstrips other channels. Finding No. 6494. Melbourne. http://www.roymorgan.com/findings/6494-internet-bankinggrowth-and-higher-satisfaction-august-2015-201510112259.
5. For terms and conditions, visit policebank.com.au/mates We reserve
the right to withdraw this offer at any time. This offer cannot be used in conjunction with any other offer. Referred applicants must be
at least 18 years of age and not had a Police Bank account within the past 3 years. This offer is only available if the new Member is
referred through policebank.com.au/mates. Members can refer multiple people and receive $50 for every referral that successfully
opens a Membership with us. Only one referrer is eligible for the $50 cash bonus for each new Member and this will be awarded to
the person who referred their mate first. The bonus will be transferred to the Member’s S1 account within 20 business days of new
Membership being opened. Joint applications will only receive one bonus. NSW Police Students from the Goulburn Academy cannot
refer other NSW Police Students.
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