May 2018


In this



opportunity for


How to keep your

home secure


friendly changes

to your life and

your finances

Why you should

apply for your

next loan


Plus more!

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

your super.

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).





$50 EACH5

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

Contact Us

PB Contact Centre

(General Enquiries)

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

Eaglenet 88833

Website www.policebank.com.au

Email info@policebank.com.au

BSB 815 000

Customs Bank

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

Website www.customsbank.com.au

Email info@customsbank.com.au

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



Accredited Specialist Property Lawyers


Suite 13, 210 Victoria Road,

Gladesville NSW 2111

Phone (02) 9879 6133


Email: paul@wrlegal.com.au

Website: www.wrlegal.com.au


Important Information

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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