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May 2010

12B Polygon Road, St Heliers, AUCKLAND • Ph: 09 522 8182 • Fax: 09 522 8183

www.home-loans.co.nz • hlgroup@home-loans.co.nz

Current Interest Rates*
  Market RateHLG
Floating6.29 %5.69 %
6 Months6.20 %5.95 %
1 Year6.55 %6.25 %
2 Year7.35 %7.10 %
3 Year7.79 %7.50 %
4 Year8.20 %8.00 %
5 Year8.50 %8.30 %


AVOID A 25% INCREASE IN YOUR LIFE INSURANCE PREMIUMS ON 1ST JULY

From 1st July 2010 there will be a change in the way Life Insurance companies are taxed. This will have a direct impact on the cost of premiums in that they could increase by up to 25%.

• The change applies to all Life Insurance policies taken out after 01 July 2010

• Existing Life policies taken out before 01 July 2010 are exempt for a period of up to 5 years

• Taxation change applies to Life Insurance products only

So, the good news is that your existing Life Insurance policy will not be affected and any increase to your life insurance benefit that you take before 1st of July will be exempt from this extra charge.

NOW IS THE TIME TO CONSIDER INCREASING YOUR LIFE INSURANCE COVER.

You could also consider restructuring your insurance so that all or part of your life cover is on a level premium basis which would avoid those annual premium increases as you get older.

If you would like more information please call Sandy on 09-834-0232 and I will contact you to arrange a convenient time to meet with you.

The information contained in this newsletter is intended as a guide only and should not be relied upon.
Clients should make their own inquiries and seek independent professional advice before proceeding.

* Interest Rates are correct at the time of publication, available through specific lenders only,
and are subject to change without notice. Lenders approval, special terms and conditions apply.

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