Compensation from your bank or financial institution — is it taxable?

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Suite 209, 25 Solent Circuit
Norwest, NSW 2153

Phone: 61 (02) 8852 5900
Email: info@sca.partners
PO Box 6986
Norwest NSW 2153

Corporate Authorised Representative (AR No. 282594) of Investory Pty Ltd (ABN 69 161 021 941) who holds an Australian Financial Services Licence (No. 432670).

There can be significant risks in acquiring financial products without first obtaining personal advice from a qualified financial services professional. Personal advice involves a recommendation or statement of opinion about a financial product, where advice about the appropriateness or otherwise of the product for the reader is based on a financial services professional’s analysis of the reader’s objectives, financial situation or needs. The key danger of not obtaining personal advice prior to investing or acquiring a financial product is that the financial product may not be appropriate or suitable for the reader. Where that occurs, the reader runs the risk of financial detriment or loss. The information contained on the web page is actually intended to stimulate consideration and discussion between the reader and their professional financial services adviser, and does not represent information intended to be immediately acted upon nor does the information create a professional relationship between the web page author and the reader. Where the information contained on the web page contains details of past performance of any financial product it is important to note that that forms part of an historic record, and does not purport to be or indicate likely future performance