From hlb.com.au: Investment bonds combine features of life insurance policies and investment products, offering tax advantages such as an internal tax rate of a maximum of 30%, with tax-free withdrawals after 10 years.

They facilitate direct wealth transfers to beneficiaries, bypassing estate administration, and provide flexibility in contributions and withdrawals.

While their fees may be higher than other investment options, they serve as effective tools for tax efficiency, estate planning, and medium-term financial strategies.