What is The Bible Trust?
The goal of Bible Society Australia is the same one that Bible Societies around the world have been pursuing for some 200 years: to translate, publish, distribute and engage people with the Bible.
Fifty years ago a fund was set up to allow Bible Society supporters to invest their savings at competitive rates and, at the same time, to allow Bible Society to raise funds for mission work. Investors with The Bible Trust choose the level of interest rate they want and Bible Society benefits by investing your funds to earn interest. The difference between the interest earned and the interest paid to you as The Bible Trust investor is used to fund essential Bible mission work.
In the past 5 years the fund has contributed more than $1.5 million to important Bible work both here in Australia and across the world.
The Bible Trust is…
An investment fund and so much more.
The Bible Trust is a fund that operates specifically for the purpose of holding and investing funds received. The Bible Trust is itself a separate organisation, but is related to Bible Society Australia in that the surplus of the trust is distributed to Bible Society Australia each year.
|Minimum investment:||$1,000 (There is no maximum)|
|Interest paid:||6 monthly, on 31 March and 30 September|
|Investment terms:||Deposits can be made at any time. For withdrawals, investors are required to give The Bible Trust at least 31 days’ notice.|
|Interest rates:||0%, 1%, 1.5%*|
|Deposit & Withdrawals||
Deposits can be made at any time. For withdrawals however, due to regulatory changes, investors are not able to withdraw monies on demand, but are required to give The Bible Trust at least 31 days’ notice.
* Effective 1 July 2015. Interest rates are subject to change.
Is my money safe?
Your investment is safe and guaranteed by Bible Society. Your funds are conservatively invested in Term deposits with the major Australian banks.
Do I pay tax on interest from my investment?
If you invest and choose a rate of interest, you may have to declare the interest you earned as income on your tax return. You should seek tax advice to check the tax implications for your particular circumstances.
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