Commission Rebates

When you find out that you can get back the commissions paid to financial advisors and brokers from your personal loans and insurance polices, you probably think it’s too good to be true – surely the companies that help you get those commissions back are going to charge you fee after fee, to make the whole process more trouble than it’s worth, right? Wrong – when you work with Commission Rebates, we charge you a small upfront fee on your first commission rebate, and the rest is yours to keep year after year.

What are Commission Rebates and How Can You Get Yours?

When you open a home loan, start a personal insurance policy or even sell your house, commissions are paid to the agent, broker or provider up front, and often on an ongoing basis. While a mortgage broker may have helped you apply for a new home loan and a financial advisor may have helped you choose the right life insurance policy are they offering you the kind of ongoing advice and support which warrants ongoing commissions being paid from your loan repayments and insurance premiums?

If you haven’t heard from your advisor or provider since you applied for your financial product from them, then do they really need to still be profiting from your insurance premiums, or from a percentage of your home loan balance? If you’d rather have those profits diverted back to your own bank account, then request a refund by registering now with Commission Rebates.

By registering with Commission Rebates we can make sure the commissions generated from all of your financial products are credited back to you annually, rather than to a financial advisor or provider; you can even receive a part of your real estate agent’s commission back if you register with Commission Rebates before selling your home. Commission Rebates will open a refund account for you which operates just like any other bank account, and is somewhere we can easily deposit the commissions we collect on your behalf, once a year. You can then add these to your savings plan, deposit them as a lump sum onto your home loan or enjoy splurging on yourself – rather than letting your broker have all the fun.

How are the Commission Rebates Fee Calculated?

There are no complex fee calculations to worry about when you enlist the help of Commission Rebates to get you your money back. Instead the Commission Rebates fee structure works in this way:

• There is no joining fee. If you request your refund by registering now with Commission Rebates you will not be charged any joining fee, nor will you be charged anything until we recover your first year of commissions. 
• There is a low annual fee. When Commission Rebates recovers the commissions from your financial products we do not charge you any transaction fees to deposit those funds into your refund account, nor to send you a cheque for the amount, the charge for our time is taken as a small annual fee. 
• You are charged 50% of your first commissions totalling $480. Of the first $480 you receive in commissions, Commission Rebates will charge you a fee of 50%, that is you will be charged $240. After that first $240 has been charged from your commission, you will receive 100% of your commissions paid back to you, for as long as you are registered with Commission Rebates. 
• Your commissions received may go up but your fees won’t. On investments such as superannuation, the trailing commissions are calculated as a percentage of the balance of the account, so the more your super grows, the more trailing commissions are generated. However, since you have already paid 50% of your first $480 of commissions to Commission Rebates, the rest is yours to keep, no matter how much it grows to.

If you are put off from collecting your trailing commissions because you are worried about the fees eating into your returns, request a refund by registering now with Commission Rebates to receive more of your commissions, more easily.