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Gift Duty to be Abolished

The Government announced that it will abolish gift duty

Cost of Services

Remuneration due to Auckland City Brokers will vary as to the Scope of Service requested.  Our remuneration is largely based on commission received from Insurance Providers.

We also receive consulting fees and insurance plan writing fees.

 

1. A Fully Comprehensive Written Insurance Plan:

The Cost of the plan will be a minimum of $1,500 + GST depending on the complexity of the client's circumstances.  A quote will be given, with the proviso that, if the plan is actually implemented within three months, then the plan cost will be offset by any commission received by us.

 

2. A Limited Advice Scope of Service:

 There will be no cost to the client for consultation and implementation of Insurance Cover under this scope except as stated below under cancellation fees.

Remuneration to Auckland City Brokers Ltd will be by way of commission received from the product provider.

 

3. A Transactional Scope of Service:

There will be no cost to the client for this scope of service.

Remuneration to Auckland City Brokers Ltd will be by way of commission received from the product provider.

 

Cancellation Fees (Please Note)

  •  Where the client cancels the business lodged with an insurer, but before the policy has been issued, then there will be a flat fee of $500 payable by the client.
  • Where the client cancels a policy within 12 months of the policy being issued, but not including any free look period offered by the Insurer, then the cancellation fee will be 75% of any commission received.
  • Where the client cancels a policy after 12 months but less than 24 months following implementation, then the cancellation fee will be 50% of any commission received.

 Fees for Miscellaneous Insurance Consultation/Situation analysis:
These will be subject to a quote based on an hourly rate of $240.00 + GST.

   

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