Perpetual has launched two geared investment products that allow investors to borrow money to invest in superannuation.
The products are in response to the Federal Government's changes to superannuation which allow for a one-off payment of $1 million to be contributed tax free to superannuation before 30 June 2007.
Products include the Geared Australian Share Fund and the Geared High Growth Fund.
Both are internally geared which means they are self funded by Perpetual and investors will not need to make margin calls.
Perpetual is encouraging younger people to take advantage of the new favourable tax environment.
"While the recent focus had been on the one off $1 million opportunity for those 50 years and over, new super rules have created an opportunity for younger investors to accumulate funds and invest for their growth," Perpetual Private Clients head Scott Riedel said.
Riedel said investors including younger people should consider taking advantage of this opportunity by making an after-tax contribution of up to $1 million before June 30 2007.
On Tuesday, Colonial Geared Investments launched an education package that allows its advisers to create strategies for their clients to take advantage of the new superannuation rules.
