What is it?
Put your Savings to
Work
How is the Interest
Paid?
Exempt from Deeming
Why Invest in the Fund?
How is it Safe?
What is the Minimum?
Further Information
The Anglican Development Fund (The Murray) was established by Synod in 1986 and revised in 1992. The launch of the Fund was deferred for a number of years whilst work progressed in the background.
The Fund is generally modeled on highly successful funds in similar Dioceses of our Church.
The purpose of the Fund is to encourage Anglicans to invest savings into the Fund. The Fund pools the deposits and the Board re-invests the total amount in authorised Trustee investments. The strength of the Fund lies in its ability to pool funds and gain higher rates of interest from safe forms of investment. The surplus of interest is then distributed throughout the Diocese to Parishes or Diocesan Funds. These funds would otherwise be retained by other financial institutions. So, in other words, it costs you nothing to support the work of the Anglican Church in The Diocese of The Murray.
You will find the Anglican Development Fund a most rewarding investment. By placing your savings in the Fund you receive a fair interest rate in return. You may choose to receive this interest, to place at the disposal of your Parish or for the Board to distribute to the needy Parishes in our Diocese. The Fund is free of fees, FID and other account keeping fees. This means that your money is less likely to be eaten away by those charges and at the same time you are funding the work of God. In simple terms it costs you nothing to support the work of the Church through the Anglican Development Fund.
Interest is paid on the daily balance and credited on 31st March and 30th September each year. You may elect to accept the interest and this will be credited to your account, donate this to your local Parish or allow it be distributed by the Board within the Diocese. Instructions for the interest can be changed in writing at any time.
ADF (The Murray) Accounts are exempt from Pensioner Deeming Provisions, making it an attractive investment.
The Board of Trustees bring together a range of experience in Church and financial affairs with a knowledge of today's investment markets. They have adopted a policy of prudent and safe investment and no speculative avenues are considered. The members of the Board are appointed by the Diocesan Council and are also investors in the Fund.
The minimum amount of investment is $500.00. Subsequent amounts can be made in smaller amounts at any time. All deposits must be made by cheque. Please make your cheque payable to "Anglican Development Fund".
If you would like further information please email the Secretary/Manager, Mr Robert Plummer.