Product Disclosure Statement

Size: px
Start display at page:

Download "Product Disclosure Statement"

Transcription

1 AMP Retirement Savings Account Product Disclosure Statement Contents 1. About AMP Retirement Savings Account 2. How super works 3. Benefits of investing with AMP Retirement Savings Account 4. Risks of super 5. How we invest your money 6. Fees and costs 7. How super is taxed 8. How to open an account 9. Other information This Product Disclosure Statement (PDS) is a summary of significant information and contains a number of references to important information in a Fact Sheet (which forms part of this PDS). You should consider that information before making a decision about AMP Retirement Savings Account. Information in the PDS may change from time to time. We may update information which is not materially adverse to you on amp.com.au/pdsupdates. The information can also be obtained (at no charge) by calling us on or from your financial planner. The information provided in this PDS is general information only and does not take account of your personal financial situation or needs. You should obtain financial advice tailored to your personal circumstances. 1. About AMP Retirement Savings Account AMP Retirement Savings Account ( RSA ) is a superannuation account open to new employees of existing employer sponsors. AMP Retirement Savings Account is capital guaranteed so that your crediting rate cannot be negative. You should read the important information about Information on your account before making a decision. Go to the Fact Sheet available at The material relating to Information on your account may change between the time you read this PDS and the day when you acquire the product. AMP Retirement Savings Account is part of a superannuation fund known as the AMP Superannuation Savings Trust (the fund). AMP Superannuation Limited is the trustee of the fund and is referred to as we or our in this PDS. 2. How super works Super is a long-term investment and a tax-effective way of saving for your retirement. Putting in place a suitable super strategy can increase the likelihood of you doing what you want to do when you retire. In most cases, your employer is required to contribute to a super fund for you. And subject to the terms of your employment, you are usually able to choose which super fund you would like your employer to make its compulsory employer contributions to. Boosting your super savings There are many types of contributions that can be made to your super. These include: Making salary sacrifice contributions. Making additional personal contributions. Taking advantage of the Government co-contribution. Arranging spouse contributions to be made into your account. Issued 21 June 2012 Issued by AMP Superannuation Limited ABN , AFSL No , the trustee of the AMP Superannuation Savings Trust ABN NS /12

2 You may also help build up your super savings in your AMP Retirement Savings Account more quickly by: Consolidating your super into the one account. Finding your lost super. Limits on contributions There are limits on the contributions that can be made into your AMP Retirement Savings Account, depending on your age, how many hours you are working and other factors. The Government also has set dollar limits (or caps) on the amount of contributions that can be made to your super each year before additional tax becomes payable. See How super is taxed on page 5. Accessing your super Because super enjoys tax advantages, the law restricts when you can access your super money. These restrictions are known as preservation rules. Generally this means that you can only access your money after you reach your preservation age (between ages 55 and 60, depending on your date of birth) and retire (with some exceptions) or in certain other circumstances. Once you have satisfied the preservation rules, you can start withdrawing from your super account or access your super in the form of an account based pension (see Benefits of Investing with AMP Retirement Savings Account below). Temporary residents of Australia: If you are a non-resident who has permanently left Australia and not withdrawn your superannuation benefit within 6 months of your temporary visa expiring, we may be required to pay your benefit to the Australian Taxation Office (ATO), after which you will need to apply to the ATO to claim your superannuation. You should read the important information about Types of contributions, Contributions caps and the excess contributions taxes and Money out (Accessing your money) before making a decision. Go to the Fact Sheet available at The material relating to Types of contributions, Contributions caps and the excess contributions taxes and Money out (Accessing your money) may change between the time you read this PDS and the day when you acquire the product. 3. Benefits of investing with AMP Retirement Savings Account The AMP Retirement Savings Account has the following benefits: Security for your super RSA is capital guaranteed so that your crediting rate in RSA cannot be negative. AMP Life s No.1 Fund that has assets in excess of $25 billion as at 31 December 2011 provides this guarantee. As there are no administration fees charged directly to your account, this means that for as long as it stays in RSA, your account balance cannot reduce due to administration fees. Beneficiary nomination options and paying your Death benefit You can provide the Trustee with your preferences on who you want your benefit paid to in the event of your death. You have a choice of: Option 1 - Non-binding (or preferred) nomination. Option 2 - No nomination. You should read the important information about Paying your Death benefit before making a decision. Go to the Fact Sheet available at The material relating to Paying your Death benefit may change between the time you read this PDS and the day when you acquire the product. Access to your super Once you satisfy the preservation rules you can make partial withdrawals from your super, withdraw your super as a lump sum or, you can access your super in the form of an accountbased pension. Easy to deal with AMP Retirement Savings Account puts you in control of your super. You can: View and manage your account online through My Portfolio at any time. Keep your super in one place with our Super Consolidation Service (at no additional cost to you). You should read the important information about Consolidating your super and My Portfolio before making a decision. Go to the Fact Sheet available at The material relating to consolidating your super and My Portfolio may change between the time you read this PDS and the day when you acquire the product. 4. Risks of super All investing involves some risk it s the trade-off for the returns we all want to earn. The key risk with investing in super is investment risk, but there are also other significant risks you need to consider. Investment risk Investment risk means the value of investments and returns are likely to vary. Future returns may differ from past returns. Returns from investing are generally not guaranteed (which means an investor may lose some of his or her money). However, AMP Retirement Savings Account invests in a capital guaranteed life policy, which means that your investment return (crediting rate) in AMP Retirement Savings Account cannot be negative. The rate of return for investing in a fund like AMP Retirement Savings Account which invests in capital guaranteed assets is likely, in the longer term, to be less than for most other asset classes 2

3 Depending on your account balance, and crediting rate, your investment rate of return can be equal to or lower than the rate of inflation. This means there is a risk that the value of your super can fall, in real terms. A capital guaranteed investment is designed to give you security in the shorter term. This is usually at the potential cost of lower returns over the longer term. Investment strategy The investment strategy is to invest in a portfolio with a core of cash and limited exposure to shares. Changes to investments can be made according to the outlook for the various sectors and the nature of the plan. The long-term strategic mix of assets that back the plan are usually in the following ranges: Other risks When investing in super, it is important to understand that: You may not be able to access your super, because of preservation rules. Laws affecting super may change, which may affect the amount of your super and when you can access it. We can change the rules of AMP Retirement Savings Account at any time. Your investment and future super savings may not be sufficient to provide an income for the rest of your life. You should read the important information about Risk of investing before making a decision. Go to the Fact Sheet available at The material relating to Risk of investing may change between the time you read this PDS and the day when you acquire the product. 5. How we invest your money AMP Retirement Savings Account invests in a capital guaranteed life insurance policy issued to us by AMP Life. We are the policyowner of the life insurance policy. Under this policy, AMP Life guarantees to us the full value of members benefits. This life insurance policy is a participating policy in AMP s No.1 Fund. Participating policies are administered in accordance with the Life Insurance Act 1995 and the Insurance Contracts Act Under these Acts, an annual profit is determined for each class of participating policies and shared between the policyowner and the life office. At least 80% of that profit must be allocated to the participating policyowner(s). Currently for the AMP Retirement Savings Account, 92.5% of the annual profit is allocated to the policyowner (the trustee) and 7.5% is allocated to AMP Life. The RSA crediting rates declared are a distribution of our profit to members. Who is AMP Retirement Savings Account designed for? Individuals who want: Capital security for their super. To consolidate all their super in a secure investment. Investment objective The investment objective for account balances over $2,500, is to provide returns (adjusted for costs and tax) over the longer term exceeding those from cash. For all account balances, returns are guaranteed to not be negative. Shares and Alternative Investments 0% - 20% Fixed Interest and Cash 80% - 100% Minimum suggested timeframe and risk level As the RSA invests in a capital guaranteed life policy, there is no minimum suggested timeframe for investment and the overall level of risk of investing in the RSA is low. You should read the important information including How your investment works before making a decision. Go to the Fact Sheet available at The material relating to How your investment works may change between the time you read this PDS and the day when you acquire the product. 6. Fees and costs Did you know? Small differences in both investment performance and fees and costs can have a substantial impact on your long-term returns. For example, total annual fees and costs of 2% of your account balance rather than 1% could reduce your final return by up to 20% over a 30 year period (for example, reduce it from $100,000 to $80,000). You should consider whether features such as superior investment performance or the provision of better member services justify higher fees and costs. You may be able to negotiate to pay lower contribution fees and management costs where applicable. Ask the fund or your financial planner. To find out more If you would like to find out more, or see the impact of fees and costs based on your own circumstances, the Australian Securities and Investments Commission (ASIC) website (www.moneysmart.gov.au) has a superannuation fee calculator to help you check out different fee options. The calculator on the ASIC website (www.moneysmart.gov.au) can be used to calculate the effect of fees and costs on your super account balance. The table below indicates the fees and costs for the AMP Retirement Savings Account. The table can be used to compare the costs of different superannuation products. These fees and costs are deducted from your investment returns. 3

4 Type of fee or cost Amount Fees when your money moves in or out of the fund Establishment Fee Contribution Fee Withdrawal Fee Termination Fee Management costs The fees and costs for managing your investment.* The management costs consist of expenses incurred in running the fund and Performance Based Fees paid monthly out of the fund assets. These costs are reflected in the crediting rates which are set in advance and applied daily to your account balance. These costs are not deducted directly from your account. Nil Nil Nil Nil The gross costs of the fund are estimated as 2.17% pa.** The net costs of the fund are estimated at 1.84% pa.** * This fee includes an amount payable to your financial planner (see Payments to your financial planner in the Fact Sheet). ** The estimates are based on the actual fund costs for the year to 31 December The management costs are not fixed and will vary depending on performance and expenses. Example of annual fees and costs for AMP Retirement Savings Account This table gives an example of how the fees and costs in the AMP Retirement Savings Account can affect your superannuation investment over a 1 year period. You should use this table to compare this product with other superannuation products. Example Balance of $50,000 with total contributions 1 of $5,000 during the year. Contribution Fees Nil For every $5,000 put in, you will be charged $0. Plus Management costs Equals Cost of Account 2.17% 2 And, for every $50,000 you will have in the account you will be charged $1,085 2,3 each year. If you put in $5,000 during a year and your balance was $50,000, then for that year you will be charged fees of: $1,085 3 What it costs you will depend on the investment option you choose and the fees you negotiate with your fund or financial planner The contribution of $5,000 is assumed to be deposited to your account at the end of the year. 2. The Management Costs of 2.17% above are for the 12 month period ending 31 December The amount of fees and costs you actually pay in your account is reduced by 15% to allow for the benefit of the tax deductions passed on to you. The amount you actually pay is $ There is no other investment option and fees cannot be negotiated with the fund or financial planner. Fees paid to financial planners AMP Life will pay a standard commission to the financial planner who advises you or your employer on AMP Retirement Savings Account. This commission is a cost of the fund. The commission amount is not negotiable. These costs are reflected in the crediting rates for all members. The standard commission is 0.25% pa of your total account balance as at 30 June each year. AMP Life pays an additional 10% on the commission amount above for GST if your financial planner is registered for GST purposes. Your financial planner will pay this extra 10% to the ATO. You do not pay this standard commission in addition to the management costs shown in the Fees and costs table above. You may have to pay additional fees to a financial planner if you consult one. You may agree with your financial planner a fee to be paid for financial planning services provided to you in relation to AMP Retirement Savings Account. This fee may be: a one-off dollar amount paid as a lump sum, and/or an ongoing fee, paid monthly, which is either a fixed dollar amount or a set percentage of your account balance. The Statement of Advice from your financial planner details any fees for their financial planning services. Changing the fees We can introduce new fees or change existing fees at any time. We will notify you at least 30 days before we introduce new fees or increase existing fees. 4

5 The trust deed permits us to introduce a Trustee Fee of 3% each year of the amount you have invested (this fee is currently not charged). New fees can be charged or existing fees changed if: AMP Life changes its fees under the superannuation policy we hold. Permitted by law. In this product, expenses are ultimately reflected in the crediting rates (crediting rates can change at any time without prior notice to you). You should read the important information about Fees and other costs before making a decision. Go to the Fact Sheet available at The material relating to Fees and other costs may change between the time you read this PDS and the day when you acquire the product. 7. How super is taxed As an incentive to save for your retirement, the super system offers attractive tax benefits. Generally your super may be taxed in the following situations: Type of tax Description How the tax is paid When contributions are made On your earnings while your money is invested When you withdraw money from super and you are under age 60 When you withdraw money from super and you are age 60 or over Employer, salary sacrifice and personal member contributions for which a tax deduction is claimed are taxed at a rate of up to 15%, which is known as contributions tax. A maximum of 15% tax is applied to the investment earnings of your super. If you withdraw your money as a lump sum and don t transfer that money directly to another super fund, then generally you are subject to lump sum tax based on the taxable component of your withdrawal benefit. No tax is payable. - Contributions tax is paid by us to the ATO quarterly. We will deduct this tax from your account quarterly (or earlier when you close your account). This tax is deducted before we declare investment returns (that is, crediting rates are net of this tax). Tax is payable on assessment of your income tax return, but we deduct an amount from your withdrawal benefit as prescribed by law. The prescribed amount deducted may differ from the tax payable on assessment. Collecting your Tax File Number (TFN) When you apply for AMP Retirement Savings Account, you should consider providing us with your TFN. If your employer nominates you to join AMP Retirement Savings Account they must give us your TFN if you have given it to them. If you or your employer don t tell us your TFN: Any employer contributions will have the No-TFN tax applied at the rate of 31.5%. This is in addition to the contributions tax you have already paid on those contributions. This No-TFN tax is calculated and deducted at the earlier of 30 June each year and when you close your account. We may have to deduct higher tax than we would otherwise have to on your superannuation lump sum withdrawals and the income payments we make to you. We cannot accept any personal contributions and certain other types of contributions. Tip: Check your statement to see if we have your TFN. If we don t, you should consider giving it to us to avoid us deducting extra tax from your account. Excess contributions taxes If you exceed the maximum amount of contributions (called caps ) set by the government in any financial year for a person your age, you may be required to pay an excess contributions tax of up to 46.5% of the excess. If this occurs, the Australian Taxation Office will issue you with an assessment and a Release Authority and you will need to pay the tax within 21 days. This tax may, or in some circumstances must, be paid from your super account balance. Tip: Keep an eye on contributions to all your superannuation funds to avoid exceeding the caps. We do not monitor super contributions made to your account against the caps. You should read the important information about Tax and social security before making a decision. Go to the Fact Sheet available at The material relating to Tax and social security may change between the time you read this PDS and the day when you acquire the product. 8. How to open an account Individuals AMP Retirement Savings Account no longer accepts new personal applications. Employer sponsors AMP Retirement Savings Account no longer accepts new employer-sponsored applications. Existing employer sponsors can continue to add new employees to their employer plan. Employee members Your account is automatically opened when your employer nominates you to join their AMP Retirement Savings Account - Employer plan. 5

6 Cooling-off period Cooling-off rights do not apply to employee members. Enquiries and complaints process All aspects of AMP Retirement Savings Account are governed by the fund s trust deed and insurance policies held by us, including in the event of a dispute. You can find out additional information about your AMP Retirement Savings Account, and request a copy of this PDS and any additional information that has been referred to in this PDS, from your financial planner or AMP Customer Service. If you are unhappy about any aspect of your account or our service, please contact AMP Customer Service: Online amp.com.au/enquiry Phone Mail Customer Service AMP Life Limited PO Box 300 PARRAMATTA NSW 2124 Fax Internet My Portfolio We will try to resolve your complaint as quickly as possible. If we cannot resolve it immediately, we will keep you informed about our progress. Where we cannot resolve your complaint within 90 days or if you are unhappy with our decision, you may be able to lodge a complaint with the Superannuation Complaints Tribunal (SCT). The SCT is an independent body established by the Government to review certain decisions of superannuation trustees. Superannuation Complaints Tribunal Website sct.gov.au Phone Or write to Locked Bag 3060 MELBOURNE VIC 3001 Time limits apply to certain complaints to the SCT. If you have a complaint, you should contact the SCT immediately to find out if a time limit applies. The SCT can only become involved after the Trustee s efforts at resolving your complaint have failed. 9. Other information You should read the additional important information about Collection of Tax File Numbers, AMP and your privacy, (including our collection of your personal information to establish and manage your AMP Retirement Savings Account and for related purposes such as providing you with information about other AMP financial services), Additional identification requirements, and what occurs when Leaving your employer, before making a decision. Go to the Fact Sheet available at The material relating to these subjects may change between the time when you read this PDS and the day when you acquire the product. 6

7 This page has been left blank intentionally. 7

8 This page has been left blank intentionally. 8

9 AMP Retirement Savings Account Fact Sheet ISSUED 21 June 2012 Issued by AMP Superannuation Limited ABN , AFSL No , the trustee of the AMP Superannuation Savings Trust ABN

10 This is the Fact Sheet for AMP Retirement Savings Account (RSA). The AMP Retirement Savings Account Fact Sheet is an important document. The information in this Fact Sheet forms part of the AMP Retirement Savings Account Product Disclosure Statement (PDS) dated 21 June 2012 for new employee members of existing employer plans. You should consider the PDS and this Fact Sheet before making any decision about whether to acquire or continue to hold the account. The PDS is available online at The information in this Fact Sheet is of a general nature only. It is not based on your personal objectives, financial situation and needs. You should consider whether the information in this Fact Sheet is appropriate for you in accordance with your objectives, financial situation and needs. To obtain advice or more information about the account covered in the PDS you should speak to a licensed or authorised financial planner. AMP Superannuation Limited (ASL) and other providers AMP Superannuation Limited is the trustee of the AMP Superannuation Savings Trust (of which AMP Retirement Savings Account is a part) and is referred to as Trustee, we or us in this Fact Sheet. AMP Life Limited guarantees that the rate of return will never be negative. Apart from this, none of the trustees, or any other company in the AMP group or any of the investment managers of AMP Retirement Savings Account: is responsible for any statements or representations made in this Fact Sheet, or guarantees the performance of ASL s obligations to members nor assumes any liability to members in connection with AMP Retirement Savings Account. An investment in AMP Retirement Savings Account is not a deposit with the trustee and is not a deposit with, or other liability of, AMP Bank Limited ABN (AMP Bank), or any other company in the AMP group. The trustee is not a bank. The AMP Bank does not stand behind the trustee. AMP companies receive fees and charges in relation to AMP Retirement Savings Account outlined in the PDS and Fact Sheet. AMP employees and directors receive salaries and/or benefits from AMP companies. This offer is available only to persons receiving (including electronically) the PDS and Fact Sheet within Australia.

11 Contents Information on your account 2 How it works 2 How do I join? 2 Types of contributions 2 Consolidating your super 5 Other information 5 Contribution Caps and the Excess Contributions Taxes 5 Tax and social security 7 Family law and your super 9 Your Death benefit 9 Your beneficiaries 9 Paying your Death benefit 10 Keeping you informed 11 My Portfolio - online information about your account 11 Legal arrangements 11 The relationship between the Trustee and other service providers 12 AMP and your privacy 12 Additional identification requirements 13 Collection of Tax File Numbers 13 Other information on your account 13 How to transact 14 Transacting on your account - quick reference table 14 Money in 14 Choosing your super fund 14 Your employer s contributions 14 How we invest your money 15 Money out 15 Leaving your employer 16 How your investment works 17 Investment manager 17 Investment objective 17 Investment strategy 17 Risk of investing 17 How are crediting rates determined? 17 Fees and other costs 19 Fees and other costs 19 Additional explanation of fees and other costs 20 Performance Based Fees 20 Small account protection 20 Payments to your financial planner 20 Alternative Forms of Remuneration Register 21 Transaction and operational costs 21 Changing the fees 21 Employer plans 22 Award modernisation - Important information for employers in respect of Award covered employees 22 How to transact 22 Making contributions 22 Additional information 23 Policy committee 23 Cooling-off 23 Enquiries and complaints process 24 Super Complaints Tribunal 24

12 Information on your account How it works AMP Retirement Savings Account (RSA) is a capital guaranteed superannuation account open to new employees of existing employer sponsors. How do I join? Individuals AMP Retirement Savings Account no longer accepts new personal applications. Employer sponsors AMP Retirement Savings Account no longer accepts new employer-sponsored applications. Existing employer sponsors can continue to add new employees to their employer plan. Employee members You can become a member of AMP Retirement Savings Account by being nominated for membership by your employer. Types of contributions We can accept the following contributions into your account: Contribution type Member contributions Spouse contributions Superannuation Guarantee (SG) and Award/Industrial Arrangement Employer contributions Salary sacrifice and additional employer contributions Government co-contributions Overseas transfers Directed termination payments Transfers and rollovers Description Contributions you as a member pay either from your after-tax income or which you personally claim as a tax deduction. Contributions your spouse pays into your account (however, to be eligible to claim a tax offset, amongst other matters, your spouse must not be entitled to a tax deduction for the contributions and must not live separately from you on a permanent basis and your assessable income (including any reportable fringe benefits and reportable employer superannuation contributions) for the financial year must be less than $13,800). Contributions an employer pays to avoid a liability for SG charge, and contributions paid to comply with an Award or Industrial Arrangement. You may be able to arrange for your employer to make contributions to your account instead of paying you an equivalent amount of pre-tax salary. These salary sacrifice contributions and are treated as employer contributions. Your employer can also make employer contributions to your account in addition to SG, Award/Industrial Arrangement and salary sacrifice contributions. You may be eligible to receive a co-contribution from the Government (see page 4 for more details). We can accept overseas transfers (including UK transfers). An employment termination payment made by an employer before 1 July 2012 due to legal entitlements existing as at 9 May You can transfer or rollover existing superannuation monies into your account, at any time, no matter how old you are. Certain contributions cannot be accepted if we don t have your Tax File Number (see Collection of Tax File Numbers on page 13). If contributions made in a year exceed the Contributions Caps, you may be taxed on the excess contributions (see Contribution Caps and the Excess Contributions Taxes on page 5). There are also certain limits on the amount that can be accepted as a single non-concessional contribution. 2

13 When can we accept contributions? There are restrictions on the types of contributions we can accept into your account depending on your age, the number of hours you are working and other factors. These are set out in the table below: Type of contribution 6 You are under age 65 You are age 65 to 69 Member contributions 1,8 At any time Only if you have been gainfully employed on at least a part-time basis during the financial year in which the contributions are made 3 Spouse contributions 1,5 At any time Only if you have been gainfully employed on at least a part-time basis during the financial year in which the contributions are made 3 Employer contributions - Superannuation Guarantee (SG) 1,2 and Award/Industrial Arrangement 1,4 Salary sacrifice and additional employer contributions 4 Directed termination payments, CGT exempt contributions and overseas transfers 7 Government co-contributions Government low income superannuation contributions 9 You are age 70 to 74 7 Only if you have been gainfully employed at least on a parttime basis during the financial year in which the contributions are made 3 No spouse contributions accepted You are age 75 or over Cannot be accepted Cannot be accepted At any time At any time Award/Industrial Arrangement employer contributions at any time and from 1 July 2013, SG contributions at any time Award/Industrial Arrangement employer contributions at any time and from 1 July 2013, SG contributions at any time At any time Only if you have been Only if you have been Cannot be accepted gainfully employed on gainfully employed on at least a part-time basis at least a part-time basis during the financial during the financial year in which the year in which the contributions are made 3 contributions are made 3 At any time Only if you have been Only if you have been Cannot be accepted gainfully employed on gainfully employed on at least a part-time basis at least a part-time basis during the financial during the financial year in which the year in which the contributions are made 3 contributions are made 3 At any time At any time In limited Not applicable circumstances 5 At any time At any time At any time At any time Transfers/rollovers At any time At any time At any time At any time 1. Member and spouse contributions cannot be accepted (and therefore no Government co-contributions can be received) if we don t have your Tax File Number (TFN). Any concessional contributions in excess of the Concessional Contributions Tax will be liable for an additional 31.5% tax and will count towards your Non-concessional Contributions Cap. Any after-tax personal member contributions (including spouse contributions received) in excess of the Non-concessional Contributions Cap will be subject to Excess Contributions Tax of 46.5%. The ATO treats all member contributions, in the first instance, as non-concessional, and adjusts the contributions to concessional if a tax deduction is claimed in your income tax return. 2. SG contributions end at age 70 until 1 July 2013 whereby there is no age restriction on eligibility for SG contributions. 3. You are considered to have been gainfully employed on a part-time basis during a financial year if you are gainfully employed for at least 40 hours in a period of not more than 30 consecutive days in that financial year. 4. If we don t have your TFN an additional tax called the no-tfn tax will be deducted from your account. 5. You must be under age 71 at the end of the financial year in which an after-tax contribution is made to receive a Government co-contribution. 6. Personal and non-mandated contributions can be accepted after age 75 if made in the 28 days following the end of the month you turn age 75. You must also have been gainfully employed on at least a part-time basis in the financial year contributions are made. 7. Directed termination payments can only be rolled over up to 30 June Payments from a First Home Saver Account into super will be treated as a member contribution and are subject to the Non-concessional Contributions Cap. They are not eligible for the Government co-contribution. Such payments can be made after age 65 without the need to be working on at least a part-time basis. 9. A Government low income superannuation contribution of up to $500 per year may be paid in respect of a member who had a concessional contribution made in respect of the member on or after 1 July 2012 and the member s adjusted taxable income for the financial year does not exceed $37,000 pa. See Government low income superannuation contribution on page 4 for more information. 3

14 Government co-contributions The Federal Government provides a matching cocontribution for every $1 of after-tax personal contributions, up to a maximum co-contribution limit per year. Currently, it applies if you: Earn at least 10% of your total income** (gross assessable income plus reportable fringe benefits plus reportable employer super contributions) from carrying on a business, eligible employment as defined for co-contribution purposes or a combination of both. Earn less than $61,920* in total income.** Are not a temporary resident at any time in the financial year. Are under 71 years of age at the end of the financial year in which your contribution was made, and Lodge an income tax return with the ATO for the financial year. Your entitlement: If your total income** is $31,920* or less in a financial year, the Government will contribute $1 for every $1 of after-tax personal member contributions with a maximum co-contribution of $1,000. If your total income** is more than $31,920* but less than $61,920* in a financial year, the Government co-contribution is $1,000 reduced by cents for each dollar your total income is over $31,920.* If your total income** is $61,920* or more in a financial year, you are not entitled to a Government co-contribution. When received, the co-contribution is treated in the fund as a non-concessional contribution and is subject to the preservation rules. However, the Government co-contribution is not counted towards the Non-concessional Contributions Cap. * Indexed annually, but indexation is temporarily frozen. On 11 May 2011, the Government announced that it will continue to freeze the co-contribution income thresholds for an additional year to 2012/2013. Furthermore, in its 2011/2012 mini-budget, the Government announced that from the 2012/2013 year and onwards the matching rate will be 50%, meaning the maximum co-contribution will be $500 pa for a $1,000 member contribution. The income thresholds will be $31,920 and $46,920. These proposed changes have not yet been made law. ** Reduced by amounts for which the person is entitled to a deduction for carrying on a business. Government low income superannuation contribution From 1 July 2012 onwards, the Government will make a contribution of up to $500 in a financial year in respect of a member where: The member s adjusted taxable income for the financial year does not exceed $37,000. A concessional contribution in respect of the member was made in the financial year. The member earns at least 10% of the member s total income* (gross assessable income plus reportable fringe benefits plus reportable employer super contributions) from carrying on a business, eligible employment as defined for co-contribution purposes or a combination of both, in the financial year. Are not a temporary resident at any time in the financial year. * Reduced by amounts for which the person is entitled to a deduction for carrying on a business. The amount of the Government low income superannuation contribution that will be made in respect of an eligible member in a financial year is determined as the lesser of: a) 15% of the total concessional contributions made in respect of the member in the financial year, and b) $500, provided that where the amount worked out under (a) above is less than $20, no Government low income superannuation contribution will be paid to the member in respect of that financial year. Contribution splitting You may, under certain circumstances, be able to split to your spouse s super up to 85% of your annual: Employer contributions, and Member contributions you claim as a tax deduction. The amount that can be split cannot exceed your Concessional Contributions Cap. Non-concessional contributions (eg member contributions from your after-tax income) cannot be split. Each year you can only make one application to split contributions. This application can be made at any time during the financial year that immediately follows the financial year in which the contributions were made. Also, if you close your Super account, then you can split the contributions made during the year in which you close the account. Please contact us for additional information. UK pension transfers AMP Retirement Savings Account is currently able to accept amounts from United Kingdom (UK) pension schemes. Qualifying Recognised Overseas Pension Scheme (QROPS) concessional tax arrangements apply. The UK Revenue & Customs has confirmed that the AMP Superannuation Savings Trust, of which AMP Retirement Savings Account is a part, is registered as a QROPS. Members who transfer UK pension scheme balances overseas currently only receive concessional tax arrangements if they transfer the balance to a QROPS. 4

15 If the UK Revenue & Customs changes the conditions for QROPS we will notify you via an update on amp.com.au/pdsupdates. These amounts are regarded as personal member contributions. They can only be made into your account if you satisfy the personal member contributions rules set out in the table on page 3 and may also count towards your Non-concessional Contributions Cap (see Tax and Social Security on page 7). Other Australian taxation rules also apply especially where amounts are received after 6 months of becoming an Australian resident for taxation purposes. Please contact us on if you need more information. To request a transfer you can provide us with the information either in your application or through My Portfolio. How to make contributions You, your spouse or your employer can make contributions using the following payment methods: Method of payment Bpay (Reference details will be provided in your Welcome Pack and are also accessible via My Portfolio) Cheque Description You, and your employer can use Bpay to make a payment at any time. Bpay biller codes: Member contributions: 6528 SG and Award contributions: Salary sacrifice and additional employer contributions: You can send us a cheque payable to AMP Retirement Savings Account together with your member number and the contribution type to: Customer Service AMP Limited PO Box 300 PARRAMATTA NSW 2124 Please ensure that all relevant information accompanies your cheque to help ensure the investment of your contributions is not delayed. Spouse contributions can only be made by cheque. Simply state it is a spouse contribution. Registered to Bpay Pty Ltd ABN Consolidating your super If you have more than one super account in various superannuation funds, you could benefit by consolidating your super into a single account. Consolidating your super into your AMP Retirement Savings Account isn t difficult or confusing. Our Super Simple Service makes consolidation easy by doing most of the paperwork for you and contacting your existing super funds to make sure your super is where you want it. You can request to consolidate your super online at amp.com.au/consolidate, or by calling us on Important: Before consolidating, you need to consider how your existing superannuation accounts compare to AMP Retirement Savings Account, and what effect consolidating will have on any insurance cover and whether any exit fees apply. If you are unsure, speak with your financial planner or contact AMP. Other information Spouse contributions - possible tax benefit You may be able to benefit from a tax offset for making contributions to your spouse s super or by having them make contributions to your super. Your financial planner can provide you with more details. Tax deductions for employers and the self-employed If your employer makes a contribution on your behalf (including salary sacrifice contributions) then, generally, that contribution is fully tax deductible to the employer. You may be eligible to claim a tax deduction for your personal member contributions if you re self-employed, or substantially self-employed, or don t receive more than 10% of your income from an employer). Different rules apply if you are under 18. Contributions chosen to be excluded from the Non-concessional Contributions Caps (see below) by reason of an eligible CGT exemption cannot be claimed as a personal tax deduction. Contribution Caps and the Excess Contributions Taxes Because superannuation benefits you receive from age 60 are tax-free, and employer contributions and personal deductible contributions have no limit, there are constraints on the level of contributions made to a superannuation fund for your benefit that receive tax concessions in superannuation funds. These constraints are referred to as Contributions Caps, and are shown in the table on the following page. 5

16 The Contributions Caps are applied to 2 types of contributions: Concessional contributions Non-concessional contributions are generally those contributions or payments that have received some form of tax concession, such as employer contributions that are deductible to the employer and not included in the assessable salary of the employee. Concessional contributions include: Employer contributions (including salary sacrifice contributions). Defined benefit notional contributions. Personal member contributions you claimed as a tax deduction. 1 Certain allocations of surplus, and Taxable component of directed termination payments in excess of the $1 million cap. are generally after-tax or post-tax contributions or payments and include: Personal member non-deductible contributions (personal after-tax contributions). Spouse contributions (including for same sex couples). Tax-free part of overseas transfers, and Excess concessional contributions. 1. Personal member contributions are only converted to concessional upon the lodgement and assessment of your income tax return in which the tax deduction is claimed. The above is not an exhaustive list. There are exclusions from the Contributions Caps, such as: Rollovers from taxed super funds. Proceeds from certain small business capital gains concessions, collectively capped at $1,205,000 in 2011/12 (indexed) and $1,255,000 in 2012/13 (indexed) covering the: Small business retirement exemption ($500,000 maximum), and Small business 15 year exemption proceeds. Proceeds from certain personal injury settlements. Taxable amount of certain overseas transfers, and The first $1 million of the taxable component of a directed termination payment, as well as all its tax-free component. The Contributions Caps are: Type of contribution Concessional Contributions Cap Cap 1 $25,000 pa 2 or $50,000 pa 3 under transitional arrangements Special arrangement or transitional rule Transitional arrangements of a concessional contributions cap of $50,000 are for a person who is aged 50 or over, and apply until 30 June The Government has announced that from 1 July 2014, the $50,000 pa concessional contributions cap will apply to people aged 50 and over whose account balances are less than $500,000. This has not yet been made law. Non-concessional Contributions Cap 1 $150,000 4 pa If under age 65, you can bring forward 2 years of caps. That is, you can make non-concessional contributions of up to $450,000 in one financial year. However, you will not be able to make any further non-concessional contributions for the next 2 years. 1. This cap is also used to limit the amount of contributions a superannuation fund can accept in some circumstances. 2. Normally indexed annually in line with average weekly ordinary time earnings in increments of $5,000 (rounded down). However, the Government has announced that it will continue to freeze the indexation of the Contributions Caps up to and including the 2013/2014 financial year. This proposal has not yet been made law. 3. Not indexed. 4. This cap will be calculated as 6 times the standard $25,000 Concessional Contributions Cap. Contributions in excess of the Concessional Contributions Cap are taxed at a penalty rate of 31.5% in addition to the 15% contributions tax.* The 31.5% Excess Concessional Contributions Tax may be paid personally, or if the individual elects, by debiting their superannuation account balance. Note that the excess concessional contributions also count towards the Non-concessional Contributions Cap. Contributions in excess of the non-concessional caps are taxed at 46.5%. This is called the Excess Non-concessional Contributions Tax and must be paid from your account balance. The excess contributions tax rates are applied to the gross amount of the excess contribution or payment and there is no reduction for death and disability premiums, unlike the standard 15% contributions tax allowance on concessional contributions. * The Federal Government has announced that from 1 July 2012, individuals with income greater than $300,000 will have the tax concession on their contributions reduced from 30% to 15% (excluding the Medicare levy). This proposal has not yet been made law. 6

17 Release Authority from the Australian Tax Office (ATO) If the ATO makes an excess contributions tax assessment, a Release Authority (RA) is issued to you. If the assessment and RA is in relation to Excess Concessional Contributions Tax, you may either pay the tax directly within 21 days of receipt of the assessment, or send the RA to a superannuation fund holding your investments within 90 days of receipt of the RA for the fund to pay the tax liability from your account. Note however, that payment of the tax liability is due within 21 days from receipt of the assessment. This RA is referred to as a Voluntary Release Authority (VRA). If the RA is in relation to Excess Non-concessional Contributions Tax, you must forward the RA to the superannuation fund which holds your investments within 21 days of notice of the assessment. The fund must then pay the Release Amount (see below) from your account. Note that payment of the tax liability is due within 21 days after the date of the notice of assessment. This RA is referred to as a Compulsory Release Authority (CRA). If you do not forward the RA to the superannuation fund which holds your investments within 21 days of receipt of the assessment, the ATO may issue a CRA directly to the Trustee. The Release Amount is equal to the lesser of: the amount specified in the RA. the amount requested to be paid by you or the ATO, and the total value of every superannuation interest (other than a defined benefit interest) held on your behalf by the Trustee. Note that the fund will not pay the full tax liability if your plan is less than the liability. How do you claim a tax deduction for your personal member contributions? To claim a tax deduction for your personal member contributions you will need to complete a Notice of intent to claim a deduction form specifying the amount of contributions that you intend to claim as a tax deduction and return it to AMP. At the end of July each year, we send a Notice of intent to claim a tax deduction form to you if you are: A new member who has made personal member contributions into your account in the previous financial year. An existing member who has made personal member contributions into your account in the previous financial year and claimed a tax deduction in either of the last 2 financial years. If you don t receive a form in the mail, you can also call us and ask for a form. To be valid, your Notice of intent to claim or vary a deduction for personal super contributions form must be lodged with us before the earliest of the following dates: The day that you lodged your income tax return for the year(s) for which you are claiming a tax deduction, or the end of the income year after the year for which you are claiming a tax deduction, whichever is the earlier, and The date you ceased to have your contributions in your accumulation account, and The date part or all of your contribution was used a commence a pension. Once we receive a completed Notice of intent to claim a tax deduction form, we will send you a Superannuation Fund Acknowledgement. You should keep this for your tax records. Tax and social security This tax and social security information is of a general nature only. Tax and social security laws are complex and can change. We recommend you discuss your own circumstances with your financial planner or tax adviser before you decide to invest. Tax Superannuation is a long-term way of saving that has tax advantages to help you achieve the income and lifestyle you want in retirement and (if you have insurance) protecting you and your family if you die or become disabled. Generally, your super may be taxed: When certain contributions are made. While your money is invested. When you withdraw money you can access under age 60. 7

18 When contributions are made When you rollover or transfer money from another fund While your money is invested When you withdraw money from super - over 60 Lump sum tax rates for under age 60s An allowance (contributions tax) of 15%* applies to employer contributions such as superannuation guarantee, award, salary sacrifice, additional employer contributions, and member contributions for which a tax deduction is claimed. If you make after-tax personal member contributions, a spouse makes a contribution to your account or the Government co-contribution is credited to your account, then contributions tax will not be deducted from these contributions. * The Federal Government has announced that from 1 July 2012, individuals with income greater than $300,000 will have the tax concession on their contributions reduced from 30% to 15% (excluding the Medicare levy). This proposal has not yet been made law. If you exceed your Contributions Caps, you will be required to pay an Excess Contributions Tax of up to 46.5% of the excess (refer to Contribution Caps and the Excess Contribution Taxes on pages 5 and 6). Currently, contributions tax is calculated and deducted from your account quarterly and when you leave AMP Retirement Savings Account. A further tax (called the no-tfn tax) of 31.5% applies to employer contributions if you do not give us your Tax File Number (TFN). The no-tfn tax of 31.5% for not supplying your TFN is calculated and deducted at the earlier of 30 June each year and when you leave AMP Retirement Savings Account. The no-tfn tax may be refunded if the TFN is supplied within 4 financial years from when the contribution is made. Any refund will be added to your account and will be subject to the usual cashing and taxing rules. Generally, rollovers and transfers from taxed sources are not taxed when added to your super. However, any remaining superannuation surcharge liability arising in your previous fund may be transferred to your new account with us. We will subtract any surcharge liability from your account as the law requires us to. If you have an untaxed element in the taxable component of your benefit, we generally deduct 15% contributions tax at the time you rollover this component. A maximum of 15% tax is applied to the investment earnings of your super. Capital gains on some assets within a superannuation fund that are held for at least 12 months are taxed at an effective rate of up to 10%. This tax is deducted before we declare investment returns (that is, crediting rates are net of tax). All lump sum and income benefits received by you on or after age 60 are tax-free. If you are under age 60, withdraw your money and: don t transfer that money directly to another superannuation fund, then generally you are subject to lump sum tax based on the components of your withdrawal benefit. (See table below.) do transfer this money directly to another superannuation fund, an account-based pension, or other product designed to provide you with an income stream, then you will not need to pay any lump sum tax on this transfer. Remember, because super enjoys tax advantages, the law restricts when you can access your super. See the How to transact section. For more details, contact a financial planner or AMP. Component Tax-free Taxable component - Taxed Element Tax treatment Completely tax-free Under age 55* Maximum = 20%** Aged 55* to 59 First $165,000^ = 0% Maximum tax on amounts in excess of $165,000^ = 15%** Age 60 or over Completely tax-free * This age is calculated by reference to preservation age and is higher than 55 for those born after 1 July ** Plus 1.5% Medicare levy and for the 2011/2012 financial year, a Flood levy may apply. ^ For the 2011/2012 financial year (will be $175,000 for the 2012/2013 financial year). Note, for the 2011/2012 financial year, this amount (the low rate cap amount ) is included in the taxable income that is subject to the Flood levy. You are only allowed one low rate cap amount regardless of how many funds you are invested in and whether they are taxed or untaxed. The low rate cap amount may be reduced by previous lump sum withdrawals of tax-free amounts. This list is not exhaustive. For more details, contact your financial planner or AMP. 8

19 Superannuation lump sum - less than $200 Lump sum Death benefits If you withdraw your entire super as a lump sum you will receive it tax-free provided the following criteria are met: you are a lost member who is found and the entire amount of your benefit is less than $200 and results in a closure of your account, or you have terminated employment with your AMP Retirement Savings Account employer and the entire amount of your preserved benefit at the time of termination is less than $200. Note: Super funds are required to transfer certain lost accounts (ie accounts with less than $200 or accounts that have been inactive for a period of 5 years and have insufficient records to ever identify the owner of the account) to the ATO. Former holders of these accounts will still be able to reclaim their money from the ATO at any time. Generally, lump sum Death benefits are tax-free, where the benefit is paid to a dependant under tax law. See below for a definition of dependant. The taxable component of lump sum Death benefits paid to a non-dependant under tax law will incur 15% tax (on the taxed element ) plus Medicare levy and 30% tax (on the untaxed element ) plus Medicare levy. Non-dependants of defence and police force personnel killed in the line of duty are treated as tax dependants. Social security Centrelink may count your investment in this financial product under the means test in certain circumstances. As the rules are complex, you should seek the advice of your financial planner or seek information from the Financial Information Service provided by Centrelink, or the Veterans Affairs Financial Information Service. Family law and your super If you separate or divorce from your spouse, then your interest in your super may be split. Currently, in all States and Territories (apart from Western Australia), your interest may also be split if a de facto relationship (including a same sex relationship) breaks down. Your account can also be flagged as part of a separation or divorce - this prevents us from making most types of payments. The law sets down how superannuation interests will be valued and split for these purposes. Splitting or flagging can be achieved by agreement between the separating or divorcing couple or by a court order. If your AMP Retirement Savings Account is split, then your spouse (including a de facto spouse) will not automatically have a Retirement Savings Account of their own. Your spouse can apply to have a new super account, transfer the benefit to another superannuation fund or take the benefit in cash if they satisfy a condition of release. If your interest is split, then your spouse s interest may be transferred to the AMP Eligible Rollover Fund. Your Death benefit If you die while you are an AMP Retirement Savings Account member, then we will pay a Death benefit. Your Death benefit is equal to the value of your account balance. Your beneficiaries If you are age 18 years or over, you can nominate one or more beneficiaries to receive your Death benefit. Generally, all beneficiaries must be your dependant(s). You can also nominate your estate (we call this your legal personal representative). Under superannuation law, you cannot nominate anyone else as a beneficiary. If you are under age 18, you or your guardian cannot make a Death benefit nomination. You can decide to make no nomination. Who is a dependant? A dependant under superannuation law includes: Your spouse 1 (including a de facto spouse whether of the opposite or same sex). Your children 2 (including an adopted child, a stepchild, or ex-nuptial child). Any person who is financially dependent on you, and Any person with whom you have an interdependency relationship (see What is an interdependency relationship? below). A person must be a dependant on the date of your death to be a beneficiary. 1. Spouse of a person includes: the person s husband or wife, another person (whether of the same sex or a different sex) registered on the relationship registers of a State or Territory, (which at the date of this Fact Sheet are Victoria, Tasmania, the Australian Capital Territory, New South Wales and Queensland), or another person who, although not legally married to the person, lives with the person on a genuine domestic basis in a relationship as a couple. Note: For tax purposes, a former spouse is also a dependant. 2. Child in relation to a person includes: an adopted child, a stepchild or an ex-nuptial child of the person, a child of the person s spouse, and someone who is the child of the person within the meaning of the Family Law Act 1975 (for example, a child as a result of a Court Order giving effect to a surrogacy arrangement). Note: For tax purposes, only a child under 18 years of age is a dependant unless the child is a financial dependant. 9

20 What is an interdependency relationship? Two persons (whether or not related by family) have an interdependency relationship if: they have a close personal relationship, and they live together, and one or each of them provides the other with financial support, and one or each of them provides the other with domestic support and personal care. An interdependency relationship also includes 2 persons (whether or not related by family): who have a close personal relationship, and who do not meet the other 3 criteria listed in the paragraph above because either or both of them have a physical, intellectual or psychiatric disability. Paying your Death benefit You can choose who you want to receive your Death benefit. You have a choice of: Option 1 - Non-binding (or preferred) nomination. Option 2 - No nomination. They are each discussed below. Before you consider making a nomination, there are a number of factors that you should keep in mind. For example, the type of beneficiary you nominate can have tax implications for your dependant(s) when they receive your Death benefit. For this reason, we strongly recommend that you discuss your nomination with your financial planner. Option 1 - Non-binding (or preferred) nomination If you make a non-binding (or preferred) Death benefit nomination, we will decide which of your dependants and/ or legal personal representative will receive your benefit after your death. We have absolute discretion to pay your Death benefit to any of your dependants and/or to your legal personal representative in the proportions that we decide, however, we will take into account your non-binding nomination. When we receive your nomination we will not check if: the beneficiaries you have nominated are your dependants or your legal personal representative, or you have signed or completed the nomination form correctly. A non-binding nomination will continue to apply until you cancel it or make a new one. Therefore, it is important that you keep your non-binding nomination up-to-date in line with your personal circumstances. You can cancel your non-binding nomination or make a new one at any time. If you cancel your non-binding nomination without making another nomination, then we must pay your Death benefit in accordance with Option 2 - No nomination. Nominations must be in writing and can be made, updated or cancelled by completing the Nominated or preferred beneficiary form available from amp.com.au/rsa or by contacting us. Option 2 - No nomination If you don t make a nomination, or you cancel your existing nomination and do not make a new nomination, then we must pay your Death benefit to your estate. However, if your estate is insolvent or if a legal personal representative has not been appointed to manage your estate within a reasonable period of time, then we will decide: if you have dependants, which of your dependants will receive your Death benefit and in what proportions, or if you have no dependants, which other persons will receive your Death benefit and in what proportions. We will have regard to any statements about superannuation made in your will. This means that if you do not have a non-binding nomination, you should consider making a will or altering your will to cover your Death benefit. When and how we pay your Death benefit Your dependants may receive your Death benefit as a lump sum payment or depending on the amount, as an accountbased pension, or a combination of both. For a child to commence an account-based pension with your Death benefit, the child must be either under age 18, or under age 25 but still financially dependent on you, or have a permanent disability, at the date of your death. Death benefits paid to a child as a pension must be converted into and paid as a lump sum when the child turns 25 and the pension ceases when we pay the lump sum. This lump sum paid at age 25 is non-assessable and tax-free. If the child has an eligible permanent disability, the pension does not have to be paid as a lump sum. It can continue. Your legal personal representative, a non-dependant or a child that does not fit the description above can only receive your Death benefit as a lump sum. Anti-detriment payments - extra amount for some Death benefit payments Tax law allows us to pay an extra amount if we pay your Death benefit directly to certain dependant(s) (or indirectly to them via your legal personal representative/estate). However, the definition of dependant used for this purpose includes children of any age, a spouse or former spouse but does not include those with whom you have an interdependency relationship or financial dependents other than those specified in the definition. Contact your financial planner if you need more details about this. 10

Product Disclosure Statement

Product Disclosure Statement AMP Retirement Savings Account Product Disclosure Statement Contents 1. About AMP Retirement Savings Account 2. How super works 3. Benefits of investing with AMP Retirement Savings Account 4. Risks of

More information

Your Super Guide. Product Disclosure Statement 15 December 2014 Nestlé Super Insured Accumulation category. Contents. Important Information

Your Super Guide. Product Disclosure Statement 15 December 2014 Nestlé Super Insured Accumulation category. Contents. Important Information Australia Group Superannuation Fund Your Super Guide Product Disclosure Statement 15 December 2014 Nestlé Super Insured Accumulation category Contents 1 About Nestlé Super p2 2 How super works p2 3 Benefits

More information

Issued ₁ July ₂₀₁₅. Member guide. SuperLeader Fact sheet. AMP Corporate Super Registered trademark of AMP Life Limited ABN 84 079 300 379.

Issued ₁ July ₂₀₁₅. Member guide. SuperLeader Fact sheet. AMP Corporate Super Registered trademark of AMP Life Limited ABN 84 079 300 379. Issued ₁ July ₂₀₁₅ Member guide SuperLeader Fact sheet AMP Corporate Super Registered trademark of AMP Life Limited ABN 84 079 300 379. This is a member guide fact sheet for SuperLeader. It is an important

More information

Your Guide. to the Meridian. Personal. Super Plan. Product Disclosure Statement. Issued 1 January 2004 MPS 4

Your Guide. to the Meridian. Personal. Super Plan. Product Disclosure Statement. Issued 1 January 2004 MPS 4 Your Guide to the Meridian Product Disclosure Statement Issued 1 January 2004 Personal Super Plan MPS 4 What this Guide is about MPSuper Product Disclosure Statement This Guide was prepared and issued

More information

ADVANCE RETIREMENT SAVINGS ACCOUNT Annual Report for year ended 30 June 2014. Issued by BT Funds Management Limited ABN 63 002 916 458 AFSL 233724

ADVANCE RETIREMENT SAVINGS ACCOUNT Annual Report for year ended 30 June 2014. Issued by BT Funds Management Limited ABN 63 002 916 458 AFSL 233724 ADVANCE RETIREMENT SAVINGS ACCOUNT Annual Report for year ended 30 June 2014 Issued by BT Funds Management Limited ABN 63 002 916 458 AFSL 233724 CONTENTS Introduction... 1 Recent developments in superannuation...

More information

AMP Eligible Rollover Fund Product Disclosure Statement

AMP Eligible Rollover Fund Product Disclosure Statement AMP Eligible Rollover Fund Product Disclosure Statement Issued 30 June 2014 Contents 1. About AMP Eligible Rollover Fund 2. How super works 3. Benefits of investing with AMP Eligible Rollover Fund 4. Risks

More information

Telstra Super Personal Plus

Telstra Super Personal Plus 01/ 17 NOVEMBER 2015 PRODUCT DISCLOSURE STATEMENT Telstra Super Personal Plus Making the most of your future Contents 01 About Telstra Super and Telstra Super Personal Plus 02 02 How super works 02 03

More information

Product Disclosure Statement

Product Disclosure Statement Product Disclosure Statement MYSUPER AUTHORISATION NUMBER 72229227691044 1 July 2014 NESS Super, the industry fund to power your financial future inside 1 About NESS Super 2 2 How super works 2 3 Benefits

More information

SignatureSuper Member Guide Fact Sheet

SignatureSuper Member Guide Fact Sheet SignatureSuper Member Guide Fact Sheet Issued 30 June 2014 AMP Corporate Super The information in this Fact Sheet forms part of the SignatureSuper Product Disclosure Statement dated 1 January 2014 for

More information

Contributing to your super

Contributing to your super SUP E R ANNUATION Contributing to your super GESB Super and West State Super ISSUE DATE: 1 July 2015 PREPARATION DATE: 26 June 2015 Government Employees Superannuation Board ABN 43 418 292 917 Contents

More information

CLIENT FACT SHEET. If you are under age 65 you may make personal contributions to superannuation on your own behalf.

CLIENT FACT SHEET. If you are under age 65 you may make personal contributions to superannuation on your own behalf. CLIENT FACT SHEET July 2010 Understanding superannuation and superannuation contributions Superannuation is an investment vehicle designed to assist Australians in saving for their retirement. The Government

More information

Understanding Superannuation

Understanding Superannuation Understanding Superannuation Client Fact Sheet July 2012 Superannuation is an investment vehicle designed to assist Australians save for retirement. The Federal Government encourages saving through superannuation

More information

MLC MasterKey Super & Pension Fundamentals MLC MasterKey Super & Pension How to Guide

MLC MasterKey Super & Pension Fundamentals MLC MasterKey Super & Pension How to Guide MLC MasterKey Super & Pension Fundamentals MLC MasterKey Super & Pension How to Guide Preparation date 1 July 2015 Issued by The Trustee, MLC Nominees Pty Limited (MLC) ABN 93 002 814 959 AFSL 230702 The

More information

Additional Information Booklet

Additional Information Booklet SuperWrap Additional Information Booklet Dated 20 November 2015 This Additional Information Booklet ( Booklet ) has been prepared by the issuer of SuperWrap: BT Funds Management Limited ABN 63 002 916

More information

Reliance Super. Taxation Supplement. 14 March 2014. a membership category of Maritime Super

Reliance Super. Taxation Supplement. 14 March 2014. a membership category of Maritime Super Taxation Supplement 14 March 2014 Contents Tax on contributions 2 Tax on rollovers 3 Tax on investment earnings 3 Tax on super benefits 3 Spouse tax offset 7 Tax deductions for the self-employed 7 Low

More information

Member Booklet: RBF Tasmanian. Accumulation Scheme. Table of contents. About the RBF Tasmanian 2. Accumulation Scheme

Member Booklet: RBF Tasmanian. Accumulation Scheme. Table of contents. About the RBF Tasmanian 2. Accumulation Scheme Member Booklet: RBF Tasmanian Accumulation Scheme Information in this booklet is current as at 1 July 2015 Table of contents About the RBF Tasmanian 2 Accumulation Scheme How super works Benefits of investing

More information

BT Super for Life. Product Disclosure Statement (PDS) Contents. Dated: 1 July 2015

BT Super for Life. Product Disclosure Statement (PDS) Contents. Dated: 1 July 2015 Contents BT Super for Life Product Disclosure Statement (PDS) Dated: 1 July 2015 1. About BT Super for Life 2 2. How super works 2 3. Benefits of investing with 3 BT Super for Life 4. Risks of super 5

More information

BT Super for Life. Product Disclosure Statement (PDS) Contents. Dated 1 July 2014

BT Super for Life. Product Disclosure Statement (PDS) Contents. Dated 1 July 2014 Contents BT Super for Life Product Disclosure Statement (PDS) Dated 1 July 2014 1. About BT Super for Life 2 2. How super works 2 3. Benefits of investing with BT Super for Life 3 4. Risks of super 5 5.

More information

Contributions are taxed differently depending on whether you are making contributions to a taxed or untaxed fund.

Contributions are taxed differently depending on whether you are making contributions to a taxed or untaxed fund. Tax and super Issue Date: 1 July 2015 SUP E R ANNUATION The information in this document forms part of the Product Information Booklets for GESB Super and West State Super, each dated 1 July 2015. You

More information

Super taxes, caps, payments, thresholds and rebates

Super taxes, caps, payments, thresholds and rebates Fact Sheet Super taxes, caps, payments, thresholds and rebates This fact sheet provides a useful one-stop reference guide to the tax rates, caps, thresholds and rebates that apply or are related to superannuation

More information

HOSTPLUS Superannuation Fund and HOSTPLUS Personal Super Plan Member Guide. Everything you need to get the most from your super.

HOSTPLUS Superannuation Fund and HOSTPLUS Personal Super Plan Member Guide. Everything you need to get the most from your super. Everything you need to get the most from your super Product Disclosure Statement 31 October 2011 Issued by Host-Plus Pty Limited ABN 79 008 634 704, AFSL No. 244392 as trustee for the HOSTPLUS Superannuation

More information

KPMG Staff Superannuation Plan Product Disclosure Statement

KPMG Staff Superannuation Plan Product Disclosure Statement KPMG Staff Superannuation Plan Product Disclosure Statement Prepared: 27 June 2014 Things you should know: This Product Disclosure Statement ( PDS ) is a summary of significant information and contains

More information

How super works. MySuper. Member Booklet Supplement. 1 July 2015

How super works. MySuper. Member Booklet Supplement. 1 July 2015 Member Booklet Supplement How super works July 205 The information in this document forms part of the First State Super Member Booklets (Product Disclosure Statements) for: Employer Sponsored members dated

More information

BT Lifetime. Personal Super. Contents. 1. About BT Lifetime Personal Super 2 2. How super works 2 3.

BT Lifetime. Personal Super. Contents. 1. About BT Lifetime Personal Super 2 2. How super works 2 3. Contents BT Lifetime Personal Super Product Disclosure Statement (PDS) Dated 1 July 2014 1. About BT Lifetime Personal Super 2 2. How super works 2 3. Benefits of investing with BT Lifetime Personal Super

More information

State Super retirement FuND

State Super retirement FuND State Super retirement FuND Additional Information Booklet Date of Issue 20 January 2015 State Super Financial Services Australia Limited ABN 86 003 742 756 Australian Financial Services Licence No. 238430

More information

Superannuation. A Financial Planning Technical Guide

Superannuation. A Financial Planning Technical Guide Superannuation A Financial Planning Technical Guide 2 Superannuation Contents Superannuation overview 4 Superannuation contributions 4 Superannuation taxation 7 Preservation 9 Beneficiary nomination 9

More information

Product Disclosure Statement

Product Disclosure Statement Product Disclosure Statement bcu Retirement Savings Account (Current as at August 20, 2014) Bananacoast Community Credit Union Ltd ABN 50 087 649 750 AFSL No. 241077 The information in this PDS is general

More information

Superannuation Product Disclosure Statement effective 1 January 2016

Superannuation Product Disclosure Statement effective 1 January 2016 Superannuation Pensions Insurance Financial Advice Superannuation Product Disclosure Statement effective 1 January 2016 Contents About us 2 How super works 3 Benefits of investing with us 3 Risks of super

More information

AustChoice Super general reference guide (ACH.02)

AustChoice Super general reference guide (ACH.02) AustChoice Super general reference guide (ACH.02) Issued: 28 May 2015 This guide contains important information not included in the AustChoice Super PDS. We recommend you read this entire guide. The information

More information

How super is taxed guide (AP.4)

How super is taxed guide (AP.4) How super is taxed guide (AP.4) Issued 1 January 2016 The information in this document forms part of the ESSSuper Accumulation Plan Product Disclosure Statement dated 1 January 2016. Contents Providing

More information

How super is taxed. VicSuper FutureSaver Member Guide

How super is taxed. VicSuper FutureSaver Member Guide How super is taxed VicSuper FutureSaver Member Guide Date prepared 1 July 2015 The information in this document forms part of the VicSuper FutureSaver Product Disclosure Statement (PDS) dated 1 July 2015.

More information

How super works. VicSuper FutureSaver Member Guide

How super works. VicSuper FutureSaver Member Guide How super works VicSuper FutureSaver Member Guide Date prepared 1 July 2015 The information in this document forms part of the VicSuper FutureSaver Product Disclosure Statement (PDS) dated 1 July 2015.

More information

General reference guide

General reference guide General reference guide (TPS.01) Issued: 1 July 2015 The Portfolio Service Super Essentials The Portfolio Service Superannuation Plan The Portfolio Service Retirement Income Plan This guide contains important

More information

SUMMARY OF RATES AND THRESHOLDS 2015/16

SUMMARY OF RATES AND THRESHOLDS 2015/16 SUMMARY OF RATES AND THRESHOLDS 2015/16 CONTENTS Superannuation rates and thresholds Concessional contributions Non-concessional contributions Capital Gains Tax (CGT) cap amount Untaxed plan cap amount

More information

Contributions are taxed differently depending on whether you are making contributions to a taxed or untaxed fund.

Contributions are taxed differently depending on whether you are making contributions to a taxed or untaxed fund. Tax and super GESB Super and West State Super SUP E R ANNUATION Important note The information in this document forms part of the Product Information Booklets for GESB Super and West State Super, each

More information

How super is taxed. About this document. Tax on concessional contributions. Concessional contribution tax rates from 1 July 2015:

How super is taxed. About this document. Tax on concessional contributions. Concessional contribution tax rates from 1 July 2015: How super is taxed Date of issue: 1 July 2015 mtaasuper.com.audate Phone: 1300December 362 415 2014 Fax: 1300 365 142 of issue: The information in this document forms part of the Product Disclosure Statement

More information

Making the Most of Your Super

Making the Most of Your Super Making the Most of Your Super For many people, super is one of the best ways to accumulate wealth. The Government provides tax benefits to encourage people to fund their own retirement. With more Australians

More information

Guide to your Nestlé Super. Defined Benefit category IBR

Guide to your Nestlé Super. Defined Benefit category IBR Australia Group Superannuation Fund Guide to your Nestlé Super Defined Benefit category IBR The information in this document forms part of the Nestlé Super Product Disclosure Statement Defined Benefit

More information

Retirement Savings Account (RSA)

Retirement Savings Account (RSA) Retirement Savings Account (RSA) Product Disclosure Statement (PDS) Incorporated (by reference) Information Booklet - Superannuation, Rollovers and Pensions. As at 24 September 2014 Issued by the Qantas

More information

Tax on contributions. Non-concessional (after tax) contribution caps. Age at 1 July 2015 Annual cap Tax rate Under 65 $180,000* Nil 65-74 $180,000 Nil

Tax on contributions. Non-concessional (after tax) contribution caps. Age at 1 July 2015 Annual cap Tax rate Under 65 $180,000* Nil 65-74 $180,000 Nil This section summarises the main Federal Government taxes that apply to superannuation at the time of preparation. For more information, contact MyLife MySuper on 1300 MYLIFE (695 433) or the Australian

More information

ANZ Superannuation Savings Account

ANZ Superannuation Savings Account ANZ Superannuation Savings Account Product Disclosure Statement 21 June 2012 Contents 1. About ANZ Superannuation Savings Account 2 2. How super works 2 3. Benefits of investing with ANZ Superannuation

More information

Getting the best out of your superannuation savings

Getting the best out of your superannuation savings Booklet 1 Getting the best out of your superannuation savings MAStech Smart technical solutions made simple Contents Introduction 01 Introduction 03 Saving through super 08 How a super fund works 09 How

More information

SUPERANNUATION. Home Insurance. Super fundamentals. Foundations for your future

SUPERANNUATION. Home Insurance. Super fundamentals. Foundations for your future SUPERANNUATION Home Insurance Super fundamentals Foundations for your future As one of your most important financial investments, it s worth understanding how superannuation works. For many Australians,

More information

ENTERPRISE SUPER MEMBERS GUIDE. EMPLOYER SPONSORED SUPERANNUATION & PERSONAL SUPERANNUATION Issue Date: 22 June 2012

ENTERPRISE SUPER MEMBERS GUIDE. EMPLOYER SPONSORED SUPERANNUATION & PERSONAL SUPERANNUATION Issue Date: 22 June 2012 ENTERPRISE SUPER EMPLOYER SPONSORED SUPERANNUATION & PERSONAL SUPERANNUATION Issue Date: 22 June 2012 Enterprise Super is a division of General Retirement Plan, ABN 32 894 907 884 PO Box 1282, Albury NSW

More information

2015 Product Disclosure Statement

2015 Product Disclosure Statement 2015 Product Disclosure Statement Personal Division Issued 1 November 2015 Contents 1. About NSF Super 2. How super works 3. Benefits of investing with NSF Super 4. Risks of super 5. How we invest your

More information

Retirement Savings Account (RSA)

Retirement Savings Account (RSA) Retirement Savings Account (RSA) Product Disclosure Statement (PDS) Incorporated (by reference) Information Booklet - Superannuation, Rollovers and Pensions. As at 12 March 2012 Issued by the Qantas Staff

More information

Fact Sheet Tax on Super 2009/10

Fact Sheet Tax on Super 2009/10 It pays to belong TM Key Focus A tax of 15% applies to concessional (i.e. before tax) contributions. All employer and salary sacrifice contributions will be taxed at the top marginal rate if your super

More information

The sooner you start thinking about growing your super, the better. But it s never too late.

The sooner you start thinking about growing your super, the better. But it s never too late. > Get calculating! If you d like to see the effect that personal contributions may have on your final entitlement, access the Super SA Benefit Projector on the Super SA website www.supersa.sa.gov.au. The

More information

Additional Information Booklet

Additional Information Booklet SuperWrap Additional Information Booklet Dated 1 July 2014 This Additional Information Booklet ( Booklet ) has been prepared by the issuer of SuperWrap: BT Funds Management Limited ABN 63 002 916 458 AFSL

More information

AMP Eligible Rollover Fund

AMP Eligible Rollover Fund AMP Eligible Rollover Fund Fact sheet Issued 30 June 2014 Issued by AMP Superannuation Limited ABN 31 008 414 104, AFSL No. 233060, the Trustee of AMP Eligible Rollover Fund ABN 32 931 224 407. Registered

More information

Guide for notice of intent to claim a tax deduction for personal super contributions 2014/2015

Guide for notice of intent to claim a tax deduction for personal super contributions 2014/2015 Guide for notice of intent to claim a tax deduction for personal super contributions 2014/2015 Under section 290-170 of the Income Tax Assessment Act 1997 Need Help? For more information about your eligibility

More information

MEMBER GUIDE PRODUCT DISCLOSURE STATEMENT

MEMBER GUIDE PRODUCT DISCLOSURE STATEMENT MEMBER GUIDE PRODUCT DISCLOSURE STATEMENT Date of issue: 13 August 2015 2 SUPER SA SELECT > PDS CONTENTS 1. About Super SA Select 3 2. How super works 4 3. Benefits of investing with Super SA Select 6

More information

Plum Superannuation Fund Plum Superannuation Fund Plum Personal Plan Preparation date: 18 December 2015

Plum Superannuation Fund Plum Superannuation Fund Plum Personal Plan Preparation date: 18 December 2015 Plum Superannuation Fund Plum Superannuation Fund Plum Personal Plan Preparation date: 18 December 2015 This update to the Plum Superannuation Fund Product Disclosure Statement is provided as a result

More information

2013 Benefit Statement Notes

2013 Benefit Statement Notes 2013 Benefit Statement Notes At 30 June 2013 Important information The Board of Trustees of the State Public Sector Superannuation Scheme (ABN 32 125 059 006) (QSuper Board) is required to provide you

More information

Contributions. Contributions table. Defence Bank Super

Contributions. Contributions table. Defence Bank Super Contributions This fact sheet provides more detailed information about the different contributions that may be made into your super account in the 2015/2016 and 2016/2017 financial years, based on laws

More information

Member guide. Superannuation and Personal Super Plan. The information in this document forms part of the Hostplus Product Disclosure Statement issued

Member guide. Superannuation and Personal Super Plan. The information in this document forms part of the Hostplus Product Disclosure Statement issued Member guide. Superannuation and Personal Super Plan Product Disclosure Statement The information in this document forms part of the Hostplus Product Disclosure Statement issued Section 7. How super is

More information

Smart strategies for maximising retirement income 2012/13

Smart strategies for maximising retirement income 2012/13 Smart strategies for maximising retirement income 2012/13 Why you need to create a life long income Australia has one of the highest life expectancies in the world and the average retirement length has

More information

Personal Choice Private ewrap Super/Pension

Personal Choice Private ewrap Super/Pension Personal Choice Private ewrap Super/Pension Product Disclosure Statement PART 1 General Information I 1 July 2014 PERSONAL CHOICE PRIVATE Trustee of Personal Choice Private ewrap Super/Pension and issuer

More information

Smart strategies for maximising retirement income

Smart strategies for maximising retirement income Smart strategies for maximising retirement income 2010 Why you need to create a life-long income Australia has one of the highest life expectancies in the world and the average retirement length has increased

More information

2014/15 Key Superannuation Rates and Thresholds

2014/15 Key Superannuation Rates and Thresholds 2014/15 Key Superannuation Rates and Thresholds These are the key rates and thresholds that apply in relation to superannuation contributions and benefits, superannuation guarantee and co-contributions.

More information

End of financial year planning tips May 2014

End of financial year planning tips May 2014 End of financial year planning tips May 2014 With the end of the financial year fast approaching, it is a good time to review financial planning strategies with a view to optimising your outcomes. This

More information

Key Superannuation Rates and Thresholds

Key Superannuation Rates and Thresholds Key Superannuation Rates and Thresholds Concessional contributions cap Concessional contributions consist of: 1. Employer contributions including salary sacrifice contributions 2. Personal contributions

More information

Atwood Oceanics Australia Superannuation Plan sub-plan of The Executive Superannuation Fund

Atwood Oceanics Australia Superannuation Plan sub-plan of The Executive Superannuation Fund Atwood Oceanics Australia Superannuation Plan sub-plan of The Executive Superannuation Fund ACCUMULATION DIVISION INCORPORATED INFORMATION Prepared: 11 September 2012 The issuer and Trustee of the Atwood

More information

uperannuation rates and thresholds as at 1 July 2016

uperannuation rates and thresholds as at 1 July 2016 TECHNICAL FACT SHEET uperannuation rates and thresholds as at 1 July 2016 Contributions to Super Low income superannuation contribution The Government has abolished Low Income Superannuation Contribution

More information

Freelancers, the self-employed & super.

Freelancers, the self-employed & super. YOUR SUPER Freelancers, the self-employed & super. If you are self-employed or a freelance or contract worker Media Super can help you understand your super and tax options, and what you can do to maximise

More information

Tax on contributions. Concessional (before tax) contributions

Tax on contributions. Concessional (before tax) contributions This section summarises the main Federal Government taxes that apply to superannuation at the time of preparation. For more information, contact Catholic Super on 1300 655 002 or the Australian Taxation

More information

SUPER SA PRODUCT DISCLOSURE STATEMENT. Date of issue: 10 August 2015. m e m be r g u id e:

SUPER SA PRODUCT DISCLOSURE STATEMENT. Date of issue: 10 August 2015. m e m be r g u id e: SUPER SA PRODUCT DISCLOSURE STATEMENT Date of issue: 10 August 2015 m e m be r g u id e: S e l p i r T Triple S > PDS CONTENTS > 2 1. About Triple S 3 2. How super works 4 3. Benefits of investing with

More information

Defence Bank Super Assured Retirement Savings Account

Defence Bank Super Assured Retirement Savings Account RETIREMENT SAVINGS ACCOUNT (RSA) Defence Bank Super Assured Retirement Savings Account Superannuation fee free. The way it should be for all Australians. General Information and Application Form Product

More information

Tax deductible superannuation contributions

Tax deductible superannuation contributions Tax deductible superannuation contributions TB 35 TECHNICAL SERVICES ISSUED ON 29 OCTOBER 2014 ADVISER USE ONLY VERSION 1.1 Summary Employers and certain individuals can claim a tax deduction for contributions

More information

retirement savings account (RSA)

retirement savings account (RSA) retirement savings account (RSA) Short Form Product Disclosure Statement (PDS) For Superannuation, Rollovers and Pensions. As at 4 April 2016 Things you should know: > This PDS is current as at 4 April

More information

ANZ Superannuation Savings Account

ANZ Superannuation Savings Account ANZ Superannuation Savings Account ADDITIONAL INFORMATION GUIDE 21 JUNE 2012 Issued by OnePath Custodians Pty Limited ABN 12 008 508 496, AFSL 238346, RSE L0000673 About this Additional Information Guide

More information

Contributions. Employer contributions

Contributions. Employer contributions Contributions AMIST Super Hotline 1800 808 614 The information in this document forms part of the Product Disclosure Statements for AMIST Super Employer Sponsored and Personal Divisions dated 18 June 2016.

More information

LifeTrack Personal Superannuation

LifeTrack Personal Superannuation This product disclosure statement has been produced for the successor fund transfer of existing members of the LifeTrack Superannuation Fund to the IOOF Portfolio Service Superannuation Fund. LifeTrack

More information

Super terms explained

Super terms explained Super terms explained Here is a useful reference guide to some of the terms we use with Super. The guide provides plain English information about Super, but does not give formal legal definitions. For

More information

Member Product Disclosure Statement

Member Product Disclosure Statement Member Product Disclosure Statement Dated: 1 December 2012 CONTENTS About MTAA Super...2 How super works...2 Benefits of investing with MTAA Super...3 Risks of super...3 How we invest your money...4 Fees

More information

Taxpayers Australia Inc

Taxpayers Australia Inc Taxpayers Australia Inc Superannuation Australia (A wholly owned subsidiary of Taxpayers Australia Inc) Glossary of superannuation terms These terms are commonly used in the superannuation sector. Account-based

More information

SuperTrace Eligible Rollover Fund

SuperTrace Eligible Rollover Fund SuperTrace Eligible Rollover Fund Product Disclosure Statement Effective Date: 1 January 2015 Contents 1. About SuperTrace 1 2. How super works 2 3. Benefits of investing with SuperTrace 3 4. Risks of

More information

SUPERANNUATION. Home Insurance. Super fundamentals. Foundations for your future

SUPERANNUATION. Home Insurance. Super fundamentals. Foundations for your future SUPERANNUATION Home Insurance Super fundamentals Foundations for your future As one of your most important financial investments, it s worth understanding how superannuation works. For many Australians,

More information

Superannuation Technical Information Booklet

Superannuation Technical Information Booklet Superannuation Technical Information Booklet Macquarie Wrap Document number MAQST02 The information contained in this Technical Information Booklet should be read in conjunction with the relevant Product

More information

Contributions Fact Sheet

Contributions Fact Sheet Contributions Fact Sheet Product Disclosure Statement The information in this document forms part of the QIEC Super Product Disclosure Statement (PDS). This document is the Contributions Fact Sheet and

More information

SALARY PACKAGING SUPERANNUATION GUIDE TO EMPLOYEES

SALARY PACKAGING SUPERANNUATION GUIDE TO EMPLOYEES SALARY PACKAGING SUPERANNUATION GUIDE TO EMPLOYEES Superannuation Introducing Salary Packaging Salary packaging has been made available to all staff of the University through the Enterprise Agreement process.

More information

BT Select Portfolio SuperWrap

BT Select Portfolio SuperWrap BT Select Portfolio SuperWrap Product Disclosure Statement BT Select Portfolio SuperWrap Personal Super Plan BT Select Portfolio SuperWrap Pension Plan Dated 11 March 2013 The distributor of BT Select

More information

Product Disclosure Statement

Product Disclosure Statement Product Disclosure Statement Prepared and issued 15 June 2015 CONTENTS 1. About QIEC Super 2. How super works 3. Benefits of investing with QIEC Super 4. Risks of super 5. How we invest your money 6. Fees

More information

OneAnswer Personal Super and Pension. Additional Information Guide

OneAnswer Personal Super and Pension. Additional Information Guide OneAnswer Personal Super and Pension Additional Information Guide 27 February 2012 Entity details in this guide Name of legal entity Registered numbers Abbreviated terms used throughout the PDS OnePath

More information

ANZ Smart Choice Super

ANZ Smart Choice Super ANZ Smart Choice Super PRODUCT DISCLOSURE STATEMENT EMPLOYERS AND THEIR EMPLOYEES 25 MAY 2015 Contents 1. About ANZ Smart Choice Super 3 2. How super works 3 3. Benefits of investing with ANZ Smart Choice

More information

Contents. Member Guide Product Disclosure Statement. Issued 1 October 2015

Contents. Member Guide Product Disclosure Statement. Issued 1 October 2015 Issued October 205 Qantas Super Gateway Member Guide Product Disclosure Statement Qantas Super Gateway (Gateway) is a division of the Qantas Superannuation Plan ABN 4 272 98 829, RSE R005486 (Qantas Super).

More information

Reliance Super. Product Disclosure Statement. 1 July 2015. Contents. a membership category of Maritime Super. Contact Member Services

Reliance Super. Product Disclosure Statement. 1 July 2015. Contents. a membership category of Maritime Super. Contact Member Services Product Disclosure Statement 1 July 2015 Contents 1. About Maritime Super s Reliance Super 2 Reliance Super a membership category of Maritime Super 2. How super works 2 3. Benefits of investing with Reliance

More information

Superannuation Savings Account

Superannuation Savings Account Superannuation Savings Account Super. Simple. Guaranteed. Supplementary Product Disclosure Statement Preparation Date: 21 June 2007 This is a Supplementary Product Disclosure Statement (SPDS) to the Commonwealth

More information

Retirement made easy. Helping you achieve your retirement goals. rest.com.au/restpension 1300 305 778

Retirement made easy. Helping you achieve your retirement goals. rest.com.au/restpension 1300 305 778 Retirement made easy Helping you achieve your retirement goals rest.com.au/restpension 1300 305 778 Helping you achieve your retirement goals As you near retirement you probably have a number of questions

More information

Product Disclosure Statement

Product Disclosure Statement Product Disclosure Statement Employer Sponsored Division AMIST Super Hotline 1800 808 614 www.amist.com.au service@amist.com.au Issued: 20 April 2015 Contents 1. About AMIST Super Employer Sponsored Division

More information

The Executive Superannuation Fund

The Executive Superannuation Fund The Executive Superannuation Fund Agenda Overview of The Executive Superannuation Fund ( the Fund ) Contributions ti and insurance benefits available to KPMG staff Investment option asset allocation Investment

More information

Personal Choice Private ewrap Super/Pension

Personal Choice Private ewrap Super/Pension Personal Choice Private ewrap Super/Pension Product Disclosure Statement (PDS) Part 2 Additional Information I 1 July 2014 PERSONAL CHOICE PRIVATE This Personal Choice Private ewrap Super/Pension PDS Part

More information

Superannuation and Residency Fact Sheet - October 2014

Superannuation and Residency Fact Sheet - October 2014 Superannuation and Residency Fact Sheet - October 2014 A change in residence has significant implications for superannuation. A number of issues arise when an individual relocates overseas whether temporarily

More information

REST Super Member Guide

REST Super Member Guide REST Super Member Guide Effective 1 October 2015 REST Super has a MySuper option The information in this document forms part of the REST Super Product Disclosure Statement (PDS), effective 1 October 2015.

More information

BT Term Life as Superannuation

BT Term Life as Superannuation BT Term Life as Superannuation Annual Report for the year ended 30 June 2014 The issuer of Term Life as Superannuation (part of the Superannuation Division of Westpac MasterTrust ABN 81 236 903 448, SFN

More information

BT Income Protection as Superannuation

BT Income Protection as Superannuation BT Income Protection as Superannuation Annual Report for the year ended 30 June 2014 The issuer of Income Protection as Superannuation (part of the Superannuation Division of Westpac MasterTrust ABN 81

More information

St.George Income Protection as Superannuation. Annual report for the year ended 30 June 2014.

St.George Income Protection as Superannuation. Annual report for the year ended 30 June 2014. St.George Income Protection as Superannuation Annual report for the year ended 30 June 2014. Contents Welcome... 3 Recent developments in superannuation... 4 Increases to Superannuation Guarantee...4 Concessional

More information

Smart strategies for your super

Smart strategies for your super Smart strategies for your super 2010 Make your super count Superannuation is still one of the best ways to accumulate wealth and save for your retirement. The main reason, of course, is the favourable

More information

grow your super Seven ways to Some handy hints to help you grow your super investments December 2014 Now incorporating Find out how you can:

grow your super Seven ways to Some handy hints to help you grow your super investments December 2014 Now incorporating Find out how you can: Find out how you can: Make regular personal contributions a small amount can make all the difference. Salary sacrifice your contributions and reduce your tax at the same time. Seven ways to grow your super

More information

Lump Sum My Retirement

Lump Sum My Retirement Lump Sum My Retirement General advice warning The schemes administered by Super SA are exempt public sector schemes and therefore we are not required to hold an Australian Financial Services licence to

More information