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

Size: px
Start display at page:

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

Transcription

1 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 with the RBF Tasmanian Accumulation Scheme Risks of super 3 How we invest your money Fees and costs 5 How super is taxed 6 Insurance in your super 7 How to open an account 8 Important information This Member Booklet is a summary of significant information and contains references to important information in Fact sheets each of which forms part of this Member Booklet marked by the symbol {. You should read and consider that information before making a decision in relation to the RBF Tasmanian Accumulation Scheme. To obtain copies of this Member Booklet or the Fact sheets (free of charge) visit our website at or call the RBF Enquiry Line on The information provided in this Member Booklet is general information only and does not take into account your personal financial situation or needs. Accordingly, before acting on the contents of this Member Booklet or any Fact sheets, you should consider whether it is appropriate to you, having regard to your objectives, financial situation and needs. You should obtain financial advice tailored to your personal circumstances. Information in the Member Booklet and Fact sheets is subject to change and may be updated by us from time to time. Where a change is not materially adverse to you they can be obtained by going to our website at The information can also be obtained free of charge by calling the RBF Enquiry Line on for a copy. If you would like personal financial advice, you can call to book an appointment with a Financial Planner at RBF Financial Planning Pty Ltd (ABN , AFS Licence No ). RBF Financial Planning Pty Ltd is a wholly owned subsidiary of the RBF Board and operates as a separate legal entity from RBF. The Retirement Benefits Fund Board is not licensed to provide financial advice to RBF members. The Retirement Benefits Fund Board does not accept responsibility for any financial advice or services provided by RBF Financial Planning Pty Ltd because RBF Financial Planning Pty Ltd is solely responsible for any financial advice or financial services it provides. If you would like general information about your super you can make an appointment with one of RBF s Superannuation Consultants, simply contact the RBF Enquiry Line on Your personal information including sensitive health information may be transferred between RBF, RBF s administrator Mercer Outsourcing (Australia) Pty Ltd (ABN , AFSL ), RBF Financial Planning Pty Ltd ABN , AFSL ) and the Colonial Mutual Life Assurance Society Limited (ABN , AFSL ) trading as Commlnsure, the Insurer. This Member Booklet is issued by the Retirement Benefits Fund Board ABN , the trustee of the Retirement Benefits Fund (RBF) ABN Member Booklet: RBF Tasmanian Accumulation Scheme 1

2 About the RBF Tasmanian Accumulation Scheme RBF is Tasmania s public sector super fund and has been providing super benefits to Tasmanian public sector employees since it was established in RBF is a not-for-profit super fund, which means all net investment returns are passed on to our members. You can find important information about RBF including this Member Booklet and associated Fact sheets, the Trust Deed and governing rules, significant event notices, information about RBF s trustee directors and management team (including information about remuneration), annual reports and financial statements, RBF service providers and proxy voting by visiting our website at and going to the Disclosures page by clicking About RBF, then Our processes. The RBF Tasmanian Accumulation Scheme is open to: 1 employees of Tasmanian public sector employers who are less than age 75; or 2 members of any of RBF s defined benefit schemes (the Contributory Scheme, the Parliamentary Superannuation Fund, the Parliamentary Retiring Benefits Fund, the State Fire Commission Superannuation Scheme or the Tasmanian Ambulance Service Superannuation Scheme); or 3 former public sector employees who have retained a financial interest in RBF; or 4 a spouse of any person referred to in 1 to 3 above, provided they are less than age 75; or 5 a surviving spouse of any person referred to in 1 to 4, irrespective of their age. The RBF Tasmanian Accumulation Scheme offers the RBF Account as well as pension products to eligible members to help fund their retirement. Members can choose to invest in a range of Member Choice options, including (the default for the RBF Account). Insurance cover is also available to eligible members in the event of illness, injury or death. Registered to the Retirement Benefits Fund Board ABN You should read the important information about pension options, insurance cover and Member Choice options available to RBF Tasmanian Accumulation Scheme members in the Fact sheet: Pensions, Fact sheet: Insurance in your super and Fact sheet: How we invest your money before making a decision. Go to or call the RBF Enquiry Line on to obtain a copy. The material relating to pension options, insurance cover and Member Choice options may change between the time when you read this Member Booklet and the day when you acquire the product. How super works About super Superannuation (super) is a means of saving for your retirement which is, in part, compulsory; and is a long term investment. To encourage Australians to save for their retirement the Commonwealth Government makes it compulsory for all employers to provide a minimum level of super support to almost all employees. This requires employers to pay Superannuation Guarantee contributions for and on behalf of their employees. The Commonwealth Government provides tax savings and benefits to super which generally makes super one of the best long term investments for you to save for and fund your future retirement lifestyle. If you are a Tasmanian public sector employee and not a member of any of RBF s closed defined benefit schemes your employer is required to pay compulsory Superannuation Guarantee contributions into a super account. Most people have the right to choose which fund their employer should pay the Superannuation Guarantee contributions into. Contributing to your super If you are a Tasmanian public sector employee, your employer will automatically contribute Superannuation Guarantee contributions (currently 9.5% of salary) and an additional personal contribution at the rate of 5% of salary from your after tax income unless you tell us in writing that you do not wish to make this additional contribution. There are different types of contributions that can be made to super including employer Superannuation Guarantee contributions, voluntary contributions (salary sacrifice and personal contributions), spouse contributions and Government super co-contributions. The tax treatment of contributions varies according to the type of contribution. There are limits on the contributions that can be made which are known as contribution caps. If you exceed the contribution caps additional tax may be payable. See How super is taxed on page 6. Members may make additional contributions or spouse contributions using BPAY or cheque. Registered to BPAY Pty Ltd ABN Withdrawing from your super There are limitations that apply to withdrawals from super because your super benefits are intended to provide for your retirement. Generally, your super is preserved which means you cannot access it until you have reached your preservation age (currently between 55 and 60, depending on your date of birth) and retired. There are other limited circumstances where you may be able to meet a condition of release under super law and access your super before your preservation age. You should read the important information about how super works in our Fact sheet: How super works before making a decision. Go to or call the RBF Enquiry Line on to obtain a copy. The material relating to how super works may change between the time when you read this Member Booklet and the day when you acquire the product. Benefits of investing with RBF Tasmanian Accumulation Scheme The RBF Tasmanian Accumulation Scheme offers many benefits and services including: a history of solid, long term investment performance; * a lifecycle Member Choice option the default for the RBF Account, designed to automatically adjust over time to suit members lifestages; a range of Member Choice options allowing you to choose your own investment strategy to suit your needs; flexible insurance cover when you elect RBF to receive your Superannuation Guarantee contributions; no entry or exit fees; state-wide seminars, workshops and interviews; a range of retirement pension options; Spouse RBF Account; access to RBF Superannuation Consultants and Financial Planners from RBF Financial Planning Pty Ltd; and personalised service. * Please note past performance is not a reliable indicator of future performance. You should read the important information about the features and benefits of the RBF Tasmanian Accumulation Scheme in our Fact sheet: Benefits of investing with RBF Tasmanian Accumulation Scheme before making a decision. You should also read the important information about spouse accounts in our Fact sheet: Spouse RBF Accounts before making a decision. Go to or call the RBF Enquiry Line on to obtain a copy of these Fact sheets. The material relating to the features, benefits and spouse accounts may change between the time when you read this Member Booklet and the day when you acquire the product. 2 Member Booklet: RBF Tasmanian Accumulation Scheme

3 Risks of super All investments carry risk. Different investment strategies may carry different levels of risk, depending on the assets that make up the strategy. Generally, assets with the highest long-term returns carry the highest level of short-term risk. Some of the significant investment risks that may affect your RBF Tasmanian Accumulation Scheme include specific asset risk, market risk, investment manager risk, currency risk, inflation risk, legislative risk, credit risk and liquidity risk. Other significant risks are operational risk and the effect of fees and taxes. When investing through your super, it is important to note that: the value of your investments will vary; the level of returns will vary, and future returns may differ from past returns; returns are not guaranteed, and you may lose some of your money; the amount of your future super savings (including contributions and investment returns) may not be enough to provide adequately for your retirement; and super laws may change in the future. The appropriate risk level for each person will vary depending on a number of factors including your age, the investment timeframes, where other parts of your wealth are invested and your risk tolerance. We recommend that you obtain financial advice from a financial adviser such as RBF Financial Planning Pty Ltd and review your investments regularly. You can call to book an appointment with a Financial Planner from RBF Financial Planning Pty Ltd (ABN , AFS Licence No ). You should read the important information about the risks of super in our Fact sheet: Risks of super before making a decision. Go to or call the RBF Enquiry Line on to obtain a copy. The material relating to the risks of super may change between the time when you read this Member Booklet and the day when you acquire the product. How we invest your money All RBF Tasmanian Accumulation Scheme members have access to a range of diversified investment options, plus specific asset class options. If you do not select a Member Choice option(s), you will be placed in our applicable default option. For RBF Account members, the default investment option is. For RBF Account Based Pensions and RBF Transition to Retirement Account Based Pensions, the default investment option is the RBF Balanced option, and this option is also available to RBF Account members. (default) This is the default option for the RBF Account only. is not available to RBF Account Based Pensions and RBF Transition to Retirement Account Based Pensions. uses a lifecycle strategy which provides a well-diversified portfolio that is designed and managed according to your life stage. You will be placed in the strategy for your age group based on your date of birth (see the table below). There is a different target group for each five year age group, designed to suit members born within that age group whose investment needs and approach to risk over time is typical of investors around the same age. How does change with you? automatically adjusts the mix of investment assets in order to target a level of risk and return according to your life stage. For example, younger members usually have more time to withstand ups and downs of investment markets. For these members will invest in a higher percentage of growth assets such as shares and property to target a higher long-term return. For members born between 1955 and 1964 gradually shifts to a more conservative asset mix to focus on wealth protection. The asset mix reduces its allocation to growth assets and increases the allocation to defensive assets such as fixed interest and cash. Please note: members invested in the will have their investments automatically transitioned over time based on the average age of the members in the target group they are in. An overview of is contained in the table below. strategy Growth Transition Conservative target group Designed for Objective , , , , , , , Members born between 1965 to 2004 To deliver strong investment returns that boost your super savings over the long term Members born between 1960 to 1964 To begin reducing the risk of capital losses while maintaining a focus on delivering strong investment returns Members born between 1955 to 1959 To increase the focus on capital protection while still seeking a moderate level of growth. Conservative Members born before 1955 To provide stability in your super savings while seeking a low level of growth. profile 82%/18% 67%/33% 47%/53% 38%/62% (growth/defensive) (1) objective (2) CPI + 4%pa CPI + 3%pa CPI + 2%pa CPI + 1%pa Recommended minimum investment timeframe 6+ years 5+ years 4+ years 3+ years Standard Risk Measure (3) 6 High 5 Medium to high 4 Medium 3 Low to medium Estimated number of negative annual returns over any 20 year period Four to less than six Three to less than four Two to less than three One to less than two (1) The growth/defensive allocations shown above and on the following page are based on the target asset allocation as at the date of this publication. RBF s investment options are managed to their individual benchmark asset allocation in line with their specific investment objectives. Options are not managed to their growth/defensive allocation. As a result, these values may vary according to the structure and valuation of the underlying investments. (2) The investment objective is net of investment fees and taxes (where applicable). (3) The labelling of risk measures and categories outlined above and on the following page has been adopted from the industry guideline called the Standard Risk Measure. The Standard Risk Measure for the option is designed to reduce over time. To understand risk measures you should read the Fact sheet: How we invest your money for more information. This Fact sheet can be found on the RBF website at Member Booklet: RBF Tasmanian Accumulation Scheme 3

4 The asset allocation for is contained in the table below. target group Strategic asset allocation range (Target asset allocation) (4) , , , , , , , Conservative Australian shares 20%-50% (28%) 10%-40% (22%) 5%-30% (14%) 5%-20% (11%) International shares 20%-50% (30%) 10%-40% (24%) 5%-30% (16%) 5%-20% (13%) Property 10%-25% (12%) 5%-20% (10%) 5%-15% (8%) 0%-15% (7%) Infrastructure 5%-20% (12%) 5%-20% (10%) 5%-15% (8%) 0%-15% (7%) Alternative debt 0%-15% (8%) 0%-15% (8%) 0%-10% (6%) 0%-10% (5%) Absolute return 0%-10% (7%) 0%-10% (4%) 0%-10% (2%) 0%-10% (0%) Fixed interest 0%-10% (0%) 0%-20% (8%) 5%-40% (16%) 10%-60% (19%) Cash 0%-10% (3%) 0%-20% (14%) 5%-40% (30%) 20%-60% (38%) (4) The target asset allocations shown on this page are effective as at the date of publication. As we actively manage the asset allocation, the asset allocation of individual options may vary over time within the strategic asset allocation ranges. RBF Balanced (default) This is the default option for RBF Account Based Pension or RBF Transition to Retirement Account Based Pensions. It is also available to RBF Account members. RBF Balanced Designed for Objective Members who seek a diversified portfolio using a range of investment managers to deliver the option s objective. To provide moderate to high level of capital growth over the medium to long term. profile 73%/27% (growth/defensive) (5) objective (6) Recommended minimum investment timeframe Standard Risk Measure (7) Estimated number of negative annual returns over any 20 year period CPI + 3%pa 5 years 5 Medium to high Three to less than four Strategic asset allocation range (Target asset allocation) (8) Australian shares 15%-45% (25%) International shares 10%-40% (27%) Property 0%-25% (10%) Infrastructure 0%-20% (10%) Alternative debt 0%-15% (8%) Absolute return 0%-10% (5%) Fixed interest 0%-25% (6%) Cash 0%-15% (9%) For notes (5), (6) and (7) please refer to notes (1), (2) and (3) respectively on page 3. For note (8) please refer to note (4) on this page Member Choice If you prefer to choose you own investment mix, you can select the Member Choice option(s) that you think is suitable by nominating the percentage of your super (and future contributions) that is invested in each of the following options: Diversified options RBF Growth RBF Balanced RBF Moderate RBF Conservative RBF Socially Responsible s Lifecycle option (available to RBF Account members only) Asset class options RBF Australian Shares RBF International Shares RBF Property RBF Fixed Interest RBF Cash For more information on each of these options and how to change your Member Choice options, please refer to the Fact sheet: How we invest your money. Warning: before you decide on how you want your super to be invested, you must consider the likely investment return, risk and your investment timeframe when choosing an option in which to invest. You should read the important information about Member Choice options and how we have measured the risk of each option in our Fact sheet: How we invest your money before making a decision. Go to or call the RBF Enquiry Line on to obtain a copy. The material relating to Member Choice options may change between the time when you read this Member Booklet and the day when you acquire the product. 4 Member Booklet: RBF Tasmanian Accumulation Scheme

5 Fees and costs Consumer advisory warning 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 adviser. TO FIND OUT MORE If you would like to find out more, or see the impact of the fees based on your own circumstances, the Australian Securities and s Commission (ASIC) website (www.moneysmart.gov.au) has a superannuation fee calculator ** to help you check out different fee options. * To help you compare different super products, all super fund trustees are required by law to include this statement. However, at RBF fees cannot be negotiated. ** You can use this calculator to calculate the effect of fees and costs on super account balances. This section shows the fees and other costs that you may be charged. These fees and other costs may be deducted from your money, from the returns on your investment or from the assets of the RBF Tasmanian Accumulation Scheme as a whole. You can use this table to compare fees and costs with other super products. The fees and other costs for RBF s default Member Choice options are set out below. Type of fee Amount How and when paid fee (9) The following investment fees are charged: an investment management fee, estimated to be between 0.34% and 0.58%pa of your account balance; and Administration fee Buy-sell spread a performance fee, estimated to be between 0.03% and 0.07% of your account balance, depending on the target group applicable to you (as shown in the following RBF MyPath option investment fees table). The following administration fees are charged: a dollar based administration fee of $78pa or $1.50 per week; and an asset based administration fee of 0.29%pa of your account balance (capped at $1,500pa). fees (including any performance fees if applicable) are deducted from the target group applicable to you and reflected in the weekly unit price. The administration fees are deducted directly from your account each week. Between 0.10% and 0.24% The buy-sell spread depending on your applicable is reflected in the unit investment prices and applied to option, as shown in the your account balance following table. or transaction as applicable. Switching fee Not applicable Exit fee Not applicable Advice fees relating to all members investing in a particular Not applicable Member Choice option Other fees See note (10) opposite See note (10) opposite and costs Indirect cost ratio Not applicable option investment fees target group Estimated investment management fee %pa of your super account balance Estimated performance fee %pa of your super account balance Buy-sell spread Conservative RBF Balanced Type of fee Amount How and when paid fee (9) The following investment fees are charged: fees (including any an investment management performance fees fee, estimated to be 0.53%pa if applicable) are of your account balance; and deducted from a performance fee, estimated the RBF Balanced investment option and to be 0.06% of your super reflected in the weekly account balance. unit price. Administration fee Buy-sell spread The following administration fees are charged: a dollar based administration fee of $78pa or $1.50 per week; and an asset based administration fee (capped at $1,500pa) of 0.29%pa of your account balance for RBF Accounts, RBF Account Based Pensions and RBF Transition to Retirement Account Based Pensions. The administration fees are deducted directly from your account each week. 0.22% The buy-sell spread is reflected in the unit prices and applied to your account balance or transaction as applicable. Switching fee Not applicable Exit fee Not applicable Advice fees relating to all members investing in a particular Not applicable Member Choice option Other fees See note (10) below See note (10) below and costs Indirect cost ratio Not applicable (9) The investment management fees and performance fees (Fees) in the tables on this page are the estimated Fees for the period from 1 July 2015 to 30 June Estimated Fees are our best estimates based on recent experience and our current long term expectations for ongoing investment costs. The actual investment costs incurred may differ from our estimates and may vary from year to year. We monitor the ongoing investment costs for each investment option. Each year the actual fees paid for the previous financial year will be disclosed in your annual Member Benefit Statement. Fees will be deducted weekly from investment returns. For note (10) in the tables on this page: other fees and costs may apply. See Additional explanation of fees and costs in the Fact sheet: Fees and costs for further details. Member Booklet: RBF Tasmanian Accumulation Scheme 5

6 Example of annual fees and costs RBF Balanced These tables give examples of how the fees and costs for the RBF Balanced option can affect your super investment over a one year period. You should use these tables to compare this product with other super products. Example RBF Balanced Balance of $50,000 fees PLUS Administration fees PLUS Indirect costs for RBF Balanced EQUALS Cost of product 0.59% (11) For every $50,000 you have in the RBF Balanced investment option you will be charged $295 each year. 0.29%pa of your account balance + $78pa ($1.50 per week) Note: *Additional fees may apply. And, for every $50,000 you have in the fund you will be charged $145 each year PLUS $78 each year. And, indirect costs of $0 each year will be deducted from your investment. If your balance was $50,000, then for that year you will be charged fees of $548 for the RBF Balanced option. This table gives an example of how the fees and costs for the group can affect your super investment over a one year period. You should use this table to compare this product with other super products. The investment management fees vary depending on which group you are in. Example fees PLUS Administration fees PLUS Indirect costs for RBF MyPath EQUALS Cost of product Balance of $50, % (11) For every $50,000 you have in the investment option you will be charged $325 each year. 0.29%pa of your account balance + $78pa ($1.50 per week) And, for every $50,000 you have in the fund you will be charged $145 each year PLUS $78 each year. And, indirect costs of $0 each year will be deducted from your investment. If your balance was $50,000, then for that year you will be charged fees of $548 for the option. How super is taxed Your super is taxed in a number of ways. The following tax rules generally apply: How super is taxed? Concessional contributions Nonconcessional contributions Tax on earnings Tax on withdrawals Description Before-tax contributions such as employer Superannuation Guarantee contributions and employer salary sacrifice are subject to contributions tax at the rate of 15% provided we have your tax file number. Contributions tax is deducted from your RBF Account at the time your concessional contribution is allocated to your account. If your combined assessable income and concessionally taxed contributions exceed $300,000pa, you will pay an additional 15% tax on part or all of the concessional contribution amount that exceeds the $300,000 threshold. There is a cap for concessional contributions. If you exceed the cap, your excess concessional contributions will be taxed at your marginal tax rate (including the Medicare levy) plus an interest charge. Personal after-tax contributions (including spouse contributions), are not subject to contributions tax. There is a cap for non-concessional contributions. If you exceed this cap, you may incur additional tax. returns are taxed up to a maximum rate of 15% on net earnings and are deducted before unit prices are determined. Withdrawals from your super may be taxed if you are aged less than 60 years. Once you turn 60, withdrawals from your super are generally tax free. Warning: You should provide your tax file number as part of acquiring this product. If you do not provide your tax file number, your contributions and withdrawals may be taxed at a higher rate. You should read the important information about contributions and taxation in our Fact sheet: How your super is taxed before making a decision. Go to or call the RBF Enquiry Line on to obtain a copy. The material relating to fees and costs may change between the time when you read this Member Booklet and the day when you acquire the product. Note: *Additional fees may apply. (11) fees in the above tables include estimates of investment management fees and estimates of performance fees. The fees may vary depending on actual costs incurred and performance fees payable. Performance fees are paid to investment managers who deliver investment returns that out perform a predefined target. Warning: Additional fees may be paid to a financial planner if a financial planner is consulted. The Statement of Advice or other written advice provided by the planner will state the fees (if any) that you will pay. Fee changes RBF has the right to change fees at any time, without your consent. We will give you at least 30 days written notice of any increase in fees. You should read the important information about fees and costs in our Fact sheet: Fees and costs before making a decision. Go to or call the RBF Enquiry Line on to obtain a copy. The material relating to fees and costs may change between the time when you read this Member Booklet and the day when you acquire the product. 6 Member Booklet: RBF Tasmanian Accumulation Scheme

7 Insurance in your super The RBF Tasmanian Accumulation Scheme offers insurance cover in the event of illness, injury or death. From 17 December 2012, all insurance cover offered through the RBF Tasmanian Accumulation Scheme is provided by CommInsure (The Colonial Mutual Life Assurance Society Limited ABN , AFSL ). The following information is based on that cover. If you have an injury or illness which occurred before 17 December 2012 you may be eligible for cover under a different insurance product. Please contact the RBF Enquiry Line on to discuss whether you are eligible for the cover outlined in this booklet. Types of insurance cover The following table provides an overview of the types of insurance covers available to eligible RBF Tasmanian Accumulation Scheme members. Warning: All insurance cover is subject to costs, certain limitations, exclusions and conditions for eligibility and cancellation that may affect your entitlements to insurance cover. You should read the information in our Fact sheet: Insurance in your super before deciding whether the insurance is appropriate. Type of cover Member eligibility criteria Insured benefits Basic Death and Total and Permanent Disablement cover Provides a lump sum amount in the event of: Death or Terminal Illness Total and Permanent Disablement Basic cover is automatically provided without having to supply any health evidence. Basic Income Protection cover Provides a monthly benefit if you are unable to work because a sickness or injury causes: Total Disability; or Partial Disability. Basic cover is automatically provided without having to supply any health evidence. Voluntary Death and Total and Permanent Disablement cover (14) Provides a lump sum amount in the event of: Death or Terminal Illness Total and Permanent Disablement Voluntary Death only cover (14) Provides for the payment of a lump sum amount in the event of Death or Terminal Illness. Voluntary Income Protection cover (14) Provides a monthly benefit if you are unable to work because a sickness or injury causes: Total Disability; or Partial Disability. You must be less than age 70 and be: a Tasmanian public sector employee and your public sector employer must pay compulsory Superannuation Guarantee contributions to your RBF Account; or an eligible former RBF defined benefit scheme member and you must have transferred the entire amount of your funded RBF defined benefit to your RBF Account. You must be less than age 65 and be a Tasmanian public sector employee and your public sector employer must pay compulsory Superannuation Guarantee contributions to your RBF Account. An RBF Account member who is less than age 70. All Voluntary cover is subject to acceptance of underwriting by the Insurer. An RBF Account member who is less than age 65. All Voluntary cover is subject to acceptance of underwriting by the Insurer. Your insured benefit is calculated by multiplying the number of units of cover you hold by the value of the unit of cover applicable to your age next birthday. The following table shows how many units you will receive: Age next birthday Up to age 30 Age 31 to 40 (12) Age 41 to 70 (12) Number of units of Basic Death and Total and Permanent Disablement cover 3 units 4 units 5 units The Income Protection monthly benefit is comprised of two components: an income component equal to up to 75% of your predisability income (13) ; a super contributions component equal to the monthly Superannuation Guarantee contributions that would have been paid had you not been disabled. The monthly benefit is payable for up to two years after the completion of a waiting period of 90 days. The insured amount is determined by: the number of units of Basic (if any) and Voluntary Death and Total and Permanent Disablement cover you hold; the number of units of Voluntary Death only cover you hold; your age next birthday; and the underlying value of one unit of Death and Total and Permanent Disablement cover for your age next birthday. Or If accepted by the Insurer, a fixed dollar amount (subject to conditions). The Income Protection monthly benefit is comprised of two components: an income component equal to up to 75% of your predisability income (13) ; a super contributions component equal to the monthly Superannuation Guarantee contributions that would have been paid had you not been disabled. (12) The number of units of cover will automatically increase by one unit on your 30 th and 40 th birthday. (13) Subject to automatic acceptance limit and maximum monthly benefit. (14) To apply for Voluntary insurance cover, please complete the RBF Tasmanian Accumulation Scheme Insurance Application Form with Personal Statement available from or call the RBF Enquiry Line on to obtain a copy. Member Booklet: RBF Tasmanian Accumulation Scheme 7

8 Adjusting your insurance RBF insurance cover is designed to be flexible. In the case of Death and Total and Permanent Disablement cover and/or Death only cover, you may, subject to acceptance of underwriting by the Insurer apply to: increase the number of units of cover you hold; or convert all of your unitised cover to a fixed dollar amount. In the case of Income Protection cover you may, subject to acceptance of underwriting by the Insurer, apply to: increase the benefit payment period from two years to five years or to age 65; and/or reduce your waiting period from 90 days to 60 or 30 days. All Income Protection cover and all payments of Income Protection benefits cease on your 65th birthday. You may also cancel or reduce your insurance cover (including any Basic insurance cover). You can use the RBF Tasmanian Accumulation Scheme Insurance Variation form to vary or cancel your insurance cover available from or call the RBF Enquiry Line on to obtain a copy. Warning: Unless you cancel your Basic cover, premiums will be automatically deducted from your RBF Account. Costs of insurance There are costs associated with insurance, in the form of insurance premiums. The premium that you pay will depend on your level of cover and your risk category. You are automatically assigned to the standard risk category however you may be eligible to apply for a lower risk category by completing the RBF Tasmanian Accumulation Scheme Insurance Variation form. If your application is accepted by the Insurer, your premiums will be reduced. The cost for one unit of Death and Total and Permanent Disablement cover is $52pa ($1 per week), when the standard risk category applies to your cover. The annual premium rates for Income Protection cover varies according to your age next birthday, the benefit payment period and the benefit waiting period. Annual premium rates for a $500 monthly benefit with a benefit payment period of two years and a 90 day waiting period range from $8.14pa to $78.56pa, when the standard risk category applies to your cover. All insurance premiums will be automatically deducted from your RBF Account on a monthly basis. You should read the important information about insurance in our Fact sheet: Insurance in your super before making a decision. Go to or call the RBF Enquiry Line on to obtain a copy. The material relating to insurance may change between the time when you read this Member Booklet and the day when you acquire the product. How to open an account If you elect to join the RBF Tasmanian Accumulation Scheme as your fund of choice via a Tasmanian public sector employer then your employer will arrange to open an RBF Account and pay Superannuation Guarantee contributions on your behalf. You will receive a welcome pack including an application form to update your account details. You can open an RBF Account for your spouse by completing a RBF Tasmanian Accumulation Scheme Application for spouse membership form available at or by contacting us at the RBF Enquiry Line on In all other circumstances, you can contact the RBF Enquiry Line on to check if you are eligible to join the RBF Tasmanian Accumulation Scheme and to obtain an application form. Complaints At RBF, we strive to ensure our members receive the best possible service at all times, but sometimes our service might not meet your expectations. For this reason, RBF has a comprehensive complaint process to address member concerns. Members who may be unhappy with the way RBF has handled a matter are encouraged to contact the RBF Enquiry Line on and explain their concerns. Where the member s concerns have not been addressed, they can write to: RBF Complaints Officer Retirement Benefits Fund Reply Paid 446 HOBART TAS 7001 If you are still not satisfied with our response, you can lodge a complaint with the Tasmanian Ombudsman by calling Privacy Contact RBF if you would like additional information or assistance. The privacy of your personal information is important to RBF. We understand the need for confidentiality. We hold your personal information securely and use it only for the purposes described in the RBF Privacy Policy, available on the RBF website at If you would like a copy or if you would like to access or update the personal information we hold about you, please contact our Privacy Officer on (03) Contacting RBF Contact RBF if you would like additional information or assistance. RBF Enquiry Line: or (international) Visit: Fax: (03) or (international) Write: RBF, Reply Paid 446, Hobart TAS 7001 Office: Ground Floor, 21 Kirksway Place, Hobart Ground Floor, Cimitiere Street, Launceston AL/B/00105 (V16-07/15) Issued by Retirement Benefits Fund Board ABN as Trustee for Retirement Benefits Fund (RBF) ABN RBF19030_TAS Member Booklet_FA_ Member Booklet: RBF Tasmanian Accumulation Scheme

RBF Tasmanian Accumulation Scheme Redundancy

RBF Tasmanian Accumulation Scheme Redundancy Fact sheet RBF Tasmanian Accumulation Scheme Redundancy Important note This information is only for members of the RBF Tasmanian Accumulation Scheme. Please refer to the Membership Category as shown on

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

Insurance in your super

Insurance in your super Insurance in your super Fact sheet Information in this fact sheet is current as at 1 July 2015 Contents Overview 1 What is Life cover? 5 How your Life cover works 6 When is your insured benefit payable?

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

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

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

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

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

Tasmanian Accumulation Scheme Death and Incapacity Cover

Tasmanian Accumulation Scheme Death and Incapacity Cover Death and Incapacity Cover Retirement Benefits Fund Tasmanian Accumulation Scheme Death and Incapacity Cover Information in this brochure is current as at 18 January 2012 Retirement Benefits Fund Tasmanian

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

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

Mercer Super Trust Personal Superannuation Division PRODUCT DISCLOSURE STATEMENT 1 JULY 2012

Mercer Super Trust Personal Superannuation Division PRODUCT DISCLOSURE STATEMENT 1 JULY 2012 Mercer Super Trust Personal Superannuation Division PRODUCT DISCLOSURE STATEMENT 1 JULY 2012 CONTENTS 1. ABOUT THE PERSONAL SUPERANNUATION DIVISION...1 2. HOW SUPER WORKS...2 3. BENEFITS OF INVESTING WITH

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

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

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

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

RBF family law. This brochure covers the treatment of your RBF super for family law purposes. Contents Introduction

RBF family law. This brochure covers the treatment of your RBF super for family law purposes. Contents Introduction RBF family law This brochure covers the treatment of your RBF super for family law purposes Contents Introduction 2 If a couple separates or divorces must super be split? Can all super be split? Who can

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

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

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

Bendigo SmartStart Super

Bendigo SmartStart Super Bendigo SmartStart Super Product Disclosure Statement Dated 5 March 2015 This Product Disclosure Statement ( Statement or PDS ) is issued by Sandhurst Trustees Limited (ABN 16 004 030 737, AFSL No. 237906)

More information

Supplementary Product Disclosure Statement

Supplementary Product Disclosure Statement AMA Financial Services Medical & Associated Professions Superannuation Fund a sub-plan of IOOF Employer Super Employer and Personal Super Supplementary Product Disclosure Statement Dated: 1 June 2014 Issuer:

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

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

Statewide. www.statewide.com.au/join

Statewide. www.statewide.com.au/join Statewide Incorporating MySuper and choice investments product disclosure statement Employer-sponsored and personal superannuation members. This document was prepared on 3 August 2015. www.statewide.com.au/join

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

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

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

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

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

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

Accumulation 1. Inside. Product Disclosure Statement issued 22 July 2013 by UniSuper Limited ABN 54 006 027 121

Accumulation 1. Inside. Product Disclosure Statement issued 22 July 2013 by UniSuper Limited ABN 54 006 027 121 Accumulation 1 Product Disclosure Statement issued 22 July 2013 by UniSuper Limited ABN 54 006 027 121 Inside 1. About UniSuper 2. How super works 3. Benefits of investing with UniSuper 4. Risks of 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

FEES & COSTS. Fact Sheet > Triple S. To find out more visit www.supersa.sa.gov.au IN THIS FACT SHEET

FEES & COSTS. Fact Sheet > Triple S. To find out more visit www.supersa.sa.gov.au IN THIS FACT SHEET > 1 Consumer Advisory Warning 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

More information

Super Accelerator. Supplementary Product Disclosure Statement. 2 April 2015. Issuer/trustee details: netwealth Investments Limited

Super Accelerator. Supplementary Product Disclosure Statement. 2 April 2015. Issuer/trustee details: netwealth Investments Limited Super Accelerator Supplementary Product Disclosure Statement 2 April 2015 Issuer/trustee details: netwealth Investments Limited Level 8/52 Collins Street MELBOURNE VIC 3000 ABN 85 090 569 109 AFSL 230975

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

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

Fees and costs guide (BA.5)

Fees and costs guide (BA.5) Fees and costs guide (BA.5) Issued 1 January 2016 The information in this document forms part of the ESSSuper Accumulation Plan Product Disclosure Statement dated 1 January 2016. Contents Fees and costs

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

Fees and other costs Employer-sponsored and personal superannuation members.

Fees and other costs Employer-sponsored and personal superannuation members. Fees and other costs Employer-sponsored and personal superannuation members. This document was prepared on 1 July 2016. The information in this document forms part of the Statewide product disclosure statement

More information

understand how West State Super operates. 5. How we invest your money 4

understand how West State Super operates. 5. How we invest your money 4 SUP E R ANNUATION West State Super Product Information Booklet Contents This Product Information Booklet (PIB) outlines the main features and benefits of West State Super and how your account 1. About

More information

MyState Wealth Management Superannuation Account Reference Guide

MyState Wealth Management Superannuation Account Reference Guide MyState Wealth Management Superannuation Account Reference Guide 19 August 2015 Superannuation Account Reference Guide 1 Trustee and Issuer: The Trust Company (Superannuation) Limited ABN 49 006 421 638

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

Super Saver Induction Booklet

Super Saver Induction Booklet VISION SUPER YOUR INDUSTRY SUPER FUND Super Saver Induction Booklet December 2013 99 Low fees and great value for money 99 Automatic Income Protection and Death & Disability cover 99 No commissions or

More information

Personal Plan. Product Disclosure Statement. www.australiansuper.com/join

Personal Plan. Product Disclosure Statement. www.australiansuper.com/join Personal Plan Product Disclosure Statement www.australiansuper.com/join 1. About AustralianSuper 2. How super works 3. Benefits of investing with AustralianSuper 4. Risks of super 5. How we invest your

More information

MERCER GLOBAL LOW VOLATILITY SHARES FUND Product Disclosure Statement

MERCER GLOBAL LOW VOLATILITY SHARES FUND Product Disclosure Statement MERCER GLOBAL LOW VOLATILITY SHARES FUND Product Disclosure Statement 1 June 2015 ARSN: 154 973 154 APIR: MIN0083AU Contents Page 1. About Mercer Investments (Australia) Limited 2 2. How the Mercer Global

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

ASC Superannuation Plan

ASC Superannuation Plan ASC Superannuation Plan sub-plan of The Executive Superannuation Fund Product Disclosure Statement 28 June 2013 Things you should know: This Product Disclosure Statement ( PDS ) is a summary of significant

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

Sunsuper for life. A simple and easy solution for life! Low fees Strong performance MySuper approved. Product Disclosure Statement

Sunsuper for life. A simple and easy solution for life! Low fees Strong performance MySuper approved. Product Disclosure Statement Sunsuper for life Product Disclosure Statement Preparation date: 9 June 2015 Issue date: 1 July 2015 A simple and easy solution for life! Low fees Strong performance MySuper approved Contents Page 1 About

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

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

This document is a Fact Sheet for the Product Disclosure Statement dated 22 May 2010 for Flexible Lifetime - Super and Allocated Pension ( PDS ).

This document is a Fact Sheet for the Product Disclosure Statement dated 22 May 2010 for Flexible Lifetime - Super and Allocated Pension ( PDS ). Fact sheet 4 Fees and other costs This document is a Fact Sheet for the Product Disclosure Statement dated 22 May 2010 for Flexible Lifetime - Super and Allocated Pension ( PDS ). CONTENTS PAGE Taxation

More information

MERCER GLOBAL CREDIT FUND Product Disclosure Statement

MERCER GLOBAL CREDIT FUND Product Disclosure Statement MERCER GLOBAL CREDIT FUND Product Disclosure Statement 1 June 2015 ARSN: 141 046 282 APIR: MIN0032AU Contents Page 1. About Mercer Investments (Australia) Limited 2 2. How the Mercer Global Credit Fund

More information

Smart End of Financial Year Strategies

Smart End of Financial Year Strategies Level 7,34 Charles St Parramatta Parramatt NSW 2150 PO Box 103 Parramatta NSW 2124 Phone: 02 9687 1966 Fax: 02 9635 3564 Web: www.carnegie.com.au Build Guide Protect Manage Wealth Smart End of Financial

More information

BT Wholesale Multi-manager Australian Shares Fund

BT Wholesale Multi-manager Australian Shares Fund BT Wholesale Multi-manager Australian Shares Fund Product Disclosure Statement ( PDS ) Issued 1 July 2015 ARSN 118 469 720 APIR BTA0259AU Contents 1. About BT Funds Management Limited 2 2. How the Fund

More information

Supplementary Product Disclosure Statement

Supplementary Product Disclosure Statement The Portfolio Service Superannuation Plan The Portfolio Service 1 July 2014 Supplementary Product Disclosure Statement Issuer: Questor Financial Services Limited ABN 33 078 662 718 AFS Licence No. 240829

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

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

Schedule of fees. Did you know? GESB Super. Consumer Advisory Warning. To find out more. Fees and other costs for GESB Super

Schedule of fees. Did you know? GESB Super. Consumer Advisory Warning. To find out more. Fees and other costs for GESB Super Schedule of fees GESB Super SUP E R ANNUATION Important note The information in this document forms part of the Product Information Booklet for GESB Super, dated 1 July 2016. You should read the important

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

Your guide to what is included in the MLC MasterKey Business Super Product Disclosure Statement. MLC MasterKey Business Super Insurance Guide

Your guide to what is included in the MLC MasterKey Business Super Product Disclosure Statement. MLC MasterKey Business Super Insurance Guide MySuper Compliant Contents 1 About MLC MasterKey Business Super 1 2 How super works 2 3 Benefits of investing with MLC MasterKey Business Super 2 4 Risks of super 3 5 How we invest your money 3 6 Fees

More information

Planning for retirement

Planning for retirement Planning for retirement 1 Disclaimer This presentation contains general advice current as at April 2016 and has been prepared without taking account of your objectives, financial situation or needs. Before

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

Investment options and risk

Investment options and risk Investment options and risk Issued 1 November 2013 The information in this document forms part of the Product Disclosure Statement for the Commonwealth Superannuation Scheme (CSS), sixth edition, issued

More information

Whitehaven Equity Income Fund

Whitehaven Equity Income Fund Whitehaven Equity Income Fund ARSN: 166 733 133 Product Disclosure Statement Dated 6 January 2014 Whitehaven Private Portfolios Ltd Investment Manager and Responsible Entity ABN 64 109 808 577; AFSL 300878

More information

Product Disclosure Statement. Your guide to AvSuper for Income Stream Members

Product Disclosure Statement. Your guide to AvSuper for Income Stream Members Product Disclosure Statement Your guide to AvSuper for Income Stream Members 1 July 2015 Contents welcome 1 transition to retirement 2 starting an Income Stream 3 accessing your money 4 your beneficiaries

More information

Member Application Form

Member Application Form Member Application Form ABN 76 829 356 693 RSE R1004366 SFN 299 735 940 SPIN CFS0102AU Chifley Financial Services Limited (Trustee) ABN 75 053 704 706 AFSL 231148 RSEL L0001120 Instructions Member Services

More information

Concept ne. Great News. Concept ne. and Concept One Superannuation Plan will merge to form... the Industry Superannuation Fund

Concept ne. Great News. Concept ne. and Concept One Superannuation Plan will merge to form... the Industry Superannuation Fund Great News FOR EMPLOYERS! The Industry Superannuation Fund and Concept One Superannuation Plan will merge to form... Concept ne the Industry Superannuation Fund SIGNIFICANT EVENT NOTICE On 22 February

More information

Superannuation Surcharge Guide. Issued: December 2013

Superannuation Surcharge Guide. Issued: December 2013 Superannuation Surcharge Guide Issued: December 2013 Contents Introduction... 3 Surcharge process... 4 What are my options?... 5 Need more information?... 7 Contact Centres 70 Eagle Street Brisbane 63

More information

Accumulation Account Guide. Issued 3 August 2015

Accumulation Account Guide. Issued 3 August 2015 Issued 3 August 2015 2 WINNER 2015 Our superannuation product identification number (SPIN) is QSU0101AU (Accumulation) Our superannuation fund number (SFN) is 2610 419 41 Our MySuper authorisation number

More information

Super Funds Comparison Fact Sheet

Super Funds Comparison Fact Sheet Super Funds Comparison Fact Sheet This fact sheet has been prepared for new and prospective members of. However, it is not relevant to: members who have been issued with a Part Two Information former ESI

More information

MyState Wealth Management Superannuation Account Product Disclosure Statement

MyState Wealth Management Superannuation Account Product Disclosure Statement MyState Wealth Management Superannuation Account Product Disclosure Statement 19 August 2015 CONTENTS Important Information 1 1. About the Mystate Wealth Management Superannuation Account 2 2. How Super

More information

BT Balanced Equity Income Fund

BT Balanced Equity Income Fund BT Balanced Equity Income Fund Product Disclosure Statement (PDS) Issued 26 September 2012 Contents 1 About BT Investment Management (RE) Limited 2 How the BT Balanced Equity Income Fund works 3 Benefits

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

ADVANCE AUSTRALIAN SHARES MULTI-BLEND FUND Product Disclosure Statement (PDS)

ADVANCE AUSTRALIAN SHARES MULTI-BLEND FUND Product Disclosure Statement (PDS) ADVANCE AUSTRALIAN SHARES MULTI-BLEND FUND Product Disclosure Statement (PDS) Issued: 1 July 2015 ARSN 087 296 008 APIR ADV0045AU Contents 1. About Advance Asset Management Limited... 2 2. How the Fund

More information

Supplementary Product Disclosure Statement SuperWrap

Supplementary Product Disclosure Statement SuperWrap Supplementary Product Disclosure Statement SuperWrap This Supplementary Product Disclosure Statement ( SPDS ) is dated 20 November 2015 and supplements the Product Disclosure Statement ( PDS ) for SuperWrap.

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

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

Product Disclosure Statement

Product Disclosure Statement Product Disclosure Statement BT Wholesale Core Global Share Fund Issued 24 July 2015 Contents 1 About BT Investment Management (Fund Services) Limited 2 How the BT Wholesale Core Global Share Fund works

More information

Challenger Guaranteed Allocated Pension

Challenger Guaranteed Allocated Pension Challenger Guaranteed Allocated Pension Product Disclosure Statement (PDS) Dated 1 January 2015 Challenger Retirement Fund Allocated Pension (SPIN CIT0101AU) (ABN 87 883 998 803) (RSE Registration Number

More information

Helping you own your retirement. North Super and Pension. Product Disclosure Statement Part A

Helping you own your retirement. North Super and Pension. Product Disclosure Statement Part A North Super and Pension Product Disclosure Statement Part A Helping you own your retirement North Personal Superannuation and Personal Pension Issue Number 7, 1 July 2014 To be read in conjunction with

More information

Investment Bond & Rollover

Investment Bond & Rollover Investment Bond & Rollover This report includes: Deferred Annuity Capital Guaranteed Collection Rollover Rollover Portfolio and Rollover Parking Fund Capital Guaranteed Collection Investment Bond Investment

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

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

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

ADVANCE INTERNATIONAL SHARES MULTI-BLEND FUND Product Disclosure Statement (PDS)

ADVANCE INTERNATIONAL SHARES MULTI-BLEND FUND Product Disclosure Statement (PDS) ADVANCE INTERNATIONAL SHARES MULTI-BLEND FUND Product Disclosure Statement (PDS) Issued: 1 July 2015 ARSN 087 295 501 APIR ADV0053AU Contents 1. About Advance Asset Management Limited... 2 2. How the Fund

More information

Your life your fund. Super for real estate professionals

Your life your fund. Super for real estate professionals Your life your fund Super for real estate professionals Product Disclosure Statement 1 July 2016 CONTENTS 1 About REI Super 2 How super works 3 Benefits of investing with REI Super 4 Risks of super 5 How

More information

Home Insurance OneAnswer

Home Insurance OneAnswer Home Insurance OneAnswer Reach your financial goals sooner About OnePath OnePath is one of Australia s leading providers of wealth, insurance and advice solutions. We have been helping Australians grow

More information

Product. Disclosure Statement. 2. How superannuation works. 1. About Russell SuperSolution CONTENTS. Russell SuperSolution General Division

Product. Disclosure Statement. 2. How superannuation works. 1. About Russell SuperSolution CONTENTS. Russell SuperSolution General Division Your Product Disclosure Statement Russell SuperSolution General Division 1 July 2015 CONTENTS 1. About Russell SuperSolution...1 2. How superannuation works...1 3. Benefits of investing in Russell SuperSolution...2

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

FIDUCIAN TECHNOLOGY FUND

FIDUCIAN TECHNOLOGY FUND PRODUCT DISCLOSURE STATEMENT FIDUCIAN TECHNOLOGY FUND ARSN 093 544 337 2 MARCH 2015 This Product Disclosure Statement (PDS) provides a summary of significant information about the Fiducian Technology Fund

More information

Nestlé Australia Group Superannuation Fund

Nestlé Australia Group Superannuation Fund Nestlé Australia Group Superannuation Fund Information about your super Greg Hughes - Russell Investments What we are going to talk about today.. How to find out more about your super In particular: Your

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

Vanguard High Growth Index Fund

Vanguard High Growth Index Fund Product Disclosure Statement 28 August 2013 Vanguard High Growth Index Fund This Product Disclosure Statement (PDS) is issued by Vanguard Investments Australia Ltd ABN 72 072 881 086 AFSL 227 263 (Vanguard,

More information

Financial Services with a Personal Touch

Financial Services with a Personal Touch Financial Services with a Personal Touch CONCESSIONAL CONTRIBUTIONS CAP Concessional contributions include: employer contributions (including contributions made under a salary sacrifice arrangement) personal

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

Sunsuper for life guide

Sunsuper for life guide Sunsuper for life guide Want to know more about: Superannuation Income in retirement Preparation date: 9 June 2015 Issue date: 1 July 2015 Contents 1 Benefits of investing with Sunsuper for life 1 Here

More information