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

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

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

Transcription

1 Product Disclosure Statement Your guide to AvSuper for Income Stream Members 1 July 2015

2 Contents welcome 1 transition to retirement 2 starting an Income Stream 3 accessing your money 4 your beneficiaries 7 benefits of investing in AvSuper 8 AvSuper investments 9 fees and other costs 19 tax and Income Streams 23 AvSuper insurance 24 other things you should know 28 annual financial checkups 29 Your guide to AvSuper for Income Stream Members About this document Welcome to AvSuper s Income Stream Division! Well, you ve made it! After years of working hard and contributing to your super, you can now enjoy an active retirement and choose how to spend your time and retirement savings. Whether you ve been dreaming of time with family, travelling, gardening, volunteering, reading, exercising or learning new interests, now is your chance. An AvSuper Income Stream (sometimes called a pension) will allow you to easily manage your hard earned retirement savings while you live and enjoy your life. This Product Disclosure Statement (PDS) explains how Income Streams work and how AvSuper can help you make the most of your savings in your retirement, even if you are still working. AvSuper is a profit-for-members super fund AvSuper is a profit-for-members super fund, combining the best features of industry, corporate and retail super funds to provide you with the best of all worlds. AvSuper has strong long term investment performance, competitive fees and doesn t pay any commissions. AvSuper operates in the best interests of and for the benefit of members (and their beneficiaries), many of whom are drawn from the aviation and aviation safety industries. As a profit-for-members fund, AvSuper provides a premium arrangement with personalised service, access to personalised advice and easy to understand information about super. 1 This Product Disclosure Statement (PDS) provides a summary of significant information about the features, costs, benefits and risks involved in investing your superannuation in an AvSuper Income Stream. This PDS also summarises superannuation legislation rules applicable to superannuation income streams. Where relevant, ASIC s class order 14/1252 applies to the PDS. However, this PDS does not describe all the conditions affecting the amount or availability of benefits and is not a promise or guarantee of any particular benefit. It does not set out in detail all relevant legislated rules. The Trustee must adhere to these rules, as amended from time to time, which also override the content of this PDS. The information provided is general information only and does not take into account your specific financial needs or personal situation. You should assess your own financial position and personal objectives before making any decision based on this information. We recommend that you also seek professional and personalised financial advice. This PDS has been issued by AvSuper Pty Ltd (ABN , AFSL ), the Trustee of the AvSuper Fund (ABN ). The Trust Deed of AvSuper is the final authority on the conditions governing the benefits described in this PDS. If the Trust Deed conflicts with this PDS, the Trust Deed will prevail. Information in this PDS that is not materially adverse information is subject to change from time to time and may be updated. Any updates to information that are not materially adverse, will be available on our website or in printed form (free of charge) upon request. You can visit /policies/privacy-notice to learn about our privacy policy which includes the collecting and handling of your personal information and your rights. Where third party services are referred to, the Trustee has no responsibility for their products, services, views or actions and accepts no liability for the outcomes of your interactions with those third parties. What does an AvSuper Income Stream do for you? An AvSuper Income Stream is a cost-effective way to gradually access your retirement savings, with personalised service and access to member benefits and features such as: competitive fees to protect your savings your choice of investment options choosing how much and how often you are paid (Government limits apply) optional insurance cover (if eligible) beneficiary nomination options 24 hour access to your account information via our website access to personalised financial advice (fees may apply) Experienced Trustee staff answer your calls - not an anonymous call centre Welcome

3 AvSuper Product Disclosure Statement Who can apply for an AvSuper Income Stream You can apply for an AvSuper Income Stream if you have reached your preservation age, even if you have not fully retired (although eligibility rules apply, such as being an Australian citizen or resident and meeting a release criteria for your super). If you are still working past your preservation age, you can apply for a transition to retirement (TTR) Income Stream (see below). Unless noted otherwise, everything in this PDS relates to full and TTR Income Streams. You will need a minimum of $20,000 from an existing super account (with AvSuper or another fund) to get started. Starting an AvSuper Income Stream - easy! 1 read this entire PDS to understand our Income Streams 2 complete an AvSuper Income Stream Application (available on our website) 3 complete a Tax File Number Declaration (if under 60) 4 arrange to transfer your super (see below) to AvSuper, if necessary 5 send your completed forms to AvSuper, GPO Box 5134, Sydney NSW start enjoying your retirement (or transition to retirement)! 2 Income Streams Date of birth Preservation age Date of birth Preservation age Before to to to to onwards 60 Transition to retirement Income Streams If you have reached your preservation age (as above) but are still working (even part time), a transition to retirement (TTR) Income Stream may help you ease into full retirement. A TTR Income Stream works the same way as a full Income Stream except you: can only withdraw up to 10% of your 1 July TTR account balance in a financial year # generally can not make lump sum withdrawals (other than any unrestricted non-preserved component or rolling it into a super account) but you can transfer it to an accumulation account to make allowable withdrawals. You can use the TTR income to maintain/supplement your working income while: reducing your working hours salary sacrificing* to an accumulation account for potential tax savings continuing to get compulsory employer and personal contributions to build your accumulation account. When you are ready to fully retire, you can roll your TTR Income Stream money into an AvSuper accumulation account before establishing a new, larger Income Stream. Or change your TTR Income Stream account to a full Income Stream if you don t want to add money to it. When your application has been processed and account opened, we will send you a welcome letter outlining your payment schedule, member number and other important information. Our Member Advice Solution can help you decide when to start an Income Stream and how to structure it to suit your needs. Getting professional advice is generally a good strategy. Transferring savings into your Income Stream Transferring some or all of your money from an existing AvSuper account to your new AvSuper Income Stream is managed via your application form. To transfer (rollover) your super from another fund, please complete a rollin whole balance from another super fund form (available on our website) and send it with your application. Alternatively, you can log into Member Online to arrange an erollover into an existing AvSuper accumulation account. It is important to note that once your Income Stream commences, you can not add money to that Income Stream account. Therefore, if you are rolling money in from a number of super funds, we suggest consolidating them in an accumulation account first. Otherwise you can open more than one income stream. AvSuper does not charge any fees to accept your money (into a super account or an income stream) but your old fund may charge an exit fee and/or a sell spread and you may lose other benefits or favourable fees by transferring your money. Legislation designed to prevent money laundering and terrorism financing requires us to obtain and verify certain identification information from you prior to paying super money to you. The relevant forms detail the requirements. Your payment may be delayed if these requirements are not met. 3 Joining # Some exceptions apply, such as a family law split. * Salary sacrifice is not offered by all employers nor does it suit everyone. Further information is on our website. Under Family Law legislation, your spouse (including a defacto or same sex spouse) may be entitled to some of your super if you permanently separate or divorce. Individual circumstances vary so we recommend you discuss this with a legal adviser.

4 AvSuper Product Disclosure Statement Taking your super as an Income Stream It is up to you how much money you drawdown (withdraw) as regular income from your Income Stream account each year. However, the Government specifies a minimum* income stream drawdown each year based on your age and account balance (see table below for drawdown rates) If you have a full Income Stream, you can drawdown as much as you wish up to the value of your account. TTR Income Streams have a 10% of balance maximum annual withdrawal. Minimum annual income stream payments Age Range % of account balance Age Range % of account balance Under 65 4% % % % 95 or older 14% % Your Income Stream payments continue until: your account balance falls below $1,000 (when the balance will be paid to you as a lump sum), you choose to close the account by withdrawing the balance, or we are notified of your death (unless reverted to your valid reversionary beneficiary). We will withdraw money from the Cash option by default. Alternatively, you can choose which investment options to drawdown your money from. Changing Income Stream payments You can change your payment amount up to four times each year (within the prescribed minimum and maximum levels) let us know via our Income Stream changes form or via . At the start of each financial year you will receive notification of your revised minimum annual payment amount. If your existing rate is less than your new minimum, we will automatically increase your rate to the new minimum. Choosing your Income Stream payments 4 Accessing an Income Stream Note that your Income Stream choices may affect your entitlements to any Government payments, such as the age pension, as drawdowns (pension payments) and lump sums (including ad hoc payments) may be treated differently. Please refer to Centrelink or talk to one of our Member Advice Consultants for assistance as the impact depends on individual circumstances. Some issues you might consider when choosing your drawdown amount: How much other money do you have? What are your major living expenses? What sort of lifestyle do you want (restaurants, hobbies, cars, etc)? Are you expecting any future money (e.g. a spouse s super)? What tax liabilities do you have on different income sources? How long do you expect your savings to last? Do you have dependants for the short or long term? Lump sum withdrawals You can make unlimited lump sum withdrawals from your Income Stream at any time (minimum $5,000 per withdrawal). Please note that lump sum withdrawals are generally not available if you have a TTR Income Stream. To request a lump sum withdrawal, please contact us for the appropriate form. Lump sum withdrawals may attract different taxation rules, depending on your circumstances. 5 Accessing an Income Stream Payments are generally made monthly into your nominated bank account, but you can choose to receive them from our range of frequencies to suit your circumstances. * Minimum amounts apply per financial year or are pro-rated for the first year. If you purchase an income stream after 31 May, the minimum amount is zero, i.e. no payment is required that financial year. Account balances are determined at commencement and each 1 July thereafter. Tax Free for over 60s If you are 60 or older, you won t pay tax on your super withdrawals whether you take them as a lump sum or as regular drawdowns. Investment earnings in an Income Stream are not subject to tax while they remain in the Income Stream.

5 AvSuper Product Disclosure Statement How long will an AvSuper Income Stream last? Your Income Stream will be affected by how much you invest, the relevant investment earnings, your chosen level of income payments, fees and costs and any lump sum withdrawals you make. The following graph shows how taking a minimum payment rate will potentially effect the balance and duration of an income stream. It is an illustration only and does not take into account other factors or your personal circumstances: Impact of minimum Income Stream drawdowns (invested equally across the Cash, Conservative Growth, Stable Growth and Growth options) $800,000 $70,000 Your super for your beneficiaries You can nominate a beneficiary (or beneficiaries) to receive your super if you die before you withdraw it. Your Income Stream balance will be switched to our Cash investment option (see page 14) on the day we receive written notification of your death. As part of your Income Stream, you can nominate one dependant* as a reversionary beneficiary by completing a nomination of reversionary Income Stream beneficiary form. If you have done this, your dependant can continue to receive your AvSuper Income Stream (assuming they meet Income Stream rules), which will be based on the account balance at the time of your death. If ineligible for an income stream or by choice, your dependant can take a lump sum instead of the Income Stream. Once it s made, a valid reversionary beneficiary nomination is binding on the Trustee until your dependant dies or you change it. 6 Accessing an Income Stream Account balance $700,000 $600,000 $500,000 $400,000 $300,000 $200,000 $100,000 $0 $ Age Payments ($ annually) Account balance Assumptions: Starting balance - $600,000 Earning Rate - 6% Total fees % Inflation rate 3.0% Income Stream start date 1 July Income Stream payments monthly Starting age 60 Insurance - none no lump sum withdrawals no change to relevant legislation $60,000 $50,000 $40,000 $30,000 $20,000 $10,000 Payments Alternatively you can nominate your beneficiaries to receive your Income Stream balance as a lump sum if you die. You can nominate any or all of your dependants or a legal personal representative (your estate). Your nomination can be either binding or non-binding (please see our website for details on both options). To nominate or update your beneficiaries, complete a nomination of beneficiaries form (or visit Member Online for non-binding nominations). To receive the most favourable tax treatment, your beneficiary must also meet the definition of a death benefit dependant in the Income Tax Assessment Act 1997, e.g. your child will only receive the most favourable tax treatment if they are under 18, or over 18 and financially dependent on you. * Dependants are your legal or defacto spouse, children (including stepchildren, ex-nuptial children and adopted children) and any other person with whom the Trustee considers you had an interdependency relationship at the time of your death. 7 Beneficiaries

6 AvSuper Product Disclosure Statement Benefits of investing in an AvSuper Income Stream AvSuper s Investments 8 Investments AvSuper provides cost-effective way to access your super in retirement, with personalised service and access to premium member benefits and features such as: competitive fees and charges no entry or rollin fees member investment choice experienced Trustee staff answer your calls - not an anonymous call centre competitively priced death and disablement insurance cover* short or long term income protection for eligible members in all occupation classes* 24 hour access to your account information via our website personalised financial advice about your super and Income Streams, including annual check ups at no additional cost (see page 29) informative member guides, including one explaining your retirement options the choice of making reversionary, binding or non-binding beneficiary nominations. Regular communication You will receive regular information from AvSuper, including: an annual Trustee Report and member statement detailing your transactions regular s and bulletins containing updates and other items of interest notification of any material changes to this PDS and any other significant events The AvSuper website contains a wealth of information, including weekly investment performance and all AvSuper forms and publications, plus access to AvChat, our online chat facility. Access to personalised super and retirement advice AvSuper members can access personal advice that takes into account your personal circumstances. Our Member Advice Consultants will chat with you (in person or on the phone) then analyse your situation and give you written advice of the actions we think best suit you. Call us for your appointment (advice fees may apply for some forms of advice). *age and other terms and conditions apply If you have super, then you re an investor - and AvSuper s investment performance will be one of the key contributors to the long term maintenance of your retirement savings. While investment performance often varies year to year, when thinking about your retirement savings don t just think about short term results remember your retirement could last 20 or more years so look ahead and plan for the long term. By comparing investment performance over the long term, such as over five and ten year periods, you can gain a better perspective of the performance of your investment. You can view our history of strong, long term investment performance on our website. Note that past performance is not always a reliable indicator of future performance and performance objectives listed on the following pages are not guaranteed. Your super, your choice The right investment option(s) depends on factors such as your income needs, risk comfort and age. AvSuper s member investment choice enables you to choose one or a combination of our professionally managed investment options. The choice is yours. If you do not make an investment choice, your Income Stream will automatically be invested in a blend of our Balanced Growth and Cash options. For accounts opened prior to 1 July 2015, the default was the Growth option. Switching You can change how your Income Stream is invested in our investment options at any time; this is called switching and no AvSuper It is important to choose investment options to suit your personal financial situation, goals and preferences. You may want to ask: am I comfortable with greater risk for a potentially higher return, or would I prefer a lower risk option? do I need to see consistent investment returns or do I want to preserve capital? how much super and other savings do I have put aside? what income do I need? switching fees apply. Switching can be done via Member Online or by completing a Nominate or switch Income Stream investment options form (available from our website or by calling). 9 Investments See page 24 or visit our website for information Book a meeting for personalised advice from an AvSuper Member Advice Consultant (no fees apply for insurance - only advice) You also have a choice about which option(s) your Income Stream payments are withdrawn from. You can do this via the switching form or Member Online. Our default is to withdraw from the Cash option if you do not make an investment choice. Our Member Advice Consultants can help you plan your withdrawal strategy. Remember, all investments can have both high and low risk tendencies, and both positive and negative returns are part of the investment cycle over long periods of time, so it s important to take a long-term view when making an investment choice.

7 AvSuper Product Disclosure Statement 10 Fees and costs AvSuper s Investment Options You can choose from our range of investment options: Conservative Growth Stable Growth Balanced Growth Growth High Growth Cash Australian Shares International Shares If you do not choose, we will invest your Income Stream in the Balanced Growth and Cash options* to give you a 50/50 mix of growth and defensive assets. By default, your Income Stream payments are deducted from the Cash option. Each option has its own performance objectives, investment strategy and risk/return profile as shown on pages The target asset allocation is a strategic guide for investing.the allocation of assets can vary from time to time within the allowable ranges and you may not be notified of such variations. AvSuper may change, delete or add new investment options at any time but will give members at least 30 days notice of such changes. All our options may contain international and local exposure at any time. Unitisation Your Income Stream investment in AvSuper is unitised. You are allocated a number of units when you purchase your Income Stream. Your unit holding reduces when you make a withdrawal (regular payment or lump sum), close your Income Stream, leave AvSuper or when we deduct fees, relevant taxes and insurance fees from your account. Unitisation is similar to buying and selling stocks, with the price or value of the units allocated to you changing frequently. AvSuper s unit prices are usually declared weekly and apply from the close of business each Friday so your regular withdrawals will probably convert to a different number of units each time. We allow for indirect costs and any other relevant liabilities (actual or estimated) before setting our unit prices. You can find current and historical unit prices on our website for each investment option. The Trustee may suspend transactions due to extreme or sudden material market movements, or where the risk of material arbitrage is identified. Suspending unit pricing and the processing of transactions during extreme market movements ensures that members are not unfairly advantaged (or disadvantaged) by redeeming (or purchasing) units at artificially high (or low) unit prices. The Trustee does not specifically take into account labour standards or environmental, social or ethical considerations in the selection, retention or realisation of investments, nor does it require this of its investment consultants or fund managers. AvSuper s Member Advice Solutions AvSuper s Member Advice Consultants can help you with investment choice, strategies and rebalancing. Call for an appointment TODAY! Choosing investment options for your Income Stream One of the most important issues of retirement is ensuring you have a well structured and sustainable retirement income strategy. For many retirees, a tiered approach is effective. A tiered strategy takes into account different timeframes and provides some certainty in relation to drawing a stable retirement income while also allowing some investment exposure that can provide strong capital growth over time. It also reduces volatility in your overall portfolio when compared to being invested solely in growth assets. Tier 1 invest in cash to hold enough money to cover your drawdowns for the next 3-5 years. Tier 2 invest in a conservative or stable investment option for some growth without a lot of volatility and risk. Tier 3 invest in higher risk and more volatile options, to allow for some capital growth over the longer term. Tiers two and three can be weighted according to your risk tolerance and timeframes. These different tiers of investment may need to be rebalanced over time to top up cash or conservative options which means there is an important need for periodic reviews of the overall strategy. For members who do not use our Member Advice Solution nor made an investment choice for their Income Stream, we apply a similar approach. These members have some money invested in Cash (to cover drawdowns) and the rest in our Balanced Growth option. Growth assets such as shares and property generally have a greater short-term investment risk, with the possibility of higher returns over the longer term compared to defensive assets. Defensive assets such as fixed interest and cash have a lower investment risk but usually provide lower returns over the longer term. 11 Fees and costs * For income streams established on or after 1 July 2015.

8 AvSuper Product Disclosure Statement AvSuper options Balanced Growth Cash Designed for members who want balanced exposure to growth assets with a slightly lower weighting to defensive assets. Designed for members who have a short investment horizon. It provides higher capital security but usually much lower returns than the other options over most periods. Investment Return objective To achieve a return, after tax and fees, which exceeds Consumer Price Index (CPI) increases by at least 3.0% pa over rolling four-year periods. Suggested minimum timeframe to hold this option: 4-6 years Investment fee: 0.69% pa 12 Conservative Growth Investment Return objective The primary objective is to achieve a return, after tax and fees, which exceeds Consumer Price Index (CPI) increases by at least 1% pa over rolling three-year periods. Suggested minimum timeframe to hold this option: 0 to 3 years Investment fee: 0.12% pa Risk/return profile Risk/return profile Standard Risk Measure 4 Risk band Risk band Medium Risk label Expected frequency of 2 to less than 3 negative return in 20 years Strategic asset allocation effective since 1 July 2015 Asset Class Designed for members who are approaching retirement or who are generally risk adverse, but want to maintain some growth potential. Designed for members who want to maintain some exposure to growth assets, balanced by a similar exposure to defensive assets. Investment Return objective Investment Return objective To achieve a return, after tax and fees, which exceeds Consumer Price Index (CPI) increases by at least 1. pa over rolling three-year periods. To achieve a return, after tax and fees, which exceeds Consumer Price Index (CPI) increases by at least 2. pa over rolling four-year periods. Suggested minimum timeframe to hold this option: 2 to 4 years Suggested minimum timeframe to hold this option: 3 to 5 years Investment fee: 0.51% pa Investment fee: 0.60% pa Risk/return profile Risk/return profile Standard Risk Measure Standard Risk Measure 1 Very Low Risk label Expected frequency of Less than 0.5 negative return in 20 years Strategic asset allocation effective since 1 July 2013 Risk band 2 Risk band Risk label Low Risk label Medium Expected frequency of negative return in 20 years 0.5 to less than 1 Expected frequency of negative return in 20 years 2 to less than 3 Strategic asset allocation effective since 1 July 2013 Asset Class Benchmark Range 12% 0-20% International Shares 8% 0-20% Property 10% 0-20% Infrastructure 0% 0-10% Benchmark Range 28% 20-4 International Shares 17% 20-4 Property 10% 0-20% Infrastructure 0-10% Growth Alternatives 0-10% Growth Alternatives 0% 0-10% Diversified Fixed Income 19% 0-30% Diversified Fixed Income 30% 20-60% Cash 11% 0-20% Cash 30% 10-40% Defensive Alternatives 0-20% Defensive Alternatives 10% 0-20% Benchmark Range 100% N/A Cash Default Income Stream option Default Income Stream option See page 6 for an explanation of the Standard Risk Measure. 13 Standard Risk Measure Australian Shares Asset Class Stable Growth Australian Shares 4 Strategic asset allocation effective since 1 July 2013 Asset Class Benchmark Range Australian Shares 20% 10-30% International Shares 10% 10-30% Property 10% 0-20% Infrastructure 0-10% Growth Alternatives 0-10% Diversified Fixed Income % Cash 20% 0-30% Defensive Alternatives 0-10%

9 AvSuper Product Disclosure Statement AvSuper options (continued) High Growth Growth Option Designed for members who accept it involves a medium risk level and short term volatility to achieve moderately higher returns over the medium and longer term. Designed for members who accept it involves a higher level of risk to achieve greater returns in the long term. Investment Return objective The primary objective is to achieve a return, after tax and fees, which exceeds Consumer Price Index (CPI) increases by at least 5. pa over rolling seven-year periods. To achieve a return, after tax and fees,which exceeds Consumer Price Index (CPI) increases by at least 4. pa over rolling five-year periods and ten-year periods. Suggested minimum timeframe to hold this option: 5+ years 14 Investment fee: 0.77% pa 5 Risk band Risk label Suggested minimum timeframe to hold this option: 7+ years Medium to high Expected frequency of 3 to less than 4 negative return in 20 years Strategic asset allocation effective since 1 July 2013 The primary objective is to achieve a return, after tax and fees, which exceeds Consumer Price Index (CPI) increases by at least 6% pa over rolling seven-year periods. Suggested minimum timeframe to hold this option: 7+ years Risk band 6 Risk label High Risk label High Expected frequency of negative return in 20 years 4 to less than 6 Expected frequency of 4 to less than 6 negative return in 20 years Range Benchmark Range 20-4 Asset Class Australian Shares 54% 30-70% International Shares 24% 20-4 International Shares 36% 30-70% Property 10% 0-20% Property 0% 0-30% Infrastructure 0-10% Infrastructure 0-30% Growth Alternatives 0-10% Growth Alternatives 0-30% Diversified Fixed Income 13% 0-30% Cash 2% 0-10% Defensive Alternatives 0-10% Strategic asset allocation effective since 1 July 2013 Asset Class Australian Shares Suggested minimum timeframe to hold this option: 7+ years 15 Standard Risk Measure 6 36% The primary objective is to achieve a return, after tax and fees, which exceeds Consumer Price Index (CPI) increases by at least 6% pa over rolling seven-year periods. Risk/return profile Risk band Strategic asset allocation effective since 1 July 2013 Investment Return objective Investment fee: 0.98% pa Standard Risk Measure Benchmark Image courtesy of Airservices Australia Designed for members who want to invest in foreign sharemarkets and accept the higher risk for greater long term returns. Risk/return profile Australian Shares Asset Class Designed for members who want to invest in Australian sharemarkets and accept the higher risk for greater long term returns. Investment fee: 0.72% pa Investment fee: 0.82% pa Standard Risk Measure Standard Risk Measure International Shares Investment Return objective Investment Return objective Risk/return profile Risk/return profile Australian Shares Benchmark Range 100% NA Risk band 6 Risk label High Expected frequency of 4 to less than 6 negative return in 20 years Strategic asset allocation effective since 1 July 2013 Asset Class International Shares Benchmark Range 100% N/A

10 AvSuper Product Disclosure Statement 16 The risks of investing There are always risks associated with investing, including investing in super. Investment options change in value over time and may perform differently at different times due to various factors. Each AvSuper investment option is exposed to some or all of the following risks to some degree, depending on which assets the option invests in: Legislative risk - super and tax legislation changes may affect your investment Adequacy risk - your super may or may not provide enough money for your retirement Liquidity risk - your investments may be difficult to sell quickly Individual investment risk the investment option you choose may drop in value Market risk - changes in investment markets due to economic or political factors may occur, possibly causing changes in the value of your investments Currency risk - AvSuper s international investments may be affected by changes in foreign currency or movements in the Australian dollar Switching risk - trying to predict markets and frequently adjusting options risks crystallising losses in poor performing investments Inflation risk - probability of loss resulting from erosion of an income or in the value of assets due to the rising costs of goods and services Note that returns are not guaranteed and the value of any investment option may rise and fall. Past performance is not a reliable indicator of future performance. AvSuper s investment managers occasionally use derivatives to reduce risk, reduce transaction costs and as an efficient way to gain exposure to asset classes. Derivatives are not used for speculative purposes or for gearing. Risks include the derivative s value falling. Diversifying investments helps minimise risk Diversification simply means spreading risk. It can be achieved by investing in both growth and defensive assets. When one asset is not performing as well as expected, the other assets in your portfolio may balance your overall investment performance and reduce the impact of negative returns on your investment. The extent of diversification in an investment option depends on the nature of the investment option (including the applicable asset classes). You can help diversify your AvSuper investments and manage risk by making an investment choice. AvSuper invests with a long term focus and is diversified among several asset classes and investment managers in each asset class. This spreads the risk of an investment underperforming and allows us to take advantage of various investment styles. AvSuper s investment managers are on our website. Manage your account in your own time with member online! It s easy to use and available 24 hours a day, 365 days a year. Just log in from our website with your member number and chosen password. Once logged in, you can: update your details switch options check your account balance view past statements read letters online apply for insurance cover (age restrictions apply). 17 Tax and super AvSuper uses a Standard Risk Measure based on industry guidance to allow members to compare investment options. It is not a complete assessment of all forms of investment risk; specifically it does not take into account the impact of administration fees or the magnitude of investment earnings (positive or negative). Members should ensure they are comfortable with the risks (especially the risks of negative investment earnings) associated with their chosen investment option. Read about the Standard Risk Measure on our website. Insurance

11 Need help understanding your retirement options? Fees and other costs for your super savings This section shows the fees and other costs you may be charged. These fees and other costs may be deducted from your account balance, from the returns on your investment or from AvSuper s assets as a whole. Other fees, such as activity fees, advice fees for personal advice and insurance fees, may also be charged, but these will depend on the nature of the activity, advice or insurance chosen by you. Taxes and insurance fees and costs deducted from your account AvSuper is run only to profit members, doesn t pay commissions to financial advisers, has strong longterm investment performance, and charges competitive fees. are detailed in another part of this document. You should read all the information about fees and costs because it is important to understand their impact on your investment. Please note that the following is a Consumer Advisory Warning prescribed by the Government and that AvSuper fees are not negotiable as our fees only cover the costs of running the Fund on a profit-for-members basis. Our Member Advice Solution offers personalised advice about your super and insurance needs 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). 19 ASK US for personal advice on Income Streams: when to start what type to start which investment options to choose Insurance 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. If you would like to find out more, or see the impact of the fees based on your own circumstances, the Australian Securities and Investments Commission (ASIC) website (www.moneysmart.gov.au) has a superannuation calculator to help you check out different fee options. Insurance Call for details or visit * Fees may apply for complex advice AvSuper is run only to profit members, doesn t pay any commissions, has a strong long term investment performance, and charges competitive fees.

12 AvSuper Product Disclosure Statement Additional explanation of fees and costs 20 Insurance AvSuper Income Stream fees for members invested in the all investment options Type of fee or cost Amount Who and when paid Investment fee 0.51% Conservative Growth Option, or 0.60% for Stable Growth Option, or taken into account in the calculation of weekly unit prices 0.69% for Balanced Growth Option, or 0.77% for Growth option, or 0.82% for High Growth Option, or 0.12% for Cash Option, or 0.72% for the Australian Shares option, or 0.98% for the International Shares option Administration fee (per IS account) $1.15 per week deducted weekly from your account balance plus 0.23% taken into account in the calculation of weekly unit prices Buy-sell spread Nil N/A Switching fee Nil N/A Exit fee Nil N/A Advice fees relating to all members investing in a particular investment option N/A Advice about AvSuper is included in the Administration Fee Other fees & costs 1 $205 deducted from account during a Family Law Split Indirect cost ratio 0.00% 1 The other fees and costs that may apply are a family law split, personal advice fees (where the advice is not about AvSuper) and insurance fees. Refer to the Additional Explanation of Fees and Costs on page 21. Example of annual fees and costs for AvSuper s Balanced Growth investment option This table gives an example of how fees and costs in the Balanced Growth Investment option can affect your super investment over a one year period. You should use this table to compare this product with other super products. EXAMPLE - the Balanced Growth investment option Balance of $50,000 Investment fees 0.69% For every $ you have in the Balanced Growth option you will be charged $345 each year PLUS Administration fees $59.80 and 0.23% p.a. AND you will be charged $59.80 ($1.15 per week) each year regardless of your balance plus $ Activity fees are only applied to services used by a member. $205 is deducted from the account for a family law split (ie money is withdrawn for a spouse as part of a divorce or separation). See our family law fact sheet for details. 2. Investment fees are included in the indirect cost ratio (as defined on page 22) of each investment option and are reasonable estimates based on the underlying investment manager fees for the year ended 30 June The actual investment management fees may change year to year due to changes in investment managers, asset allocations and other factors. Therefore, the rates specified in the table on page 20 will be periodically reviewed and are subject to change. 3. Insurance fees apply for any insurance cover you may have (refer to page 24). 4. The cost of providing advice about AvSuper accounts, including choosing investment options and contribution strategies, is included within the administration fees. Additional advice may incur additional fees which will be explained to you before the advice is given and are not negotiable. AvSuper advisers do not receive any commissions on advice given. 5. AvSuper engages some investment managers who may be eligible for additional performance fees if they exceed agreed performance targets. Performance fees may result in increased indirect costs being taken into account in the calculation of weekly unit prices. Performance fees (if payable) can not be predicted, therefore the indirect cost ratios shown on page 20 include an estimated (based on the Trustee s reasonable expectations of manager performance for each option) performance fee up to 0.03%. 6. GST payable by the Trustee (less reduced input tax credits and stamp duty) has been included in the fees shown in the table. Other taxes may apply (see page 23). Members receive the benefits of any tax deductions the fund may get. 7. The Trustee has established and will maintain an Operational Risk Financial Requirement (ORFR) reserve to ensure the Trustee maintains adequate financial resources to cover losses arising from significant operational risks and risk events (not otherwise covered). We have set a target funding level for the ORFR reserve and 0.13% is currently deducted. We will advise members if this deduction increases. 8. We may change or add new fees at any time, notifying members at least 30 days before such changes. 21 PLUS indirect costs for Balanced Growth option EQUALS cost of fund 0.00% 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 $519.80* in the Balanced Growth option* * Other fees may apply, such as Family Law Settlements. No exit fees or withdrawal fees apply. Note that costs for being in the Cash and Balanced Growth options (our Income Stream default) would be $ (as indirect costs would drop to $288) Access your savings With an AvSuper Income Stream, you can enjoy the same competitive fees and member benefits as other members - unlike many other funds, we don t charge you more to access your savings in retirement than we charge you to accumulate them while working.

13 AvSuper Product Disclosure Statement Defined Fees Exit fees An exit fee is a fee to recover the costs of disposing of all or part of your interests in AvSuper. 22 Activity fees A fee is an activity fee if: a. the fee relates to costs incurred by the AvSuper trustee that are directly related to an activity of the trustee: i. that is engaged in at the request, or with the consent, of a member; or ii. that relates to a member and is required by law; and b. those costs are not otherwise charged as an administration fee, an investment fee, a buy sell spread, a switching fee, an exit fee, an advice fee or an insurance fee. Administration fees An administration fee is a fee that relates to AvSuper s administration or operation and includes costs incurred by the AvSuper trustee that: a. relate to the administration or operation of the Fund; and b. are not otherwise charged as an investment fee, a buy-sell spread, a switching fee, an exit fee, an activity fee, an advice fee or an insurance fee. Advice fees A fee is an advice fee if: a. the fee relates directly to costs incurred by the AvSuper trustee because of the provision of financial product advice to a member by: i. a trustee of the Fund; or ii. another person acting as an employee of, or under an arrangement with, the AvSuper trustee; and b. those costs are not otherwise charged as an administration fee, an investment fee, a switching fee, an exit fee, an activity fee or an insurance fee. Switching fees A switching fee is a fee to recover the costs of switching all or part of your interest in AvSuper from one class of beneficial interest to another. Tax and Income Streams Different tax rules apply to super and the following information is a general summary only, based on legislation as at the date of this PDS and may change. Note that your beneficiaries (including a reversionary beneficiary) may not get the same tax rules as apply to you. Applicable taxes are generally deducted from your account balance. Special tax rules apply to Departing Australia Super Payments. As there are many variables, personalised advice may help you understand the tax implications of your Income Stream. Lump sum withdrawals (taxable components) Lump sum withdrawals (tax free components) Drawdown payments Tax Offset 60 or over no tax payable Under 60 but at or over preservation age nil on first $195,000pa 1 plus medicare levy for amounts over $195,000 no tax payable until you reach 60 years, any taxable component of your drawdowns may be taxed at your marginal tax rate you may receive a tax offset of 1 on the taxed part of your Income Stream payments if you are between your preservation age and 60 or if you receive the money prior to your preservation age (usually due to disability) 23 Buy-sell spreads A buy-sell spread is a fee to recover transaction costs incurred by the AvSuper trustee in relation to the sale and purchase of AvSuper s assets. For AvSuper members, there is no difference in these costs. Investment earnings Death benefit lump sum Terminal illness no tax payable (for Income Stream earnings) no tax for payments to a dependant; non-dependants may have a tax liability depending on what is included in the payment no tax payable on lump sum payments (when eligible) Insurance Indirect cost ratio The indirect cost ratio (ICR) for an AvSuper investment option, is the ratio of the total of the indirect costs for the investment option, to the total average net assets of the AvSuper Fund attributed to the investment option. Note: A dollar-based fee deducted directly from a member s account is not included in the indirect cost ratio. Investment fees An investment fee is a fee that relates to the investment of the AvSuper s assets and includes: a. fees in payment for the exercise of care and expertise in the investment of those assets (including performance fees); and b. costs incurred by the AvSuper trustee that: i. relate to the investment of AvSuper assets; and ii. are not otherwise charged as an administration fee, a buy-sell spread, a switching fee, an exit fee, an activity fee, an advice fee or an insurance fee. The Trustee applies anti-detriment provisions to eligible lump sum death benefits. This reimburses any contributions tax applied to a deceased member s account balance, calculated in accordance with tax legislation. Legislation authorises AvSuper to collect your Tax File Number (TFN) to be used only for lawful purposes (which may change from time to time) including disclosing the TFN to other super providers unless you request we don t do this. You do not have to give us your TFN but is generally in your best interest as it may have advantages including: You can make contributions to your AvSuper accumulation account (if any) You can be assessed for a co-contribution (if you are under 70 and have a super account) You won t be charged additional tax on income stream payments or concessional contributions to your super account It is easier to keep track of your super and thus get all your retirement savings

14 AvSuper Product Disclosure Statement AvSuper s insurance cover Although none of us wants to face a major injury, disability or death, having insurance cover to protect you or your family is an important financial consideration. AvSuper offers eligible members* competitively priced insurance cover which means you or your dependants could get a lump sum insurance payment and your Income Stream balance if: you die, or you suffer a total and permanent disablement (TPD) In most cases, you are covered 24 hours a day, 7 days a week Transferring other cover to AvSuper You may be able to transfer any existing cover when you rollover all your savings from another fund. If eligible for such a transfer, you can maintain your current type and level of cover (rounded up to a whole number of units) without providing any further health evidence. To transfer your cover, you must already have AvSuper insurance, be or have been eligible for Automatic or Corporate insurance cover, and your old fund must have been an employer default fund for you. AvSuper may accept your transfer even if you have specific restrictions, loadings, conditions or exclusions associated with your old cover. However, these requirements will also apply to your AvSuper cover unless the insurer waives this in writing. 24 Voluntary insurance cover options As an AvSuper Income Stream member, you can apply, and may be eligible, for three types of competitively priced, voluntary insurance cover: voluntary death only cover - whilst under age 70, you can apply for death only cover voluntary death and TPD cover - if under age 70, you can apply for units of death & TPD cover up to a maximum cover of $3 million, including any other AvSuper cover you have Income Protection (IP) cover - if eligible and working at least 15 hours per week, you can get IP cover which may provide a monthly income of up to 7 (plus 10% for super contributions) of your salary if you are unable to work due to disablement. Interim Accident Cover While an application for voluntary insurance cover is being assessed by the insurer, you will be provided with interim accident cover against total disablement or death (as relevant to the cover applied for) caused by violent, external and visible means. Fixed cover If you choose fixed voluntary cover please note that your TPD tapers by 20% per year from your 61st birthday until cover ceases when you turn 70. For fees and other details on your fixed cover, please refer to our website. Terminal illness Members with a terminal illness, even if still working, may be eligible for a tax free super death payment. Reinstatement of cover You can end your voluntary cover at any time and reapply for it later. However, you would need to satisfy health and policy conditions at the time of applying acceptance, fees and cover level may not be the same as your previous cover. If your cover ceased because you were ineligible for cover, you will need to make a new application for cover which may or may not be accepted. This includes cover ceasing because you couldn t pay fees. 25 The amount of interim accident cover provided is equal to the amount being assessed (up to $1,500,000) and commences on the date your application is received by the insurer. It ends on the earliest of 90 days after the insurer receives the application, when the cover is accepted or when the insurer notifies us cover will be accepted or rejected. So how much insurance cover is enough? Continuation of previous AvSuper cover When starting an AvSuper Income Stream, you may continue any death, TPD and income protection cover* you have as an AvSuper member. If you close an accumulation account to start your Income Stream, any associated cover will automatically transfer to your Income Stream. Voluntary insurance fees for a light blue collar occupation will apply unless you notify us of your occupation class #. The voluntary (including Automatic) insurance cover conditions and fees remain the same as when your insurance was part of your super account but may vary from any Corporate insurance Cover you had. This depends on your personal circumstances. You might like to review your insurance cover every few years, or when major events such as a retirement or marriage occur, so that your insurance cover continues to suit your needs over time. Some factors that may influence your decision are: the financial needs of your family, should something happen to you your current financial position and age your changing living costs as your family changes any changing working ability of your partner * Age restrictions apply # Occupational classifications (as described on our website) are determined by the insurer based on employment and lifestyle information you provide

15 AvSuper Product Disclosure Statement 26 General insurance information AvSuper cover ends if your account balance falls below $1,200, you reach age limits, you commence active duty with any armed forces, you choose to end it, you leave AvSuper or you become eligible for a death or TPD payment. If you are overseas on holiday or for business, your insurance cover can continue for up to six months while you are outside Australia (unless otherwise agreed by the insurer in writing). You should note that the availability and the amount of your cover may be affected if: the disablement or death is deliberately caused or aggravated you fail to undergo tests or treatment you fail to provide information there is a war or invasion involving Australia, or the country of your residence (whether declared or not) Applying for voluntary insurance cover is easy! Insurance application and adjustment forms are on our website. Or you can apply via Member Online - often with immediate approval! You may need to provide health evidence, and of course an ongoing duty of disclosure applies to all AvSuper insurance (see our website for the full disclosure requirements). Insurance cover fees There are costs associated with insurance cover, which you are responsible for paying by way of a weekly deduction from your account. Fees for our insurance are based on the type and amount of cover you have and your age and occupation class. Tax rebates received by AvSuper are applied before you pay the fees. The Trustee cannot guarantee the fees will not vary, but we ll advise you of any changes. Cover is generally provided on a fixed fee basis but you can select fixed cover instead. Refer to our insurance guide for details. What is a Total & Permanent Disablement? If you are under 70 and working 15 hours a week or more within the six months prior to suffering an injury or illness then as a result of that injury or illness, you will be considered totally and permanently disabled if you meet one or more of the following conditions: 1. are unable to work for three consecutive months; and determined by us at the end of that three month period, to be unlikely to ever resume your previous occupation or any other occupation^ 2. suffer a permanent impairment of at least 2 of whole person function and are unlikely to ever resume an occupation 3. suffer the permanent loss of the use of two limbs or the sight in both eyes, or one limb and the sight in one eye and are unlikely to ever resume an occupation 4. suffer cognitive loss* and are unlikely to perform any other occupation in the future 5. are totally and irreversibly unable to perform two Activities of Daily Living # without the assistance of someone else for at least three consecutive months, are unlikely to ever do so again, and are under the regular care of a doctor for the illness or injury. If you are working less than 15 hours per week (including not working at all) or are working as a pilot within the six months prior to suffering an injury or illness, you must satisfy definitions 3, 4 or 5 in the above list. What is a Total Disability? If you have income protection cover, Total Disability means, solely as a result of injury or illness, for two years you are incapable of performing one or more duties of your usual occupation necessary to produce income, and following the advice of a qualified medical practitioner, and not engaged in any occupation (whether for reward or not). Beyond two years, you must be unable to perform duties of your occupation or any other occupation for which you are reasonably capable of performing by reason of education, training or experience. 27 Fees for our insurance cover, including income protection, are on our website. As a guide, a 60 year old with a light-blue-collar occupation classification would pay $1.50 per week for our Automatic $5,500 death and TPD cover. If you are classed as a heavy blue collar worker, to maintain a claim beyond five years, you must be unable to perform at least two Activities of Daily Living # without the assistance of someone else. You should read about eligibility, fees, occupation classes, conditions and exclusions before making a decision about AvSuper Insurance and how it fits your needs. Go to /insguide.pdf and /insfees. Claiming an insurance payment AvSuper must be advised in writing of any insurance claim as soon as it is reasonably possible for you to do so. Acceptance of any claim is subject to the terms and conditions of AvSuper s insurance policy including eligibility criteria (e.g. for TPD you must satisfy the definition of total and permanent disablement). Exclusions can apply and the Trustee can only pay out insurance claims if permitted by the Trust Deed and relevant legislation. Please contact us for details if you are considering making a claim. * Cognitive loss means a total and permanent deterioration or loss of intellectual capacity which requires you to be under the continuous care and supervision by another adult person for at least three consecutive months and at the end of that three month period, you are likely to require permanent ongoing continuous care and supervision by another adult. ^ Any occupation you may be reasonably suited to by your education, training or experience. # Activities of Daily Living are bathing, dressing, feeding, toileting and mobility (using a chair or bed).

16 28 AvSuper Product Disclosure Statement Other things you should know What if I change my mind after applying? To be sure you are happy with AvSuper, there is a 14 day cooling off period during which you can cancel your Income Stream. If you change your mind about starting this Income Stream, no membership fees will be deducted but taxes and investment returns may affect the balance we refund to you or transfer to your nominated accumulation account we can t give it to you as cash if preservation rules still apply. The cooling off period starts when we tell you we have accepted your application or five days after we accept it (whichever is sooner). One you have accepted an Income Stream drawdown, cooling off no longer applies. Information on request Various documents relating to the management of AvSuper such as the Trust Deed, the latest annual accounts and the auditor s report are available on our website or by writing to us for a printed copy. You may have more super than you think With your TFN we can search for and transfer any lost super you may have into your accumulation account. You can request this via the erollover page in Member Online. Enquiries and Complaints Please contact AvSuper if you have any enquiries our contact details are listed on the back cover. In most cases, enquiries can be answered over the phone. Responses to written enquiries will generally be provided within 5 days. 1. We work hard to help with your super, but if you have any complaints or concerns please contact us on or 2. If our discussions or suggestions don t satisfy you, you can write to Complaints Officer, AvSuper, GPO Box 367, Canberra, ACT 2601 or We will get back to you with a decision as soon as possible. 3. If your complaint is unanswered or not resolved to your satisfaction within 90 days, you may then have the right to refer the matter to the Superannuation Complaints Tribunal. They can be contacted on Do we have your address? As a profit-for-members super fund, reducing our printing and mail costs directly benefits you. And it can help to reduce environmental impact. You can provide or update your address via Member Online or by calling us. Remember your annual financial check up AvSuper Income Stream check ups are part of your membership - there are no additional charges! While having an Income Stream means we will look after the everyday management and distribution of your Income Stream money, it s still prudent for you to review and monitor it after all, it s your money and your retirement! So just like you have regular health checks, we recommend you have regular check ups of your finances. An annual appointment with one of our Member Advice Consultants is a great way to keep your Income Stream on track. Transfer your old super You can also transfer any old super you have into your AvSuper accumulation account. Remember it s free to open an AvSuper account once you ve read the relevant PDS. Combining your old super within your AvSuper account can mean more money for your retirement - not for paying multiple fees! Transferring your old super is easy and AvSuper does not charge you to rollover. You may even be able to transfer any related insurance cover to AvSuper as well (see page 25 for conditions). To transfer your old super to your AvSuper accumulation account, simply log into Member Online and fill in an erollover request. Or you could complete a Request to roll in whole balance from another super fund form (one form for each old super account/fund) and send it to us. Either way, we ll take care of it for you. Some super funds charge exit fees and/or sell spreads, so you should think about whether rolling over is right for you. Remember to check any benefits you may lose by rolling over and consider getting financial advice. Please note that your old fund may require proof of identity be provided.

17 AvSuper s Member Advice Solution > Want to access your super while still working? > Thinking about your investment choices? > Unsure about how to start an Income Stream? > Not sure about your drawdown strategy? AvSuper s Member Advice Solution can answer these questions, and more, so book your appointment* today! Call for details or visit Contact Us Phone: or Fax: Post: AvSuper, GPO Box 367, Canberra ACT 2601 facebook.com/avsuper twitter.com/aviationsuper P * Fees may apply for complex advice

18 retirement income stream application Complete this form if you would like to open an AvSuper Income Stream account, having read the AvSuper Income Stream Product Disclosure Statement. For help in completing this form, call AvSuper on or Note that questions with an * in the heading must be completed. Please send your completed form and attached Tax file number declaration form (not required for those aged 60 and over), together with the required identification, to AvSuper Admin, GPO Box 5134, Sydney, NSW PLEASE NOTE: We cannot make superannuation payments (including income stream drawdowns) without confirming your identity - please refer to Attachment A for details. Failure to provide the documentation will delay payment. Due to the identity requirements, faxed and ed copies of this form cannot be accepted. Personal details * Surname Mr/Mrs/Ms/Miss nnnnnnnnnnnnnnnnnnnnnnnnnnnn nnnnnnnnn Given names nnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnn Address nnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnn Suburb State Postcode nnnnnnnnnnnnnnnnnnn nnnnnnnn nnnnnnnnn Telephone nnnnnnnnn nnnnnnnnnnnnnnnnnnnnnnnnnnnn AvSuper member number (if an existing member) Date of birth nnnnnnnnnnnnnnnnnnnnnnnnnnnn nnnnnnnnn Transfer details * n n I wish to open an income stream and am eligible to do so under Australian law (see avsuper.com.au for details). OR I wish to open a transition to retirement income stream. I have reached my preservation age. You can only start an income stream with existing superannuation money and a minimum balance of $20,000. Once commenced, you cannot add money to your income stream. Therefore, if you are rolling money in from a number of super funds, we suggest consolidating them into an AvSuper super account first. n I wish to transfer $ nnnnnnnnn /entire balance** from my AvSuper account AND / OR n I wish to transfer $ nnnnnnnnn from nnnnnnnnnnnnnnnnnn * * You will need to arrange the rollover (transfer) from your other fund (via Member Online or a roll into AvSuper form from our website) as well as completing this form. ** If transferring your entire AvSuper balance, any associated insurance will also be transferred to your Income Stream Investment choice You can choose from eight professionally managed investment options (as described in the AvSuper member investment choice guide) for your retirement savings. If you do not make a choice your money will be invested in the Balanced Growth (80%) and Cash (20%) options by default. Please complete the following table to make a choice: Cash Conservative growth Stable growth Balanced growth Growth High growth Australian Shares You can change your choice later via Member Online or sending us a completed Nominate or switch income stream investment options form. International Shares TOTAL nnnnn 100 % AFSL No ABN (Fund) ABN (Trustee) Page 1 of 2 F

19 Tax file number (TFN) Under the Superannuation Industry (Supervision) Act 1993, AvSuper is authorised to collect your TFN, which will only be used for lawful purposes. These purposes may change as a result of legislative change. The AvSuper Trustee may disclose your TFN to another superannuation provider, when your benefits are being transferred, unless you request the AvSuper Trustee in writing that your TFN not be disclosed to any other superannuation provider. It is not an offence not to quote your TFN. However, if you don t provide your TFN: we cannot accept personal, spouse or other non-concessional contributions for you; employer contributions and any salary sacrifice contributions could be taxed at the highest marginal tax rate plus Medicare levy super you withdraw may be subject to the highest marginal tax rate plus the Medicare levy (immediately or as part of your tax return), and it may be difficult to find and consolidate other super accounts you may have. My Tax File Number is: n n n n n n n n n I consent to my TFN being used to search the ATO database for other super accounts I may have. n Yes n No Income details * At least one annual payment must be made. Your income payments can be reviewed up to four times each financial year. Select amount of annual income payment: n n n Minimum (as defined under super law - please see our website for details) Other must be above the minimum. Please specify dollar amount $ nnnnnnn per payment (gross). Maximum (10% of balance for transition to retirement members; account balance for other members) I wish to be paid n monthly n quarterly n 6 monthly n annually. Insurance You may be eligible for insurance cover. Please read the AvSuper Income Stream PDS and/or AvSuper member insurance guide for details before completing the Voluntary insurance application or applying online. I want my income stream paid from the n n same proportions as my investment choice OR following proportions (must total 100%) Cash Conservative growth Stable growth Balanced growth Growth High growth Australian Shares International Shares TOTAL nnnnn 100 % Payment details * Name and address of bank/building society/credit union nnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnn Account name BSB number Account number nnnnnnnnnnnnnnnnnnn nnnnnnnn nnnnnnnnn Nomination of Beneficiaries (Nomination is optional) You can nominate your dependant to receive your money if you die. A reversionary nomination is binding on the Trustee but will not prevent your dependant from commuting (changing) the income stream to a lump sum. You can use our income stream reversionary nomination form to make or change your nomination later. Name of reversionary beneficiary Relationship Date of birth nnnnnnnnnnnnnnnnnnn nnnnnnnn nnnnnnnnn Address nnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnn Alternatively, you can make a non-binding nomination to help the Trustee decide who gets your money if you die. If you do not have any dependants (as defined in legislation and on our website), your benefit will be paid to your legal personal representative. You can update your non-binding nomination at any time via Member Online at or by completing a Nomination of beneficiaries form. Name Address Relationship % nnnnnnnnn nnnnnnnnnnnnnnnnnn nnnnnn nn nnnnnnnnn nnnnnnnnnnnnnnnnnn nnnnnn nn To make a legally binding nomination of beneficiaries, send us a witnessed, complete Nomination of beneficiaries form (available from our website). TOTAL 100% Declaration * I am applying to open an AvSuper Income Stream account and agree to be bound by the Trust Deed and rules of the Fund. I have received and read the privacy notice and A guide to AvSuper s Income Streams. I received professional financial advice before completing this form, or chose not to although I could have done so. I understand that unless I have made an investment choice, my money will be invested in the Balanced Growth and Cash investment options (with my income stream payments paid from the Cash option) but I can change this at any time. I am an Australian resident or citizen and otherwise eligible under Superannuation Industry Supervision Regulations Member s signature Date nnnnnnnnn AFSL No ABN (Fund) ABN (Trustee) Page 2 of 2 F

20 attachment A Proof of identity is not required if you have provided proof within the last 3 years and those documents have not yet expired. Completing proof of identity You will need to provide documentation with this form to prove you are the person to whom the super entitlements belong. The following documents may be used. EITHER One of the following documents only: Driver s licence with photograph issued under State or Territory law. Passport issued by the Commonwealth. Card issued with photograph for the purpose of providing a person s age issued under a State or Territory law. One of the following documents: Birth certificate or birth extract. Citizenship certificate issued by the Commonwealth. Pension card issued by Centrelink that entitles the person to financial benefits. OR One of the following documents: Notice issued to you by Centrelink regarding a Government assistance payment. Notice issued to you by Commonwealth, State or Territory Government or local council within the last 12 AND months with your name and your residential address - such as a tax office assessment notice or a council rates notice. AvSuper for a smooth landing in retirement As you head into retirement, we can manage your hard earned retirement savings while you live and enjoy your life. An AvSuper income stream Has the same low fees as your super account Offers member investment choice Makes withdrawals easy Call or visit our website today! Have you changed your name or are you signing on behalf of another person? If you have changed your name or are signing on behalf of another applicant, you will need to provide a linking document to prove a relationship exists between two (or more) names. The following are suitable linking documents: Purpose Change of name Signed on behalf of the applicant Suitable linking documents Marriage certificate, deed poll or change of name certificate from the Births, Deaths and Marriages Registration Office. Guardianship papers or Power of Attorney. Certification of personal documents All copied pages of ORIGINAL proof of identification documents (including any linking documents) need to be certified as true copies by any individual approved to do so (see below). The person authorised to certify documents must sight the original and the copy to make sure the documents are identical, then certify all pages as true copies by writing or stamping certified true copy followed by their signature, printed name, qualification (e.g. Justice of the Peace, Australia Post employee, etc) and date. The following can certify copies of the originals as true and correct copies : An officer with, or authorised representative of, a holder of an Australian Financial Services Licence, having 2 or more continuous years of service with one or more licensees NOTE: Most AvSuper staff meet this requirement so we can assist you with certifying copies of original documents in our Canberra office or when we visit other locations. A person enrolled on the roll of the Supreme Court of a State or Territory or the High Court of Australia as a legal practitioner A judge or magistrate of a court A police officer Certain medical practitioners including a pharmacist, dentist, nurse, psychologist and optometrist A member of State, Territory, Local or Federal Government A teacher employed full-time by a school or tertiary education institution An agent or permanent employee of the Australian Postal Corporation with 2 or more years of continuous service in an office supplying postal services to the public A finance company officer with 5 or more continuous years of service with one or more finance companies (for the purposes of the Statutory Declaration Regulations 1993) A member of the Institute of Chartered Accountants in Australia, CPA Australia or the National Institute of Accountants with 2 or more years of continuous membership The Statutory Declaration Regulations (1993, schedule 2) lists all qualifications currently accepted for certification of documents AFSL No ABN (Fund) ABN (Trustee) Page 1 of

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Challenger Guaranteed Annuity (Liquid Lifetime)

Challenger Guaranteed Annuity (Liquid Lifetime) Challenger Guaranteed Annuity (Liquid Lifetime) Product Disclosure Statement (PDS) Dated 27 October 2014 Challenger Guaranteed Annuity (SPIN CHG0005AU) Issuer Challenger Life Company Limited (ABN 44 072

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

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

Issued by T.I.S. Pty Ltd ABN 73 065 319 735 AFSL 247249

Issued by T.I.S. Pty Ltd ABN 73 065 319 735 AFSL 247249 The Transport Industry Superannuation Fund Insurance Guide Prepared and issued 1 July 2014 Issued by T.I.S. Pty Ltd ABN 73 065 319 735 AFSL 247249. This information in this guide forms part of the Product

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

Challenger Guaranteed Income Fund (For IDPS investors)

Challenger Guaranteed Income Fund (For IDPS investors) Guaranteed Income Fund (For IDPS investors) Product Disclosure Statement (PDS) Dated 27 April 2012 Challenger (ARSN 139 607 122) Responsible Entity Challenger Retirement and Investment Services Limited

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

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

Australian Equities Index Fund

Australian Equities Index Fund Contents Page 1. About netwealth 2 2. How the Fund works 2 3. Benefits of investing in the Fund 4 4. Risks of managed investment schemes 4 5. How we invest your money 5 6. Fees and costs 6 7. How managed

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

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

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

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

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

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

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

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

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

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

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

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

Challenger Guaranteed Annuity

Challenger Guaranteed Annuity Challenger Guaranteed Annuity Product Disclosure Statement (PDS) Dated 13 June 2014 Challenger Guaranteed Annuity (SPIN CHG0005AU) Issuer Challenger Life Company Limited (ABN 44 072 486 938) (AFSL 234670)

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

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

BT Lifetime Personal Super (BT Super)

BT Lifetime Personal Super (BT Super) BT Lifetime Personal Super (BT Super) Additional Information Booklet Part 1 General Information Dated 1 July 2014 Things you should know The information in this document forms part of the Product Disclosure

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

Current as at 1 July 2014 Adviser use only. Technical guide: Challenger Lifetime and Term Annuities

Current as at 1 July 2014 Adviser use only. Technical guide: Challenger Lifetime and Term Annuities Current as at 1 July 2014 Adviser use only Technical guide: Challenger Lifetime and Term Annuities Table of contents Introduction 1 Challenger Lifetime Annuities 2 Product features 3 Centrelink treatment

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

Workforce Superannuation. Product Guide

Workforce Superannuation. Product Guide Workforce Superannuation Product Guide Issued 31 December 2013 Contents Welcome to Workforce Superannuation 1 Product Summary 2 Contributions 4 Managing your account 7 Accessing your benefits 10 How we

More information

Asgard Elements Super/Pension

Asgard Elements Super/Pension Asgard Elements Super/Pension Updating the information in the Supplementary Product Disclosure Statement (SPDS) and Product Disclosure Statement (PDS) This update, dated 1 July 2015, relates to the Asgard

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

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

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

ewrap Super/Pension Additional Information Booklet

ewrap Super/Pension Additional Information Booklet ewrap Super/Pension Additional Information Booklet Issue date: 24 November 2014 This ewrap Super/Pension Additional Information Booklet (this Booklet) has been prepared by the trustee of ewrap Super/Pension:

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

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

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

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

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

Telstra Super Personal Plus Application Please complete this application form to open a Telstra Super Personal Plus account.

Telstra Super Personal Plus Application Please complete this application form to open a Telstra Super Personal Plus account. Telstra Super Personal Plus Application Please complete this application form to open a Telstra Super Personal Plus account. RED SECTIONS FOR YOUR INFORMATION GREY SECTIONS TO FILL OUT INVESTMENT CHOICE

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

EQT Australian Equity Income Fund (Common Fund No. 12)

EQT Australian Equity Income Fund (Common Fund No. 12) EQT Australian Equity Income Fund (Common Fund No. 12) Product Disclosure Statement mfund EQY02 ARSN 167 772 830 APIR ETL0399AU Issue Date 1 July 2014 This Product Disclosure Statement ( PDS ) has been

More information

Getting to know your AMP Flexible Super

Getting to know your AMP Flexible Super Issued ₁ July ₂₀₁₅ Getting to know your AMP Flexible Super Fact sheet Registered trademark of AMP Limited ABN 49 79 354 519 This is a fact sheet for AMP Flexible Super. The AMP Flexible Super fact sheets

More information

ANZ OneAnswer. Investment Portfolio. Incorporated Material

ANZ OneAnswer. Investment Portfolio. Incorporated Material ANZ OneAnswer Investment Portfolio Incorporated Material 5 May 2008 How do I read this Incorporated Material? This Incorporated Material provides further information and/or specific terms and conditions

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

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

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

EQT Diversified Fixed Income Fund

EQT Diversified Fixed Income Fund EQT Diversified Fixed Income Fund Product Disclosure Statement ARSN 601 989 815 APIR ETL0420AU Issue Date 10 August 2015 This Product Disclosure Statement ( PDS ) has been prepared and issued by Equity

More information

MLC MasterKey Unit Trust Product Disclosure Statement (PDS)

MLC MasterKey Unit Trust Product Disclosure Statement (PDS) MLC MasterKey Unit Trust Product Disclosure Statement (PDS) Preparation date 1 July 2014 Issued by MLC Investments Limited (MLC) ABN 30 002 641 661 AFSL 230705 This information is general and doesn t take

More information

Product Disclosure Statement (PDS) Issued 12 September 2014

Product Disclosure Statement (PDS) Issued 12 September 2014 Product Disclosure Statement (PDS) Issued 12 September 2014 Nikko AM-Tyndall Australian Share Wholesale Fund Contents 1 About Nikko Asset Management Australia Limited 2 How the Nikko AM-Tyndall Australian

More information

ADDITIONAL DESCRIPTION DATE INSURANCE GUIDE FOR EMPLOYERS AND THEIR EMPLOYEES 25 MAY 2015. Tailored Employer Plans

ADDITIONAL DESCRIPTION DATE INSURANCE GUIDE FOR EMPLOYERS AND THEIR EMPLOYEES 25 MAY 2015. Tailored Employer Plans ANZ Smart Headline Choice goes Super here ADDITIONAL DESCRIPTION DATE INSURANCE GUIDE FOR EMPLOYERS AND THEIR EMPLOYEES 25 MAY 2015 Tailored Employer Plans Legal entity referred to in this Guide Name of

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

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

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

Bendigo Conservative Index Fund

Bendigo Conservative Index Fund Bendigo Conservative Index Fund Product Disclosure Statement Dated 1 January 2016 This Product Disclosure Statement (PDS or Statement) is issued by Sandhurst Trustees Limited (ABN 16 004 030 737, AFSL

More information

ANZ Super Advantage INSurANce GuIde

ANZ Super Advantage INSurANce GuIde ANZ Super Advantage Insurance Guide 27 February 2012 ANZ Super Advantage Entity details in this Insurance Guide Name of legal entity Registered numbers Abbreviated terms used throughout this Guide OnePath

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

Sunsuper for life Investment guide

Sunsuper for life Investment guide Sunsuper for life Investment guide Identify your investor needs Learn more about Sunsuper's investment options Choose your super investment Preparation date: 9 June 2015 Issue date: 1 July 2015 How we

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

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

Superannuation death benefits

Superannuation death benefits Last updated: 7 September 2010 Last updated: 1 January 2011 Superannuation death benefits This TapIn Guide looks at the key tax issues relating to superannuation death benefits paid from a complying superannuation

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

protecting you and your family

protecting you and your family protecting you and your family Insurance guide Effective 1 July 2015 Issued by CSF Pty Limited ABN 30 006 169 286, AFSL 246664, Trustee of the MyLifeMyMoney Superannuation Fund ABN 50 237 896 957 mylifemyinsurance.com.au

More information

Zurich Super Estate Management

Zurich Super Estate Management Zurich Super Estate Management Binding Nominations The Trustee of the Zurich Master Superannuation Fund is Zurich Australian Superannuation Pty Limited ABN 78 000 880 553, AFSL 253 500, RSE Licence No.

More information

Zurich Investments Global Growth Share Fund APIR ZUR0580AU

Zurich Investments Global Growth Share Fund APIR ZUR0580AU Zurich Investments Global Growth Share Fund APIR ZUR0580AU Product Disclosure Statement (PDS) Preparation date 22 June 2012 Strategic investment partner: American Century Investments 1. About Zurich Investments

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

T. Rowe Price Wholesale Plus Global Equity Fund

T. Rowe Price Wholesale Plus Global Equity Fund T. Rowe Price Wholesale Plus Global Equity Fund Product Disclosure Statement ( PDS ) Issued 10 August 2015 ARSN 602 109 357 APIR BTA0538AU Contents 1. About BT Funds Management Limited 2 2. How the Fund

More information

WA Super Member Guide

WA Super Member Guide MY SUPER APPROVED D uper OVED WA Super Member Guide The information in this document forms part of the WA Super Product Disclosure Statement, November 2013 You should read the PDS in conjunction with this

More information

State Street Global Equity Fund ARSN 162 547 784 APIR SST0050AU

State Street Global Equity Fund ARSN 162 547 784 APIR SST0050AU Product Disclosure Statement State Street Global Equity Fund ARSN 162 547 784 APIR SST0050AU Issued 6 October 2015 by State Street Global Advisors, Australia Services Limited ABN 16 108 671 441, AFSL 274900

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

FIRSTCHOICE WHOLESALE PERSONAL SUPER AND PENSION

FIRSTCHOICE WHOLESALE PERSONAL SUPER AND PENSION FIRSTCHOICE WHOLESALE PERSONAL SUPER AND PENSION Product Disclosure Statement This is a combined Financial Services Guide and Product Disclosure Statement Issue No 2015/1, dated 18 May 2015 Colonial First

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

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

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

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

Issued ₁ July ₂₀₁₅. AMP Growth Bond. Product disclosure statement. This document is issued by AMP Life Limited ABN 84 079 300 379, AFSL No. 233671.

Issued ₁ July ₂₀₁₅. AMP Growth Bond. Product disclosure statement. This document is issued by AMP Life Limited ABN 84 079 300 379, AFSL No. 233671. Issued ₁ July ₂₀₁₅ AMP Growth Bond Product disclosure statement This document is issued by AMP Life Limited ABN 84 079 300 379, AFSL No. 233671. Contents About the AMP Growth Bond Features at a glance

More information