1 ANZ Smart Choice Super ADDITIONAL INFORMATION GUIDE EMPLOYERS AND THEIR EMPLOYEES 25 MAY 2015
2 Entity details in this Additional Information Guide (AIG) Name of Legal Entity Registered numbers Abbreviated terms used throughout this Additional Information Guide OnePath MasterFund OnePath Custodians Pty Limited ABN , RSE R , SFN ABN , AFSL , RSE L Fund OnePath Custodians, Trustee, us, we, our OnePath Life Limited ABN , AFSL OnePath Life, the Insurer Australia and New Zealand Banking Group Limited ABN , AFSL ANZ Unique Superannuation Identifier (USI): ANZ Smart Choice Super MMF2076AU MySuper Product Unique Identifier: ANZ Smart Choice Super Important information When an employer joins ANZ Smart Choice Super their nominated employees become members of the Fund. OnePath Custodians is the Trustee of the Fund and is the issuer of the PDS (including the ANZ Smart Choice Super Additional Information Guide and Insurance Guide(s)). The issuer is a wholly-owned subsidiary of ANZ, but is not an authorised deposit taking institution (Bank) under the Banking Act 1959 (Cth). Except as described in the PDS or this AIG, the product is not a deposit or other liability of ANZ or its related companies and none of them stands behind or guarantees the issuer or the capital or performance of the product. An investment in ANZ Smart Choice Super is subject to investment risk, including possible repayment delays and loss of income and principal invested. The Fund is governed by a Trust Deed. Together with superannuation law, the Fund s Trust Deed sets out the rules and procedures under which the Fund operates and the Trustee s duties and obligations. If there is any inconsistency between the Trust Deed, the PDS, which includes this Additional Information Guide, the terms of the Trust Deed prevail. A copy of the Trust Deed is available free of charge by contacting Customer Services. The Trustee invests all contributions under master life policy terms issued by OnePath Life which then invests in selected investment funds. The master life policy terms are governed by the Life Insurance Act OnePath Life is required to conduct its business in accordance with the law and give priority to the interests of policy holders, invest all of the assets it receives from the Trustee in statutory funds and comply with the prescribed capital and solvency standards. OnePath Life is also the administrator of the Fund. The Trustee reserves the right to change insurer(s), or vary the benefits or premium rates from time to time. The Trustee relies on a number of third parties for the provision of specialist services in respect of the Fund. The Trustee is responsible for the contents of the PDS and this AIG. Each third party has provided its consent to be named but has not made any statement in the PDS. No consents have been withdrawn at the time of preparation of the PDS. Subject to relevant law, the Trustee reserves the right to refuse any application, transaction or instruction, and will generally do so where the Trustee deems such application, transaction or instruction not to be in the interest of all investors of the Fund. ANZ Global Wealth ANZ Global Wealth is a specialist division of Australia and New Zealand Banking Group Limited. ANZ is one of the leading banks here in Australia and overseas. ANZ operates in 33 markets globally with representation in Australia, New Zealand, Asia Pacific, Europe, America and the Middle East. ANZ provides products and services to more than eight million retail customers worldwide and employs over 47,000 people. ANZ aims to become a super regional bank. This involves growing in the Asia Pacific region while also remaining very focused on the business and opportunities that exist in Australia and New Zealand. ANZ Global Wealth is responsible for delivering investment, superannuation, insurance and advice solutions, as well as private banking services to 2.6 million customers across Australia, New Zealand and Asia. ANZ has a strong involvement in the community, leading the way with programs targeting financial literacy, indigenous inclusion, the environment, volunteering and sponsorship.
3 About this Additional Information Guide This Additional Information Guide is issued by OnePath Custodians Pty Limited (ABN , AFSL , RSE L ) and consists of two parts: The Incorporated Material which contains more information and/or specific terms and conditions referred to in the Product Disclosure Statement (PDS) dated for ANZ Smart Choice Super. The information in this part forms part of the PDS; and The Referenced Material which contains additional information about ANZ Smart Choice Super. The information in this part does not form part of the PDS. You can access a copy of the PDS, this Additional Information Guide, the Insurance Guide(s) and any other matter in writing that is applied, adopted or incorporated by the PDS by visiting anz.com/smartchoicesuper. Alternatively, you can request a copy of this information free of charge by contacting Customer Services. The information provided in this Additional Information Guide is general information only and does not take into account your personal objectives, financial situation or needs. You should consider the appropriateness of the information having regard to your objectives, financial situation and needs before acting on this information. You should obtain financial advice tailored to your personal circumstances. You should also obtain a copy of the PDS relating to ANZ Smart Choice Super and consider it before making any decision to acquire the product. 2 3 Contents Incorporated Material 1. How super works 4 Contributing to super 4 Withdrawals from super 4 Contributions into your super account 4 How can you contribute more to your super? 6 Round up your super 8 Choice of super 8 Accessing your super 8 How does ANZ Smart Choice Pension work? 10 Nominating a beneficiary Benefits of investing with ANZ Smart Choice Super Risks of super 12 What risks should I be aware of? 12 Risks associated with particular investment strategies How we invest your money 15 Lifestage investment options 15 Choose your own investment mix 16 Investment option profiles 17 Lifestage investment option profiles 18 Choose your own investment option profiles diversified risk based 21 Choose your own investment option profiles single sector options 27 Investment manager profiles Choose your own investments 45 s Fees and costs How super is taxed Electronic rollover request conditions 61 Referenced Material 61
4 Incorporated Material The information in this Incorporated Material Document forms part of the PDS issued on for ANZ Smart Choice Super. Its purpose is to give you more information and/or specific terms and conditions referred to in the PDS. You should consider all that information before making a decision about ANZ Smart Choice Super. 1. How super works Super is a tax effective long-term savings plan that enables you to save and invest for your retirement. Contributing to super While you are working, your employer is, in most cases, required to make contributions into your super account (known as compulsory super or the Superannuation Guarantee). Generally, you have the right to choose the super fund to which contributions, including employer contributions are made. You or your spouse can also make voluntary contributions to your super account (subject to eligibility), either before tax through a salary sacrifice arrangement, or from your after-tax income. If you do make a voluntary after tax-contribution, and your income is below a certain level, you may qualify for a Government contribution. The Federal Government provides tax concessions and incentives for you to contribute towards your super. However, there are limitations on contributions to super. Withdrawals from super When you reach age 65, or preservation age (55 60 depending on your date of birth) and have retired, you can access your super savings as a lump sum or as a regular income stream through a pension account. If you have reached preservation age but have not retired, you can still receive a regular income stream from your super savings by commencing a transition to retirement (TTR) pension. There may be other circumstances when you can access your super. Contributions into your super account Who can make contributions? The following table outlines the rules relating to who can make super contributions. Your age Under 65 At least 65 but under 70 Who can contribute You, your spouse and your employer You, your spouse and your employer, provided you meet the work test * Even if you do not meet the work test * your employer can still make mandated employer contributions #. At least 70 but under 75 You and your employer provided you meet the work test *. Even if you do not meet the work test * your employer can still make mandated employer contributions #. 75 and over Your employer may make mandated employer contributions #. * Work test means you have been gainfully employed^ for at least 40 hours in a period of not more than 30 consecutive days in the financial year in which the contribution is made. # Mandated employer contributions are contributions that: reduce an employer s potential liability for the Superannuation Guarantee charge, or are a payment of a shortfall component, or are a contribution to satisfy the employer s obligation under an agreement certified, or award made, on or after 1 July 1986 by an industrial authority. Personal and employer contributions may be accepted on or before the 28th day of the month following that in which you turn 75 if you were in gainful employment^ for at least 40 hours during any 30 consecutive day period in the financial year that the contribution was made. ^ Gainful employment means being employed or self-employed for gain or reward in any business, trade, profession, vocation, calling, occupation or employment.
5 What type of contributions can be made into your super account? The table below provides details about the types of contributions that can be made. 4 5 Contribution type Employer What is this contribution? Your employer may make contributions for you including superannuation guarantee, employer additional and salary sacrifice contributions. Salary sacrifice is an arrangement between you and your employer where your employer makes a contribution to your superannuation account instead of making an equivalent before tax payment as salary to you. An employer additional contribution occurs when your employer makes a contribution greater than the Superannuation Guarantee that is not part of a salary sacrifice arrangement. Personal You may decide to make regular or lump sum contributions. Personal contributions are member contributions made by you or on your behalf, and include payments from: foreign superannuation funds eligible proceeds that relate to Capital Gains Tax (CGT) small business concessions, known as CGT cap contributions payments that relate to structured settlements or court orders relating to personal injury personal deductible contributions where you may be entitled to a tax deduction for your personal contributions. Government co-contribution Government low income superannuation contribution Spouse Self-employed If you are eligible, any personal contributions you make, may attract a government co contribution (conditions apply, see below). You can contact the Australian Taxation Office (ATO) on if you think you may be eligible. A government contribution of up to $500 is payable for persons with adjusted taxable income* of up to $37,000 (non-indexed) (conditions apply). This contribution effectively offsets the tax (up to $500) on concessional contributions. Your spouse may make a contribution for you. This must be made from after-tax money and will be treated as a non-concessional contribution. Your spouse may be eligible for a tax offset of up to $540 when making a spouse contribution. If you are self-employed you can make contributions to super for yourself. Your contributions may be tax deductible. * Adjusted taxable income for this purpose includes taxable income, reportable employer superannuation contributions, personal deductible contributions, adjusted fringe benefits, target foreign income, total net investment losses, government tax free pensions/benefits less child maintenance support you have paid. Your spouse includes a person (same or different sex) who, although not legally married to you, lives with you on a genuine domestic basis in a relationship as a couple. It generally does not include a person who lives separately and apart from you on a permanent basis. Rollovers These include benefits transferred from another super or rollover fund that may be done as part of setting up a new super or pension account, or when adding to an existing super account. Government co-contributions The government co-contribution details for the 2014/2015 and 2015/2016 financial year are shown below: 2014/ /2016 Maximum co-contribution $500 $500 Government matching rate* 50c 50c Taper rate # 3.33c per $1 3.33c per $1 Lower income threshold $34,488 $35,454 Upper income threshold $49,488 $50,454 * The government matching rate is the amount the government will contribute per $1 of personal super contributions (not claimed as a tax deduction) up to your maximum entitlement. # The taper rate determines how much the maximum co-contribution is reduced for each $1 of total income that exceeds the lower income threshold but is less than the higher income threshold. The maximum co-contribution completely phases out when total income reaches the higher income threshold.
6 Your total income for the government co-contribution is generally the total of your assessable income, reportable fringe benefits and reportable employer super contributions (generally your salary sacrifice super contributions), less amounts you are entitled to as a tax deduction as a result of carrying on a business. Example: John is eligible for the co-contribution. His total income for the 2015/2016 financial year is $44,488. The government co-contribution is $167, i.e. $500 [($44,488 $34,488) x ] = $167. For John to receive his maximum government co-contribution of $167, John has to make a minimum personal super contribution of $334 (maximum government co-contribution entitlement/government matching rate = $167/$0.50) in the 2015/2016 financial year. How can you contribute more to your super? There are two main ways to make extra contributions to super, before tax or after tax. Voluntary (after-tax) contributions After-tax contributions include contributions you make from income that has already had income tax applied to it. Also, if your total income is less than the government co-contribution upper income threshold for the 2014/2015 or 2015/2016 financial year, you may be eligible for a government co-contribution. Note: Any contribution made by you or others, electronically, in cash or by cheque, where a contribution type is not specified will be provisionally classified as a Superannuation Guarantee contribution (employer contribution). To ensure that the correct treatment is applied to the contribution it is important that the contribution type is recorded correctly. We will contact you advising of how the contribution has been processed, and if this is not the correct contribution type for this money you must contact us within 30 days to advise us of the correct contribution type. Salary sacrifice (before tax) contributions You may implement an agreement with your employer to forego a portion of your salary in exchange for additional employer contributions (provided you don t breach your concessional contribution caps, your contributions are generally taxed at 15%). An additional 15% tax may apply to some higher income earners. Salary sacrificing can reduce income tax and increase retirement savings. Salary sacrifice contributions to super are included in the definition of income for certain government payments. Your employer may be required to report salary sacrifice contributions to the Australian Taxation Office (ATO) as reportable employer superannuation contributions. It may also impact your SG contributions as your employer can use the reduced salary amount (i.e. base salary less salary sacrifice) to calculate their SG requirements. To make salary sacrifice contributions or to find out more, speak to your employer and/or your financial adviser. Contributions for a prior period The Trustee may accept super contributions on your behalf if the Trustee is satisfied that the contribution relates to a period during which the Fund may have accepted the contribution, even though the contribution is actually made after that period. Can you contribute for your spouse? You can make a contribution on behalf of your spouse. Although ANZ Smart Choice Super For Employers and their Employees does not offer separate spouse accounts for new members, your spouse can open an account within ANZ Smart Choice Super and Pension to receive spouse contributions if they don t already have their own super fund. To do this they will need to complete the application for ANZ Smart Choice Super and Pension. Do limits apply to how much you can contribute to your super? The federal government has placed a cap on concessional (generally taxable) and non-concessional (after-tax) contributions. You should monitor contributions made into your account and all other super funds, as there are taxation consequences for exceeding the caps. See the table on the next page for details.
7 The table below shows the contributions caps and tax rates for the financial year 2015/2016. Concessional cap* Non-concessional cap 6 7 Contribution types Exemptions to contribution caps employer contributions (includes both compulsory super guarantee and salary sacrifice contributions) personal contributions for which a tax deduction is allowed. taxable portion of the vested amount of a foreign super fund transfer untaxed element of a rollover super benefit. personal contributions for which no tax deduction has been allowed spouse contributions excess concessional contributions that are not effectively refunded transfer from foreign superannuation funds (excluding any taxable amounts). government contributions rollover super benefits CGT cap contributions up to a lifetime limit of $1,315,000 (2014/2015) and $1,395,000 (2015/2016) (contributions linked to the application of the small business CGT concessions) personal injury contributions (contributions linked to the payments from structured settlements, workers compensation or court orders relating to personal injury). 2014/2015 and 2015/2016 financial year $30,000* if you are under 50 # $180,000 or $540,000 if you apply the bring forward option, $35,000* if you are 50 and over # please refer to the Other information section of this table. Tax on amounts over the cap Other information Excess concessional contributions amount included in your assessable income and taxed at your marginal tax rate less tax offset of 15% of excess concessional contributions plus any interest charges. Any concessional contributions in excess of the cap that are not effectively refunded will also count towards the non-concessional contributions cap. You can elect to withdraw excess non-concessional contributions (and 85% of related earnings) made on or after 1 July The related earnings will be assessed at your marginal tax rate (less a 15% tax offset). Any excess non concessional contributions left in the Fund will be taxed at the top marginal rate plus Medicare Levy. The non-concessional contributions cap is six times the lower concessional contributions cap (based on $30,000). If you are under age 65 at any time during the financial year, you can bring forward the next two years non-concessional contributions caps (providing you haven t already done so in the two previous financial years). The cap for 2015/2016 financial year for brought forward amounts is $540,000. This effectively creates a three-year block period where total non-concessional contributions cannot exceed three times the first financial year s non-concessional contributions cap. The bring-forward is automatically triggered when your after-tax contributions are more than $180,000 in a particular year. * The concessional contributions cap is indexed to Average Weekly Ordinary Time Earnings (AWOTE) but will only increase in $5,000 increments. Benefits rolled over where a terminal/ medical condition exists are not rollovers under taxation law and are included as non-concessional contributions under the non-concessional contributions cap. # As at the end of the relevant financial year. For further information on the contribution caps, how they apply, and the taxation consequences of exceeding the contribution caps please refer to page 59 of. What payment options are available for contributions? You, your spouse and your employer can make additional contributions to your account using BPAY on internet banking. BPAY Contact your participating financial institution to make contributions from your bank account. You, your spouse or your employer, will need to provide the following details, which will be included in your Welcome Pack or via Customer Services: Biller Code Refer to the table over the page for the appropriate code Reference code The Reference code will be the combination of your ANZ Smart Choice BSB and account number, this is a 15 digit number. Registered to BPAY Pty Ltd ABN
8 Biller Code Contribution Type Superannuation Guarantee (employer contribution)* Salary Sacrifice* Employer Additional* Member Voluntary (after tax) Contributions/Personal Spouse Contribution * From 1 July 2014, employers with 20 or more employees must begin to make contributions using a SuperStream compliant method. They have up to 12 months to make the change. From 1 July 2015, small employers (with 19 or fewer employees) must begin to make contributions using a SuperStream compliant method and will have up to 12 months to make the change. BPAY is not compliant with SuperStream requirements. Employer contributions (Superannuation Guarantee, Salary Sacrifice and Employer additional) will not be accepted after the end of transition period, based on the number of employees in the plan. EasyTransact is ANZ Smart Choice Super s online superannuation servicing system, it enables employers to make super contributions for employees in their ANZ Smart Choice Super Employer Plan. EasyTransact is our preferred method to receive employee contributions and is fully SuperStream compliant. EasyTransact also provides a Super Clearing Service which enables employers to remit super contributions for employees who have elected to choose another super fund. The EasyTransact and the Super Clearing Service Product Disclosure Statement is available from anz.com/smartchoiceemployer ANZ Smart Choice Super s dedicated EasyTransact Helpdesk team can provide employers with training and ongoing telephone or online support. This service is provided at no extra cost. Employers can call the EasyTransact Helpdesk team on (options 1, 1) weekdays between 8.30am and 6.30pm (AEST). Round up your super ANZ Smart Choice Super s paperless online transfers allow you to round up your super via ANZ Internet Banking or the Grow by ANZ app using your ipad or iphone. No more paper forms and no more multiple sets of fees. We ll use your tax file number to find your other super accounts and, with just a few clicks you can bring all of your super together in your new account, including any you may have lost along the way. Please refer to Bringing your super together and SuperMatch section on page 60 for more information. Choice of super You can generally choose your super fund if you are: employed under a federal award employed under a former state award, now known as a notional agreement preserving state award employed under another award or agreement that doesn t require super support not employed under any state award or industrial agreement (including contractors paid principally for their labour). Who is not eligible to choose a super fund? You may not be eligible to choose a super fund if: Your employer pays super for you under a: state industrial award preserved state agreement federal industrial agreement such as an Australian Workplace Agreement (AWA) pre-reform AWA, pre-reform certified agreement, collective agreement old IR agreement, individual transitional employment agreement (ITEA) workplace determination or enterprise agreement (these are defined terms in federal industrial relations law) You are a defined benefit fund member. Some federal and state public sector employees are also excluded from choosing a super fund. If you are unsure about your eligibility to choose a super fund, please contact your employer. Accessing your super There are rules in place that restrict when you can access your super to help ensure that your super savings are used for your retirement. Your super is categorised into preserved and non-preserved (restricted and unrestricted) amounts that determine when you can access your super. All contributions and any earnings on your super made after 1 July 1999 are treated as preserved. Your Annual Statement will show how much super you have in each category. Access to your super savings depends on the preservation status of your benefits (the following does not apply to temporary residents): Unrestricted non-preserved You can access these amounts at any time. Restricted non-preserved You can access these amounts on ceasing gainful employment with a contributing employer, and also when preserved benefits are payable. Who is eligible to choose a super fund? Most people have the right to choose the super fund to receive their super contributions, including employer contributions.
9 Preserved These amounts can only be accessed on meeting a condition of release. Conditions of release include: reaching your preservation age and you have permanently retired* reaching age 60 and subsequently ceasing a gainful employment arrangement reaching age 65, whether you have retired or not permanent incapacity terminal medical condition severe financial hardship (limits apply) specified compassionate grounds (limits apply) reaching preservation age (payment restricted to a transition to retirement pension) death temporary incapacity #. * Permanently retired means ceasing an arrangement of gainful employment and never intending to be gainfully employed for 10 or more hours weekly. Gainful employment means being employed or self-employed for gain or reward in any business, trade, profession, vocation, calling, occupation or employment. Permanent incapacity means the Trustee must be reasonably satisfied that you are unlikely, because of ill health (whether physical or mental) to engage in gainful employment for which you are reasonably qualified by education, training or experience. Terminal medical condition means a condition where: you have been certified by two Medical Practitioners (one a specialist Medical Practitioner who may be appointed by the Insurer) as having an illness likely to lead to your death within 12 months of the medical certificate or an alternative period specified within the relevant superannuation law, despite reasonable medical treatment; and in the Insurer s opinion, based on this medical certificate and other evidence available to it, you are suffering from an illness likely to lead to your death within 12 months of the latest medical certificate satisfactory to it, despite reasonable medical treatment. # Temporary incapacity means the Trustee must be reasonably satisfied that you have, because of ill-health (whether physical or mental), temporarily ceased gainful employment but the condition does not constitute permanent incapacity (conditions apply). Preservation age Your preservation age depends on your date of birth. You can use the following table to work out your preservation age. Date of birth Preservation age Before 1 July Between 1 July 1960 and 30 June 1961 Between 1 July 1961 and 30 June 1962 Between 1 July 1962 and 30 June 1963 Between 1 July 1963 and 30 June 1964 After 30 June Temporary residents You are a temporary resident if you are not an Australian citizen, New Zealand citizen, permanent resident or holder of a Sub-class 405 [Investor Retirement] or Sub-class 410 [Retirement] Visa. Temporary residents will ordinarily be able to access preserved benefits on the following grounds: death terminal medical condition permanent incapacity Departing Australia Super Payment (DASP) temporary incapacity. If you are a temporary resident, six months after you have departed Australia and your temporary resident Visa has ceased to be in effect, your super benefits may be classified as unclaimed monies and be transferred to the ATO. You can claim these benefits back from the ATO at any time. A DASP cannot be paid as an income stream. Making withdrawals If you have reached age 65 or your preservation age, or have met a condition of release, you may be eligible to start an ANZ Smart Choice Pension or have the proceeds paid directly to your nominated bank account or a combination of these. Before withdrawing you will need to consider: the conditions for how you can access your benefits any applicable fees or tax implications. If a withdrawal brings your account balance below $1,000, we reserve the right to pay your account balance either to you or the Eligible Rollover Fund (ERF) as detailed on page 63. Any withdrawal amount paid to you must be deposited into your nominated account. Please note, that a terminal medical condition payment to another super or pension fund is not a rollover super benefit and is assessed against the relevant contributions caps. For further information please contact Customer Services. Can you still work and access your super? If you have reached your preservation age and you do not meet any of the other relevant conditions of release listed on this page, you may be able to access your super under the transition to retirement (TTR) rules. These rules are designed to provide more flexibility to members who continue to work past their preservation age but wish to access their super. TTR rules allow these members to access their super as an income stream (also called a non-commutable pension ), which cannot be cashed as a lump sum until a relevant condition of release is satisfied or if it contains a non-preserved benefit, e.g. permanent retirement or permanent incapacity. To access your super under the TTR rules you can open an ANZ Smart Choice Transition to Retirement account. 8 9
10 How does ANZ Smart Choice Pension work? ANZ Smart Choice Pension offers two types of pension accounts, these are: ANZ Smart Choice Pension account ANZ Smart Choice Transition to Retirement account. ANZ Smart Choice Pension is generally available to those who have reached their preservation age and have permanently retired. Once an account has been established there are no restrictions on pension payments or access to lump sum payments (apart from the minimum annual pension payment requirement). Alternatively, if you have reached preservation age and are still working, in addition to your ANZ Smart Choice Super account you can open an ANZ Smart Choice Transition to Retirement account, which allows members to access their super in the form of a periodical income stream (also referred to as a non-commutable pension ) within the minimum and maximum payment limits prescribed by the government. Once commenced, a member is not able to make lump sum withdrawals from their pension account until a relevant condition of release is satisfied, e.g. reaching age 65, contains non-preserved benefit, retirement or permanent incapacity. You are not able to make additional contributions into your pension account once it commences. If you wish to make additional investments into your super account, please contact Customer Services who will assist you. You can open an ANZ Smart Choice Pension account or an ANZ Smart Choice Transition to Retirement account by visiting anz.com/smartchoice, at selected ANZ branches, or by contacting Customer Services. ANZ Smart Choice Pension and ANZ Smart Choice Transition to Retirement accounts are not offered under this PDS or this Additional Information Guide. For further information about our Pension options please read the ANZ Smart Choice Super and Pension Product Disclosure Statement available at anz.com/smartchoice or by calling Customer Services on Nominating a beneficiary Once your ANZ Smart Choice Super account is opened, you should decide who should receive your money (including any death insurance benefit) in the event of your death. When you provide a death benefit nomination in ANZ Smart Choice Super, this is a a non-lapsing direction. What is a non-lapsing direction? This is the nomination of a beneficiary(ies) that, if it satisfies all legal requirements, will not expire over time, and the Trustee is required to pay your money to your nominated beneficiary(ies) in the proportions you have specified. This is subject to the nominated beneficiary(ies) being either a dependant at the time of your death or your estate and your non-lapsing direction being current at the time of your death. You will need to renew your non-lapsing direction if you marry, enter into a de facto or like relationship with a person of either gender or become separated on a permanent basis from your spouse or partner, as an existing nomination will become invalid in these circumstances. Who can be nominated as a beneficiary? You can nominate one or more beneficiary(ies) to receive your Death Benefit in the event of your death. All beneficiaries must be either a dependant (for superannuation purposes) or your estate. You cannot nominate persons as beneficiaries who do not fall into one of these categories. Death Benefits paid to dependants will be paid as a lump sum or an income stream (conditions apply) or a combination of both. ANZ Internet Banking and your annual statement provide details of your nominated beneficiaries. Who can be a dependant? A dependant as defined by superannuation law includes: Your spouse, including another person (whether of the same sex or a different sex) who, although not legally married to you, lives with you on a genuine domestic basis in a relationship as a couple Your children (including an adopted child, a step-child or an ex-nuptial child, a child of your spouse, or someone who is considered your child under family law) Any other person who is financially dependent on you at the time of your death Any other person with whom you have an interdependency relationship (see following). Two people (whether or not related by family) have an interdependency relationship if: they have a close personal relationship; and they live together; and one or each of them provides the other with financial support; and one or each of them provides the other with domestic support and personal care. An interdependency relationship can also exist where two people have a close personal relationship but do not meet the other criteria above because either or both of them suffer from a physical, intellectual or psychiatric disability or are temporarily living apart.* In certain circumstances, a death benefit pension may be paid to a child. The rules for when pensions can be paid to a child, including when a child must commute a pension into a lump sum, are complex. You should speak to your financial adviser for more information. * The Trustee will rely on Superannuation laws to determine the circumstances that two persons have an interdependency relationship. How do I nominate a beneficiary? You can make a beneficiary nomination or change your beneficiary nomination through ANZ Internet Banking or by calling Customer Services.
11 Defective nominations Your nomination may become partially or fully defective if a nominated beneficiary dies or ceases to be a dependant while you are a member of the Fund. You should consider amending your nomination when your personal circumstances change or when a nominated beneficiary ceases to be a dependant under superannuation law. No nomination, defective nomination or cancelled nomination If you choose not to make a nomination, do not make a valid nomination, cancel your existing nomination or to the extent your nomination is defective, the Trustee will pay your death benefit to your Legal Personal Representative*, if your estate is solvent. If there is no Legal Personal Representative, or your estate is insolvent, the Trustee will pay your death benefit to your spouse. If you do not have a spouse, the Trustee will pay your death benefit to one or more of your dependants (as determined by the Trustee) and if no dependants, the Trustee will pay your death benefit in accordance with the relevant law. * Legal Personal Representative means an executor of the will or administrator of the estate of a deceased person, the Trustee of a deceased person, the Trustee of the estate of a person under a legal disability or a person who holds an enduring power of attorney granted by a person, however: a. subject to paragraph (b) below, a person does not have a Legal Personal Representative unless: i. a grant of probate has been made; ii. letters of administration have been issued; or iii. such equivalent authority as the trustee determines for jurisdictions outside Australia has been conferred on a person; and b. if the Trustee is reasonably satisfied that the value of your estate is less than the amount which the Trustee from time to time specifies as the probate limit, then the Trustee may treat a person who does not meet the criteria in (a) but who the Trustee is reasonably satisfied will, in practice, be informally performing the role of executor or administrator of your estate as if they were your Legal Personal Representative. Listed below are the key features of ANZ Smart Choice Super. Never lose track of your super again Online anytime.^ Instead of rummaging through that drawer to find your statements, ANZ Smart Choice Super gives you three ways to keep your superannuation close. On your desktop with ANZ Internet Banking, on most smartphones with ANZ gomoney and on your ipad or iphone with Grow by ANZ. One account for life. Take your ANZ Smart Choice Super account from job to job and avoid paying multiple fees. Then when ready, you can easily prepare for retirement with either a Transition to Retirement account, or a Pension account. Bring all your money into the one fund. Round up all your super easily via ANZ Internet Banking or on your ipad or iphone with Grow by ANZ. No more paperforms and no more multiple sets of fees. ^ Temporary service disruptions may occur. Grow by ANZ is provided by and is a trademark of ANZ. Apple, the Apple logo, iphone and ipad are trademarks of Apple Inc., registered in the U.S. and other countries. Competitive fees, no hidden charges ANZ Smart Choice Super s fees are competitively priced and simple to understand. Take a look at our lifestage investment options, they have one of the lowest independently ranked MySuper fees in the market. Fee comparison based on a $50,000 MySuper balance (as at December 2014) Benefits of investing with ANZ Smart Choice Super $300 $499 $534 Your employer has selected ANZ Smart Choice Super to provide a superannuation solution to help you achieve your retirement goals. As a member of ANZ Smart Choice Super, you should read the PDS and the incorporated material in its entirety before making decisions relating to your investment. You have the flexibility to control your investment within ANZ Smart Choice Super. As a member of ANZ Smart Choice Super you can be confident that your super is managed by an expert superannuation specialist providing retirement savings solutions for more than one million Australians. Whether you are just starting out in the workplace, growing your career or nearing retirement, we can help you by providing you with an expertly designed and fully featured super package. Importantly, ANZ Smart Choice Super offers you an extensive range of innovative member services that give you real benefits today, not just in retirement. ANZ Smart Choice Super Industry funds average fees Australian funds average fees Research conducted by SuperRatings Pty Ltd, holder of Australian Financial Services Licence No Analysis current as at December 2014, and limited to the member, administration and investment management fees of 86 retail, industry, corporate and government MySuper funds. In conducting the analysis, the ANZ Smart Choice Super 1960 s diversified investment option has been compared against the main Balanced option of products contained within the SuperRatings database. Annual fees are calculated on a constant $50,000 MySuper balance. Data used in the research from sources considered reliable. It is not guaranteed to be accurate or complete. For a copy of the SuperRatings research and the latest information, call Customer Services or go to anz.com/superfeesgraph
12 With smart investments and insurance, the choice is yours Smart investments: designed to suit no matter where you are in life, your lifestage investment option selects a mix of investments based on your age and adjusts them as you get older. Your super is automatically preparing you for retirement now that s smart. Alternatively, you can take a more active role in your investment decisions. Choose from our range of carefully selected options designed to provide different levels of risk and potential returns. Smart insurance: enjoy peace of mind knowing that should the unexpected happen, your family is protected. Your automatic Death and Total and Permanent Disability (TPD) cover* is based on your age, with higher cover when you are likely to have greater financial commitments, with less cover at later ages. There are no paper forms, no medical checks and no impact on your take-home pay. Once your account is open, you can also apply for your own level of cover, including Income Protection cover.^ Contact Customer Services on to request a quote. * Death and TPD cover is automatic unless you opt out. Cover is subject to eligibility. ^ Applications for additional cover will be assessed by the insurer for approval. Employers may also negotiate customised insurance cover tailored for their plan, including the type and terms of cover and the automatic default cover to be provided on joining. Further details on insurance are available in the ANZ Smart Choice Super Insurance Guide. If your employer has negotiated tailored cover for your plan, a separate Insurance Guide will apply to your Employer Plan. 3. Risks of super What risks should I be aware of? The importance of risk assessment Risk and return go hand-in-hand. When investing, you need to consider the opportunities and consequent risks associated with each investment to create an investment mix that suits your needs. Generally, the higher the potential return from an investment, the higher the risk associated with it. The investment options where investment returns are likely to be more volatile, such as shares, offer potentially greater returns and high growth, but generally carry a higher risk than investing in cash or fixed interest options. The less volatile investment options, such as cash, generally provide more secure and stable returns because your capital is less susceptible to risk. However, the returns on these investments are not guaranteed (just as the returns from other types of investments are not guaranteed). The returns may also not keep pace with inflation. Investors should consider the level of risk involved with a particular investment and whether the potential returns justify those risks, before investing. All of the ANZ Smart Choice Super investment options are subject to some or all of the risks described below. The risk level of different investments Investment risk refers to the chance of losing money on a particular investment. If negative returns are generated by an investment option the unit price of that option will go down. While this reduces the value of your investment, it is not an actual loss until you decide to switch or withdraw from that option. If you choose to switch or withdraw, the loss will be realised at that time. The following types of risk can impact your investment Interest rate risk: the possibility that the value of a fixed income investment, such as a government or corporate bond, will fall because of an increase in interest rates. Inflation (purchasing power) risk: the buying power of your capital or interest income is decreased by inflation. Business or financial or credit risk: the possibility that an individual business in which an investment is made may fail due to factors such as bad management, or changes in consumer demand or market share. Political or social risk: the possibility that changes in government policy or, for an overseas investment, the chance of a political upheaval such as an uprising or revolution may adversely affect an investment. Currency risk: the possibility that changes in relative currency values will affect import or export-driven companies, or that an investment option may be faced with an unfavourable exchange rate when a foreign investment is sold. Liquidity risk: the risk that an investment may not be able to be sold to realise enough cash to pay a withdrawal.
13 Point-in-time risk: the risk that negative returns in the years immediately before retirement may have a lasting negative impact on the value of your retirement savings. Longevity risk: the risk that you may outlive your retirement assets. Investment risk can be reduced through diversifying your investment. Diversification can involve selecting a range of investment options that cover a range of asset classes. Through diversification, below-average performance by one asset class may be potentially balanced by aboveaverage performance by another asset class. Changing the rules that govern an investment option (e.g. notice periods or withdrawal features) In some cases we can make these changes without prior notice to you. Any changes will be considered in light of the potential negative or positive impact on all investors. We will notify you via regular investor communications, ANZ Internet Banking or anz.com/smartchoicesuper as soon as practicable after any changes occur. Risks associated with particular investment strategies International investing While investing internationally can provide more opportunities and greater diversification than investing in Australia alone, it also carries additional risk. For example, fluctuating currencies can increase or decrease the return from an investment. Also, many other countries have less protective financial industry regulations to those we have in Australia. When an investment option invests overseas it can make a profit or a loss on the investment and a profit or a loss on currency movements. For instance, an investment in US dollars, when the value of that currency falls, will involve a loss when the money is converted back into Australian dollars. If the investment itself has also made a loss, the losses will be compounded. However, it is also possible for profits to be compounded in the opposite scenario. Investment managers may reduce the risk of adverse currency movements by hedging against falls in the currency in which an investment is made. In effect, investment managers may fix the exchange rate for the duration of the investment so that there is protection against foreign currency values declining. Currency risk Investment managers may also actively manage currencies, which means they take a view on the likely movement of currencies and purchase or sell them accordingly. This is riskier, but it can be more profitable. This strategy carries significant risk because the investment manager s view can be wrong and, as a result, they can make a loss on the movement in currency values. Currency risk can be reduced or mitigated if the investment manager places a stop/loss order on their transaction. If an investment manager believes a currency will increase in price, they will buy the currency and set a lower price at which they will automatically sell the currency and take a loss on the transaction. This is a form of insurance against the currency falling significantly. The risk of placing a stop/loss order is that the investment manager may not be able to execute it at the price they would like to. This may happen if the price of the currency falls dramatically in a short period of time. Derivatives A derivative is a financial product that is derived from another financial product. For example, an option over shares is a derivative because its price or value is derived from the shares themselves. Other derivatives include futures and warrants. Investment managers may use derivatives to gain exposure to investment markets or to protect against changes in the values of financial products, other assets, interest rates or currencies. Risks associated with using derivatives include: Variability of the market value: derivatives market values can fluctuate significantly and, as a result, potential gains and losses can be magnified compared with investments that do not use derivatives. Potential illiquidity: the value of derivatives may not move in the same direction as the value of the underlying financial product, which may result in an investment loss. In addition, the derivative may not experience the same levels of liquidity, resulting in illiquidity, meaning it may not be easily converted into cash. Counterparty risk: the other party in a derivative transaction may not be able to meet its financial obligations. Investment managers endeavour to manage counterparty risk through the following processes: Reviewing overall counterparty risk, the nature of lending principles and arrangements, the availability and adequacy of security where relevant. Applying stringent counterparty risk management policies and prudent valuation policies. Managing and/or limiting specific counterparty risk to particular counterparties, sectors and geographic locations. Implementing a process of continuous monitoring of counterparties to ensure that they can continue to meet their obligations
14 Inflation Inflation is usually measured by the movement of the Consumer Price Index (CPI), which measures the change in the prices of goods and services in the economy. Inflation reduces an investment option s purchasing power over time because, as the cost of goods and services increases, the relative value of the Australian dollar declines. It is important to factor inflation into your investment choices because some investments will decline in real value while others will keep pace with inflation or exceed it. Generally speaking, cash options and fixed interest options are most at risk of not keeping pace with inflation. Liquidity risk Liquidity risk means that sufficient assets cannot reasonably be expected to be realised and converted into cash to satisfy a withdrawal request within a reasonable time period. Assets such as shares, listed property securities, fixed interest and cash are generally considered to be liquid because they are actively traded on markets where they can more easily be sold or converted into cash at their full value. Private and unlisted assets such as direct property, leveraged leases and infrastructure are generally considered to be less liquid. They are not generally traded on active markets and, as such, can take longer to convert into cash. During abnormal or extreme market conditions some normally liquid assets may become illiquid, restricting the ability to sell them and to make withdrawal payments or to process switches for investors. In certain circumstances, we may suspend or otherwise restrict withdrawals from an investment option (albeit that the option may not technically be illiquid ) meaning that the payment of withdrawal proceeds may be significantly delayed or not made at all. We may also terminate certain investment options and in these circumstances may delay the realisation of the option s assets meaning that payment of your share of the proceeds will also be delayed. Liquidity risk may be reduced by investing in options that invest only in liquid assets. Another way of reducing liquidity risk is to diversify across a range of investment options. Securities lending Some investment managers may engage in the lending of securities to third parties for a fee. The lending is done through an appointed custodian who receives the fee and passes it on to the investment manager. This fee will be reflected in the unit price of the option as revenue for that option. in recovering assets, and in some cases may incur a capital loss. The risk of securities lending may be mitigated by ensuring the investment options lend to approved borrowers only, and by requiring the borrowers to provide sufficient collateral. Another risk in securities lending is if the returns of the collateral pool are insufficient to cover direct and indirect costs of the transactions. In this case, the fee may become negative and be reflected in a decline of the unit value of the investment option. Changes in legislation Investment options may be affected by changes in legislation, particularly in relation to taxation laws. These changes may be either favourable or unfavourable, and it is generally not possible to mitigate the impact of unfavourable events. When changes occur, you will be notified via regular investor communications, ANZ Internet Banking or anz.com/smartchoicesuper as soon as practicable after any changes occur. Changes to investment options We regularly monitor the investment options offered through ANZ Smart Choice Super. To maintain the quality and diversity of the investment options, we may make changes at any time including: adding, closing or terminating an investment option removing, replacing or adding an investment manager changing an investment option s objective, investment strategy (including the benchmark), asset allocation, neutral position and range, currency strategy and the number of asset classes; and changing the rules that govern an investment option (e.g. changing fees, notice periods or withdrawal features). In some cases these changes are made without prior notice to investors, although any changes are considered in light of the potential positive or negative impact on all investors. The investment environment can change rapidly and you need to be aware that you may not have the most up-todate information available at your fingertips when you make an investment decision. Material events can take place that you are not aware of at the time of investing. We will notify you via regular investor communications, ANZ Internet Banking or as soon as practicable after any changes occur. One risk of securities lending is that the borrower or custodian is not able to return equivalent securities, in which case the investment option could experience delays
15 4. How we invest your money Leave your investment decisions to us, with a lifestage investment option, or choose your own investment mix. The choice is yours. When you join ANZ Smart Choice Super you are automatically invested in the Lifestage investment option based on your decade of birth. You can choose to leave your super investment within the lifestage investment option, or you can select your own investment mix from the Choose your own options. You can easily track, compare and change your investments at any time with ANZ Internet Banking. You can choose to invest in as many or as few options as you like. All you need to do when you apply is specify the percentage that you would like to invest in each investment option. It is important to note that you are not able to invest into a combination of a lifestage investment option and choose your own investments (except for Cash) but may change between them at any time. Labour standards, environmental, social and ethical considerations Labour standards, environmental, social or ethical considerations are not taken into account when selecting, retaining or realising investments relating to ANZ Smart Choice Super. Lifestage investment options Unlike many other super funds, we don t believe that one investment option suits everyone. While others offer default balanced investment options irrespective of your stage in life, ANZ Smart Choice Super prefers a much smarter approach. When you re young, it could be years before you start even thinking about retirement. So why not use this time to your advantage? Early on, your lifestage investment option invests mainly in growth assets such as shares. These are designed to provide potential higher returns, on average over a longer term, with plenty of time to ride out any dips in markets. As you approach retirement, we automatically adjust the mix with a higher allocation to less volatile investments, like cash and fixed interest bonds. This is the time when you have the most to lose, so it makes sense to protect it. Active asset allocation An active asset allocation process is utilised for investment options to increase or decrease your exposure to relevant asset classes within permitted ranges. This process is designed to optimise your investment performance by adjusting your investment performance to markets/asset classes which we believe will perform strongly or poorly in the future. With lifestage investment we do the work for you, so you can relax knowing your money is working hard for you until the day you retire, and beyond. Lifestage investment options Your money will be invested in the option corresponding to the decade in which you were born. 1940s 1970s 1950s 1980s 1960s 1990s Your money will be invested in the option corresponding to the decade in which you were born. 1940s: Designed for people who have retired or are close to it. Your money is mainly invested in cash and fixed interest to provide you stability with your savings. However you ll have some money in growth assets allowing you to receive the potential benefit of higher returns during your retirement. 1950s: Designed for people for whom retirement is not far away. Your money is balanced across defensive and growth assets. Defensive assets such as cash and fixed interest provide you greater stability, and growth assets such as shares and property allow you to receive the potential higher returns into retirement. 1960s: Designed for people who are getting closer to retirement but still have some way to go. Your money is mainly invested in growth assets such as shares and property, but compared to a younger generation you ve a greater share of defensive assets such as cash and fixed interest to provide more stability. 1970s/1980s/1990s: Designed for people who have a long way to go until retirement. Your money is invested mainly in growth assets such as shares and property. This provides you the benefit of potential higher returns, along with the time to ride out the ups and downs of markets
16 This diagram illustrates the lifestage investment option investment mix changing over your life. Glide Path 100 Defensive assets (%) Growth assets Defensive assets Growth assets Defensive assets Age 25 Age 45 Age 70 Choose your own investment mix Alternatively, you can take a more active role in your investment decisions. Choose from our range of carefully selected investment options designed to suit different levels of risk and potential returns. Choose your own Diversified Risk Based Cash Fixed Interest Absolute Return Fixed Income Australian Property International Property Australian Equities Australian Equity Income International Equities Emerging Market Equities Alternatives ANZ Smart Choice Conservative OptiMix Conservative ANZ Smart Choice Cash ANZ Smart Choice Global Fixed Interest Kapstream Absolute Return Income SG Hiscock Property Securities ANZ Smart Choice Global Property ANZ Smart Choice Australian Equities Perpetual Australian Shares Merlon Australian Share Income ANZ Smart Choice Global Smaller Companies MFS Global Equity MFS Global Emerging Markets Shares GMO Alternatives Growth ANZ Smart Choice Growth OptiMix Growth Bentham Global Income CBRE Clarion Global Property Securities Bennelong Australian Equities Schroder Australian Equity UBS Blue Chip Imputation ANZ Smart Choice International Equities (Hedged) Platinum International Platinum Asia RARE Infrastructure Value ANZ Smart Choice Moderate OptiMix High Growth PIMCO Diversified Fixed Interest BT Smaller Companies UBS Australian Shares ANZ Smart Choice International Equities (Unhedged) Vontobel Global Shares Legg Mason Diversified OptiMix Moderate Schroder Fixed Income Fidelity Australian Equities UBS Sustainable Investments Australian Shares Arrowstreet Global Equity (Hedged) Walter Scott Global Equity (Hedged) OptiMix Balanced UBS Defensive OptiMix Balanced Schroder Real Return Karara Capital Emerging Companies UBS Select Leaders Magellan Global UBS Balanced OptiMix Geared Australian Shares
17 Investment option profiles How to read an investment option profile Information about each investment option is detailed in an investment option profile. The information below is a guide to understanding the information in each profile A brief description of the investment option and who it may be suitable for. The asset allocation displays the type of asset classes (and proportions) the investment option invests in. The benchmark is the neutral allocation for each asset class. The range indicates the anticipated minimum and maximum allowable allocations for each asset class. The investment manager may vary the investment option s asset allocation within the intended ranges in order to position the investment option to benefit from prevailing market conditions. Under certain circumstances, the asset allocation for a particular asset class may move outside its range. In some cases, an investment option may have a benchmark and/or a range, or neither. benchmarks and ranges may be altered without prior notice to you when the change does not materially alter the risk profile of the investment option. The investment return objective identifies what return the investment option aims to achieve. This is often stated in relation to a relevant index. As a guide only, each investment option has a suggested minimum time horizon. This is the minimum period of time you should consider holding your investment in a particular investment option. Holding an investment for the suggested time does not guarantee a positive return, but it may make it more likely. However, if after the suggested minimum time horizon we believe investment markets will perform poorly, the investment may need to be held for a longer period to avoid a negative return. Each investment option will have a risk level attached to it. The risk level indicates historically the number of negative annual returns over any twenty (20)-year period. The seven risk levels are: Risk Band Risk Label Estimated number of negative annual returns over any twenty (20)-year period 1 Very low Less than Low 0.5 to less than 1 3 Low to medium 1 to less than 2 4 Medium 2 to less than 3 5 Medium to high 3 to less than 4 6 High 4 to less than 6 7 Very high 6 or greater The is based on industry guidance to allow investors to compare investment options that are expected to deliver a similar number of negative annual returns over a twenty (20)-year period. The is not a complete assessment of all forms of investment risk. For instance, it does not detail the potential size of a negative return or that the potential for a positive return may still be less than an investor may require in order to meet their obligations. Further, it does not take into account the impact of administration fees and tax on the likelihood of a negative return. Investors should still ensure they are comfortable with the risks and potential losses associated with their chosen investment option/s. The investment strategy describes how the investment option aims to achieve its objective. An investment strategy usually involves a description of the relevant asset classes and an outline of the investment process, or combination of processes that will be used to manage the investment option. This is the date that the investment option commenced within ANZ Smart Choice Super.
18 Lifestage investment option profiles ANZ Smart Choice 1940s This investment option is designed for investors born in the 1940s. It will automatically adjust the allocation between growth and defensive asset classes to become more conservative over time. Additionally, an active asset allocation process is employed as described in below. Asset class Benchmark (%) # Range (%) Cash Australian fixed interest Global fixed interest Global property securities Australian shares International shares Aims to generate retirement capital through returns (after fees, charges and taxes) that on average exceed inflation by at least 1.5%^, and preserve capital. The emphasis changes from capital growth to capital preservation as you get older. Investment fee 0.50% 3 years Current: Risk Band 3 Low to medium The risk profile will reduce over time ending at Low to medium. For information about this measure see page 17 of. Provides exposure to a mix of growth and defensive asset classes. The allocation to these classes will automatically adjust, becoming more conservative over time. Additionally, an active asset allocation process is used to increase or decrease exposure to different asset classes within permitted ranges. This process is designed to optimise investment performance by adjusting allocations to markets/asset classes we believe will perform strongly or poorly in the future. 5 December 2011 ANZ Smart Choice 1950s This investment option is designed for investors born in the 1950s. It will automatically adjust the allocation between growth and defensive asset classes to become more conservative over time. Additionally, an active asset allocation process is employed as described in below. Asset class Benchmark (%) # Range (%) Cash Australian fixed interest Global fixed interest Global property securities Australian shares International shares Aims to generate retirement capital through returns (after fees, charges and taxes) that on average exceed inflation by at least 2.0%^, and preserve capital. The emphasis changes from capital growth to capital preservation as you get older. Investment fee 0.50% 4 years Current: Risk Band 4 Medium The risk profile will reduce over time ending at Low to medium. For information about this measure see page 17 of. Provides exposure to a mix of growth and defensive asset classes. The allocation to these classes will automatically adjust, becoming more conservative over time. Additionally, an active asset allocation process is used to increase or decrease exposure to different asset classes within permitted ranges. This process is designed to optimise investment performance by adjusting allocations to markets/asset classes we believe will perform strongly or poorly in the future. 5 December 2011 # The benchmark is the neutral allocation current at the time of preparing this Additional Information Guide, it will change over time within the ranges provided. Fixed interest exposure may include exposure to government, corporate, inflation protected and/or other securities. International shares may include exposure to emerging markets, low volatility and/or global small cap securities. ^ Please note that this percentage will vary over time as the investment option becomes more conservative.
19 ANZ Smart Choice 1960s This investment option is designed for investors born in the 1960s. It will automatically adjust the allocation between growth and defensive asset classes to become more conservative over time. Additionally, an active asset allocation process is employed as described in below. Asset class Benchmark (%) # Range (%) Cash Australian fixed interest Global fixed interest Global property securities Australian shares International shares Aims to generate retirement capital through returns (after fees, charges and taxes) that on average exceed inflation by at least 3.0%^, and preserve capital. The emphasis changes from capital growth to capital preservation as you get older. Investment fee 0.50% 4 years Current: Risk Band 6 High The risk profile will reduce over time ending at Low to medium. For information about this measure see page 17 of. Provides exposure to a mix of growth and defensive asset classes. The allocation to these classes will automatically adjust becoming more conservative over time. Additionally, an active asset allocation process is used to increase or decrease your exposure to different asset classes within permitted ranges. This process is designed to optimise investment performance by adjusting allocations to markets/asset classes we believe will perform strongly or poorly in the future. 5 December 2011 ANZ Smart Choice 1970s This investment option is designed for investors born in the 1970s. It will automatically adjust the allocation between growth and defensive asset classes to become more conservative over time. Additionally, an active asset allocation process is employed as described in below. Asset class Benchmark (%) # Range (%) Cash Australian fixed interest Global fixed interest Global property securities Australian shares International shares Aims to generate retirement capital through returns (after fees, charges and taxes) that on average exceed inflation by at least 3.5%^, and preserve capital. The emphasis changes from capital growth to capital preservation as you get older. Investment fee 0.50% 5 years Current: Risk Band 6 High The risk profile will reduce over time ending at Low to medium. For information about this measure see page 17 of. Provides exposure to a mix of growth and defensive asset classes. The allocation to these classes will automatically adjust, becoming more conservative over time. Additionally, an active asset allocation process is used to increase or decrease exposure to different asset classes within permitted ranges. This process is designed to optimise investment performance by adjusting allocations to markets/asset classes we believe will perform strongly or poorly in the future. 5 December # The benchmark is the neutral allocation current at the time of preparing this Additional Information Guide, it will change over time within the ranges provided. Fixed interest exposure may include exposure to government, corporate, inflation protected and/or other securities. International shares may include exposure to emerging markets, low volatility and/or global small cap securities. ^ Please note that this percentage will vary over time as the investment option becomes more conservative.
20 ANZ Smart Choice 1980s This investment option is designed for investors born in the 1980s. It will automatically adjust the allocation between growth and defensive asset classes to become more conservative over time. Additionally, an active asset allocation process is employed as described in below. Asset class Benchmark (%) # Range (%) Cash Australian fixed interest Global fixed interest Global property securities Australian shares International shares Aims to generate retirement capital through returns (after fees, charges and taxes) that on average exceed inflation by at least 4.0%^, and preserve capital. The emphasis changes from capital growth to capital preservation as you get older. Investment fee 0.50% 5 years Current: Risk Band 6 High The risk profile will reduce over time ending at Low to medium. For information about this measure see page 17 of. Provides exposure to a mix of growth and defensive asset classes. The allocation to these classes will automatically adjust becoming more conservative over time. Additionally, an active asset allocation process is used to increase or decrease exposure to different asset classes within permitted ranges. This process is designed to optimise investment performance by adjusting allocations to markets/asset classes we believe will perform strongly or poorly in the future. 5 December 2011 ANZ Smart Choice 1990s This investment option is designed for investors born in the 1990s. It will automatically adjust the allocation between growth and defensive asset classes to become more conservative over time. Additionally, an active asset allocation process is employed as described in below. Asset class Benchmark (%) # Range (%) Cash Australian fixed interest Global fixed interest Global property securities Australian shares International shares Aims to generate retirement capital through returns (after fees, charges and taxes) that on average exceed inflation by at least 4.0%^, and preserve capital. The emphasis changes from capital growth to capital preservation as you get older. Investment fee 0.50% 5 years Current: Risk Band 6 High The risk profile will reduce over time ending at Low to medium. For information about this measure see page 17 of. Provides exposure to a mix of growth and defensive asset classes. The allocation to these classes will automatically adjust, becoming more conservative over time. Additionally, an active asset allocation process is used to increase or decrease exposure to different asset classes within permitted ranges. This process is designed to optimise investment performance by adjusting allocations to markets/asset classes we believe will perform strongly or poorly in the future. 5 December 2011 # The benchmark is the neutral allocation current at the time of preparing this Additional Information Guide, it will change over time within the ranges provided. Fixed interest exposure may include exposure to government, corporate, inflation protected and/or other securities. International shares may include exposure to emerging markets, low volatility and/or global small cap securities. ^ Please note that this percentage will vary over time as the investment option becomes more conservative.
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RETIREMENT SAVINGS ACCOUNT (RSA) Defence Bank Super Assured Retirement Savings Account Superannuation fee free. The way it should be for all Australians. General Information and Application Form Product
Investment Bond & Rollover This report includes: Deferred Annuity Capital Guaranteed Collection Rollover Rollover Portfolio and Rollover Parking Fund Capital Guaranteed Collection Investment Bond Investment
1 Contents 1. About ING DIRECT 3 2. Benefits of ING DIRECT Living Super 3 3. How super works 5 4. How your ING DIRECT Living Super account works 10 5. Investment options 20 6. Fees and other costs 27 7.
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
Retirement Savings Account (RSA) Product Disclosure Statement (PDS) Incorporated (by reference) Information Booklet - Superannuation, Rollovers and Pensions. As at 24 September 2014 Issued by the Qantas
Superannuation Pensions Insurance Financial Advice Superannuation Product Disclosure Statement effective 1 January 2016 Contents About us 2 How super works 3 Benefits of investing with us 3 Risks of super
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
ENTERPRISE SUPER EMPLOYER SPONSORED SUPERANNUATION & PERSONAL SUPERANNUATION Issue Date: 22 June 2012 Enterprise Super is a division of General Retirement Plan, ABN 32 894 907 884 PO Box 1282, Albury NSW
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
Taxpayers Australia Inc Superannuation Australia (A wholly owned subsidiary of Taxpayers Australia Inc) Glossary of superannuation terms These terms are commonly used in the superannuation sector. Account-based
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
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
Super move enhancements to your plan Notice to members of BT Business Super ( BT Super ) Contents 1_Overview 2_Changes to Fees and other costs Reduced Administration fees 4 Reduced Investment Manager Charge
BT Term Life as Superannuation Annual Report for the year ended 30 June 2014 The issuer of Term Life as Superannuation (part of the Superannuation Division of Westpac MasterTrust ABN 81 236 903 448, SFN
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
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Insurance Cover Changes SIGNIFICANT EVENT NOTICE This Significant Event Notice is issued by CSF Pty Limited (ABN 30 006 169 286), (AFSL 246664) in its capacity as trustee of the Catholic Superannuation
Superannuation and Residency Fact Sheet - October 2014 A change in residence has significant implications for superannuation. A number of issues arise when an individual relocates overseas whether temporarily
2014/15 Key Superannuation Rates and Thresholds These are the key rates and thresholds that apply in relation to superannuation contributions and benefits, superannuation guarantee and co-contributions.
INSURANCE Life insurance through superannuation Annual Report 1 July 2013 to 30 June 2014 Issued December 2014 Contents Annual Report About OnePath 2 OnePath MasterFund 3 About this Annual Report 3 Abridged
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
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Suncorp WealthSmart Product Guide Issued 1 July 2014 Suncorp WealthSmart Product Guide Suncorp EASE TM Product Disclosure Statement (for business) This Product Guide provides further information to the
St.George Income Protection as Superannuation Annual report for the year ended 30 June 2015. Contents Welcome... 3 Recent developments in superannuation... 4 2015/16 superannuation thresholds...4 Higher
Generations Personal Super and Personal Pension Additional information booklet (AIB) update This is an update to the Generations Personal Super and Personal Pension additional information booklet, issue
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
Superannuation Savings Account Super. Simple. Guaranteed. Supplementary Product Disclosure Statement Preparation Date: 21 June 2007 This is a Supplementary Product Disclosure Statement (SPDS) to the Commonwealth
Retirement Savings Account (RSA) Product Disclosure Statement (PDS) Incorporated (by reference) Information Booklet - Superannuation, Rollovers and Pensions. As at 12 March 2012 Issued by the Qantas Staff
BT Income Protection as Superannuation Annual Report for the year ended 30 June 2014 The issuer of Income Protection as Superannuation (part of the Superannuation Division of Westpac MasterTrust ABN 81
Lump sum benefit payment request for your superannuation or account based pension How to claim a benefit To claim a benefit you will need to complete the attached Benefit Payment Request and send it direct
St.George Income Protection as Superannuation Annual report for the year ended 30 June 2014. Contents Welcome... 3 Recent developments in superannuation... 4 Increases to Superannuation Guarantee...4 Concessional
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
BT Lifetime Super Employer Plan Additional Information Booklet Part 3 Insurance Dated: 1 July 2015 Last updated: 1 July 2015 About this Additional Information Booklet This document is Part 3 of the Additional
Adviser Tax Guide ONECARE 1 JULY 2014 ANZ WEALTH This guide is current at 1 July 2014 and is subject to change. Updated information will be available free of charge from onepath.com.au or by calling 1800
SUPERANNUATION Retirement fundamentals Your guide to retirement You ve been working hard to accumulate your superannuation, and now you re nearing the next stage of your life retirement. So what do you
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
The benefits of insuring through super Macquarie Life While your clients are accumulating wealth, they also need to ensure adequate insurance cover is in place so they and their families are looked after
Defined Benefits Fund guide Queensland local government employees other than Brisbane City Council, Queensland Urban Utilities and associated employees Closed to new members from 1 July 1998 Date prepared:
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
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