1 Your super when you leave your job Issued January 2015 by UniSuper Limited ABN Dr Ann McNeill, the University of Adelaide
2 Prepared by UniSuper Management Pty Ltd (ABN , AFSL No ) on behalf of UniSuper Limited, ABN , the Trustee of UniSuper (ABN ). UniSuper Management Pty Ltd is the Administrator of the Fund and is licensed to provide financial advice, which is provided under the name of UniSuper Advice. UniSuper s MySuper authorisation number is This information is of a general nature only and includes general advice. It has been prepared without taking into account your individual objectives, financial situation or needs. Before making any decision in relation to your UniSuper membership, you should consider your personal circumstances, the relevant product disclosure statement (PDS) for your membership category, and whether to consult a qualified financial adviser. To obtain a copy of the PDS relevant to your membership category, visit unisuper.com.au/pds or contact us on UniSuper Advice is a service dedicated to UniSuper members and their spouses which is provided by UniSuper Management Pty Ltd, the entity licensed to provide financial advice. For further information about UniSuper Advice, please visit unisuper.com.au/advice to download the Financial Services Guide, and, for any further enquiries, contact We ve heard you re moving on Whether you re staying within the higher education or research sector, changing career or leaving work altogether, we know you ve got a lot going on right now. So your super is probably the last thing on your mind. This booklet helps make the decision of what to do with your super easier. The good news is no matter what your next move, you can always stay with UniSuper and continue to enjoy the benefits of being a member of one of Australia s leading super funds. Contents Defined Benefit Division (DBD) 13 Accumulation 2 22 Accumulation 1 25 Where to begin? We suggest you start with the section that relates to the UniSuper product you currently have. The front and back sections give you some useful general information about UniSuper, including a glossary of common terms (pages 11 and 12). Not sure which UniSuper product you have? If you re not sure which UniSuper product you have, check the welcome pack you received when you first became a UniSuper member, or your latest benefit statement. Both of these list the product you re in (also known as your membership category ).
3 staying with unisuper 4 Staying with UniSuper Now that you re in, you re welcome to stay. In fact, you can stay with us as long as you like. That s because when you joined UniSuper, you entered a partnership that can continue for life. So no matter where your future takes you, you can always rely on us to help you build and manage your super. When you leave your job, your employer will stop making compulsory super contributions into UniSuper for you. What happens to your super account depends on which UniSuper product you have. Unless you instruct us otherwise, your super will stay in UniSuper which means you will continue to enjoy the benefits of being a UniSuper member. By remaining a UniSuper member you can: continue contributing to UniSuper 1 A A defer your defined benefit component if you re in the DBD (see page 14 for what it means to defer) nominate UniSuper as your ongoing fund to receive your future compulsory super contributions (as long as your new employer offers you Choice of Fund see pages 5 and 6) transfer any other super you may have into UniSuper start a UniSuper pension (if you re eligible) access our many features and benefits (see pages 8 to 10). Alternatively, you may choose to transfer your benefit to another fund altogether. What s best for you depends on your personal circumstances, financial needs, and goals. You can find out more about your options in the section relevant to your UniSuper product. Leaving your job because of illness or injury? If you have left your job due to illness or injury, you may be eligible to claim a disablement benefit. Please note: if you re eligible, you need to claim the disablement benefit promptly after leaving your job or you may not be able to claim that type of benefit later. Please contact us immediately on for more information. WEHI super fund members If you re a UniSuper member whose benefits were transferred from the former Walter & Eliza Hall Institute (WEHI) of Medical Research Superannuation Fund, your membership is subject to special conditions, and some of the material in this booklet may not apply to you. We recommend you contact us on for details of the special conditions that apply to you. 1 For members aged 65 or older, some restrictions (known as the Work Test ) apply to the types of contributions we can receive. Read about the Work Test at unisuper.com.au/glossary or call us on to find out more.
4 5 6 Nominating UniSuper as your chosen fund Nominating UniSuper as your chosen fund Under Choice of Fund legislation, many employees can nominate the super fund into which their compulsory Superannuation Guarantee (SG) contributions are paid. Eligibility depends on your terms of employment. Choice of Fund isn t available to employees under certain types of industrial agreements or awards (which specify which super fund employer contributions must be paid into). This applies to most employees in the higher education and research sector. However, if you are eligible for Choice of Fund, you can nominate UniSuper as your chosen fund. Simply complete a Super Choice Fund nomination form and provide it to your new employer within 28 days of starting your new job. This form, together with the Trustee Compliance Letter, contains all the information your new employer needs in order to contribute to UniSuper on your behalf. Both the form and letter are enclosed in this booklet. You can also: download the Choice of fund kit from the Forms and Documents section of our website. call us on to request a copy. What happens if UniSuper is your new employer s default super fund? If UniSuper is your new employer s default super fund, all you have to do is advise your new employer of your existing UniSuper member number. They can then automatically pay your contributions into your existing UniSuper account. UniSuper is not your new employer s default super fund, but you are eligible for Choice of Fund? If UniSuper isn t your new employer s default super fund but you are eligible for Choice of Fund, you can nominate UniSuper as your chosen fund for your new employer to contribute to. UniSuper is not your new employer s default super fund and you are not eligible for Choice of Fund? If you re not eligible for Choice of Fund with your new employer, your future Super Guarantee contributions will be made to another super fund. However, you can still transfer the super you accrue in your other super fund into your UniSuper account. Contact your other fund for details on how to transfer your super contributions to your UniSuper account.
5 7 8 Benefits of being a UniSuper member Benefits of being a UniSuper member Since 1983, UniSuper has been Australia s only superannuation fund dedicated to higher education and research sector professionals. As an industry fund, we offer competitive fees, high quality products and services, and a diverse range of investment options to fulfil the superannuation and retirement needs of more than 400,000 members. Top reasons to stay with UniSuper 1 a record of strong long-term investment performance We re proud to have achieved returns that have exceeded industry benchmarks and averages for various investment options.* In September 2014, our Balanced investment option outperformed the industry median for balanced investment options over a five-year period. 1 Ratings agency SuperRatings has given UniSuper s Accumulation 1, Accumulation 2 and Flexi Pension investment performance an excellent rating. According to the rating system used, this means we have been a premium performer in this area and well above benchmark. 2 2 Value for money We re a large value-for-money fund offering competitive fees. All our profits go to our members or are reinvested to improve our products and services. We don t pay commissions to our financial advisers and we don t pay dividends to external shareholders. * Past performance is not an indication of future performance. 1 Sources: SuperRatings (2014), SuperRatings Fundamentals report for UniSuper Accumulation 1, 30 September Does not take into account any subsequent revisions. 2 SuperRatings Fundamentals report for UniSuper Accumulation 1, Accumulation 2 and Flexi Pension, 30 September These reports are available at unisuper.com.au. Does not take into account subsequent revisions.
6 9 Your super when you leave your job Benefits of being a UniSuper member Your super when you leave your job Benefits of being a UniSuper member 10 3 Competitive fees As a UniSuper member, you won t be charged: any entry or withdrawal fees for the first investment option switch you make each financial year for selecting your own mix of investment options when you first join UniSuper for changing the options your future contributions or transfers are invested in. Our fees are often among the most competitive in Australia for an industry super fund (refer to See for yourself box on page 10). 4 Exclusive membership We exist exclusively for people who work (or have worked) in Australia s higher education and research sector. Even if you leave the sector, whether you re changing jobs or taking a well-earned rest, you can keep your super with UniSuper for life. However, because we re an exclusive fund, if you choose to leave UniSuper it can be difficult to rejoin unless you start working again in the higher education and research sector. 5 Control and choice over your investments We know everyone has different needs when it comes to investments. So we offer you the flexibility and freedom to choose your own investment strategy. We offer a range of carefully selected investment options, including socially responsible options, which you can manage yourself or leave to our team of experts. 6 Quality financial advice Our qualified UniSuper Advice team offers comprehensive financial plans and advice on a range of topics that extend beyond super. UniSuper Advice exists exclusively for UniSuper members and their spouses, and our financial advisers understand the sector you work in. To find out more about what UniSuper Advice can do for you, see pages 27 and 28. See for yourself Don t just take our word for it. See how our fees and investment returns for our Accumulation 1 and Accumulation 2 accounts stack up against other funds using the Chant West Apple Check tool via MemberOnline (which you can access at unisuper.com.au/ memberonline). Award-winning fund With a string of awards and high ratings from top Australian ratings agencies SuperRatings 3, Chant West 4 and Selecting Super, we re one of Australia s most award-winning super funds. 3 Please go to for more information on SuperRatings methodology. 4 For further information about the methodology used by Chant West see
7 11 12 Important definitions Here are the meanings of terms commonly used in this booklet. Accumulation 1 An accumulation-style account in which your super balance accumulates through contributions, transfers from other funds, and investment returns. Accumulation 2 An accumulation-style account in which your super balance accumulates through contributions, transfers from other funds, and investment returns. Employer contributions to your Accumulation 2 account are generally 14% or 17%, and you re also required to make member contributions (although you may be able to choose to reduce your contributions). Accumulation component An accumulation-style component of Defined Benefit Division (DBD) accounts that is made up of 3% additional employer contributions (if these apply) and any voluntary contributions you make as well as transfers from other funds. The value of this component is not determined by a formula, but by the performance of your investment options. For more information, see the Defined Benefit Division and Accumulation 2 Product Disclosure Statement. Choice of fund Superannuation legislation that allows eligible employees to nominate which super fund their employer pays compulsory Superannuation Guarantee contributions into on their behalf. Contributing member You stop being a contributing member in the DBD or Accumulation 2 if you cease employment with a UniSuper participating employer, or your employment conditions change and you re no longer eligible for employer contributions of either 14% or 17%. Defined benefit component The part of your Defined Benefit Division (DBD) benefit that s calculated in accordance with the defined benefit formula. For more information, see the Defined Benefit Division and Accumulation 2 Product Disclosure Statement. Defined benefit formulas The defined benefit component of your benefit is based on formulas that takes into account a number of factors, and vary depending on when you joined the DBD. For more information on the DBD formula that applies to you, refer to your latest benefit statement or call us on Future contributions strategy As a UniSuper member, you can choose which investment option(s) all future contributions to your accumulation account/component are invested in. This is known as a future contributions strategy, and it can be different from the investment options you ve selected for your existing account balance. Inbuilt benefits Benefits that are provided to DBD members by UniSuper, not an external insurance provider. They are payable on disablement, temporary incapacity, terminal medical condition and death. You cannot opt out of these benefits. Lump sum A benefit payable as cash rather than as an income stream (e.g. a pension). A lump-sum benefit can include a taxable component and tax-free component. Member contributions Contributions paid by the member. DBD and Accumulation 2 members are required to make standard member contributions of 7% of salary (if paid on an aftertax basis). However, you can reduce your standard member contributions under UniSuper s contribution flexibility requirements. To find out more, see the Contribution Flexibility fact sheet and application forms, which are available at unisuper.com.au or by calling Notional taxed contribution (NTC) A notional amount of contributions that relate to a DBD member s defined benefit component and count towards a member s concessional contributions cap. Option period The period during which a DBD member who has ceased to be a contributing member of the DBD has to elect whether to defer their defined benefit component or transfer it to Accumulation 1. Your option period commences on the date you cease to be a contributing member to the DBD and ends on the later of a) the 90th day after you cease to be a contributing member, or b) the 30th day after we write to you about your options. Participating employer An employer who has signed a participation agreement with UniSuper. To find out if your employer is a UniSuper participating employer, call us on UniSuper Trust Deed and Regulations The rules and regulations for the establishment and operation of the UniSuper Fund. Trustee The body that is responsible for managing the UniSuper Fund in accordance with superannuation law and the Fund s governing rules.
8 13 Your super when you leave your job Defined Benefit Division members 14 Defined Benefit Division members If you re a Defined Benefit Division (DBD) member, you generally must decide what to do with your defined benefit component within 90 days of leaving your employer. What if you don t make a decision? If you don t elect to defer your defined benefit component within the option period, your defined benefit and accumulation components will be converted into a lump sum and transferred to an Accumulation 1 account 1, provided you have not already recommenced as a contributing member of the DBD. The meaning of common terms used in this section are explained on pages 11 and 12. Your options In most cases, your defined benefit has two components a defined benefit component and an accumulation component. 2 During your option period you can: defer your defined benefit component in the DBD, or transfer your defined benefit component to an Accumulation 1 account. You might also be eligible to access your benefit. To find out more, refer to page In the period between ceasing to be a contributing member to the date of processing the transfer to Accumulation 1, your defined benefit component will be calculated and invested in the same way as if you had elected to transfer to Accumulation 1 (see page 15). 2 To see how the components work, refer to the Defined Benefit Division and Accumulation 2 Product Disclosure Statement available from unisuper.com.au. Before you make a decision regarding your defined benefit component, you should consider obtaining advice from a qualified financial adviser to help determine the right option for you. It s important to consider your options carefully as your decision could impact your future retirement benefit. You should also consider the funding risks associated with defined benefits (see page 17) as well as the investment risks associated with accumulation benefits (see page 18). What it means to defer your defined benefit If you elect to defer your defined benefit component in the DBD within the option period, your defined benefit component will remain in the DBD and you will become a deferred DBD member. 3 Your defined benefit will continue to accrue, even if you don t receive any employer contributions, but the rate of accrual is likely to be significantly lower than it was while you were a contributing member. If you start a new job with a UniSuper participating employer within the option period and are eligible for DBD membership with your new job, you will continue to be a DBD member so long as you a) haven t already transferred your defined benefit component to Accumulation 1, or b) claimed your benefit. What happens if you defer your component in the DBD If you elect to defer your defined benefit component: you will maintain your membership in the DBD, which may be useful if you are planning in future to work in a role which allows you to join the DBD. your defined benefit will increase in line with inflation, as measured by the Consumer Price Index (CPI), and agerelated factors. However, depending on the date you joined the DBD, during deferral your benefit may increase at a rate slightly lower than inflation because of the effect of the Average Service Fraction (ASF) on your benefit formula. your defined benefit component will generally be protected from investment market volatility, subject to risks associated with defined benefits and Clause 34 of UniSuper s Trust Deed (see page 17). if you joined the DBD prior to 1 July 1998 and have continuously been a DBD member since then, you will still be eligible to purchase a Defined Benefit Indexed Pension. 4 3 If you elect to defer, you can request to transfer your benefit to an Accumulation 1 account at any time. 4 Your Defined Benefit Indexed Pension will commence from the date it is established (i.e. payments will not be backdated to the date you ceased to be a contributing member). If you elect to convert your defined benefit component into an accumulation benefit and transfer it to Accumulation 1, you will no longer be eligible for a Defined Benefit Indexed Pension.
9 Your super when you leave your job Defined Benefit Division members Defined Benefit Division members Becoming a contributing DBD member after deferring If you defer your defined benefit component and are later employed in a role where you are eligible to join the DBD, you will again become a contributing member of the DBD. Your deferred benefit component will cease to be deferred and will again accrue at the rates applicable to a contributing member. Note that if you recommence your DBD membership on or after 1 January 2015, your defined benefit component will be impacted by changes to the way future benefits accrue from 1 January 2015 (see page 17). What it means to transfer to Accumulation 1 If you elect to transfer your defined benefit component (together with your accumulation component) to an Accumulation 1 account 5, it will be converted to a lump sum in accordance with the applicable defined benefit formula before being transferred. 6 In the period between ceasing to be a contributing member of the DBD to the date of processing the transfer to Accumulation 1, your defined benefit will generally continue to accrue in the same way it would have if you chose to defer your defined benefit component in the DBD. 7 The example on the following page sets out how the formula applies if you cease service after 1 January For more information on Accumulation 1, see the Accumulation 1 Product Disclosure Statement (PDS). The PDS includes information about MySuper. If you transfer to Accumulation 1, any part of your account held in the Balanced investment option will form part of our MySuper offering. 6 The defined benefit formula used to calculate the lump sum depends on a number of factors and when you joined the Fund. For more information, refer to your latest benefit statement. Your final DBD calculation will be produced once we receive final contributions from your employer and confirmation of your termination date. This process may take some time depending on your employer s payroll and administration systems. 7 Different rules apply if you elect to receive part of your defined benefit component as a Defined Benefit Indexed Pension. Example Bob s leaving service/retirement benefit Bob is 61 years old and ceased service on 30 June He has been a UniSuper member for 10 years and is receiving 17% employer contributions, with 14% paid into the defined benefit component and 3% to his accumulation component. His three year Benefit Salary is $55,000, his five year Benefit Salary is $52,500, and his accumulation component is $20,000. Bob s leaving service benefit will be made up of the sum of his defined benefit component and his accumulation component. As he is older than 60, no tax applies to his benefit when it is withdrawn. Bob s leaving service benefit upon ceasing service at 30 June 2015 As Bob worked full time with the same employer, his average service fraction (ASF) is 100% at 30 June Having always made 7% standard member contributions, Bob s average contribution factor (ACF) is 100%. His defined benefit component 9 = Three Year Benefit Salary x Pre Clause 34 Benefit Service x Lump Sum Factor x Average Service Fraction x Average Contribution Factor PLUS Five Year Benefit Salary x Post Clause 34 Benefit Service x Lump Sum Factor x Average Service Fraction x Average Contribution Factor [$55,000 x 9.5 x 22.2% x 100% x 100%] PLUS [$52,500 x 0.5 x 22.2% x 100% x 100%] = $121,823 Bob s leaving service benefit Defined Benefit Component $121,823 Accumulation Component $20,000 Total leaving service benefit $ 141,823 The effect of being in deferral for one year on Bob s retirement benefit is shown in the following example. Bob s retirement benefit at 30 June 2016 after one year in deferral If Bob elected to defer his benefit at 30 June 2015 and remains in deferral for one year, his retirement benefit at 30 June 2016 is calculated using: A his three year and five year benefit salary at 30 June 2015 increased by one year of CPI (assuming CPI of 2.75%). an updated Lump Sum Factor as he is one year older, and an extra year s service with 0% service fraction (which gives an ASF of 90.91%). His defined benefit component 9 = Three Year Benefit Salary x Pre Clause 34 Benefit Service x Lump Sum Factor x Average Service Fraction x Average Contribution Factor PLUS Five Year Benefit Salary x Post Clause 34 Benefit Service x Lump Sum Factor x Average Service Fraction x Average Contribution Factor [$56,513 x 9.5 x 22.4% x 90.91% x 100%] PLUS [$53,945 x 1.5 x 22.4% x 90.91% x 100%] = $125,803 Bob s retirement benefit Defined Benefit Component $125,803 Accumulation Component $20,000 Total retirement benefit $145,803 9 The formula for a leaving service/retirement benefit varies depending on the date a member joined the DBD.
10 Your super when you leave your job Defined Benefit Division members Defined Benefit Division members Your transferred benefits Investment strategy Your transferred defined benefit component and any future contributions will be invested according to the future contributions strategy for your accumulation component. If you have not chosen a future contributions strategy, your transferred defined benefit component and any future contributions will be invested in the same way as current contributions to your accumulation component. If you don t have an accumulation component, your transferred defined benefit component and future contributions will be invested in our default investment option, the Balanced option, and form part of our MySuper offering. Recommencing DBD membership If you have an Accumulation 1 account and are later employed in a role where you are eligible to join the DBD, your Accumulation 1 benefit will be transferred to the DBD. Note that if you recommence your DBD membership on or after 1 January 2015, your defined benefit component will be impacted by the Trustee s decision to change the way future benefits accrue from 1 January THINGS TO CONSIDER Risks associated with defined benefits Defined benefits are supported by a pool of assets into which your employer contributes and which is automatically invested by UniSuper in a diversified portfolio of shares, property, bonds and cash. The DBD is designed on the basis that, in the long term, the investment returns are expected to be sufficient for the DBD to provide UniSuper s defined benefits. However, this is not guaranteed, and over short periods, the funding position may vary with investment volatility. There is a risk that the defined benefit pool is or could be insufficient to meet all obligations to DBD members, in which case your defined benefit may be reduced. Clause 34 and defined benefits UniSuper is governed by a document known as the Trust Deed. In simple terms, the Trust Deed sets out rules and processes which UniSuper must adhere to. Clause 34 of the Trust Deed outlines a process for the UniSuper Trustee its Board of Directors to manage the financial position of the DBD to ensure it can continue to pay member benefits as they fall due. Clause 34 does not apply to accumulationstyle super, such as accumulation benefits and Flexi Pensions. The process set out in Clause 34 is as follows. Essentially, where an actuarial review determines that the Fund s assets may not be sufficient to cover liabilities, a monitoring period of at least four years is triggered during which the DBD will be closely monitored. Over this period, further actuarial investigations will be conducted to assess the financial health of the DBD. After the end of this monitoring period, an assessment will be made about whether it is in the interests of members of the DBD as a whole to reduce the benefits payable from the DBD. If necessary, the benefits of DBD members may be reduced on a fair and equitable basis. How any reduction to DBD benefits might be managed would ultimately depend on the financial position of the DBD after the end of the monitoring period. There are three four-year monitoring periods in place relating to the DBD these conclude on 30 June 2015, 30 June 2016 and 30 June At the end of these periods, the Trustee may consider if further defined benefit reductions are required. For a detailed explanation of how the changes could affect you, refer to our website unisuper.com/dbdupdate. Under Clause 34, in 2013, the Board decided to use a new definition of benefit salary from 1 January 2015 which will impact the defined benefit formula that determines your final benefit when you leave the Fund. Your death, disablement and temporary incapacity benefits may also be affected by the changes because they are also calculated using your benefit salary. From 1 January 2015, your benefit salary will be averaged over your last five years of employment instead of three and annual salaries within the averaging period will no longer be indexed (by CPI) to the date of the benefit calculation. This change will only apply to benefits accrued from 1 January Benefits accrued up to 31 December 2014 will continue to be calculated using the former definition of benefit salary and will not be affected. For more detailed information about the change under Clause 34 of the Trust Deed and its effects, including several examples, go to the DBD Update page at unisuper.com.au/dbdupdate. Risks associated with accumulation benefits In choosing to transfer your benefits to Accumulation 1, you are exposing all of your benefit directly to positive or negative investment performance (from the date of transfer to Accumulation 1). For more information on investment risk, see the How we invest your money booklet (for Accumulation 1 and Spouse Account members), which is available at unisuper.com.au/pds, or by calling
11 19 20 Defined Benefit Division members Grandfathering of notional taxed contributions If you cease to be a contributing member of the DBD and defer your defined benefit component, you retain the benefit of any grandfathering arrangements you may have regarding the calculation of notional taxed contributions. This means that these arrangements will still apply if you become a contributing member of the DBD again (provided you continue to be eligible under the rules of the grandfathering arrangements). However, if your defined benefit component is transferred to Accumulation 1 (regardless of whether you ve chosen this option), you ll lose the benefit of any grandfathering arrangements you have. This means that if you return to the DBD as a contributing member, you will not have the benefit of the grandfathering arrangements. What are grandfathering arrangements? Although contributions caps apply to you as a DBD member, the level of concessional contributions made to your defined benefit component is calculated using a Notional Taxed Contribution (NTC) amount, rather than the actual amount of concessional contributions. Special arrangements apply when determining the NTCs for eligible members who were in the DBD before 12 May These arrangements often called grandfathering arrangements mean that where a member s NTC amount exceeds the concessional contributions cap, the NTC amount is deemed to be at the concessional contributions cap, and no additional tax is payable on contributions made to the DBD component. For more information on the taxation of contributions and NTCs, please refer to the fact sheet available at unisuper.com.au. Your insurance cover and inbuilt benefits As a Defined Benefit Division (DBD) member you are entitled to inbuilt benefits and insurance cover. Ceasing to be a contributing member of the DBD may affect your entitlements. Inbuilt benefits When you stop being a contributing member of the DBD, you re no longer entitled to inbuilt benefits unless you re eligible to claim a benefit under the Fund s continued inbuilt benefit provisions. This applies within the 90-day period from the date you ceased being a contributing member (in the context of inbuilt benefits, this is known as the 90-day continuation period), regardless of whether you defer your benefit in the DBD or transfer to Accumulation 1. About continued inbuilt benefit provisions You may be eligible to claim a benefit under the continued inbuilt benefit provisions if you suffer a terminal medical condition, disablement, temporary incapacity, or die within 90 days of the date you stop being a contributing member of the DBD. Under the provisions, the benefit for death, disablement or terminal medical condition is a lump sum equal to the inbuilt death benefit you would have received had you died immediately before the date you ceased contributing service, less the lump-sum benefit you were entitled to at that time. The temporary incapacity (TI) benefit is a monthly income benefit based on the following formula: Your Benefit Salary x 60% x Average Service Fraction. The TI benefit is calculated as at the date you ceased contributing service and is paid for up to two years. To be eligible to claim a terminal medical condition, disablement or temporary incapacity benefit under the Fund s continued inbuilt benefit provisions, you must satisfy the relevant definition in the Trust Deed.
12 21 22 Your insurance cover and inbuilt benefits You will generally not be eligible for a continued inbuilt benefit if you: cease to be a UniSuper member within the 90-continuation day period, re-commence employment with a UniSuper participating employer and again become a contributing member of the DBD within the 90-day continuation period, were entitled to a terminal medical condition, disablement or temporary incapacity benefit prior to the date you ceased contributing service, and/or are aged 60 years or older on the date you ceased being a contributing member. 1 If you subsequently recommence as a contributing member of the DBD, you will again be eligible for inbuilt benefits. However, if this happens more than 90 days after you stopped being a contributing member, you may be subject to the three-year pre-existing medical condition exclusion, irrespective of whether you elected to defer or transfer your benefit. Inbuilt benefits may also not be payable if: you fail to provide the Trustee with requested information, the information you provide is unsatisfactory, false or misleading, or you fail to disclose relevant information to the Trustee. 1 There is no age restriction for temporary incapacity. 2 TAL Life Limited, ABN , AFSL No External insurance cover As a DBD member, in addition to the inbuilt death and disablement benefits provided, you can also take out insurance cover through a group life policy held with our Insurer 2 (if you re eligible). Any external insurance cover you have as part of your UniSuper membership will continue as long as you have a sufficient balance in your accumulation component or account to pay your premiums, and meet the policy terms and conditions. Your external insurance cover will cease if your: accumulation component doesn t have enough funds to pay the premiums, or superannuation benefit in UniSuper is less than $2,000 and you have not received any contributions or transfers for 12 consecutive months. In this case, your cover will cease from the date you have been advised in writing that your cover has ceased. Refer to Insurance in your super important information booklet available at unisuper. com.au/pds for information on other events that will result in the cessation of insurance cover, reinstatement of cover and other eligibility conditions. More information For more information, please refer to Insurance in your super important information booklet, which is available at unisuper.com.au/pds, or call us on Accumulation 2 members If you re an Accumulation 2 member and you cease employment with a UniSuper participating employer, your Accumulation 2 benefit will automatically be transferred to an Accumulation 1 account. The meaning of common terms used in this section are explained on pages 11 and 12. Your accumulation account When you stop being a contributing member of Accumulation 2, your benefit will automatically be transferred to an Accumulation 1 account, unless you have already started a new job that makes you eligible for Accumulation 2 membership. Your benefit will be your account balance less any fees, charges and taxes that apply. The future contributions investment strategy applicable to your account won t change when you transfer from Accumulation 2 to Accumulation 1, unless you make a change. When your Accumulation 2 benefit is transferred to an Accumulation 1 account, you re no longer required to make standard member contributions.
13 Your super when you leave your job Accumulation 2 members Accumulation 2 members Your insurance cover and inbuilt benefits Inbuilt benefits If you ceased being a contributing member of Accumulation 2 before 3 January 2015, you will no longer be entitled to inbuilt death and disablement benefits unless you re eligible to claim a benefit under the Fund s continued inbuilt benefit provisions. This applies if you suffer a terminal medical condition, disablement, temporary incapacity or die within the 90-day period from the date you ceased being a contributing member (in the context of inbuilt benefits, this is known as the 90-day continuation period). Important Information Please be aware that from January 2015, inbuilt benefits have not been provided to Accumulation 2 members. Accumulation 2 members now receive Death, Total and Permanent Disablement (TPD) and Income Protection cover provided by UniSuper s Insurer, TAL Life Limited. For more information, go to unisuper.com.au/insurance/ my-insurance. 1 There is no age restriction for temporary incapacity. Under the continued inbuilt benefit provisions, the benefit for death, disablement or terminal medical condition is a lump sum equal to the inbuilt death benefit you would have received from your Accumulation 2 account had you died immediately before the date you ceased contributing service, less the lump-sum benefit you were entitled to at that time. The temporary incapacity (TI) benefit is a monthly income benefit, calculated as Your Benefit Salary x 60% x Average Service Fraction at the date you ceased contributing service. It is paid for up to two years. To be eligible to claim a terminal medical condition, disablement or temporary incapacity benefit under the Fund s continued inbuilt benefit provisions, you must satisfy the relevant definition in the UniSuper Trust Deed. You will generally not be eligible to receive a continued inbuilt benefit if you: cease to be a UniSuper member within the 90-day contribution period, re-commence employment with a UniSuper participating employer and again become a contributing member of Accumulation 2 within the 90-day continuation period, were entitled to a terminal medical condition, disablement or temporary incapacity benefit prior to the date you ceased contributing service, and/or are aged 60 years or older on the date you ceased being a contributing member. 1 Inbuilt benefits may also not be payable if: you fail to provide the Trustee with requested information, the information you provide is unsatisfactory, false or misleading, or you fail to disclose relevant information to the Trustee. Insurance cover Any insurance cover you have as part of your UniSuper membership will continue as long as you continue to have a sufficient balance in your accumulation account to pay your premiums and meet the policy terms and conditions. Your cover will cease if your: account has insufficient funds to pay the premiums, or superannuation benefit in UniSuper is less than $2,000 and you have not received any contributions or transfers for 12 consecutive months. In this case, your cover will stop from the date you have been advised in writing that your cover has ceased. More information For more information, including events that will lead to ceasing or reinstating your insurance cover, eligibility conditions and reinstatement of cover, please refer to Insurance in your super important information booklet, which is available at unisuper.com.au/pds or by calling
14 25 Your super when you leave your job Accumulation 1 members 26 Accumulation 1 members As an Accumulation 1 member, your super entitlements are held in an Accumulation 1 account, where your balance is maintained, net of fees and costs. The meaning of common terms used in this section are explained on pages 11 and 12. Your accumulation account If you were an Accumulation 1 member prior to leaving your job, your account will stay open and your balance will remain invested in the same investment options your account was invested in when you left your job. Your Accumulation 1 account will earn the investment returns of your chosen investment option(s). The investment returns of each investment option are affected by movements in the investment markets and may be positive or negative in any given period. Your Accumulation 1 benefit will be your account balance less any applicable fees, costs and taxes (plus any death or disablement benefit, if applicable). Effective from the date you leave employment and until you instruct UniSuper otherwise, your benefit will remain in the investment option(s) you have chosen for your account. What happens if you start a new job with a UniSuper participating employer and are eligible for Accumulation 1 membership? Nothing changes your Accumulation 1 membership continues. Simply advise your new employer of your existing UniSuper member number and they will make contributions into your account. Your balance will remain invested in your existing investment option(s) (unless you choose new ones). your new job qualifies you for Defined Benefit Division (DBD) or Accumulation 2 membership? If your job qualifies you for DBD or Accumulation 2 membership, you will become a DBD or Accumulation 2 member. if your new employer offers you choice of fund? You can ask them to pay your compulsory Superannuation Guarantee (SG) contributions into your UniSuper Accumulation 1 account. All you have to do is fill out the Super Choice Fund nomination form in this booklet (which includes the Trustee Compliance letter), and give it to your new employer s HR or payroll department (whoever looks after super). It s that simple. For more information on nominating us as your chosen fund, see pages 5 and 6. you re not eligible for Choice of Fund? Even if you aren t eligible to choose which super fund your compulsory super contributions are paid into, you can still keep your existing Accumulation 1 balance in UniSuper. This means you can continue to enjoy the range of benefits that UniSuper provides. Your account will remain invested in the same investment option(s) as at the time you left your job. The investment returns of each investment option are affected by movements in the investment markets and may be positive or negative in any given period. Your insurance cover Any insurance cover you have as part of your UniSuper membership will continue, as long as you maintain your accumulation account and meet the policy terms and conditions. Your insurance cover will cease if your: account has insufficient funds to pay the insurance premiums, or your superannuation benefit in UniSuper is less than $2,000 and you have not recieved any contributions or transfers for 12 consecutive months. More information To find out about insurance cover including other events that will lead to ceasing or reinstating your insurance cover, eligibility conditions and reinstatement of cover, please refer to Insurance in your super important information booklet, which is available at unisuper.com.au/pds or by calling
15 27 28 Need help making the right decision? Need help making the right decision? Making decisions about your super can feel daunting, especially if you re not confident about how your choice will impact your future savings and bigger financial picture. Wherever you are in your journey whether you re just starting out, nearing retirement, or somewhere in between UniSuper Advice 1 can help you with the decisions you re facing. Our advisers are solely dedicated to helping you and your spouse with your finances, which means you get personal financial advice from a team with unique, in-depth knowledge of UniSuper and the higher education and research sector. We operate Australia-wide, providing phone-based and face-to-face advice, and can help with a variety of financial issues including: superannuation strategies beyond superannuation, such as: transitioning to retirement investment strategies debt management redundancy advice income planning wealth accumulation insurance estate planning social security planning. No matter what your stage of life, it s never too late to plan your financial future. Advice fees There s a general misconception that financial advice is only for the wealthy. At UniSuper, we understand our members have diverse financial situations, so we provide different financial advice options to make it as accessible and affordable for all our members, regardless of how much you earn or have saved. General information is provided at no additional charge to UniSuper members, while phone-based advice and face-toface advice are provided at either fixed or hourly rates, depending on the extent of your requirements. After assessing your needs during your first meeting, we will provide you with a quote detailing any potential fees before you decide to proceed. Keep in mind all or part of the advice fees may be deducted from an eligible account.* You can learn more about our fees in our Financial Services Guide, which is available at unisuper.com.au. More information To contact UniSuper Advice, please call or us at UniSuper Advice is operated by UniSuper Management Pty Ltd, which is licensed to provide financial advice. Plan your retirement with us You may be considering retirement after years of saving and hard work. Whatever you want to be and whatever you want to do in retirement, you ll need a regular flow of income for the years ahead. UniSuper offers a range of options to suit your retirement income needs. Whether you want investment choice, flexibility in the level of income you receive each year, the ability to make lump-sum withdrawals or nominate who ll receive the balance of your pension when you re gone, we have a pension to suit you. And the good news is that the income you receive from any UniSuper pension is tax free from age 60. For more information, refer to Your guide to a better retirement booklet available on our website. 1 Not all estate planning services are available through UniSuper Advice. A UniSuper Advice financial adviser may refer you to a third part to receive specialist advice, including legal advice. * Any advice paid for from your UniSuper account must be related to your super and/or super-related retirement planning.
16 29 30 Accessing your benefit Accessing your benefit Super is a long-term investment with government restrictions on when you can access your super benefit. Generally, your super must remain in the super system until you permanently retire from the workforce on or after reaching your preservation age. From 1 July 1999, all super contributions and investment earnings must be preserved. Your super benefits are classified into three components known as preservation components that determine when you can access them. The preservation components are: preserved restricted non-preserved unrestricted non-preserved. Accessing your benefit Before you decide whether to access your benefit, we can provide you with a benefit entitlement statement detailing your estimated benefit entitlements. This may be useful when considering your options. Please call us on if you would like to obtain a benefit entitlement statement. Preserved benefits Generally, you cannot withdraw your preserved benefits until you have met what s known as a condition of release. Conditions of release The conditions of release include: permanently retiring from the workforce on or after reaching your preservation age, terminating employment after you reach 60, reaching age 65, becoming permanently incapacitated, being eligible for the Departing Australia Superannuation Payment (DASP), terminating employment with an employer who contributed to UniSuper on your behalf, and having a preserved benefit of less than $200, death, or a terminal medical condition. Your date of birth Preservation age Before 1 July July June July June July June July June July 1964 or after 60 Your preservation age varies depending on when you were born (see table above). Accessing your preserved benefits before you retire Under the preservation rules, you may also be able to access preserved benefits early, in the following limited circumstances, provided you satisfy the eligibility criteria: Specified compassionate grounds You must apply directly to the Department of Human Services (DHS). Severe financial hardship grounds You must apply to the Trustee and you must be receiving eligible Commonwealth Government income support benefits. However, there are limits on how much you can withdraw from your super on the above two grounds. Contact DHS or UniSuper for more information. Restricted non-preserved benefits Generally, you can access restricted non-preserved benefits when you cease employment with an employer who contributed to UniSuper on your behalf. You can also access these benefits if you meet a condition of release. Unrestricted non-preserved benefits Unrestricted non-preserved benefits are benefits that you re no longer required to keep within the super system. You can generally access unrestricted nonpreserved benefits at any time, regardless of your age, employment situation or financial position.
17 Your super when you leave your job Accessing your benefit Accessing your benefit Additional restrictions for DBD members In addition to the preservation rules, if you re a DBD member, the UniSuper Trust Deed and Regulations impose further restrictions under the Fund s governing rules that limit when you can access your defined benefit component. Generally, if you re a contributing member of the DBD, you may only withdraw or transfer all or part of your defined benefit component if it s entirely made up of unrestricted non-preserved benefits. If you choose to withdraw or transfer your defined benefit component to another super fund, you will cease to be a DBD member, and any remaining defined benefit component you have will be converted into an accumulation benefit and transferred to an Accumulation 1 account. 1 Any future contributions will be made into this account. Different rules also apply to requests for early access of benefits on severe financial hardship or compassionate grounds. Temporary residents Government legislation places restrictions on temporary residents accessing their benefits. An eligible temporary resident whose visa has expired or been cancelled is able to claim their super benefit directly from UniSuper within six months of departing Australia, or from the ATO at any time. They can also claim their benefit upon permanent incapacity, terminal medical condition or death. Refer to our Departing Australia superannuation payment fact sheet, which is available at unisuper.com.au or by calling , or visit the ATO website at New Zealanders If you re a New Zealander and are permanently emigrating from Australia to New Zealand, you may be eligible to transfer your UniSuper benefit to an authorised KiwiSaver scheme provider. To check the eligibility criteria, refer to the Transfer your UniSuper account to KiwiSaver fact sheet, which is available at unisuper.com.au or by calling us on Providing proof of identity Anti-money laundering and counter terrorism financing legislation requires super funds to identify, monitor and have measures in place to reduce the risk that the fund may be used as a vehicle to launder money or finance terrorism. This means you will be required to prove you are the person to whom the superannuation entitlements belong. By law, you are required to provide certified copies of proof of identity documents in certain circumstances, e.g. when withdrawing your benefit, receiving a death benefit, starting a pension and, in some circumstances, transferring your super to another fund. Transferring your benefit to another super fund You can transfer all or part of your benefit to another complying super fund. We recommend that you speak to a qualified financial adviser before doing so. Keep in mind that UniSuper membership is not open to the public. If you close your UniSuper account you will not be able to become a member again unless you start working for another UniSuper participating employer. You will also not be able to purchase a UniSuper pension in the future. Leaving UniSuper may also have implications for any insurance cover you have through the Fund. Do you have to withdraw your super? You can choose to keep your super in UniSuper indefinitely while you continue working. Also, even if you have stopped making contributions and have retired from the workforce, you don t have to withdraw your benefit if you don t wish to you can keep your money with us. Tax implications of accessing your benefit If you re thinking of taking some or all of your super benefit or transferring it to another super fund, it s important to consider the tax implications before making any decision. Tax on your benefit You may have to pay tax when you withdraw your benefit from UniSuper. Any applicable tax will normally be deducted from your benefit before it is paid. If you re aged less than 60 Tax may be deducted from your benefit. The amount of tax payable will depend on a number of factors, including your age and the preservation components of your benefit. If you re aged 60 or older Your benefit will be tax free, regardless of whether you receive it as a lump sum or pension. 1 Different rules apply if you establish a Transition to Retirement (TTR) pension.
18 33 34 Accessing your benefit Your benefit generally comprises a tax-free and taxable component. No tax is payable on the tax-free component, irrespective of your age. Different tax rates apply on death benefits, and the taxable component of benefits taken as a pension or paid to temporary residents. When you make a lump-sum withdrawal, the amount you receive will be drawn down from these components in proportion to the amount in each. Tax on transfers No tax is payable if you transfer your super from one complying fund to another, unless the transfer is from an untaxed source, e.g. certain public sector super funds or an eligible termination payment. Taxation advice The taxation of super is complex. Before you access your benefit, UniSuper recommends you obtain taxation advice from a registered taxation agent. If you have any outstanding superannuation-related tax liabilities to the ATO, such as a Division 293 tax deferred account, you should also speak to the ATO and seek appropriate advice. Providing your tax file number (TFN) It is not an offence if you do not quote your TFN to us. However, providing your TFN will have the following advantages which may not otherwise apply: we will generally be able to accept all types of contributions to your account (legislated contributions caps apply) the tax on contributions to your account will not increase due to failure to provide your TFN other than the tax that may ordinarily apply, no additional tax will be deducted when you start drawing down your super benefits it will be easier to trace all the super accounts in your name, including in other super funds, to ensure you receive all of your benefits when you retire. If you provide us with your TFN, we can only use it for lawful purposes under superannuation and tax law. However, these lawful purposes and the consequences of not providing your TFN are subject to legislative changes. If you would like to provide us with your TFN, please call us on or download the Tax file number collection form from our website. More information For more information on the taxation of super, refer to the How super is taxed booklet (for Accumulation 1 and Spouse Account members) or the Defined Benefit and Accumulation 2 Product Disclosure Statement (PDS). Both are available at unisuper.com.au/pds or by calling Staying in touch We provide you with a number of options that make it easy for you to keep up to date with your super. MemberOnline Keeping track of your super is easy with MemberOnline. With our online portal you can: check your super balance monitor your transactions monitor your investments update your details access our educational tools and calculators manage your insurance. To register for MemberOnline, visit unisuper.com.au/memberonline or call us on to set up your secure access. Helpline If you d prefer to speak to a person, you can call us on and we ll be pleased to assist you with any query you have. unisuper.com.au An excellent source of information, our website helps keep you up to date with your super and UniSuper. Visit our website to: access online tools and calculators download forms and publications watch a tutorial online reserve your place at one of our many education seminars learn all about our investment options, their performance and the fees and costs involved. These are just some of the things you can do at our website, so save unisuper.com.au in your favourites today. Super Informed enews Our regular newsletter contains valuable, relevant and interesting information about super and broader financial issues. You can subscribe to Super Informed enews by updating your address via MemberOnline or calling us on Updating your details You can update your details in a number of simple ways: log on to MemberOnline download and complete the Change of details form super members from our website and give us your new details call us on or write to us at: UniSuper Level 35, Bourke Street Melbourne Vic 3000.
19 Helpline A A 8.30am to 7.00pm Monday to Thursday 8.30am to 6.30pm Friday (Melbourne time). Fax Website unisuper.com.au Address UniSuper Level 35, 385 Bourke Street Melbourne Vic 3000 Australia Printed on an environmentally responsible paper. UNIS
20 Super Choice - Fund nomination form Complete this form and provide it to your employer if you wish to nominate UniSuper as your chosen fund to receive your future superannuation guarantee contributions. Important information Some employees may not be able to choose their own super fund. Please speak to your employer or visit for more information about Choice of Fund. Note to employers Choice of Fund legislation provides that this form can be used by an employee to nominate a chosen fund instead of the Standard Choice form issued by the Australian Taxation Office. The Trustee s letter of compliance and information about how to make contributions to UniSuper on behalf of the employee are set out on the back of this form. SECTION 1 Personal details Please use BLACK or BLUE BALL POINT PEN and print in CAPITAL LETTERS. Cross where required Title Mr Mrs Ms Dr Professor Other Surname Given name Address Suburb/Town State Postcode Date of birth (DDMMYYYY) Employee identification number/payroll number (if applicable) Return you completed and signed form to: Please provide your completed and signed form to your employer. Do not return this form to UniSuper. SECTION 2 Fund details Fund name UniSuper Fund address Level 35, 385 Bourke Street Melbourne Vic 3000 Fund Australian Business Number (ABN) Superannuation Product Identification Number (SPIN) UNI0001AU Unique Superannuation Identifier (USI) Phone Membership number (If you are unsure please refer to your most recent benefit statement) SECTION 3 Choice of Fund nomination I wish to nominate UniSuper as my chosen fund for my future superannuation guarantee contributions. Signature Date (DDMMYYYY) Employer Records (Employer use only) This section must be completed by the employer after the employee returns the completed form to you. Date valid choice of fund is accepted (DDMMYYYY) Date you act on your employee s valid choice of fund (DDMMYYYY) Do not send a copy of this form to the ATO or to UniSuper. You must keep a copy of this form for your own records for a period of 5 years. Fund: UniSuper ABN Trustee: UniSuper Limited ABN Level 35, 385 Bourke Street, Melbourne Vic 3000 Administrator: UniSuper Management Pty Ltd ABN AFSL UNISF July 2013
Defined Benefit Division and Accumulation 2 Product Disclosure Statement Issued 1 October 2015 by UniSuper Limited ABN 54 006 027 121 A A DBD member, Associate Professor Elizabeth Koch OAM, Elder Conservatorium
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
Member Booklet Supplement How super works July 205 The information in this document forms part of the First State Super Member Booklets (Product Disclosure Statements) for: Employer Sponsored members dated
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
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
Insurance Guide PDS Supplement we make it easy for you Dated 10 November 2015 CARE Super Pty Ltd (Trustee) ABN 91 006 670 060 AFSL 235226 CARE Super (Fund) ABN 98 172 275 725 PDS Supplement The information
Super Informed Accumulation 2 This special edition of Super Informed should be read together with your personalised letter and estimate, which together form a Significant Event Notice. October 2014 2 About
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
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
Fact Sheet Super taxes, caps, payments, thresholds and rebates This fact sheet provides a useful one-stop reference guide to the tax rates, caps, thresholds and rebates that apply or are related to superannuation
State Super retirement FuND Additional Information Booklet Date of Issue 20 January 2015 State Super Financial Services Australia Limited ABN 86 003 742 756 Australian Financial Services Licence No. 238430
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
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
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
REST Super Member Guide Effective 1 October 2015 REST Super has a MySuper option The information in this document forms part of the REST Super Product Disclosure Statement (PDS), effective 1 October 2015.
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
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
MY SUPER APPROVED WA Super Insurance 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 Member
BT Business Super 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 Information
> 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
Insurance in your super The information in this document forms part of the: UniSuper Accumulation 1 Product Disclosure Statement issued on 3 January 2015 UniSuper Defined Benefit Division and Accumulation
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:
A DIFFERENT KIND OF WEALTH MANAGEMENT FIRM www.jaswealth.com.au Superannuation 101 Everything you always wanted to know but were too afraid to ask What is Superannuation? Superannuation 101 Contents What
SOUTH AUSTRALIAN AMBULANCE SERVICE SUPERANNUATION SCHEME Product Disclosure Statement Product Disclosure Statement Date of issue: September 2015 IMPORTANT INFORMATION Issuer Super SA Board ABN 81 557 964
Defined Benefit Account Guide Including the Deferred Retirement Benefit Issued 7 September 2015 2 Defined Benefit Account Guide Who s this guide for? Read this guide if you have a Defined Benefit account
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
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.
Your guide to a better retirement July 2015 Inside A Are you ready to retire? A What will your retirement look like? Planning your retirement A How UniSuper can help Virginia Laurinaitis, who previously
How super works VicSuper FutureSaver Member Guide Date prepared 1 July 2015 The information in this document forms part of the VicSuper FutureSaver Product Disclosure Statement (PDS) dated 1 July 2015.
Issued ₁ July ₂₀₁₅ Insurance guide SignatureSuper AMP Life fact sheet AMP Corporate Super Registered trademark of AMP Life Limited ABN 84 079 300 379. The information in this document forms part of the
Issued ₁ July ₂₀₁₅ Insurance guide SignatureSuper AMP Life Association and Personal fact sheet AMP Corporate Super Registered trademark of AMP Life Limited ABN 84 079 300 379. The information in this document
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
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
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
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
Product Disclosure Statement bcu Retirement Savings Account (Current as at August 20, 2014) Bananacoast Community Credit Union Ltd ABN 50 087 649 750 AFSL No. 241077 The information in this PDS is general
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
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:
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
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
SUP E R ANNUATION Contributing to your super GESB Super and West State Super ISSUE DATE: 1 July 2015 PREPARATION DATE: 26 June 2015 Government Employees Superannuation Board ABN 43 418 292 917 Contents
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
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
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
Investment Bond & Rollover This report includes: Deferred Annuity Capital Guaranteed Collection Rollover Rollover Portfolio and Rollover Parking Fund Capital Guaranteed Collection Investment Bond Investment
ESSS Defined Benefit Fund Product Disclosure Statement For operational emergency services members Proudly serving our members Issued 1 January 2016 Issued by: Emergency Services Superannuation Board ABN
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
Your 14.3% Defined Benefit Product Disclosure Statement Scan this image using your smartphone s camera to go directly to apss.com.au to learn more about your super in the APSS and check your current APSS
SignatureSuper Insurance Guide Fact Sheet Association and SignatureSuper Personal Plans AMP Life Limited Issued 30 June 2014 AMP Corporate Super The information in this Fact Sheet forms part of the SignatureSuper
Fact sheet RBF Tasmanian Accumulation Scheme Redundancy Important note This information is only for members of the RBF Tasmanian Accumulation Scheme. Please refer to the Membership Category as shown on
GPO Box 4758 Sydney NSW 2001 Telephone 1800 023 928 Facsimile (02) 9303 7700 oursuperfund.com.au Keep your exclusive membership if you leave employment with the Group Dear Member For more than 95 years,
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
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
How super is taxed Date of issue: 1 July 2015 mtaasuper.com.audate Phone: 1300December 362 415 2014 Fax: 1300 365 142 of issue: The information in this document forms part of the Product Disclosure Statement
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,
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.
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
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
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
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
Career transition guide We empower you. westernpacific.com.au Contents Introduction 3 Coming to terms with redundancy 3 Assessing your financial position 4 Securing employer payments 5 Redundancy and your
Issued ₁ July ₂₀₁₅ Flexible Lifetime Super Insurance fact sheet Registered trademark of AMP Life Limited ABN 84 079 300 379. This document is a fact sheet for the product disclosure statement (PDS) dated
Supplementary Product Disclosure Statement Your guide to pensions Defined Benefit Indexed Pension Product Disclosure Statement Date issued: 1 July 2015 This Supplementary Product Disclosure Statement (SPDS)
Booklet 1 Getting the best out of your superannuation savings MAStech Smart technical solutions made simple Contents Introduction 01 Introduction 03 Saving through super 08 How a super fund works 09 How
How super is taxed guide (AP.4) Issued 1 January 2016 The information in this document forms part of the ESSSuper Accumulation Plan Product Disclosure Statement dated 1 January 2016. Contents Providing
ANZ Superannuation Savings Account ADDITIONAL INFORMATION GUIDE 21 JUNE 2012 Issued by OnePath Custodians Pty Limited ABN 12 008 508 496, AFSL 238346, RSE L0000673 About this Additional Information Guide
Retirement made easy Helping you achieve your retirement goals rest.com.au/restpension 1300 305 778 Helping you achieve your retirement goals As you near retirement you probably have a number of questions
Making the Most of Your Super For many people, super is one of the best ways to accumulate wealth. The Government provides tax benefits to encourage people to fund their own retirement. With more Australians
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
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
Hostplus Salary Sacrifice August 2015 Taking the mystery out of salary sacrifice Learn how you can pay less tax, get more super and make a big difference to your future Welcome Thinking about how you can
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
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
Nestlé Australia Group Superannuation Fund Information about your super Greg Hughes - Russell Investments What we are going to talk about today.. How to find out more about your super In particular: Your
> 1 Triple S Death and Total and Permanent Disablement (TPD) insurance provides cover to help ease the financial burden in case of your illness, injury or death. The level of Death and TPD insurance members
This document forms part of the NGS Super Member Guide (Product Disclosure Statement) dated 14 August 2015 LIFE, DISABILITY AND INCOME PROTECTION * FACT SHEET 6 14 AUGUST 2015 It s vital that you re prepared
Booklet 2 Superannuation: dealing with life s changes MAStech Smart technical solutions made simple Contents Introduction 01 Introduction 03 Accessing your superannuation benefits 04 Conditions of release
Super Funds Comparison Worksheet This worksheet has been prepared for new and prospective Defined Contribution members of. However, it is NOT relevant to Income Stream, Market Linked Pension or Defined
PSSFAQ1 10/13 Redundancy FAQ PSS Members How do I request a benefit estimate? In order to obtain a benefit estimate for redundancy, voluntary or involuntary retirement, we require your employer to complete
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,