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Very low fees |
- NO entry/establishment fee
- NO contribution fees
- NO withdrawal fees
- NO termination fees
- NO investment switching fees
- NO buy/sell spreads
- NO family law or account splitting fees
- NO rollover or transfer-in fees
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- A weekly administration fee of 70 cents for all members (including allocated pensioners).
- Investment costs - projected costs for 2007/2008 range between 0.12% and 0.79%, depending on the member's investment option(s). Investment costs are deducted from unit prices.
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Insurance (insurance cover is not available to allocated pension members) |
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Death and Permanent Disablement Insurance
- Any member can apply for insurance cover.
- Choice of unit based or fixed cover.
- Automatic death and TPD cover of 10 units for members receiving employer contributions in AGEST (some conditions apply). Automatic cover (10 units) costs $2.50 per week (25 cents per unit per week). Up to age 35, this premium provides cover of $180,000 and reduces each year thereafter. Members can apply for more cover, often without evidence of health, or cancel their cover.
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Income Protection Insurance
- Any member earning an income and working no less than 60 hours per month can apply.
- You can choose between 3 different waiting periods for benefits - 30, 60 or 90 days.
- You can apply for cover up to 75% of income.
- You can have your cover indexed by 5% per annum without ongoing evidence of health.
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Investment Choice and Investment Performance
(note that past performance should not be taken as an indication of future performance) |
- 12 investment options available
- Members can choose one option or any combination of the 12 options
- NO fees for investment choice
- Every member can choose
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Returns in financial year 2006 - 2007
(figures are after taxes and fees) |
Pre-mixed options
| Growth |
18.3% |
| Balanced |
15.5% |
| Moderate |
13.6% |
| Stable |
10.2% |
| Conservative |
6.9% |
| MultiStrategy |
10.9% |
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Single-sector options
| Australian Shares |
24.8% |
| International Shares (Hedged) |
19.7% |
| International Shares (Unhedged) |
5.1% |
| Listed Property |
21.3% |
| Fixed Interest |
3.2% |
| Cash |
5.1% |
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Allocated Pension |
- Anyone can join, including spouses
- A low fee, regular income stream in retirement
- Allocated pension members have the same investment choices as all other members
- They pay the same low administration fee as all other members - just 70 cents per week
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- Anyone who is eligible to contribute to a superannuation fund can join
- This is particularly attractive for spouses of existing members
- Potential tax advantages
- All members have the same low fees
- All members can access the same investment options and allocated pension
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Superannuation seminars |
Non Super benefits |
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We run free superannuation seminars.
Everyone is welcome to attend.
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Our members can access banking products from Members Equity Bank, commission-free financial planning from Industry Funds Financial Planning (IFFP) and commission-free investments from Super Members Investments. |
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Contributions we can accept |
- Employer superannuation contributions
- Spouse contributions
- Member voluntary (personal) after-tax contributions
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- Salary sacrifice contributions
- Government co-contributions
- Rollovers in from other superannuation funds
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If you require further information, please contact us. |
