Information for financial advisers/planners about Accumulate Plus.
If you are providing your client with advice about their account in our fund, below are some details to assist with your client conversations.
|Minimum account balance (applies to post-employment members only)
|Minimum amount for cash withdrawals
|Minimum amount for partial rollovers
|Asset allocations and investment option information
||Refer to the Member Guide (PDS) and Reference Guide: Investments|
|Account-Based Pension or TRIS available?
||Yes – Retirement Access|
|Spouse account available?
|Choice of super fund contributions available to post-employment members?
|Insurer||AIA Australia Limited (ABN 79 004 837 861, AFSL 230043)
|Premiums stepped or level||Stepped; level premiums are unavailable|
|Occupation classes||White collar only (for new applications for cover)*|
|Increasing claims option||Unavailable|
|Is terminal illness cover included?
|Life cover buyback
||To apply for cover, member must be under age 70; cover ceases upon turning 70
|Maximum sum insured
|Auto acceptance limit
|Can this cover be standalone?||No, must be linked to death cover|
|Any or own occupation||Any occupation only|
|TPD definition unlikely or unable||Unlikely|
|Maximum sum insured||$3,000,000|
|Auto acceptance limit||$1,500,000|
|Expiry age||To apply for cover, member must be under age 70; cover ceases upon turning 70|
|Agreed value or indemnity?||Indemnity. Agreed value is unavailable|
|Maximum sum insured||Lesser of (i) 75% of monthly income or (ii) $25,000 per month|
|Is auto acceptance available?||No|
|Waiting period||Choice of 30 days or 90 days|
|Benefit payment period||Choice of 2 years or until age 65|
|Expiry age||To apply for cover, member must be under age 65; cover ceases upon turning 65|
The following fees and costs are included in the Product Disclosure Statements (PDS) for Accumulate Plus and Retirement Access, issued on 1 July 2021. Please confirm that these are the most recent PDS documents.
|Fixed administration fee||
Accumulate Plus: $6.471 (gross) per month
Retirement Access TRIS: $6.471 (gross) per month
Retirement Access Account-Based Pension: $5.50 (gross) per month
|Asset-based administration fee||All accounts: 0.17%1 (gross) of account balance balance per year|
|Investment option||Estimated investment fees and costs (gross % p.a.)1||Estimated transaction costs (gross % p.a.)1|
|Conservative / Conservative TRIS||0.25||0.05|
|Moderate / Moderate TRIS||0.34||0.07|
|Balanced (MySuper) / Balanced TRIS||0.43||0.09|
|Growth / Growth TRIS||0.45||0.09|
|Cash / Cash TRIS||0.06||0|
Please note there are no fees for:
For more details on an Accumulate Plus or Retirement Access account, please refer to the Member Guide (PDS) and Reference Guides.