If you are providing your client with advice about their account in our fund, please see below 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: Invest your account|
|Account-Based Pension or TRIS available?
||Yes - Retirement Access|
|Spouse account available?
|Choice of super fund contributions available post-employment members?
|Insurer||The Colonial Mutual Life Assurance Society (CMLA)|
|Premiums stepped or level||Stepped. Level premiums are unavailable|
|Occupation classes||White collar only|
|Increasing claims option||Unavailable|
|Is terminal illness cover included?
|Life cover buyback
||70 – to apply for cover, member must be under age 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||70 – cover expires when member turns 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|
|Expiry age||Next premium due date after you reach age 65|
The following fees are included in the Product Disclosure Statements (PDS) for Accumulate Plus and Retirement Access, both issued on 1 July 2018. 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||Investment fee1 estimated for the 12 months to 30 June 2018 (gross % p.a.)|
|Conservative / Conservative TRIS||0.35|
|Moderate / Moderate TRIS||0.48|
|Balanced (MySuper) / Balanced TRIS||0.56|
|Growth / Growth TRIS||0.58|
|Cash / Cash TRIS||0.08|
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.