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.

 

 

  • General
    • Minimum account balance (applies to post-employment members only)
      $1,500             
      Minimum amount for cash withdrawals
      $1,000
      Minimum amount for partial rollovers
      No minimum
      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?
      Yes
      Choice of super fund contributions available to post-employment members?
      Yes

  • Insurance
    • 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

      *A member isn't eligible to apply for new or increase cover (other than transferred cover or life events cover) if they're working in an occupation or industry that the insurer considers to be non-white collar. This condition doesn’t otherwise affect or reduce a member's benefit entitlement for any default cover they receive or for any cover accepted by the insurer while they were in a white-collar occupation or industry.

  • Death Cover
    • Is terminal illness cover included?
      Yes
      Life cover buyback
      Unavailable
      Expiry age
      To apply for cover, member must be under age 70; cover ceases upon turning 70
      Maximum sum insured
      $5,000,000
      Auto acceptance limit
      $1,500,000

  • Total and Permanent Disablement (TPD)
    • 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

  • Salary Continuance Insurance (SCI)
    • 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

  • Fees
    • 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.

      Administration fees

      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-related fees and costs

      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
      Fixed Interest 0.17 0.03
      Australian Shares  0.30 0.14
      International Shares  0.38 0.06

       

      Other fees 

      • Advice fees1: If a member receives financial advice from any authorised financial adviser in relation to their super benefits in our fund, the member may elect for us to pay the fee, which they agree with their adviser, to the adviser and deduct the amount from their Accumulate Plus or Retirement Access account balance. This advice fee will only be deducted from the account upon agreement from the member and the financial adviser. Some conditions apply. Download our Request to pay advice fee form for more information.
      • Insurance fees (premiums)1: Premiums apply for any insurance cover in Accumulate Plus, including default (automatic) or voluntary cover. Refer to the relevant Reference Guide: Insurance cover for premium rates.

      Please note there are no fees for:

      • switching investment options
      • making a withdrawal
      • opening or closing an account
      • contributing to an account
      • buy/sell spread. 

      More information 

      For more details on an Accumulate Plus or Retirement Access account, please refer to the Member Guide (PDS) and Reference Guides.

       

      1  Figures shown on this page include the net effect of GST. For Accumulate Plus and Retirement Access TRIS accounts, the actual amount that members pay for this fee may be less than the figures shown, as any tax benefit that the fund is entitled to in relation to these fees may be passed on to members in the form of reduced fees and insurance premiums. 

For more details on your client's Accumulate Plus account, please refer to the Member Guide (PDS) for Accumulate Plus..