ANZ Staff Super’s low fees and competitive insurance cover have always offered members great value-for-money benefits. From 1 January 2019, that value is even better:
Reduced account management fees
Our account management fees are among the most competitive in the super industry and from 1 January 2019, they’re even better value. The table below shows the account management fees that apply to the first $500,000 of your account balance from 1 January 2019. No account management fee applies to the portion of your account balance over $500,000.
|Section||Gross fee p.a.||Rebate p.a.||Net fee p.a.||Reduction p.a.|
The reductions in our net account management fee will mean more money will stay invested for your future.
Increased insurance premium rebate
There is currently a 30% rebate on standard death and Total and Permanent Disablement (TPD) cover premiums in ANZ Staff Super. The fact that insurance cover is provided through a group policy along with the rebate means generally lower premium costs than for similar cover offered outside of ANZ Staff Super.
From 1 January 2019, the rebate will be increased to 40%. That means members will now pay even less for their death and TPD cover. To find out what the increased rebate means for your death and TPD cover premium, go online or contact ANZ Staff Super on 1800 000 086.
Great value-for-money is only one of the benefits of insurance cover through ANZ Staff Super. You also have a range of options to vary your level of cover to suit your situation (subject to providing health and other evidence in some circumstances). To find out more, or to discuss your insurance options, give us a call on 1800 000 086.
In preparing this document, the Trustee has not taken into account your investment objectives, financial situation and particular needs. Before acting on any advice in this document, you should consider whether the advice is appropriate for you in light of your financial circumstances. You may also wish to contact your financial adviser. This document and interests in the ANZ Australian Staff Superannuation Scheme (“ANZ Staff Super”) are issued by ANZ Staff Superannuation (Australia) Pty Limited, the Trustee of ANZ Staff Super. You should consider the relevant Product Disclosure Statement before making a decision in relation to a financial product.
Issued by ANZ Staff Superannuation (Australia) Pty Limited ABN 92 006 664 AFSL 238268 as Trustee for the ANZ Australian Staff Superannuation Scheme ABN 83 810 127 567. December 2018.