Stay with us when you go to a new employer
 

• Stay with us when you go to a new employer
  Our Retained Benefit Account Section means you can keep your super with us and your new employer can pay in contributions
• Stay with us if you’re ready to retire
  Our Retirement Income account means you can stay with us and convert your super into a regular income in retirement
• Financial advice
  Get the advice you need before you leave.

If you leave ANZ to go to a new employer your ANZ Staff Super account will automatically be transferred to the Personal Section if your account balance is $7,500 or more.

Staying with us means you continue to enjoy the benefits of ANZ Staff Super membership including:

• your existing investment choices will stay the same unless you choose to change them by completing a Changing your investment options form 
• competitive administration and investment fees
• continued death insurance cover (where applicable)
• access to age-based Total and Permanent Disablement cover (subject to certain conditions)
• access to income stream options when moving into and when fully retired
• 24/7 online access to your account information.

You can even ask your new employer to pay your super contributions to your Personal Section account. That way you can avoid the hassle of having multiple super funds and avoid paying multiple sets of fees. All you need do is complete the Choice of Fund Election Form and give it to your new employer.

If you want to stay with ANZ Staff Super when you leave ANZ but your account balance is less than $7,500, you’ll need to increase it either by:

• rolling money into your account from any other super accounts you may have – see Combining your super, or

• making a voluntary contribution – see Growing your super.

For information about the Personal Section, read the Personal Section Product Disclosure Statement.

Stay with us if you’re ready to retire

If you’re leaving ANZ to move into retirement and have $25,000 or more in your account, our Retirement income account means you can stay with us and convert your super into a regular income in retirement.

A Retirement income account lets you:

• Defer lump sum tax – you can continue to invest your super savings and defer any lump sum tax
• Choose how often you get paid – monthly, quarterly, half yearly or yearly payments
• Choose how much you get paid within Government limits
• Retain the same investment choices as when you were an ANZ employee unless you choose to change them
• Draw down lump sums - make up to three withdrawals each year, or the entire account value
• Pay less tax – if you’re age 60 or over, no tax is payable on your pension income or investment earnings
• Take care of loved ones – you can set up your Retirement income account to pay either a reversionary pension to your spouse, or a lump sum to your dependants after you’ve gone.
• Continue to enjoy the benefits of ANZ Staff Super membership including competitive fees and 24/7 online access to your account information.

See Retirement income for more information or read the Retirement Section Product Disclosure Statement.

• Opening a Retirement income account
  Setting up a Retirement Income account is easy, just follow our simple checklist in Opening a Transition to retirement or Retirement income account.
  
  But before making a decision to open a Retirement income account you should seek financial advice from a licensed financial planner. You can contact an ANZ Staff Super financial adviser on 1800 000 086 who can give limited financial advice over the phone.

Financial advice

Get the advice you need before you leave ANZ. You can contact an ANZ Staff Super financial adviser on 1800 000 086 who can give you limited advice on contribution and investment strategies to make the most of your Personal Section account, or how much to invest and your investment choices in the Retirement Section.

Whether your needs are simple or complex, an ANZ Staff Super financial adviser can help.

ANZ Staff Super has an agreement with ANZ under which ANZ’s financial advisers have been engaged to provide members with general or limited personal financial advice about options within ANZ Staff Super over the phone for no extra charge. If you require more complex personal advice, you’re given the option of receiving comprehensive personal advice from an ANZ financial adviser and ANZ will charge you a fee for this advice.

You have the option to have the fees for ANZ Staff Super-related super advice debited from your account. This facility applies only for fee for service advice provided by an ANZ financial adviser and no commissions will be paid under this facility. To find out more, read the Financial Planning fact sheet.

Financial planning services are provided by ANZ’s financial advisers under ANZ’s Australian Financial Services Licence number AFSL 234527. Any advice provided by ANZ’s financial advisers is not provided or endorsed by the Trustee and is not provided under The Trustee’s AFSL.