Understanding your annual statement
Your annual super statement gives you lots of important information other than just your account balance. This guide walks you
through a typical statement and explains what each of the sections mean. The statement shown here is for illustrative purposes
only. Your statement won’t look exactly the same as this example, and may not contain all of the sections and content shown here.
We’ve changed the way we present certain fee information in your statement, so it’s easier for you to understand the fees you pay:
–– If you have insurance, your insurance premiums will now be shown under insurance fees in the fee summary section.
–– Any transactions costs will be shown under indirect costs of your investment (previously other management costs), also in
the fee summary section.
These changes are illustrated below.
As always, if you have questions about your super, talk to your financial adviser or give us a call on 1300 157 173.
Your contacts
1
Shows your name and address. If this is out
of date, simply update your details at
amp.com.au/myinfo.
2
This is a snapshot of your account, giving
details of total funds deposited, net
investment earnings (which are your
investment option returns after fees and
taxes included in the unit price or crediting
rate) and funds deducted from your account.
More information can be found on the
following pages.
ABC Financial Group
02 9999 9999
[email protected]
E
6 July 2015
[email protected]
W signaturesuper.amp.com.au
T
1300 366 019
F
02 9768 3111
SignatureSuper
Locked Bag 5043 PARRAMATTA NSW 2124
1
Mr John Smith
1 Sydney Street
SYDNEY NSW 2000
Your details
The graph shows your account balance
over the last five years and only appears if
you have had your account for two years
or longer.
ACCOUNT NAME
John Smith
ACCOUNT NUMBER
MONTH/YEAR OF BIRTH
999999999
February 1900
TAX FILE NUMBER (TFN)
Supplied
The dates in this section show the reporting
period of the statement.
SignatureSuper®
3
STAFF SUPERANNUATION PLAN – 9999999
Member Statement 1 July 2014 to 30 June 2015
ACCOUNT BALANCE
AT 30 JUNE 2014
FUNDS IN
NET
INVESTMENT
EARNINGS
$17,525.33
$27,948.52
$3,329.28
Account summary
ACCOUNT BALANCE
AT 30 JUNE 2015
$1,128.28
$47,674.85
Change in your account balance
Benefit category
3
FUNDS OUT
1
Total Death benefit (including any cover)*
$649,698.11
Total and Permanent Disablement (TPD) benefit
(including any cover)*
$649,698.11
Temporary Salary Continuance benefit (monthly)
Your personal net rate of return (annual)
$7,132.99
11.41%
*Based on account balance at 30 June 2015 and insurance cover at 1 July 2015.
Important information
Please refer to the Action required section (at the back of your statement) for important information that requires your
attention.
Account number: 999999999
®Registered trademark of AMP Life Limited ABN 84 079 300 379
Page 1 of 9
2
Shows a summary of your account
details, with more information on the
following pages.
–– The benefit category applies to corporate
members only and indicates the corporate
plan category you belong to. This defines
the benefits that apply to you – for more
information see your plan summary or
speak to your employer.
–– Your Total Death benefit is your
withdrawal benefit (ie super benefit) plus
the sum insured that is payable to your
dependants or estate.
–– Other insurance shown depends on your
specific insurance cover.
–– Your personal net rate of return in general
terms describes the performance of your
investments in relation to your account
balance. It’s a detailed calculation that
takes into account your net investment
earnings, direct fees and rebates, but
excludes any insurance premiums, during
the reporting period. It also takes into
account the timing of any contributions,
switches and withdrawals made.
4
5
Investment details
Your personal return
Your investment
performance
Investment
details
Transaction
3,329.28
Your personal return
MySuper Large Plan Discount
64.06
Transaction
Value $
MySuper Member Fee
-45.36
Net investment earnings
3,329.28
Large
Discountreturn
66.42
YourPlan
personal
MySuper Large Plan Discount
64.06
Personal net return
$3,414.40
Transaction
Value $
MySuper Member Fee
-45.36
Personal net rate of return (annual)
11.41%
Net investment earnings
3,329.28
Large Plan Discount
66.42
● Your personal net rate of return takes into account net investment earnings
MySuper
Large Plan option
Discount
64.06
(ie
your
investment
returns
after
fees
and
taxes
have
been
included
Personal net return
$3,414.40
in the unit price or crediting rate), as well as any transactions made (and
MySuper
Member
Fee
-45.36
Personal
net
rate
of
return
(annual)
11.41%
their timings) during the reporting period. Transactions include direct fees
Your investment performance
Investment details
5
11.41%
11.05%
8.54%
The chart shows your investment
performance for the last five years, and will
appear if you have had annual reporting of
your product for two years or longer.
Your investment performance
0.00%
11.05%
11.41%
11.05%
11.41%
0.00%
8.54%
0.00%
0.00%
6
8.54%
and Plan
any
rebates
apply
to your
● Your
personal
netwhich
rate of
return
takesaccount.
into account net investment earnings
Large
Discount
66.42
(ie your investment option returns after fees and taxes have been included
Personal
netprice
return
$3,414.40
in the unit
or crediting rate), as well as any transactions made
(and
Your investment summary
0.00%
0.00%
their timings)
during
the reporting
period. Transactions include direct
fees
Personal
net rate
of return
(annual)
11.41%
and any rebates which apply to your account.
Investment
option
Allocationearnings
%
Your personal
net rate of return takes into account net investment
(ie your investment option returns after fees and taxes
have been
Current
/ included
Future
in theinvestment
unit price or crediting
rate), as well as any transactions made (and
Your
summary
MySuper
option during the reporting period. Transactions include direct fees
their timings)
and any rebates
Investment
option which apply to your account.
Allocation %
●
AMP MySuper 1980s
Choice
options
Your
investment
MySuper
option
4
73.92
Current
/
100.00
Future
No. of units
Unit price $
Investment value $
No. of units
Unit price $
Investment value $
5,889.65
No.
of units
29,470.78
2.11101
Unit
price $
1.19582
12,433.10
Investment
value $
35,241.75
29,470.78
1.19582
35,241.75
summary
Future
Directions
Balanced†
Investment
option
AMP
MySuper
1980s
Total
26.08
Allocation100.00
%0.00
73.92
100% // Future
100%
$47,674.85
Current
Choice options
● † This investment is your Accrued Default Amount (ADA). Refer to the Action required section for further information.
MySuper option
● Contributions are made to your MySuper option unless you make an investment direction. Refer to the Additional information
Future Directions Balanced†
26.08
0.00
5,889.65
2.11101
12,433.10
section for further information.
AMP
MySuper 1980s
73.92 / 100.00
29,470.78
1.19582
35,241.75
Total
100%
100% performance,
$47,674.85
● The latest AMP MySuper Dashboard provides a summary
of the investment
risk and fees for your MySuper
option.
Please
refer to amp.com.au/signaturesuper.
● †
Choice
Thisoptions
investment
is your Accrued Default Amount (ADA). Refer to the Action required section for further information.
● Contributions
The Allocationare
% shows
your
currentoption
investments
been an
allocated
and how
your future
contributions
or transfers
will be
made how
to your
MySuper
unlesshave
you make
investment
direction.
Refer to
the Additional
information
Future
Directions
Balanced†
5,889.65
2.11101
12,433.10
allocated
your
investment options (current as at26.08
30 June 2015).0.00
section
foracross
further
information.
● The latest AMP MySuper Dashboard provides a summary of the investment performance, risk and fees for your MySuper option.
Total
100% / 100%
$47,674.85
Please refer to amp.com.au/signaturesuper.
● † This investment is your Accrued Default Amount (ADA). Refer to the Action required section for further information.
●
Long
term investment
option
returns have been allocated and how your future contributions or transfers will be
The Allocation
% shows how your
current investments
● Contributions are made to your MySuper option unless you make an investment direction. Refer to the Additional information
allocated across your investment options (current as at 30 June 2015).
section for further information.
Investment option returns % pa
● The latest AMP MySuper Dashboard provides a summary of the investment performance, risk and fees for your MySuper option.
Please refer
to amp.com.au/signaturesuper.
Investment
option
Inception date
Since inception
1 year
3 years
5 years 10 years
Long
term
investment option returns
● The Allocation % shows how your current investments have been allocated and how your future contributions or transfers will be
MySuper
option
allocated
across your investment options (current as at 30 June 2015).
Investment option returns % pa
AMP MySuper 1980s
Investment option
Long
term investment
Choice options
MySuper option
Inception date
01/01/2014
Since inception
11.99
13.59
–
01/01/2014
–
11.99
13.39
12.42
8.41 % pa 6.05
Investment
option returns
13.59
–
–
–
option returns
Future Directions Balanced
AMP MySuper 1980s
1 year
–
3 years
–
5 years
More information on your investment options
can be found at amp.com.au/performance by
selecting your product and investment reports.
You can change your investment options at
anytime through My Portfolio.
–
10 years
7
7
Page 2 of 9
8
Withdrawal benefit
Amount $
Previous withdrawal benefit at 30 June 2014
$17,525.33
Account balance at 30 June 2015—made up of:
47,674.85
●
Preserved*
●
Restricted non-preserved*
0.00
●
Unrestricted non-preserved*
0.00
47,674.85
Withdrawal benefit at 30 June 2015
●
8
$47,674.85
*See your Member guide fact sheet for an explanation of these terms.
Sub-account balances
Sub-account
Balance $
Employer
21,116.19
Employer additional
2,214.74
Rollover
24,343.92
Total sub-accounts
$47,674.85
Insurance cover at 1 July 2015
Insurance type
Cover amount $
Your total monthly charge $
Death (default)
602,023.26
17.69
Total death
$602,023.26
$17.69
Total and Permanent Disablement (TPD) (default)
602,023.26
–
Total disability
$602,023.26
$0.00
7,132.99
23.98
Temporary Salary Continuance (TSC) (monthly)
Total salary continuance
$23.98
Total monthly charge
●
●
●
●
●
●
●
●
$41.67
Your insurance cover may have minimum and/or maximum limits applied, subject to your plan's rules or any Government legislation.
Your Death insurance prior to 1 July 2015 was $602,023.26.
Your Total and Permanent Disablement insurance prior to 1 July 2015 was $602,023.26.
Your Temporary Salary Continuance insurance prior to 1 July 2015 was $7,132.99.
The monthly charge for your Default TPD cover is included in the charge for your Death cover.
The waiting period for your TSC benefit is 1 month. The benefit period is up to 2 years.
The monthly charge for your insurance cover is made up of the monthly premium plus any applicable stamp duty.
The value of your insurance benefits may change at any time.
How your insurance benefits are calculated
Insurance type
Calculation details
Default Death and Total and Permanent
Disablement
15% of your salary times years of future membership to the normal retirement
age.
Temporary Salary Continuance
75% of salary paid monthly.
2
Account number: 999999999
Page 3 of 9
Provides investment option returns since
inception and over the last five and 10 year
periods to give you an idea of long term
performance. Investment option returns
are based on the movement in unit prices
or crediting rates and are after allowing
for fees, costs and taxes that are included
in the unit prices or crediting rates. They
are not the returns of your own personal
investment.
Please note: Past performance is not an
indication of future performance.
Benefit details
Withdrawal benefit details
Shows how your money is invested and
where your future contributions will be
allocated. Different asset mixes may
work best for you depending on your risk
tolerance, financial goals and when you aim
to retire. The end result – how your money is
invested across different assets – is known
as your asset allocation.
Current allocations refer to where your
money is actually invested as at the
statement date. Future allocations refer to
how you want your future contributions to
be allocated and invested.
6
● Past performance is not an indication of future performance. The investment option returns shown are not the returns of your own
Investment
option
Inception date
Since inception
1 year
3 years
5 years 10 years
Choice
options
personal
investment.
●
Investment
option returns are calculated in a way which is consistent with industry best practice and include any fees, costs or taxes
MySuper
option
Future
Directions
– the investment option.
–
13.39
12.42
8.41
6.05
that are
deductedBalanced
in arriving at the unit price or crediting rate for
● Fees
AMP
MySuper
1980s
01/01/2014
13.59
that are directly
deducted
from your
account,
such as member
fees and 11.99
advice
have
not been
from–the
● Past
performance
is not
an indication
of future
performance.
The investment
optionfees,
returns
shown
are deducted
not–the returns
of your own–
investment
option return displayed. You should consider the impact of these fees prior to making any investment decisions.
personal
investment.
Choice
options
● Investment option returns are not the same as the returns shown on any corresponding MySuper or Choice product dashboard. The
● Investment
option returns are calculated in a way which is consistent with industry best practice and include any fees, costs or taxes
returns
on
productindashboards
to price
the financial
yearrate
ending
30 June, and are based on a member with an account balance of
that
are
deducted
arriving at relate
the unit
or crediting
for
Future
Directions
Balanced
– the investment option.
–
13.39
12.42
8.41
6.05
periodfrom
and may
other
as applicable.
● $50,000
Fees thatthroughout
are directly the
deducted
yourinclude
account,
suchfees
as member
fees and advice fees, have not been deducted from the
● Past performance is not an indication of future performance. The investment option returns shown are not the returns of your own
investment option return displayed. You should consider the impact of these fees prior to making any investment decisions.
investment.
● personal
Investment
option returns are not the same as the returns shown on any corresponding MySuper or Choice product dashboard. The
● Investment option returns are calculated in a way which is consistent with industry best practice and include any fees, costs or taxes
returns on product dashboards relate to the financial year ending 30 June, and are based on a member with an account balance of
that
are deducted
in the
arriving
at the
or crediting
rate
for the investment option.
$50,000
throughout
period
andunit
mayprice
include
other fees
as applicable.
●
Fees that
are directly
deducted from your account, such as member fees and advice fees, have not been deducted from the Page 2 of 9
Account
number:
999999999
investment option return displayed. You should consider the impact of these fees prior to making any investment decisions.
● Investment option returns are not the same as the returns shown on any corresponding MySuper or Choice product dashboard. The
returns on product dashboards relate to the financial year ending 30 June, and are based on a member with an account balance of
$50,000
throughout
the period and may include other fees as applicable.
Account
number:
999999999
Page 2 of 9
Account number: 999999999
Provides the amount your investments have
earned over the period.
Your personal net rate of return – see page 1
of this document.
Value $
Net investment earnings
Provides an overview of your investment
details, broken into three sections.
Shows your withdrawal benefit, ie the value
of your investment if it was to be withdrawn
on your statement date.
The withdrawal benefit is broken into three
categories:
–– Preserved benefits, which must be
retained in a superannuation fund until
your preservation age
–– Restricted non-preserved benefits,
although not preserved, cannot be
accessed until you meet a condition
of release, such as terminating
your employment in an employer
superannuation scheme
–– Unrestricted non-preserved benefits,
which don’t require the fulfilment of a
condition of release and may be accessed
upon your request.
Your sub-account balances are also shown.
●
*See your Member guide fact sheet for an explanation of these terms.
Sub-account balances
Sub-account
Balance $
Employer
21,116.19
Employer additional
2,214.74
Rollover
24,343.92
Total sub-accounts
9
$47,674.85
Insurance cover at 1 July 2015
Insurance type
Cover amount $
Your total monthly charge $
Death (default)
602,023.26
17.69
Total death
$602,023.26
$17.69
Total and Permanent Disablement (TPD) (default)
602,023.26
–
Total disability
$602,023.26
$0.00
Temporary Salary Continuance (TSC) (monthly)
7,132.99
$23.98
Total monthly charge
●
●
●
●
●
●
●
●
Please note: If you are part of a corporate
plan, the amount paid by your employer
must be included in your concessional
contribution cap – this is the before-tax
contributions made by your employer.
23.98
Total salary continuance
$41.67
Your insurance cover may have minimum and/or maximum limits applied, subject to your plan's rules or any Government legislation.
Your Death insurance prior to 1 July 2015 was $602,023.26.
Your Total and Permanent Disablement insurance prior to 1 July 2015 was $602,023.26.
Your Temporary Salary Continuance insurance prior to 1 July 2015 was $7,132.99.
The monthly charge for your Default TPD cover is included in the charge for your Death cover.
The waiting period for your TSC benefit is 1 month. The benefit period is up to 2 years.
The monthly charge for your insurance cover is made up of the monthly premium plus any applicable stamp duty.
The value of your insurance benefits may change at any time.
9
10
Calculation details
Default Death and Total and Permanent
Disablement
15% of your salary times years of future membership to the normal retirement
age.
Temporary Salary Continuance
75% of salary paid monthly.
11
12
Account number: 999999999
Page 3 of 9
Your beneficiaries
10
Non-binding beneficiary
Proportion of benefit %
Jane Smith
Total
●
●
Lists your nominated beneficiary. Your
beneficiary is the person whom you have
nominated to receive your benefit in the
case of your death.
For more information on allocating
beneficiaries please refer to your product
disclosure statement.
How your insurance benefits are calculated
Insurance type
States the type and amount of cover you are
insured for.
100.00
100%
Shows all payments received. These
can include employer and personal
contributions.
Summarises transactions that were
processed directly to the account during the
reporting period. They include contributions,
rebates and direct fees, including any
insurance premiums.
A detailed transaction history is available
online anytime through My Portfolio.
You currently have a non-binding beneficiary nomination. You may want to consider nominating a binding beneficiary/ies.
You can confirm, change or cancel your nomination details at any time either via My Portfolio (amp.com.au/myportfolio) or by
completing a Beneficiary nomination form. Please contact us for a form or visit our website.
Transactions
Payments received
Contribution type
Description
Date
Employer contributions
Employer - ABC Financial Group
29/07/2014
844.10
Employer - ABC Financial Group
22/08/2014
844.10
Employer - ABC Financial Group
22/09/2014
943.81
Employer - ABC Financial Group
03/11/2014
1,316.88
Employer - ABC Financial Group
01/12/2014
Total employer contributions
11
Rollovers
Rollover - A N Other Pty Ltd
29/01/2015
Rollover - AA1 Super
29/01/2015
420.28
Rollover - ACME Employee Superannuation Plan
30/01/2015
21,449.20
Total rollovers
●
●
438.96
$4,387.85
Total payments received
●
Amount $
1,560.22
$23,429.70
$27,817.55
An individual is generally liable to pay additional contribution tax if the sum of their income and their low tax contributions is greater
than $300,000. Low tax contributions are generally the contributions made in a financial year to a complying super fund which are
taxed at 15% and included in your assessable income by the fund. For more information, please refer to Contributing to your account|
Division 293 Tax at the back of this statement.
The contribution date on this statement is the date we purchased investment units for your account. This may be different to
the date we received your contribution if we did not have all the necessary information to complete the transaction. Note: For
Superannuation Contribution reporting purposes, we report contribution information to the Australian Taxation Office using the date
the contribution was received.
If you have made any member contributions and want to claim a personal tax deduction on your member contributions, send us a
completed ATO Notice of Intent to claim or vary a tax deduction for personal contributions form. You can go to amp.com.au/forms to
download a form—alternatively, call us for a copy.
Transaction summary
Transaction type
Transaction description
Opening balance at 1 July 2014
Funds in
Employer contributions - ABC Financial Group
Rollovers
64.06
Large Plan Discount
66.42
Total funds in
Net
investment
earnings Net investment earnings
number:
999999999
Account
MySuper Member Fee
Temporary Salary Continuance Benefit premium
Stamp duty for Temporary Salary Continuance Benefit
Death/Total and Permanent Disablement cover premiums*
Contributions tax
Total funds out
Closing balance at 30 June 2015
●
●
●
●
●
●
4,387.85
23,429.70
MySuper Large Plan Discount
Surplus allocations
Funds out
Amount $
$17,525.33
0.49
$27,948.52
$3,329.28
Page 4 of 9
45.36
266.72
19.98
12
212.99
583.23
$1,128.28
$47,674.85
*You may have Death only cover. Please refer to the insurance summary within your statement to confirm the benefits that apply to
you.
A surplus allocation is a distribution of extra funds across the plan.
We've reduced the MySuper Member Fee by 15% as a result of the tax deductions available to AMP Life, which we've passed onto you.
The fee amount shown is after the 15% reduction.
Stamp duty is a State/Territory Government charge paid on certain types of insurance cover and may be included within your
insurance premium or be an additional amount payable. Stamp duty can vary due to changes imposed by the State/Territory Revenue
Office, or can change if you move to a different State/Territory.
Contributions tax applies to employer and salary sacrifice contributions paid into your account.
Insurance fees are shown before any tax deductions. The 15% tax deduction available has been used to reduce the amount of
contributions tax payable.
Fee summary
Fee type
Description
Rebates
The fee rebates applicable to your account—paid directly into your
account. See the Transaction summary for details.
Direct fees
Direct fees (excluding insurance fees)
Amount $
130.48
45.36
The fees and costs deducted directly from your account (excluding any
insurance fees). See the Transaction summary for details.
Insurance fees
424.74
Any insurance premiums (less any insurance premium credits) and
associated stamp duty deducted directly from your account to pay for
any insurance benefits. See the Transaction summary for details.
Indirect costs of your
This approximate amount has been deducted from your investment
260.58
3
Closing balance at 30 June 2015
●
●
●
●
●
●
$47,674.85
*You may have Death only cover. Please refer to the insurance summary within your statement to confirm the benefits that apply to
you.
A surplus allocation is a distribution of extra funds across the plan.
We've reduced the MySuper Member Fee by 15% as a result of the tax deductions available to AMP Life, which we've passed onto you.
The fee amount shown is after the 15% reduction.
Stamp duty is a State/Territory Government charge paid on certain types of insurance cover and may be included within your
insurance premium or be an additional amount payable. Stamp duty can vary due to changes imposed by the State/Territory Revenue
Office, or can change if you move to a different State/Territory.
Contributions tax applies to employer and salary sacrifice contributions paid into your account.
Insurance fees are shown before any tax deductions. The 15% tax deduction available has been used to reduce the amount of
contributions tax payable.
13
Fee summary
Fee type
Description
Amount $
Rebates
The fee rebates applicable to your account—paid directly into your
account. See the Transaction summary for details.
Direct fees
Direct fees (excluding insurance fees)
130.48
45.36
The fees and costs deducted directly from your account (excluding any
insurance fees). See the Transaction summary for details.
Insurance fees
424.74
Any insurance premiums (less any insurance premium credits) and
associated stamp duty deducted directly from your account to pay for
any insurance benefits. See the Transaction summary for details.
Indirect costs of your
investment
Total fees you paid
●
●
This approximate amount has been deducted from your investment
and includes amounts that have reduced the return on your
investment but are not charged directly to you as a fee.
260.58
This approximate amount includes all fees and costs which affected
your investment during the period.
$600.20
13
The Total fees you paid amount includes Indirect costs of your investment. You don’t actually see these fees and costs deducted from
your account since they are deducted from the unit prices or crediting rates for your investment options.
The Total fees you paid amount shown allows for a 15% tax deduction that is available to AMP Life.
Account number: 999999999
Page 5 of 9
Your
Your fee
fee structure
structure
Fee
Fee type
type
Rebates
Rebates
Direct
Direct fees
fees
Indirect
Indirect costs
costs
14
●
●
●
●
●
●
●
●
●
●
Fee name
name
Fee
Fee
Fee description
description
Large
Large Plan
Plan Discount
Discount
0.6500%
0.6500% pa.
pa. This
This applies
applies to
to your
your Choice
Choice options.
options.
MySuper
MySuper Large
Large Plan
Plan Discount
Discount
0.3500%
0.3500% pa.
pa. This
This applies
applies to
to your
your MySuper
MySuper option.
option.
Insurance
Insurance fees
fees
Please
Please see
see the
the Insurance
Insurance cover
cover section
section for
for details
details
MySuper
MySuper Member
Member Fee
Fee
$4.45
$4.45 each
each month.
month. This
This applies
applies to
to your
your MySuper
MySuper
option.
option.
MySuper
MySuper Administration
Administration Fee
Fee
0.64%
0.64% pa.
pa. This
This applies
applies to
to your
your MySuper
MySuper option.
option.
Administration
Administration Fee
Fee
0.70%
0.70% pa.
pa. This
This applies
applies to
to your
your Choice
Choice options.
options.
Stronger
Stronger Super
Super Fee
Fee
0.04%
0.04% pa.
pa. This
This applies
applies to
to your
your Choice
Choice options.
options.
Other
Other indirect
indirect costs
costs apply
apply
These
These fees
fees and
and costs
costs are
are allowed
allowed for
for before
before we
we set
set
unit
unit prices
prices or
or crediting
crediting rates.
rates. They
They are
are not
not debited
debited
directly
directly from
from your
your account.
account.
Please note: Indirect costs of your
investment are an estimate of the fees and
costs charged by AMP and any underlying
investment managers that are deducted
from the unit prices or crediting rates of your
investment options. You don’t actually see
these amounts listed as a transaction.
A
A Large
Large Plan
Plan Discount
Discount may
may apply
apply to
to your
your account.
account. This
This discount
discount is
is negotiated
negotiated between
between the
the trustee
trustee and
and your
your SignatureSuper
SignatureSuper employer.
employer.
The
The Large
Large Plan
Plan Discount
Discount means
means you
you will
will receive
receive a
a rebate
rebate for
for all
all (or
(or part)
part) of
of the
the Administration
Administration Fee
Fee for
for any
any Choice
Choice options
options you
you held
held
during
during the
the reporting
reporting period.
period.
A
A MySuper
MySuper Large
Large Plan
Plan Discount
Discount may
may apply
apply to
to your
your account.
account. The
The discount
discount is
is negotiated
negotiated between
between the
the trustee
trustee and
and your
your SignatureSuper
SignatureSuper
employer,
employer, which
which means
means you
you will
will receive
receive a
a rebate
rebate for
for all
all (or
(or part)
part) of
of the
the Administration
Administration Fee
Fee for
for your
your MySuper
MySuper option
option held
held during
during the
the
reporting
reporting period.
period.
Any
Any fee,
fee, rebate
rebate or
or indirect
indirect cost
cost values
values or
or percentages
percentages shown
shown above
above do
do not
not allow
allow for
for the
the tax
tax deductions
deductions that
that are
are available
available to
to AMP
AMP Life
Life
and
and which
which are
are passed
passed on
on to
to you.
you. This
This means
means these
these fees
fees and
and rebates
rebates will
will be
be further
further reduced
reduced by
by approximately
approximately 15%
15% when
when they
they are
are
applied
applied to
to your
your account.
account.
The
Federal
Government
has
introduced
Stronger
Super,
a
program
of
changes
designed
to
streamline
and
strengthen
Australia’s
The Federal Government has introduced Stronger Super, a program of changes designed to streamline and strengthen Australia’s
superannuation
superannuation system.
system. The
The Stronger
Stronger Super
Super Fee
Fee is
is to
to help
help cover
cover the
the costs
costs associated
associated with
with implementing
implementing these
these changes
changes and
and is
is
expected
expected to
to cease
cease by
by 1
1 November
November 2018.
2018. It
It was
was previously
previously disclosed
disclosed as
as part
part of
of your
your Administration
Administration Fee
Fee and
and does
does not
not constitute
constitute a
a fee
fee
increase.
increase. As
As a
a result,
result, your
your Administration
Administration Fee
Fee has
has been
been reduced
reduced by
by the
the amount
amount of
of the
the Stronger
Stronger Super
Super Fee.
Fee.
For
For information
information on
on the
the full
full range
range of
of fees,
fees, costs
costs and
and rebates
rebates that
that apply,
apply, see
see the
the Product
Product Disclosure
Disclosure Statement
Statement (PDS)
(PDS) and
and applicable
applicable Fact
Fact
Sheets.
Sheets.
14
Employment
Employment details
details
ABC
ABC Financial
Financial Group
Group
Date
Date started
started employment
employment
17
17 September
September 2012
2012
Date
Date joined
joined plan
plan
17
17 September
September 2012
2012
Salary
Salary
●
●
15
$114,127.85
$114,127.85
Please
Please refer
refer to
to your
your Product
Product Disclosure
Disclosure Statement
Statement (PDS)—including
(PDS)—including the
the Plan
Plan Summary,
Summary, Member
Member Guide,
Guide, Investment
Investment Guide
Guide Fact
Fact Sheets
Sheets
and Insurance
Insurance Guide
and
Guide Fact
Fact Sheets—for
Sheets—for the
the meaning
meaning of
of the
the term
term 'salary'
'salary' which
which applies
applies to
to you.
you.
Policy
Policy committee
committee details
details
Shows the fees and rebates that apply to
your account.
Please note: Specific fees and costs for
each investment option are not listed here.
For more information on the full range of
fees, costs and rebates that apply, see the
product disclosure statement including any
applicable fact sheets.
Employer
Employer details
details
Employer
Employer name
name
Summarises all fees and costs that have
been incurred during the reporting period,
including:
–– Rebates: if applicable, any fees paid
back into your account as per your fee
structure.
–– Direct fees: the fees that apply for
your plan and benefit category and are
deducted directly from your account.
If you have insurance, any insurance
premiums and associated costs such as
stamp duty will be shown as a separate
total under insurance fees.
–– Indirect costs of your investment: includes
investment and administration fees
(previously called management fees) as
well as any transaction costs, performance
based fees (paid to certain investment
managers when they meet specific
investment performance targets) and
other indirect costs (such as operational
costs of maintaining direct and real
property investments) that may apply.
These will vary based on the options you
have chosen.
Summarises your employment details.
15
Employer
Employer representatives
representatives
Member
Member representatives
representatives
●
●
●
●
The
The Policy
Policy Committee
Committee can
can help
help with
with any
any questions
questions you
you may
may have
have about
about the
the plan's
plan's operation,
operation, investment
investment strategy
strategy or
or performance.
performance.
Your
Your Policy
Policy Committee
Committee has
has equal
equal numbers
numbers of
of member
member and
and employer
employer representatives,
representatives, which
which complies
complies with
with legislation
legislation regarding
regarding policy
policy
committees.
committees.
The Policy
Policy Committee
Committee must
must meet
meet at
at least
least every
every 12
12 months.
months. Your
Your Policy
Policy Committee
Committee has
has met
met in
in the
the past
past 12
12 months.
months.
The
Account
Account number:
number: 999999999
999999999
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