$65, YOUR 2015 SUPER STATEMENT MERCER SUPER TRUST Mercer SmartSuper Plan From 1 July 2014 to 30 June 2015

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1 YOUR 2015 SUPER STATEMENT MERCER SUPER TRUST Mercer SmartSuper Plan From 1 July 2014 to 30 June 2015 Mr A Sample 100 Collins Street MELBOURNE VIC 3001 Hi Andrew, would you like to have more money saved for your retirement? Let s start by looking at what you have. Your super account balance for each year at 30 June Your super account balance at 30 June 2015 $65, Your account overview $70,000 $60,000 $50,000 $40,000 $65, Opening balance $57, Earnings $5, Contributions, transfers or $3, rollovers Withdrawals $0.00 Total fees, taxes & premiums -$1, Closing balance $65, $30,000 Your asset mix $20,000 $10,000 Growth Defensive $0 30 Jun Jun 2015

2 HERE S A MORE DETAILED VIEW From 1 July 2014 to 30 June 2015 Below is your account balance and summary. Find out how salary sacrifice could help you boost your super at mercersuper.com/salarysacrifice. Your super account balance $65, Earnings for the year $5, WHAT YOUR SUPER S WORTH Your super account balance on 30 June 2015 $65, For comparison, your super account balance at 1 July 2014 $57, Preserved $65, Restricted non-preserved $0.00 Unrestricted non-preserved $0.00 If you leave the Plan for any reason other than Death or Total and Permanent Disablement, you re entitled to the amount shown above (subject to preservation, see page 11 for further details). Want to top up your super with BPAY? You can choose to make an after-tax contribution to your super using BPAY. It s always a good idea to speak to a financial adviser about your plans first. Call us on the Helpline on Biller Code: Your Reference no: Contact your bank or financial institution to make this payment from your cheque, savings, debit or transaction account. More info at Registered to BPAY Pty Ltd (ABN ) YOUR SUPER ACCOUNT SUMMARY for the period 1 July 2014 to 30 June 2015 Opening balance $57, Employer contributions $3, Contributions tax -$ Dollar based administration fee -$78.90 Insurance premiums -$ Earnings $5, Closing balance $65, Contributions Tax Contributions tax shown (if any) will take into account any fee rebates you may have received (which are taxable) as well as any insurance premiums or member fees (which are tax deductible to the Plan). A tax adjustment may apply. For more information see page 13. Exit Fee An exit fee is payable for each super payout made from the Mercer SmartSuper Plan (including any partial payouts and your final payout) whether the payment is made in cash or rolled over. As at 30 June 2015 Exit fee $ MERCER SMARTSUPER PLAN SUPER STATEMENT HERE S A MORE DETAILED VIEW 2

3 MAKE YOUR INVESTMENTS WORK FOR YOU Change your investment options online at any time. You can take control or let us do it for you. It s up to you. Log in to get started. YOUR INVESTMENT SUMMARY AT 30 JUNE 2015 OPTIONS STRATEGY UNITS UNIT PRICE VALUE Mercer Growth % $65, Total Investments $65, The strategy shown above relates to your future contributions or transfers and was current at the time of producing this statement. There may be a slight variance in the above calculation due to rounding. YOUR ASSET MIX AT 30 JUNE 2015 Growth 73.00% Defensive 27.00% This chart shows your exposure to growth and defensive assets based on your investment holdings. Growth assets (such as shares and property) have the potential to grow in value over the long term but can also experience volatility (risk of market ups and downs) in the short term. Defensive assets (such as fixed interest and cash) generally produce lower returns than growth assets over the long term but can offer investors less volatility in the shorter term. Talk to our advisers about your investment strategy today. Call MERCER SMARTSUPER PLAN SUPER STATEMENT MAKE YOUR INVESTMENTS WORK FOR YOU3

4 YOUR INVESTMENT RETURNS If you want to leave your investments to us, Mercer SmartPath is a great option. Investments change automatically to suit your stage in life. It aims to provide growth when you re young and reduce volatility as you near retirement. INVESTMENT RETURNS AT 30 JUNE 2015 (p.a.%) INVESTMENT OPTION 1 YEAR 5 YEAR 10 YEAR COMMENCED Mercer Growth 9.23% 8.95% 5.98% 20/12/ YEAR INVESTMENT RETURNS The 1 year investment returns shown above are determined by dividing the 30 June 2015 unit price of each investment option by the unit price of the same investment option as at the later of 1 July 2014 or the date the investment option commenced. Unit prices are calculated net of the investment fees or administration fees. 5 AND 10 YEAR INVESTMENT RETURNS When we show the Plan s returns over a 5 and 10 year period we re referring to the average return for that specific period of time. This is called the compound average effective rate of net earnings. These are not the actual returns you ve received on your individual super investment. The returns applied to your balance depend on the time contributions were made, any other transactions (such as super you ve consolidated from another account or payment of a fee) and the unit price that was applied at the time those transactions happened. You should know * Where the investment option has been in operation for less than 5 years, this column shows the investment return (p.a.%) for the period from the investment option's commencement date. ** Where the investment option has been in operation for less than 10 years this column shows the investment return (p.a.%) for the period from the investment option's commencement date. *** Where the investment option has been in operation for less than 1 year this column shows n/a as no 5 or 10 year investment returns have been included. The investment performance shown is after tax and the Mercer Super Trust standard rate of investment management fees, but does not include the effects of other fees you may be charged or any discounts which may apply to investment management fees in some plans. Talk to our advisers about your investment strategy today. Call MERCER SMARTSUPER PLAN SUPER STATEMENT YOUR INVESTMENT RETURNS 4

5 PROTECT THOSE WHO MATTER MOST Here s a snapshot of any insurance cover and beneficiary nominations you have made. Are you and your family covered if something was to happen to you? Make sure you ve got the right plans in place. Talk to us if you need some advice. Death benefit $171, Total and Permanent Disablement (TPD) benefit $171, SO WHAT DOES THIS COVER MEAN? Your super balance Death Cover $180,000 $160,000 $140,000 $120,000 $100,000 $80,000 $60,000 $40,000 $20,000 $0 Death Benefit $171, TPD Benefit $171, $65, $105, Your super balance TPD Cover $65, $105, An exit fee of $ is payable for any death or TPD* benefit payout. See page 12 for more information about these different types of cover. YOUR BENEFICIARIES This is the person or people who may get a payout if you pass away. Beneficiary name Relationship Percentage % D Sample Wife 70.00% S Sample Daughter 10.00% T Sample Daughter 10.00% R Sample Son 10.00% Your beneficiaries If you want to make sure your super goes to the people you care about, you need to let us know who they are. We call this 'nominating your beneficiaries' and it's a really important part of your super. Preferred beneficiaries Our records indicate that you have made the above preferred beneficiary nomination(s) which is great. This provides us with a guide on who you want to receive your benefit, but it s not legally binding on us. If you want to ensure the right people get your super, consider completing a binding beneficiary form available online or by calling us on the Helpline. Our records show that you haven t made a binding beneficiary nomination. Nominating binding beneficiaries is a really important part of the super process. It tells us who should receive your benefit if you were to pass away provided they are your dependants or your legal personal representative. You can make changes to your nomination at any time by completing a form available on our website or by calling us the Helpline. Update your nominations at any time If your personal circumstances have changed, you can update, confirm, amend or revoke your nomination at any time by completing a Making a binding death benefit nomination in the Mercer SmartSuper Plan form, available from the website or by calling the Helpline. Make sure you keep your binding nomination up to date. MERCER SMARTSUPER PLAN SUPER STATEMENT PROTECT THOSE WHO MATTER MOST 5

6 YOUR ACCOUNT TRANSACTIONS From 1 July 2014 to 30 June 2015 There are many ways to boost your super, including personal contributions. Learn more at mercersuper.com. As you can see, every little bit counts. Net contributions $3, Net fees, premiums & rebates $ CONTRIBUTIONS Date Source Employer Tax ($) Net ($) Z_ Z_ Z_ Z_ Z_ S501_ Z_ Z_ Z_ Z_ Total $3, $ $3, Please refer to the below table for descriptions of the source of your contributions Source Code S501_001 Z_ Source Description RI MANAGEMENT PTY LTD RI MANAGEMENT PTY LTD FEES, PREMIUMS AND REBATES Date Contribution tax adjustment Dollar based administratio n fee Insurance premiums Tax ($) Net ($) Total -$ $78.90 $ $99.03 $ MERCER SMARTSUPER PLAN SUPER STATEMENT YOUR ACCOUNT TRANSACTIONS 6

7 YOUR ACCOUNT TRANSACTIONS From 1 July 2014 to 30 June 2015 CONCESSIONAL & NON-CONCESSIONAL CONTRIBUTIONS The total concessional contributions* received in respect of you for the year ended 30 June 2015 were $3, (This amount includes any insurance premiums or other fees and expenses paid by your employer, if applicable, on your behalf.) The total non-concessional contributions* received in respect of you for the year ended 30 June 2015 were $0.00. * The amounts above are based on the information the Mercer SmartSuper Plan holds on your record as at 30 June 2015, and may differ from the figures to be reported to the Australian Taxation Office if updated information is subsequently received by the Plan. Make sure you don t exceed the caps An annual cap applies to the amount of concessional contributions made to superannuation that are taxed at concessional rates. Caps also apply to the amount of non-concessional contributions. For more information about the caps, the contributions that count towards the caps and what it means if your contributions exceed the caps, visit the Mercer SmartSuper Plan website at mercersuper.com, sign-in and take the Contributions link or call the Helpline. DIVISION 293 TAX Division 293 tax is an additional tax on contributions for high income earners. It will be charged at 15% on some or all of an individual s concessional contributions for individuals on incomes (as defined for this purpose) of $300,000 or more. The Division 293 contributions reported for you for the year ended 30 June 2015 are the contributions shown above. For further information on Division 293 tax and who it affects, please refer to the ATO website at MERCER SMARTSUPER PLAN SUPER STATEMENT YOUR ACCOUNT TRANSACTIONS 7

8 INDIRECT COSTS AND TOTAL FEES PAID BY YOU From 1 July 2014 to 30 June 2015 We are legally required to provide you with information about fees and costs as they re outlined below. If you have any questions about it, call us and we d be happy to talk you through it. INDIRECT COSTS OF YOUR INVESTMENT: $ 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. TOTAL FEES YOU PAID: $ This approximate amount includes all the fees and costs which affected your investment during the period. ADDITIONAL EXPLANATION OF FEES AND COSTS The Trustee is required to provide you with information about fees and costs in the manner as shown above. If you have any queries about the information shown please contact the Helpline. Indirect costs represent the costs of running the Plan over and above any fees deducted directly from your account. Indirect costs are paid out of the assets of the Plan. This is generally done by adjusting the unit price and/or the declared earning rate. The amount shown is an approximate amount allocated to you. Total fees you paid are the total of any fees and costs deducted directly from your account as well as the Indirect costs shown above. This amount includes insurance premiums (if any) that have been deducted directly from your account. For more information, refer to Fees, Premiums and Rebates. Income tax and its effect on fees: Tax is payable on investment earnings of the Plan at a maximum rate of 15%. However, as the Plan is allowed a tax deduction in respect of certain fees and costs the rate of tax actually payable by the Plan may be less than 15%. The benefit of any income tax deductions is passed on to members either directly or indirectly when the Trustee determines earnings or by meeting other costs incurred by the Plan. MERCER SMARTSUPER PLAN SUPER STATEMENT INDIRECT COSTS AND TOTAL FEES PAID BY YOU 8

9 YOUR PERSONAL DETAILS Your employer no: From time to time we ll be in touch with information about your account, so it s important that we have your up to date details, including your . Log in to your account or call us to update it today. If you can t remember your PIN call us on the Helpline.or visit mercersuper.com to reset it. YOUR PERSONAL AND ACCOUNT DETAILS Full name Address Andrew Sample 100 Collins Street MELBOURNE VIC 3001 Age at 30 June Employer number Member number Membership category Accumulation Member andrew.sample@recall.com Telephone Mobile Eligible service date 1 July 1998 Date joined the Plan 1 June 2014 Date benefits accrued from 14 July 2005 TFN supplied Supplied Super salary at 1 July 2015 $57, Employment status Full-time MERCER SMARTSUPER PLAN SUPER STATEMENT YOUR PERSONAL DETAILS 9

10 OTHER IMPORTANT THINGS YOU SHOULD KNOW Your employer no: If you have a question or would like additional information about the Mercer SmartSuper Plan call us on the Helpline and we d be happy to help. Making the most of your super Visit mercersuper.com. to learn more about the many ways that you can make the most of your super with Mercer. To log in you ll need your pin and your employer and member number, both found on the top right hand side of this statement. If you don t know your PIN, call us on the Helpline. and we ll help you reset it Your privacy is important to us For information on privacy and the handling of your personal information please refer to our Privacy Policy on our website mercersuper.com. Your satisfaction is our priority We take dispute resolution very seriously. If you ve got an issue to solve, we have a process in place to try our very best to rectify it. You can contact the Enquiries and Complaints Officer in writing or by calling us on the Helpline. Our obligation to you The Trustee has an obligation to provide you with any information you reasonably require to understand your super benefit entitlements. Annual Report to Members The Annual Report to Members will provide you with the most recent information regarding the financial status and other information about the Plan. If you would like a copy, please visit the website or contact the Helpline. MySuper Dashboard The latest Product Dashboard for the Plan's MySuper product can be found at Mercer Super Trust GPO Box 4303 Melbourne VIC 3001 MERCER SMARTSUPER PLAN SUPER STATEMENT OTHER IMPORTANT THINGS YOU SHOULD KNOW 10

11 OTHER IMPORTANT THINGS YOU SHOULD KNOW Your employer no: ACCESSING YOUR SUPER The Government has placed restrictions on when you can access your super. Restricted Non-Preserved The restricted non-preserved amount (if any) is the part of your benefit that is payable in cash on ceasing employment or upon attaining age 65. Please note that this amount may not be payable in cash in these circumstances if you are a temporary resident of Australia. More details on the conditions of release for temporary residents can be found below. Unrestricted Non-Preserved What s my preservation age? Date of Birth Preservation Age After 30 June July June July June July June July June Before 1 July Minimum super benefit Your super benefit satisfies the minimum payout under the Superannuation Guarantee legislation. The unrestricted non-preserved amount (if any) is the part of your benefit that is payable in cash at any time. Preserved The preserved amount is that part of your benefit which by law must be kept in a superannuation fund or other approved arrangement until you meet one of the conditions set down by the Government. These include where you: leave your employer at or after age 60, or retire permanently from the workforce at or after your preservation age, or attain age 65 (conditions apply), or become permanently disabled, terminally ill or die, or satisfy certain compassionate grounds or financial hardship criteria as specified by legislation, or leave your employer and your total benefit is under $200 (and you are not a temporary resident). The above conditions of release may not apply to some temporary residents. If you are not an Australian or New Zealand citizen or an Australian permanent resident, a condition of release may only be met if you become permanently disabled, ill or pass away or in some circumstances on departing Australia and cancellation or expiry of your visa. MERCER SMARTSUPER PLAN SUPER STATEMENT OTHER IMPORTANT THINGS YOU SHOULD KNOW 11

12 OTHER IMPORTANT THINGS YOU SHOULD KNOW Your employer no: ADDITIONAL INFORMATION ABOUT INSURANCE IN THE MERCER SMARTSUPER PLAN All or part of your death and disablement benefit may be insured with an insurance company. In certain circumstances the insurance company may restrict or decline all or part of the amount it will pay in relation to a particular claim. Should this happen the amount payable on death or disablement may be less than that shown on this statement as it may not include the insured portion. Please refer to page for details of any insured amounts. Death benefit - Your payout if you pass away or are terminally ill is equal to your death cover plus your super account balance. Total and Permanent Disablement (TPD) Your payout if you become totally and permanently disabled is equal to your TPD cover plus your super account balance. Your TPD cover may be assessed on a full TPD definition, a limited (also referred to as restricted TPD definition (or a maximum of both) depending on the amount of your TPD cover, your employment status and your age. Your payout may be reduced depending on which TPD definition is applicable to you. For more information, please refer to your Product Disclosure Statement and/or any other member materials you have received since joining the Plan or call the Helpline. MERCER SMARTSUPER PLAN SUPER STATEMENT OTHER IMPORTANT THINGS YOU SHOULD KNOW 12

13 OTHER IMPORTANT THINGS YOU SHOULD KNOW TAX AND YOUR SUPER Tax is payable on taxable contributions, and certain fees and premiums may be deductible, thus reducing the tax payable. Tax adjustment In some cases the timing and application of tax is such that the Plan's administration system does not allocate tax to particular transactions. In such cases the proper tax treatment is achieved by way of a special tax adjustment which for this period amounts to - $ Superannuation surcharge The superannuation surcharge is a tax on certain contributions made before 1 July 2005 for some higher income earners. Details of any surcharge paid in respect of you are shown on page 2. EMPLOYMENT STATUS Your employment status, as advised to the trustee by your employer, is shown on page 9. Your employment status may affect the insured part of your super, so you should contact your employer if you believe this is incorrect. Generally the following definitions are used to determine your status: Salary at 1 July 2015 This salary is the last salary advised by your employer to the trustee effective on or before 1 July Where a different salary applied to you on 30 June 2015 the value of any benefit at that date may differ from that shown in your statement. If your salary at 1 July 2015 is incorrect please contact your employer. Your address If your address has changed, or changes in the future, please update your new details via the website or by calling the Helpline. Enquiries If you have a query or would like to obtain additional information about the Mercer SmartSuper Plan, including your benefit entitlements and investments within the Mercer SmartSuper Plan, or any of the fees, charges or expenses paid by the Mercer SmartSuper Plan, please contact the Helpline. The trustee has an obligation to provide you with any information you reasonably require to understand your super benefit entitlements. Full-time Permanent employees who work at least 15 hours per week Part-time Permanent employees who work less than 15 hours per week Casual Employees who work on a casual basis Refer to the Product Disclosure Statement for further details and if in doubt contact your employer. About this statement This super statement provides a guide to your super benefit entitlements in the Mercer Super Trust. The amount of those benefits shown in this statement reflects the super payout that would have been payable to you had you left the Mercer Super Trust as at the date of this statement. The amount of your actual super payout will be determined and calculated as at the date you leave the Mercer Super Trust and as such may vary from the amounts shown in this statement. The amounts shown are based on your personal details as set out inside. The trustee believes these details to be accurate, complete and up to date. However, errors sometimes occur and the trustee reserves the right to correct them. You sh ould check the details carefully and if you believe there are any errors please call the Helpline. Before making any decisions based on the information set out in this statement, you should confirm the amounts by calling the Helpline. The trustee also recommends that you confirm the amount of your super payout before you leave the Mercer Super Trust. This document has been issued by Mercer Superannuation (Australia) Limited (MSAL) ABN , AFSL #235906, as trustee of the Mercer Super Trust ABN Mercer financial advisers are authorised representatives of Mercer Financial Advice (Australia) Pty Ltd ABN AFSL # MERCER and Mercer SmartPath are Australian-registered trademarks of Mercer (Australia) Pty Ltd ABN Copyright 2015 Mercer LLC. All rights reserved. MERCER SMARTSUPER PLAN SUPER STATEMENT OTHER IMPORTANT THINGS YOU SHOULD KNOW 13