Changing Jobs? Your guide to keeping your ANZ Super Advantage account

Transcription

1 Changing Jobs? Your guide to keeping your ANZ Super Advantage account

2 ANZ SuperAdvantage Choice of Superannuation Fund Fund nomination form Dear Employer, I wish to nominate ANZ Super Advantage as my choice of fund for future superannuation guarantee contributions. Choice of Superannuation Fund legislation provides that this form, including the letter of compliance (on the reverse of this form) is an acceptable means of nominating my Choice of Superannuation Fund to you. My nominated fund details Fund name: My current member no. is: ANZ Super Advantage (ING MasterFund) nnnnnnn My current account name is: Superannuation Australian BusinessNumber (ABN): Superannuation Product Identification Number (SPIN): ANZ0265AU Telephone: Website: Methods of payment into my fund BPAY Biller code Customer Rreference Number (CRN) BPAY Contribution Code (Employer to complete) + Unique Reference Number (member to complete) nn (see below) nnnnnnnn (6-8 characters, see Welcome Letter) BPAY Contribution Codes: 11 Superannuation Guarantee 13 Member voluntary Direct credit 14 Salarysacrifice 16 Employer additional My current account name is: BSB Number: Account Number Description / Reference Number DirectDebitContribution Code (Employer to complete) + member number (Member to complete) nn (see below) nnnnnnn Direct Credit Contribution Codes: SG Superannuation Guarantee MV Member voluntary SS Salary sacrifice EA Employer additional I have provided: > a letter from the Trustee of the Fund stating that ANZ Super Advantage is a complying fund > written evidence from the Fund that they will accept contributions from you; and > details about how you can make contributions to this Fund on my behalf. These details can be found on the reverse of this form. My (employee) details My (employee) name: My (employee) payroll no: My (employee) Signature: Employer use only: Date accepted: D D M M Y Y Y Y Date processed: D D M M Y Y Y Y Ensure all payments are for one member only and contain the correct contribution code, otherwise payments may be returned. Date:

3 ANZ Super Advantage letter of compliance 1 April 2009 ING MasterFund (ABN , RSE R , SFN , SPIN MMF0393AU) Your existing fund may ask for a copy of this letter before transferring your benefits to ANZ Super Advantage. To whom it may concern, ING Custodians Pty Limited (ING Custodians) (ABN , AFSL , RSE L ) the Trustee of ING MasterFund (the Fund) I confirm the following statements on behalf of ING Custodians. The Fund is a resident regulated superannuation fund within the meaning of the Superannuation Industry (Supervision) Act 1993 (SIS). It is the intention of ING Custodians to manage the Fund in compliance with SIS, the relevant requirements of the Corporations Act 2001 and guidelines issued by both the Australian Securities and Investments Commission and the Australian Prudential Regulation Authority. The Trustee certifies that the Fund is not subject to a direction under section 63 of SIS. The Trustee certifies that the Fund accepts superannuation guarantee contributions as well as other additional employer contributions. The Trust Deed governing the Fund allows benefits to be transferred or rolled from other resident regulated superannuation funds or superannuation products and allows benefits to be transferred or rolled over to other resident regulated funds. Members may only cash preserved benefits in circumstances permitted under SIS. How can superannuation payments be made to ANZ Super Advantage? Payments can be made by BPAY, Direct credit or by cheque. For BPAY and Direct Credit payment methods, please see overleaf. Cheques can be made payable to ANZ Super Advantage and addressed to: ANZ Super Advantage ING Life Limited GPO Box 4028 Sydney NSW 2001 Cheque payments should be accompanied by: employee name, their current ANZ Super Advantage member number (these details can be found on the reverse of this form) together with the type of contribution you are making. Any questions? If you have any questions about ANZ Super Advantage, contact Customer Services on between 8.00am and 8.00pm weekdays (Sydney time) or customer@ing.com.au Yours sincerely, Ross Bowden Director ING Custodians Limited Trustee of the ING MasterFund

4 ANZ and ING a winning partnership ANZ s partnership with ING allows you to access leading investment management, administration and member services, via ANZ Super Advantage. ING Group is a global financial services company of Dutch origin with 150 years experience, providing a wide array of banking, insurance and asset management services in over 50 countries. Based on market capitalisation, ING is one of the 20 largest financial institutions worldwide and ranked in the top 10 in Europe. ING Australia is one of Australia s leading fund managers, life insurers and superannuation providers. ING Australia is a joint venture between the global ING Group, which owns 51%, and one of Australia s major banks, ANZ, which owns 49%. ING Australia provides a broad range of financial products and services, and has been providing employer superannuation solutions for Australians since ING s global strength and expertise can help you grow and protect your wealth. ING Australia currently manages: >> approximately $10 billion of employer superannuation funds for more than 28,000 employers and over 680,000 members. >> in excess of $39 billion in funds under management for over one million individuals. You can be confident that your hard-earned super savings are being managed by one of the world s largest wealth managers. ING has achieved the following accolades: * > > Selecting Super AAA quality assessment rating > > 5 Heron Quality Stars > > 5 Apples by Chant West * Rainmaker Information, Selecting Super Fund Quality Assessment, For more details visit The Heron Partnership, Heron s Quality Star Rating For details visit Chant West rating of 5 apples for ING s OptiMix Manage the Manager process. For more details visit

5 So, you ve left your employer Keeping your ANZ Super Advantage account can save you the hassle of multiple super accounts. Your previous employer has notified us that you are no longer working for them and we ve automatically transferred you into ANZ Super Advantage Personal. Follow these simple steps to continue benefiting from your ANZ Super Advantage Personal account. Step 1: Complete the Fund Nomination Form (provided on the page opposite) and give it to your new employer to eliminate the hassle of another super account. This will ensure that you can continue to access the features and benefits of ANZ Super Advantage Personal. We ve made it easy for you. The form contains all the important and necessary information your new employer will need to start making contributions into your super account on your behalf. You can use this form instead of completing PART B of the Standard Choice Form, which your new employer may issue you. Sign the form and return the completed form to your new employer (not to us at ANZ Super Advantage) it s that easy. Step 2: Get super organised put yourself in a good position. Log on to ANZ Investor Access, our online member services site at to: > rollover any other money you may have in other super funds > provide us with your Tax File Number (if you haven t already) > review your investment choice and ensure it s suitable to your financial situation and needs > understand your insurance arrangements and learn more about your super and saving for retirement, and much more. Read on to find out how ANZ Super Advantage Personal can continue to help you effectively grow and manage your super today and tomorrow. 1 Fund Nomination Form enclosed

6 ANZ Super Advantage Personal offers you innovative member services Whether you re growing your career, enjoying a career break or nearing retirement, ANZ Super Advantage Personal will continue to support you on your journey. Over your working life, this probably won t be the only time your situation changes. That s why it s good to know that your ANZ Super Advantage Personal account is one which you can keep for the rest of your life. With ANZ Super Advantage Personal, you know your super is being looked after by an expert super specialist, already providing retirement savings solutions for more than one million Australians. As an ANZ Super Advantage Personal member, the extensive range of innovative member services will continue to be available to you. Member services and benefits include: >> a secure online access to your account using ANZ Investor Access >> interactive online financial education and calculators >> member benefits package through anz@work >> a wide choice of over 55 investment funds with unlimited switching >> access to comprehensive insurance cover for death, disablement and income protection >> spouse member benefits >> hassle free rollover assistance > > convenient online transacting and contribution options such as BPAY >> helpful and efficient telephone and online customer service >> the ability to keep many of your benefits when you change jobs >> a straight forward transfer to pension option when you retire. 2 Registered to BPAY Pty Ltd ABN

7 Very competitive pricing ANZ Super Advantage Personal allows you to continue to enjoy much of the very competitive pricing you enjoyed while part of your employer s plan. ANZ Super Advantage Personal offers: > a competitive Member Fee of $4.25 per month > a fee arrangement which is calculated in accordance with your account balance. If your previous employer paid any fees or premiums applicable to you while you were part of their employer plan, you will now incur these fees and premiums upon transfer to ANZ Super Advantage Personal. You should refer to your Member Benefits Schedule for further information and in particular, whether any fees change upon transfer to ANZ Super Advantage Personal. 3

8 Go online and get super organised ANZ Super Advantage Personal provides you with secure, convenient and easy online services to manage your super at Here, you will find all the information, updates and tools you need to help you on your superannuation journey. > > Access your super account online via ANZ Investor Access view your ANZ Super Advantage Personal account online, view your transaction history, request an investment fund switch, and much more just like Internet Banking. > > A range of learning modules designed to answer the most commonly asked questions about super including growing your super, investment choice, insurance and how much super is enough. > > Calculators to help you plan tools to help you understand your super situation and get you on the path to an active and comfortable retirement. > > Online forms commonly used forms that you can easily download and print. 4

9 1 April 2009 ING MasterFund ABN , RSE R ING Custodians Pty Limited ABN , AFSL , RSE L Kent Street, Sydney NSW 2000 Don t pay an extra 31.5% of tax provide us with your tax file number now! Did you know, if you have not quoted your tax file number (TFN) to your superannuation fund you could pay an extra 31.5% of no-tfn contributions tax on any concessional (taxable) contributions (e.g. Superannuation Guarantee or salary sacrifice) you or your employer have made in the current financial year. For example, if a concessional contribution of $10,000 was made in the current financial year, instead of paying $1,500 (15% of tax) you could pay $4,650 (46.5% of tax) if you have not quoted your TFN to your fund. If you provide us with your TFN prior to the end of the financial year, we will not deduct the no-tfn contributions tax from your concessional contributions. What do you need to do to avoid paying extra tax? Simply complete this form and return it to us as soon as possible. Note: You are not required to provide your TFN declining to quote your TFN is not an offence. If you have decided not to provide us with your TFN please disregard this form. Plan name Member number Surname Given name(s) Date of birth D D M M Y Y Y Y My TFN is Collection of tax file numbers We are required to tell you the following details before you provide your TFN. Your TFN is confidential and you should know the following before you decide to provide it to us: > > > > > The Trustee is authorised to collect your TFN under the taxation and superannuation laws. If you do provide your TFN to us, we will only use it for legal purposes. This includes finding or identifying your superannuation benefits where other information is insufficient, calculating tax on any superannuation payment you may be entitled to and providing information to the Commissioner of Taxation such as reporting details of contributions, for the purposes of the government co-contribution, lost member reporting and monitoring of contribution caps. If you do provide your TFN to us, we may provide it to the trustee of another superannuation fund or a Retirement Savings Account (RSA) provider where the Trustee or RSA provider is to receive your transferred benefits in the future. We will not pass your TFN to any other fund if you tell us in writing that you do not want us to pass it on. Your TFN will be treated as confidential. > We may quote your TFN to the Australian Taxation Office when reporting details of contributions for the purposes of the government co-contribution, lost member reporting and monitoring of contribution caps. You are not required to provide your TFN. Declining to quote your TFN is not an offence. However, if you do not give us your TFN, either now or later: > We may not be able to accept member contributions and you may be liable to pay additional tax on concessional contributions. > You may pay more tax on your benefits than you have to (you may get this back at the end of the financial year in your income tax assessment). > It may be difficult to locate or amalgamate your superannuation benefits in the future. The purposes for which we can use your TFN and the consequences of not providing it to us may change in the future as a result of changes to the law. Signature of member (sign clearly within box) Date D D M M Y Y Y Y Customer Services Phone Fax customer@ing.com.au Website April 2009 ING MasterFund ABN , RSE R Customer Services ING Custodians Pty Limited ABN , AFSL , RSE L Phone Kent Street, Sydney NSW 2000 Fax customer@ing.com.au Instructions Complete and return Other things to be aware of: Website this form using the enclosed reply > Your old fund may charge a termination penalty. paid envelope. > Moving funds may have investment, tax and insurance implications. Please ensure that if If you have multiple super funds, you you wish to claim a tax deduction for personal contributions from the rollover fund, please will need to complete a separate do so before you commence the rollover. request for each other fund (you can > If you have insurance cover, you should make sure that your cover is maintained during the photocopy this form but each form transfer and that it is still appropriate for your personal circumstances. must have an original signature). > You should always read the Product Disclosure Statement and consider discussing your personal circumstances with your financial adviser before making any decision about rolling over your super. 1. Your previous fund details Please transfer my benefits from the following superannuation fund: Superannuation or Rollover Fund Fund address State Postcode Member number Date of birth Approx. Dollar Value of transfer $ Previous employer name (if applicable) 2. Your ANZ Super Advantage details Employer plan name (if applicable) Member number Date of birth D D M M Y Y Y Y Surname Given name(s) Address State Postcode ASA PDS 09 Business hours phone (Internal use only) 3. Proof of identity You need to supply a certified copy for each form you send in. I have attached a certified copy of my driver s I have attached certified copies of both: licence or passport > Birth/Citizenship Certificate or Centrelink Pension Card and > Centrelink payment letter or Government or Local Council notice (less than one year old) with name and address. A certified copy is a photocopy which has been compared with the original and endorsed as a true copy by an individual approved to do so, for example a Justice of Peace, legal practitioner, Australia post employee, etc. 4. Authorisation 1. I authorise the transfer of all my benefits as outlined above. 6. I understand I will be notified upon receipt of funds transferred from my other 2. I understand that in giving this authorisation, the trustee of my other fund is fund by ING. discharged from all liability in respect of my membership of the other fund 7. I acknowledge that the Trustee follows the National Privacy Principles as once the total of my member account in the other fund has been transferred. described in the Privacy Act 1988 (Cth) and has a Privacy Policy which 3. To the best of my knowledge, my other fund is a complying superannuation describes in detail the way the Trustee handles members personal fund under the Superannuation Industry (Supervision) Act information. (If you d like a copy of the Privacy Policy, please call Customer 4. I understand that, in certain circumstances, ING may be required to deduct tax Services on or visit from the untaxed portion (if any) of the amount transferred. 8. I accept that ING may send me information about its products or services from 5. I approve the deduction of transfer fees (if any) from the benefits transferred time to time. I understand that I may notify ING of my decision not to receive (subject to legislative restrictions). further information by contacting ING directly. Signature of member (sign clearly within box) Date D D M M Y Y Y Y 11 Hassle free roll over assistance Do you have 6 savings accounts? What about 4 gym memberships, or 3 health insurance policies? If having multiple accounts or memberships doesn t make sense to you, then why have multiple super funds? You can rollover your super from previous super funds you may have had from other jobs to save fees and make managing your super easier. You may also want to use the ATO s SuperSeeker* and find some lost super from years ago and roll that in too! Visit to complete, sign and return the form it s that simple! Rollover Form Tax File Number Notification Form Don t pay unnecessary tax! Did you know that if you don t provide your super fund with your Tax File Number (TFN), you may incur a much higher tax rate on on concessional contributions? As you can imagine, the difference between paying 46.5% tax, rather than 15% can have an enormous impact on your account balance. In addition, if you don t provide your TFN, super funds like ING will not be able to accept any member contributions! So don t lose your super savings in tax! You can provide your TFN to us online at and logon to ANZ Investor Access. * 5

10 Investment choice made simple You can make an investment choice or change your investment strategy at any time. Simply complete the Member Investment Choice Nomination Form which can be downloaded from at Your financial planner can assist you with assessing investment funds that are appropriate for your circumstances and any risks associated with investing in them. You can easily make an investment choice that suits your investor profile. Knowing your investor profile may assist you in choosing the right investment strategy for your super, as it takes into account your attitude to investment risk and your investment time frame. By completing the self assessment questionnaire available in the Investment Choice Guide (which forms part of the PDS) you will arrive at an investor profile which may be suitable for your super investment strategy. Determining the profile which generally reflects your investment goals and financial attitudes will assist you in choosing the investment fund(s) which are most suited to you. Of course, you should always speak to your financial planner before making an investment decision. 6

11 Protecting you and your loved ones You can continue to protect those closest to you with comprehensive insurance cover conveniently packaged within your super. If you had insurance cover as part of your employer plan, the type of cover will continue automatically at the level of cover you had immediately prior to your transfer to ANZ Super Advantage Personal. The premium rates will change to those applicable in ANZ Super Advantage Personal (subject to any premium loadings, exclusions and limitations which applied to your insurance cover while you were part of your previous employer s plan). Cover and premiums will be advised upon your transfer to ANZ Super Advantage Personal and will apply from the date we are notified by your previous employer that you have ceased service. You will be eligible to continue your cover under ANZ Super Advantage Personal if: >> you are aged between 15 and 65 years >> you are an Australian citizen or permanent resident >> you reside in Australia (unless you are working overseas, subject to meeting the provisions outlined in the Insurance Guide) >> you are gainfully employed on a permanent basis for 15 hours or more per week for TPD or GSC cover >> no benefit has been payable under the insurance cover while you were part of your previous employer s plan >> you have not elected to transfer your super to another super fund and >> you are not joining the armed forces of any country. 7

12 Additional insurance information Death and Total and Permanent Disablement (TPD) Cover In order for you to be considered for assessment for TPD on Definition 1 (as outlined in the Insurance Guide which forms a part of the PDS), you will be required to be employed and have worked for an average of 15 hours or more per week over a period of six consecutive months from the date of your transfer to ANZ Super Advantage Personal, in the period immediately prior to the date giving rise to the disablement. You will also be considered for assessment for TPD (Definition 1) if you are employed and worked for a period of less than six consecutive months since moving to ANZ Super Advantage Personal. This will be conditional upon you having worked an average of 15 hours or more per week in the period immediately prior to the date giving rise to the disablement. If you do not satisfy the minimum number of hours, you may still be considered for assessment of TPD Cover however this will be under a more limited definition requiring you to experience any of the definitions of TPD Definition 2 (as outlined in the current PDS) before a TPD benefit will be paid. Group Salary Continuance (GSC) Cover In order for you to be considered for assessment for GSC Cover, you will be required to be employed and have worked for an average of 15 hours or more per week over a period of six consecutive months in the period immediately prior to the date giving rise to the disablement. You will also be considered for assessment for GSC Cover if you are employed and worked for a period of less than six consecutive months since transferring into ANZ Super Advantage Personal. This will be conditional upon you having worked an average of 15 hours or more per week in the period immediately prior to the date giving rise to the disablement. Please note: After transferring to ANZ Super Advantage Personal, you may be able to change the benefit and waiting period, and you should be aware that a reduction in the waiting period will require further underwriting and may result in higher premiums. 8

13 Helpful and efficient customer service We re here to help. Give our friendly Customer Services team a call on between 8.00am and 8.00pm weekdays (Sydney time). Alternatively, go online anytime to and login to ANZ Investor Access, where you ll find that many of your service queries can be answered at the click of a mouse. 9

14 Contact us Phone between 8.00am and 8.00pm Weekdays (Sydney time) Fax Postal address ANZ Super Advantage ING Life Limited GPO Box 4028 Sydney NSW 2001 Website ING Custodians Pty Limited ABN AFSL (ING Custodians) is the issuer and Trustee of ANZ Super Advantage. ING Custodians is a subsidiary of ING Australia Limited ABN (ING Australia). The information in this document is current as at April 2009 but may be subject to change and is a summary of the product features of ANZ Super Advantage only. It must not be construed as financial or professional advice and has been prepared without taking into account your objectives, financial situation or needs. Before making a decision based on this material you should consider the appropriateness of this material having regard to your objectives, financial situation and needs. You must read the ANZ Super Advantage Product Disclosure Statement and consider obtaining independent advice before making any financial decisions. Australia and New Zealand Banking Group Limited (ANZ) ABN ANZ s colour blue is a trade mark of ANZ. Item No. A2594/0409 An investment in ANZ Super Advantage is neither a deposit nor a liability of Australia and New Zealand Banking Group Limited ABN or any of its related corporations or INGA, ING Bank (Australia) Limited ABN , ING Investment Management Limited ABN or any other company in the ING Group other than ING Life Limited ABN in relation to the master policy. For full product information including fees, charges, commissions, terms and conditions please refer to the ANZ Super Advantage Product Disclosure Statement available on or by calling