MY SUPER APPROVED uper OVED WA Super Super Solutons Product Dsclosure Statement V13.0 WA Super Product Dsclosure Statement V13.0, 1 December 2017 MySuper No. 18159499614451 Contents: 1) 2) 3) 4) 5) 6) 7) 8) 9) 10) About WA Super How super works Benefts of nvestng wth WA Super Rsks of super How we nvest your money Fees and costs How super s taxed Insurance n your super How to open an account Super Solutons applcaton form wasuper.com.au Issued by WA Local Government Superannuaton Plan Pty Ltd ABN 64 066 797 162, AFSL 269006, as Trustee for WA Local Government Superannuaton Plan ABN 18 159 499 614 USI: WAL0001AU Level 11, 105 St Georges Terrace, Perth, Western Australa 6000 T/ 08 9480 3500 F/ 08 9480 3501 Country Call/ 1300 99 85 42 PO Box Z5493, St Georges Terrace, Perth, Western Australa 6831 E/ nfo@wasuper.com.au
1) About WA Super The Western Australan Super Fund that always has Western Australans nterests at heart. We re an ndustry fund that s been lookng after Western Australans super for decades, managng over $2.8 bllon of ther savngs. That s why we can offer thorough knowledge of superannuaton as well as flexble choces and low fees, so that each member can talor ther super to ther own needs and plan for the retrement ncome they want. WA Super offers a choce of 9 nvestment optons so members can talor ther choces around ther needs and requrements. Orgnally establshed to servce local government employees, WA Super (Fund) s now avalable to all Western Australans. Unlke some other super funds, WA Super sn t run to make a proft for shareholders. Our only goal s to help our members retre the way they want to. The way they always magned they would. WA Super holds a MySuper lcence from APRA, whch means employers can nomnate WA Super as ther default super fund. Our MySuper opton s our MyWASuper nvestment opton. ELECTRONIC COMMUNICATIONS The Fund wll provde nformaton to you electroncally where possble, unless you choose otherwse. Ths ncludes your annual statement, changes to your account and nformaton about WA Super. You wll receve a notfcaton to let you know that the nformaton s avalable by accessng the secure member onlne area of our webste, or, n the future, va a moble app. GOVERNANCE DISCLOSURE Under the new superannuaton legslaton, we are requred to nclude a product dashboard and further Fund governance dsclosure, ncludng trustee and executve remuneraton dsclosure, on our webste. Ths nformaton s avalable on www.wasuper.com.au/governance. Ths Product Dsclosure Statement (PDS) provdes a summary of the key nformaton you need to make a decson. It ncludes lnks to addtonal nformaton that s part of ths PDS marked wth an. Ths mportant nformaton should be read before makng a decson to nvest n ths product. The addtonal nformaton may change between the tme when you read ths PDS and the day when you acqure the product. References to other nformaton or web pages, not marked wth an are mportant but do not form part of ths PDS. The nformaton n ths document s general nformaton only and doesn t take nto account your personal fnancal stuaton or needs. You may wsh to consult a lcensed fnancal advser to obtan fnancal advce that s talored to sut your personal crcumstances. The nformaton referred to n ths PDS may change from tme to tme. We wll nform you of any sgnfcant changes that could affect you or other sgnfcant events whch may affect the nformaton n ths PDS. Any updated nformaton that s not materally adverse may be obtaned by: checkng our webste emalng us at nfo@wasuper.com.au callng us on (08) 9480 3500 or 1300 99 85 42 (Country callers) A paper copy of the updated nformaton wll be provded free of charge on request. If you have any queres, or would lke another copy of ths PDS or any of the addtonal nformaton mentoned n t, you can contact us per the above contact detals. 2) How super works Super s all about savng for retrement. It s a partly compulsory plan ntroduced by the Government and the Government provdes tax benefts as a result. Super s a way to save money for when you retre and stop earnng a salary. Throughout your workng lfe, you and your employer make contrbutons to ths account. Generally, your employer puts an amount equal to 9.5 of your salary nto your account. Ths s called your Superannuaton Guarantee. You can also make addtonal contrbutons from your own before or after tax pay and, dependng on your salary, the Government may make co-contrbutons. START BY CHOOSING THE SUPER THAT S RIGHT FOR YOU Generally, you have the rght to choose your super, although your employer may make recommendatons. If you don t make a choce, your employer wll choose one for you. DIFFERENT TYPES OF CONTRIBUTIONS Savng for your retrement s mportant, and there are many dfferent ways contrbutons can be made to your account, for example: Employer contrbutons Government co-contrbutons Personal contrbutons Salary sacrfce contrbutons Spouse contrbutons All of these have rules that lmt the amount that you can contrbute each year and assocated tax mplcatons. For more nformaton about the rules that govern all super funds, vst www.ato.gov.au/ndvduals YOUR SAVINGS ARE MEANT FOR RETIREMENT ONLY Super s all about retrement so, generally, you can t wthdraw your super untl you retre or reach preservaton age. Only under certan, specal crcumstances can you wthdraw t earler. You should read the mportant nformaton about How Super Works before makng a decson. Go to www.wasuper. com.au/pds/membergude. The materal relatng to How Super Works may change between the tme when you read ths Statement and the day when you acqure the product. 1 Super Solutons PDS V13.0 Issued 1 December 2017
3) Benefts of nvestng wth WA Super WA Super s based n Perth, Western Australa. We understand that Western Australans lke to deal wth someone local, someone they can vst face to face f they want to. We beleve n personalsed frendly servce and try to keep thngs smple. Our Member Servces team are well traned and qualfed so they can assst you to plan for a comfortable retrement. WA Super s low fees mean that more of your money remans your money. We beleve that super shouldn t be complcated or confusng. In fact, many of our members enjoy the fact that our superannuaton product s smple, flexble and avalable to everyone. And because our fees are low and there are no hdden costs, they know that more of ther money s gong where they want t to go: ther retrement. Wth WA Super you ll enjoy: Low fees No entry fees, no hdden fees and no commssons Flexble nsurance cover Secure onlne access to your account nformaton 24/7 Workplace vsts and semnars A range of nvestment optons Access to the Smple Super Advce servce Comprehensve personal advce at compettve fee for servce rates.* *Personal fnancal advce s provded by fnancal planners employed by WA Local Fnancal Servces Pty Ltd (Western Fnancal), whch s wholly owned by WA Local Government Superannuaton Plan, as authorsed representatves of Quadrant Frst Pty Ltd AFSL 284443. 4) Rsks of super All nvestments, ncludng superannuaton, carry some rsk. Exactly how you choose to nvest n your super s really up to you. You may want to protect your money f you re close to retrement, or you may wsh to try and make your money grow as much as possble f you have more tme. Dfferent nvestment optons may carry dfferent rsks dependng on the underlyng mx of assets n that opton. Generally, gong for hgher returns nvolves greater rsk of short term losses, whle a more conservatve strategy wll have a lower rsk that may lead to your savngs not keepng up wth nflaton over tme. When consderng super, please bear the followng n mnd: The value of nvestments go up and down; Prevous returns don t guarantee future returns, as performance vares over tme; Superannuaton laws may change n the future; The amount you contrbute and the returns you get may not be enough to provde adequately for your retrement; No nvestment can guarantee returns. You may lose some of your money; Sgnfcant rsks may nclude: nflaton, market fluctuatons, currency exchange rates, nterest rate changes, lqudty and securty specfc rsk; and The level of rsk approprate for you wll depend on your age, nvestment tme frame, where other parts of your wealth are nvested and how comfortable you are at the possblty of losng some of your super n some years. STANDARD RISK MEASURE (SRM) The Standard Rsk Measure (SRM) s a rsk classfcaton system that s been developed to let you compare and evaluate the varyng rsks for dfferent super optons. The SRM for the MyWASuper opton s lsted n ths PDS. The SRM for all other nvestment optons s avalable n the Member Gude. From tme to tme, due to market condtons, an nvestment opton may move from ts desgnated rsk band to another eg from low to medum to medum untl such tme as remedal steps can be taken that move the nvestment opton back to ts desgnated rsk band. If ths occurs, we wll provde updated nformaton on the Fund s webste at www.wasuper.com.au. A paper copy of any updated nformaton wll also be avalable on request, at no charge. You should read the mportant nformaton about the Rsks of Super before makng a decson. Go to www.wasuper.com.au/ pds/membergude. The materal relatng to the Rsks of Super may change between the tme when you read ths Statement and the day when you acqure the product. 5) How we nvest your money YOUR RIGHT TO CHOOSE INVESTMENT OPTIONS WA Super s 9 nvestment optons are: DIVERSIFIED OPTIONS MyWASuper Dversfed Hgh Growth Dversfed Conservatve SECTOR-SPECIFIC OPTIONS Australan Shares Global Shares Sustanable Future Property and Infrastructure Bonds Cash When you set up your WA Super account, your nvestment wll be placed nto the default opton, whch s MyWASuper, unless you specfy a dfferent choce. If you wsh to swtch nvestment optons later, you can do so by completng a Change n Investment Optons form avalable at wasuper.com.au or by accessng your account onlne at http://onlne.wasuper.com.au. Fees may apply, see the secton on Fees and Costs.! WARNING You can choose one opton or you can choose a combnaton. When makng your choce, you should consder the dfferent levels of rsk and returns you re lkely to encounter wth each of these optons, as well as the tme frame of your nvestment. Super Solutons PDS V13.0 Issued 1 December 2017 2
OUR INVESTMENT APPROACH WA Super has a number of nvestment belefs whch drve our strategy and how we pursue and assess nvestment opportuntes. A summary of these belefs can be found n the Member Gude. RESPONSIBLE AND SUSTAINABLE INVESTING WA Super wll have regard to envronmental, socal and governance factors n ts nvestment arrangements, but only to the extent that such factors are expected to make an mprovement to the rsk-adjusted returns for members. The excepton s the Fund s socally responsble nvestment opton, Sustanable Future, whch dffers from our other sector- specfc optons. The managers engaged to manage nvestments n ths opton am to contrbute to the Unted Natons Sustanable Development Goals n a meanngful and measureable way (see http://www.un.org/sustanabledevelopment/sustanable-development-goals/ for further nformaton). DETAILS OF MYWASUPER The followng table provdes detals about the MyWASuper nvestment opton. The Trustee of WA Super reserves the rght to vary the asset allocatons of all or any of ts optons and to ntroduce new optons or dscontnue exstng optons wthout pror notce. The objectves are not guaranteed and past performance s not a predctor of future performance. You should consder seekng professonal fnancal advce before makng an nvestment decson. MYWASUPER (DEFAULT OPTION) Descrpton Investment may sut Recommended mnmum tme frame Return objectve# RISK Invests n a wde range of assets and asset classes wth a balanced approach between generatng return and reducng rsk. Members who are seekng a dversfed portfolo, whch nvests predomnantly n growth assets and who are comfortable wth a medum level of volatlty n returns. 7 years CPI + 2.5 P.A. Estmated Frequency of a Negatve Return* 4 to less than 6 tmes n 20 years Expected Magntude of a Severe Negatve Return* -10 Standard Rsk Measure Fxed ncome 28 Range: 20-40 Cash 2 Range: 0-10 ASSET ALLOCATION Equtes 36 Range: 25-45 Level 6 Hgh rsk Alternatves 16 Range: 5-25 Real assets 18 Range: 10-25 #We estmate that there s a 60 probablty of achevng or exceedng the return objectve over a rollng 10 year perod. *An explanaton of these terms are avalable n the Member Gude on page 6. You should read the mportant nformaton about How we nvest your money before makng a decson. Go to www.wasuper.com. au/pds/membergude. The materal relatng to How we nvest your money may change between the tme when you read ths Statement and the day when you acqure the product. 3 Super Solutons PDS V13.0 Issued 1 December 2017
6) Fees and costs! The Consumer Advsory Warnng above s prescrbed by legslaton. Admnstraton fees are not negotable at WA Super. FEES FOR MYWASUPER These fees and costs have been lad out so t s easy for you to compare smlar products and ther fees. The fees shown here are the maxmum amounts, and n some cases you may pay less. The example shown s for the default opton, the MyWASuper nvestment opton. Fees and Costs for MyWASuper Type of fee Amount How and when pad Investment fee 0.54 The nvestment fee s a hstorc estmate of nvestment costs whch are not charged as a fee but are deducted from the Fund s nvestment returns (smlar to the ndrect cost ratos). Please note that because the nvestment fee s only an estmate of nvestment costs, the nvestment fee may actually be hgher than what s dsclosed n ths document. Admnstraton fee $72.80 pa ($1.40 per week) plus 0.08 pa of your account balance. Deducted from your account at the end of each month. Buy/sell spread Nl Absorbed as part of the asset cost at the tme of the transacton. All buy/sell spreads ncurred by WA Super n managng your nvestment are ncluded n the Indrect Cost Rato below. Swtchng fee CONSUMER ADVISORY WARNING DID YOU KNOW? Small dfferences n both nvestment performance and fees and costs can have a substantal mpact on your long term returns. For example, total annual fees and costs of 2 of your account balance rather than 1 could reduce your fnal return by up to 20 over a 30 year perod (for example reduce t from $100,000 to $80,000). You should consder whether features such as superor nvestment performance or the provson of better member servces justfy hgher fees and costs. You or your employer, as applcable, may be able to negotate to pay lower fees. Ask the fund or your fnancal advser. TO FIND OUT MORE If you would lke to fnd out more, or see the mpact of the fees based on your own crcumstances, the Australan Securtes and Investments Commsson (ASIC) webste (www.moneysmart.gov.au) has a superannuaton fee calculator to help you check out dfferent fee optons. Nl for the frst two swtches, $50 per swtch thereafter. No fee f completed onlne. Deducted from your account at the tme of the swtch. Ext fee $80 Deducted from your account at the tme of the transacton. Advce fees relatng to all members nvestng n a partcular MySuper product or nvestment opton Other fees and costs Further nformaton on advce fees s avalable n the Member Gude under Addtonal explanaton of fees and costs. Refer to the secton Addtonal explanaton of fees and costs n the Member Gude. Indrect cost rato 0.34 Deducted from the Fund s nvestment returns before the credtng rate s appled to your account. FEE CHANGES We try not to ncrease fees but f we have to, we wll provde 30 days notce n advance (unless the ncrease s an ncrease n the nvestment fee that arses from ncreases n costs - under law, we may notfy you of these after the ncrease). Investment management fees are constantly revewed and wll change as Investment managers change and the amounts allocated to those managers. Investment fees are estmates for future fees based on hstorcal data.! WARNING Addtonal fees may be pad to a fnancal planner where they are consulted. If addtonal fees are pad to Western Fnancal by a member n exchange for personal advce those fees wll be dsclosed by Western Fnancal n a Statement of Advce. Super Solutons PDS V13.0 Issued 1 December 2017 4
EXAMPLE OF ANNUAL FEES AND COSTS FOR MYWASUPER Ths table gves an example of how the fees and costs for the MyWASuper opton can affect your superannuaton nvestment over a one year perod. You should use ths table to compare ths superannuaton product wth other superannuaton products. Example - MyWASuper (Default opton) BALANCE of $50,000 Investment fees 0.54 For every $50,000 you have n the superannuaton product you wll be charged $270 each year. PLUS Admnstraton fees PLUS ndrect costs for the superannuaton product EQUALS Cost of product $72.80 pa ($1.40 per week) plus 0.08 pa of your account balance And, you wll be charged $72.80 n admnstraton fees regardless of your balance plus $40. 0.34 pa And, ndrect costs of $170 each year wll be deducted from your nvestment. If your balance was $50,000 then for that year you wll be charged fees of $552.80 for the superannuaton product. Note: Addtonal fees may apply. And, f you leave the superannuaton entty, you may be charged an ext fee of $80 and a buy/sell spread whch also apples whenever you make a contrbuton, ext, rollover or nvestment swtch. The buy/sell spread for extng s 0 (ths wll equal to $0 for every $50,000 you wthdraw). You should read the mportant nformaton about Fees and Costs before makng a decson. Go to www.wasuper.com.au/pds/ membergude. The materal relatng to Fees and Costs may change between the tme when you read ths Statement and the day when you acqure the product. 7) How super s taxed Generally, your super wll be taxed n three ways: CONTRIBUTIONS Concessonal contrbutons are sometmes called before-tax contrbutons because the contrbutor can usually clam an ncome tax deducton. They nclude: compulsory super guarantee contrbutons made by your employer salary sacrfce contrbutons any personal contrbutons for whch you notfy us of your ntenton to clam as an ncome tax deducton. Concessonal contrbutons are taxed at 15 n the super fund. There are lmts on how much you can contrbute and f you exceed these lmts you may pay extra tax. If you exceed your concessonal contrbutons cap the excess contrbutons are ncluded n your taxable ncome. You wll receve a non-refundable tax offset equal to the 15 tax pad by your fund on ths amount. Further, an nterest charge may also be payable to recognse that tax on excess contrbutons s collected later than normal ncome tax. Non-concessonal contrbutons are generally after-tax contrbutons. They nclude personal contrbutons you make from your after-tax pay. They aren t usually taxed f you do not exceed your contrbutons cap. You are able to wthdraw superannuaton contrbutons that are n excess of the non-concessonal cap plus 85 of the assocated earnngs for those contrbutons. The assocated earnngs wll be taxed at your margnal tax rate. If you do not elect to release these excess amounts from superannuaton, a tax of 47 wll apply to the amount that exceeds your non-concessonal contrbutons cap. From 1 July 2017, ndvduals wth ncome greater than $250,000 wll have all concessonal contrbutons taxed at 30. The defnton of ncome for the purpose of ths measure wll nclude taxable ncome, concessonal superannuaton contrbutons, adjusted frnge benefts, total net nvestment loss, target foregn ncome, tax-free government pensons and benefts, less chld support. If ths s lkely to affect you, we suggest you seek advce from one of our Fnancal Planners. See www.ato.gov.au for detals. INVESTMENT EARNINGS Investment earnngs are taxed at a maxmum of 15. The tax s deducted before earnngs are declared, so credtng rates are shown after tax. WITHDRAWALS Wthdrawals from your account before you turn 60 may be taxed. After you turn 60, generally, no tax wll apply.! WARNING! WARNING PROVIDING YOUR TFN No one lkes payng more tax than they have to, so please make sure we have your Tax Fle Number (TFN). If we don t have your TFN the ATO wll make us deduct 47 on all your concessonal contrbutons and we won t be able to accept any non-concessonal contrbutons from you. Provdng your TFN s optonal, but t could save you a lot of money. If you decde to gve us your TFN, we ll only use t for lawful purposes such as trackng down any lost super for you, calculatng any tax payable on contrbutons or payments, reportng to the ATO, co-contrbuton matchng, provdng t to another super fund or Retrement Savngs Account provder f you ve rolled your super out. These purposes may change n the future f requred by law. You should read the mportant nformaton about How super s taxed before makng a decson. Go to www. wasuper.com.au/pds/membergude. The materal relatng to How super s taxed may change between the tme when you read ths Statement and the day when you acqure the product. 5 Super Solutons PDS V13.0 Issued 1 December 2017
8) Insurance n your super Wth WA Super, there are three types of nsurance: Death cover: n case of death or termnal llness, you/or your dependants may receve a lump sum Total and Permanent Dsablement (TPD) cover: you may receve a lump sum f you become totally and permanently dsabled Income Protecton cover: ths helps to protect your monthly ncome f you become temporarly or permanently dsabled. BASIC INSURANCE COVER If you meet the requred elgblty crtera, you wll automatcally receve Basc Cover for death, TPD and ncome protecton. See the Insurance Gude for more nformaton about elgblty crtera, nsurance condtons, cost and exclusons that may be applcable to you. Basc Cover Type Level of Cover Cost of Cover Death & TPD Cover amount s based on your age. Ranges between $0.40 to $5.47 per week dependng on your age* Income Protecton 85 of nsured salary 90 day watng perod 2 year beneft payment perod Ranges between $0.24 to $11.26 per week dependng on your age* These premums wll be automatcally deducted from your super account at the end of each month untl you notfy us otherwse. *Please refer to the Insurance Gude for full detals.! WARNING Unless you have declned default nsurance cover or have cancelled your exstng cover, the cost of that cover wll contnue to be deducted from your account. Informaton about elgblty, cancellaton, any condtons and exclusons that apply, the level and types of nsurance cover avalable, the actual costs of such cover and any other sgnfcant matters n relaton to such cover ncludng your duty of dsclosure s contaned n the Insurance Gude. These matters may affect your enttlement to nsurance cover and therefore addtonal nformaton n the Insurance Gude should be read before decdng whether nsurance s approprate for you. VARYING INSURANCE COVER FOR YOUR NEEDS If you need nsurance cover n addton to the Basc Cover automatcally provded you must complete an Insurance Applcaton or Varaton form specfyng the type of cover you want and how much you need, subject to you meetng the requred elgblty crtera. There are costs assocated wth nsurance cover whch wll be pad out of your super account balance. The premums wll be automatcally deducted from your account at the end of each month and dffer dependng on your level of cover, age, gender and occupaton. If you do not wsh to have nsurance cover when you jon, you may cancel t by ndcatng so on the applcaton form or you can contact the Member Servces team. If you already have cover that you want to change or cancel, complete the Insurance Applcaton or Varaton form or Insurance Cancellaton Form avalable at www.wasuper.com.au. Insurance cover s provded under polces ssued to the Trustee by TAL Lfe Lmted (ABN 70 050 109 450 AFSL No 237848) You should read the mportant nformaton about Insurance n your super before makng a decson. Go to www.wasuper.com.au/pds/nsurancegude. The materal relatng to Insurance n your super may change between the tme when you read ths Statement and the day when you acqure the product. Super Solutons PDS V13.0 Issued 1 December 2017 6
9) How to open an account HOW TO OPEN AN ACCOUNT To jon, you ll need to: Read the PDS and satsfy yourself that you re well nformed Complete an applcaton form. There s one attached to the PDS. You may have joned va your employer but we would stll lke to have an applcaton form so that we have all your correct detals. Revew all your choces, lke nvestment optons and nsurances. Send the completed applcaton by post, emal or fax to the Fund. You and your employer can then begn to make contrbutons. You have the rght to change your mnd. COOLING OFF PERIOD If you apply for the product, you re enttled to a 14-day coolng-off perod, durng whch tme you can cancel your membershp or transfer to another fund wthout penalty. The coolng-off perod starts ether when you receve confrmaton of your membershp, or at the end of the ffth day after your nvestment s accepted by us, whchever s earler. To cancel your membershp, just wrte to us and let us know. RESOLVING ANY COMPLAINTS We am to provde the hghest level of servce to you at all tmes. However, f you have a complant about the servces provded contact the Clent Contact Manager on (08) 9480 3500 or 1300 99 85 42. If your complant s not satsfactorly resolved wthn fve workng days usng ths method, you can wrte to the Complants Offcer at WA Super, PO Box Z5493, St Georges Terrace, Perth WA, 6831. If you are stll not satsfed wth the outcome you have the rght to contact the Superannuaton Complants Trbunal (SCT) on 1300 884 114 or the Fnancal Ombudsman Servce (FOS) on 1800 367 287. You can also approach the SCT or FOS f you have not heard back from the complants offcer wthn 90 days or 45 days for SCT or FOS-related complants respectvely. Both the SCT and FOS are a free servce to you. YOUR PRIVACY Your prvacy s mportant to us. Detals on how your personal nformaton s collected, managed and used s contaned n our Prvacy Polcy whch ncludes our Prvacy Collecton Statement and s avalable at www.wasuper.com.au/prvacy/. You should read the mportant nformaton about How to open an account, WA Super s complants process and prvacy statement before makng a decson. Go to www.wasuper.com.au/pds/membergude. The materal relatng to How to open an account, WA Super s complants process and prvacy statement may change between the tme when you read ths Statement and the day when you acqure the product.
Date Stamp (Internal Offce Use Only) Super Solutons: Applcaton for membershp After readng the Super Solutons PDS, complete ths form n pen usng CAPITAL letters. Where applcable complete boxes wth an X SECTION 1 - YOUR PERSONAL DETAILS Last name Mr Mrs Mss Ms Dr Frst name/s Male Female Date of brth (DD/MM/YYYY) / / Postal address Suburb/town State Postcode Street address (f dfferent to postal address) Suburb/town State Postcode Home phone Day tme phone Moble Emal SECTION 2 - TAX DETAILS Supplyng your Tax Fle Number (TFN) to the Fund s optonal. Before you decde whether to provde your TFN, we are requred to notfy you of the followng nformaton: Under the Superannuaton Industry (Supervson) Act 1993, WA Super s authorsed to collect, use and dsclose your tax fle number. The trustee may dsclose your tax fle number to another superannuaton provder, when your benefts are beng transferred, unless you request the trustee n wrtng that your tax fle number not be dsclosed to any other superannuaton provder. Declnng to quote your tax fle number to the trustee s not an offence. However gvng your tax fle number to WA Super wll have the followng advantages: we wll be able to accept all permtted types of contrbutons to your account/s; other than the tax that may ordnarly apply, you wll not pay more tax than you need to - ths affects both contrbutons to your superannuaton and beneft payments when you start drawng down your superannuaton benefts; and t wll make t much easer to fnd dfferent superannuaton accounts n your name so that you receve all your superannuaton benefts when you retre. Please enter your Tax Fle Number (TFN): SECTION 3 - INVESTMENT OPTIONS You have the rght to choose from a number of dfferent nvestment optons whch all have dfferent rsk and return profles. The default nvestment opton s MyWASuper, so f you do not make a choce, or your selecton s nvald (e.g. doesn t add to 100) all of your contrbutons wll go nto the MyWASuper opton. Please nvest my contrbutons accordng to the followng percentage splts: MyWASuper (Default) Would you lke to choose your nvestment opton/s? Yes (make your selectons opposte) No (go to secton 4) Please note: You can change your nvestment optons n the future by completng a Change n Investment Optons Form or you can do t onlne by vstng the secure member onlne area of our webste. Before makng an nvestment choce you may wsh to seek professonal advce. Dversfed Hgh Growth Dversfed Conservatve Australan Shares Global Shares Sustanable Future Property & Infrastructure Bonds Cash Whole numbers only Total 1 0 0 Super Solutons PDS V13.0 Applcaton Form Issued 1 December 2017 TF2.13
SECTION 4 - YOUR INSURANCE Basc cover s provded to all members who are elgble for cover and meet the condtons for automatc acceptance. See the Product Dsclosure Statement and Insurance Gude for detals. The tables below detals the level of Basc cover and cost. Death and Total Permanent Dsablement (TPD) Age next brthday Basc Death Cover Basc TPD Cover 16-25 $60,000 $120,000 26-30 $120,000 $100,000 31-40 $160,000 $80,000 41-45 $160,000 $60,000 46-50 $120,000 $40,000 51-55 $80,000 $20,000 56-60 $40,000 $20,000 61-65* $20,000 $10,000 66-70* $10,000 $10,000 Level of cover *See the Insurance Gude for elgblty detals and restrctons based on age. a) Are you currently or have you prevously been employed as a Polce Offcer*? Currently Never b) Would you lke to ncrease the level of nsurance above the Basc cover? Yes (We wll contact you or you can complete the Insurance Varaton Form) c) Do you have nsurance elsewhere that you would lke to transfer? Yes (We wll contact you or you can complete the Insurance Transfer Form) d) Would you lke to cancel the Basc cover? No (go to secton 5) Yes, mark the box for the nsurance you want to cancel. Death and TPD Prevously Income Protecton Income Protecton 85 nsured salary (to a maxmum of $3,000 per month) 90 day watng perod 2 year beneft perod *Age lmts apply see Insurance Gude for more nformaton You can apply to change your watng and beneft perod by completng the nsurance applcaton or varaton form. You can also apply to ncrease your cover to the Automatc Acceptance Lmt subject to elgblty. * Current polce offcers are not elgble for Death & TPD and Income Protecton cover. Former polce offcers are only elgble for Death only and Income Protecton Cover, subject to underwrtng. Please note: If you cancel your cover then decde to apply for nsurance n the future you wll have to supply medcal and health nformaton. SECTION 5 - NON-BINDING BENEFICIARY NOMINATION In the event of your death whle a member of the Fund, the Trustee has the dscreton to pay a death beneft to one or more of your elgble dependants and any legal personal representatve(s) to form part of your estate. Whle the Trustee wll exercse ts dscreton n decdng who s elgble to receve ths beneft, your wshes wll be taken nto consderaton but the nomnatons below are not bndng. Please refer to the Member Gude for further nformaton. If you wsh to nomnate a non-bndng death beneft benefcary, please complete the secton below. Last name Last name Last name Last name Frst name/s Frst name/s Frst name/s Frst name/s SECTION 6 - BINDING BENEFICIARY NOMINATION A bndng death beneft nomnaton can provde you wth greater certanty about who wll receve your beneft n the event of your death. A bndng nomnaton nstructs the Trustee how to pay your death beneft; provdng t s vald, WA Super must follow t, even f your crcumstances have changed. The person/s nomnated must be one or more of the followng: Your spouse (ncludng legal, de facto and same sex couples); Your chldren (ncludng step, ex-nuptal, adopted and your spouse s chldren); Any person who was fnancally dependent on you at the tme of your death; Any person who was n an nterdependency relatonshp wth you at the tme of your death; or Your legal representatve, whch means the executor of your estate. Super Solutons PDS V13.0 Applcaton Form Issued 1 December 2017 TF2.13 No No Relatonshp to you (select ONE only) Spouse Interdependant Chld Relatonshp to you (select ONE only) Spouse Interdependant Chld Relatonshp to you (select ONE only) Spouse Interdependant Chld Relatonshp to you (select ONE only) Spouse Interdependant Chld Fnancal dependant Fnancal dependant Fnancal dependant Fnancal dependant of beneft of beneft of beneft of beneft of beneft Legal personal representatve at the tme of your death. Your nomnatons must be whole numbers & equal to 100.
SECTION 6 - BINDING BENEFICIARY NOMINATION CONTINUED A bndng death beneft nomnaton must be made on a Bndng Benefcary Nomnaton form avalable on our webste, sgned and dated by you n the presence of two wtnesses. Ths can be changed at any tme, usng the Bndng Benefcary Nomnaton form. A vald bndng death beneft nomnaton remans n effect for three years and must be renewed before the expry for t to reman vald. If a bndng death beneft nomnaton expres, t wll revert to a non-bndng death beneft nomnaton and the Trustee wll exercse ts dscreton when determnng to whom your benefts are pad. SECTION 7 - TRANSFERRING OTHER SUPER OR LOST SUPER INTO THE FUND a) Would you lke help n consoldatng all of your Super nto WA Super? Yes (We wll contact you) SECTION 8 - EMPLOYER DETAILS a) Are you currently employed? Yes (complete detals below) No (go to secton 9) b) What s the name of your employer? Employer No b) Would you lke us to use your TFN and other detals to check f you have any super lsted wth the Australan Tax Offce ncludng lost and other actve accounts? Yes (We wll let you know f we fnd any) No c) Wll your employer be makng contrbutons nto ths account? Yes (complete detals below) No, contact the Fund to dscuss nsurance (go to secton 9) d) What s your occupaton? Occupaton e) What date dd you commence work wth ths employer? Date / / f) What s your employment status? Full tme Permanent Part Tme Casual g) What s your cash salary? (Cash salary = annual salary excludng super and any non-cash benefts) $ SECTION 9 - SENDING YOUR ACCOUNT TO THE AUSTRALIAN TAX OFFICE (ATO) a) Would you lke to opt out of your WA Super account beng sent to the ATO f you become lost or nactve? Yes - never send my super to the ATO unless requred to do so. No - I am happy for my super to go to the ATO f I become lost or nactve. SECTION 10 - YOUR PRIVACY Your prvacy s mportant to us. Detals on how your personal nformaton s collected, managed and used s contaned n our Prvacy Polcy whch ncludes our Prvacy Collecton Statement and s avalable at www.wasuper.com.au/prvacy/. SECTION 11 - PERSONAL ACKNOWLEDGEMENT AND DECLARATION All nformaton provded by me on ths form s correct. I acknowledge that I have receved a copy of the Product Dsclosure Statement Verson 13.0 dated 1 December 2017 and have read and consdered all nformaton contaned wthn before makng any decsons and understand the terms of my membershp. I wll be bound by the Fund s Trust Deed and Rules n all respects I understand that the value of my funds s not guaranteed. The value of nvestments may rse and fall and I may not get back the amount orgnally nvested due to nvestment fluctuatons and the deducton of applcable taxes and fees. If I am uncertan as to the most approprate nvestment strategy for my personal needs, I should seek professonal fnancal advce from a lcensed fnancal advser before decdng upon my nvestment opton(s). I acknowledge that by supplyng my emal address, I wll receve nformaton regardng the Fund va emal, and certan marketng nformaton. I am able to unsubscrbe at any tme. I have read and understood the Fund s Prvacy Polcy ncludng the Prvacy Collecton Statement whch s avalable at www.wasuper.com.au/prvacy. I understand how WA Super wll collect, use and dsclose my personal nformaton. Sgnature Parent/guardan sgnature f under 18 years of age Date Date Super Solutons PDS V13.0 Applcaton Form Issued 1 December 2017 TF2.13 WA Local Government Superannuaton Plan Pty Ltd ABN 64 066 797 162, AFSL 269006, as Trustee for WA Local Government Superannuaton Plan ABN 18 159 499 614 Level 11, 105 St Georges Terrace, Perth, Western Australa 6000 T/ 08 9480 3500 F/ 08 9480 3501 Country Call/ 1300 99 85 42 PO Box Z5493, St Georges Terrace, Perth, Western Australa 6831 E/ nfo@wasuper.com.au wasuper.com.au
wasuper.com.au Issued by WA Local Government Superannuaton Plan Pty Ltd ABN 64 066 797 162, AFSL 269006, as Trustee for WA Local Government Superannuaton Plan ABN 18 159 499 614 USI: WAL0001AU Level 11, 105 St Georges Terrace, Perth, Western Australa 6000 T/ 08 9480 3500 F/ 08 9480 3501 Country Call/ 1300 99 85 42 PO Box Z5493, St Georges Terrace, Perth, Western Australa 6831 E/ nfo@wasuper.com.au