We offer you a premium super solution including:
Choose where your super contributions go
From 1 October 2020, your employer will begin paying contributions to their new default fund.
To have your employer pay contributions into your current account with us, please send an email, with your name and ADM, stating that you would like them to continue to pay super contributions to your current account with IOOF. The email needs to be sent to firstname.lastname@example.org.
Please call ClientFirst on 1800 787 372 if you would like assistance.
Enjoy discounted fees as outlined below.
|MySuper default members*||Choice members|
|Account keeping fee||$46.13 pa||$46.13 pa|
|Administration fee||0.07% pa||0.10% pa|
Fees are inclusive of GST less any applicable reduced input tax credits. The full range of fees is available in the Product Disclosure Statement.
*If you do not nominate your own investment strategy, your money is invested in our MySuper default investment option, the IOOF Balanced Investor Trust. This option has target asset allocation of 70% growth assets and 30% defensive assets. If you choose your own investments, you will be classified as a Choice member.
Mix and match your portfolio from our large range of investment options or stay with our simple default fund. The choice is yours.
Our default option, IOOF Balanced Investor Trust (IBIT), is the winner of the Money Management 2020 Fund Manager of the Year Awards: Multi Asset – Balanced category and was ranked in the Top 10 by Chant West1.
You have the option of becoming a Choice member with full access to the menu below while still maintaining your investment in IBIT.
Ready-made portfolios: We do the hard work for you as our experienced IOOF Investments Team actively manage 13 diversified portfolios of high-quality managers that have varying risk profiles.
Self-selected managed funds: Choose from over 300 managed funds including 14 Bendigo and Sandhurst funds.
Shares: You can choose to invest your super directly in any of the shares on the S&P/ASX300 as well as a range of other securities approved by the Trustee, with real time share trading online.
Term deposits: Choose from a range of term deposits provided by Adelaide Bank, NAB and ANZ.
We offer flexible insurance cover that can be tailored to your needs with features including:
Unlike other super funds, your money is invested directly into your chosen option. Capital gains tax is only payable when you leave IOOF or change investments, rather than on an ongoing basis.
This means you can move to the personal super and pension divisions without paying capital gains tax or transfer costs.
If you are an employee member aged 58 or over, you can open an IOOF pension account and enjoy a discounted administration fee of 0.10% pa. In addition, you won’t pay capital gains tax if you keep the same investment options.
Through the IOOF Education and Advice Team, our financial advisers can help you with simple, single issue advice, including investments, insurance, consolidation, contributions and pre-retirement planning. If you have more complex needs, we can put you in touch with a qualified financial adviser. Please contact us if you’d like to speak with an adviser.
Please contact ClientFirst on 1800 787 372 or email@example.com.
1 IOOF Balanced Investor Trust ranked 7th top performing growth option by Chant West for the 2018/19 financial year.
© 2020 FE Money Management. all rights reserved. the information, data, analyses, and opinions contained herein (1) include the proprietary information of FE Money Management (2) may not be copied or redistributed (3) do not constitute investment advice offered by FE Money Management (4) are provided solely for informational purposes and therefore are not an offer to buy or sell a security (5) are not warranted to be correct, complete, or accurate. FE Money Management shall not be responsible for any trading decisions, damages, or other losses resulting from, or related to, this information, data, analyses, or opinions or their use. FE Money Management does not guarantee that a fund will perform in line with its Fund Manager of the Year award as it reflects past performance only. Likewise, the Fund Manager of the Year award should not be any sort of guarantee or assessment of the creditworthiness of a fund or of its underlying securities and should not be used as the sole basis for making any investment decision. For more information about the methodology behind the awards visit https://fundmanagerawards.moneymanagement.com.au