Member Online Help

Account balance

Your account balance is calculated by multiplying the number of units you have in each investment option by the unit price for each option. As the unit prices are calculated on a daily basis, the value of your account may change daily.

Account type

If you are in the Super Savings product you’ll have access to both an Accumulation account to help save for your future and an Income account for when you are transitioning to retirement or when you have retired.

If you are in the Super Savings – Corporate product, you’ll have access to both an Accumulation account to help save for your future and an Income account for when you are transitioning to retirement or when you have retired. The account name that will appear in Member Online will be your Corporate plan name.

Accumulation account rebalance option

Over time your investment allocation and risk level may shift from your preferences because of market movements or transactions on your account.

You can ask us to regularly switch your investments to maintain your preferred investment strategy and level of risk. We call this rebalancing.

This is how it works

1. You can choose rebalancing when you switch investments and select 2 or more investment options.

2. You can tell us when to rebalance your investments either:

• every 6 months on 31* March and 30* September or
• every 12 months on 31* March

3. You can cancel or change your rebalancing settings at any time.

4. You can't choose rebalancing if you invest any of your balance in the Lifecycle Investment Strategy.

*Or on the next business day after this date if it falls on a weekend or national public holiday.

If you make an investment switch in the future, you'll need to choose how often you'd like your account to be rebalanced again (if at all). You may need to seek financial advice to help you manage your investment strategy and make sure you have the right asset mix for you.

Asset class / Asset mix

Each investment option offered by Australian Retirement Trust invests in one or more asset classes. Some examples of asset classes include shares, property, fixed income and cash.

Beneficiaries

In the unfortunate event of your death, the Australian Retirement Trust Trustee is required to pay your death benefit to your beneficiaries or where there is no eligible beneficiaries, any person who has a fair claim.

There are different types of beneficiaries that Australian Retirement Trust members can nominate:

Beneficiary type

There are two types of beneficiaries you can nominate during your membership: Preferred and Binding. If you open an Income account or restart an existing Income account, you also have the option to nominate a Reversionary beneficiary.

Binding beneficiary

A binding death benefit nomination ‘binds’ the Trustee to pay your death benefit to the nominated beneficiaries.

Preferred beneficiary

If you nominate a preferred beneficiary the Trustee will use this as a guide in deciding how to pay your death benefit.

Reversionary beneficiary

A reversionary beneficiary will continue to receive your income payments if you die. You can only nominate your spouse or your de facto as a reversionary beneficiary. You cannot nominate your legal personal representative. Only Australian Retirement Trust members with an Income account are eligible to nominate a reversionary beneficiary.

Changing jobs

When you start a new job, you can take Australian Retirement Trust with you. In most cases, you don’t have to go along with the super fund that your employer has picked for you – even though it may seem that way. You have the right to choose.

Concessional contributions

Concessional contributions or 'before-tax' contributions are super contributions that come out of your before-tax pay. Concessional contributions include all employer contributions (including salary sacrifice), as well as self-employed or personal contributions for which you claim an income tax deduction.

Concessional contributions - Annual cap

The maximum amount of concessional contributions you can make to super in a year that will benefit from concessional tax treatment is capped.

Any concessional contributions you make over the cap are included in your taxable income and taxed at your marginal tax rate, with an additional excess concessional contributions charge. For more information on concessional contributions, you can visit our Super Contributions cap page.

Employer compulsory

The Superannuation Guarantee or SG is the minimum amount employers are required to pay into their eligible employees’ super accounts. Currently, SG is 11.5% of an eligible employee’s ordinary time earnings and must be paid at least four times a year by quarterly due dates into a complying super fund that the employee chooses, or, if they don’t choose, that the employer chooses. An employer generally needs to pay SG for an employee unless that employee is under 18 or considered a domestic or private worker and not working more than 30 hours per week. SG is governed by the Superannuation Guarantee (Administration) Act 1992, which outlines the administrative arrangements of the compulsory superannuation system, including employers’ liabilities, eligible super funds and penalties for employers who do not pay super for their employees.

Government co-contributions

If you pay your own money into super and your salary is below a certain limit, you can receive a free top up to your super from the Federal Government. If you are eligible for a co-contribution simply make a voluntary after-tax contribution to your super account and the Government will add the co-contribution to your account after you lodge your tax return.

Low Income Superannuation Tax Offset (LISTO)

If your income is $37,000 or less the Government could boost your super savings by giving you a low income super contribution. If you're eligible the LISTO is paid directly to your super fund.

This scheme replaces the Low Income Superannuation Contribution (LISC).

Salary sacrifice

You may be able to arrange with your employer to have part of your before-tax salary paid straight into your super. This can provide tax advantages for some people. If your employer doesn’t allow salary sacrifice, you may be able to make a voluntary after-tax contribution then claim a tax deduction. Caps apply to the amount you can contribute to super.

Voluntary

Are also known as after-tax or non-concessional contributions. If you make a voluntary contribution and are eligible for the Government co-contribution, it will be paid into your account after you lodge your tax return. You can also choose to claim a tax deduction for voluntary contributions, though you would not be eligible for the co-contribution on amounts for which a deduction was claimed.

Up To Date

This date reflects the latest date which Australian Retirement Trust has posted the specified transaction activity for your account within the selected financial year.

Administration fees and costs

Australian Retirement Trust charges administration fees and costs to manage your account.

Our administration fees and costs comprise three components:

1. a flat fee deducted from your account balance that applies irrespective of your account balance;
2. a percentage fee deducted from your account balance; and
3. a percentage-based cost that is not deducted from your account balance as it is paid from the Australian Retirement Trust general reserve.

For Super Savings Accumulation accounts, the administration fees and costs are generally deducted from your account balance weekly.

For Super Savings Retirement income accounts, the dollar based administration fee of $1.20 is generally deducted from your account balance weekly. The percentage administration fee of 0.10% p.a. is generally deducted from your account balance monthly. The percentage administration cost of 0.07% p.a. is not deducted from your account but is deducted from the Fund's general reserve.

Check the Product Disclosure Statement for more information.

Investment fees and costs

Australian Retirement Trust charges investment fees and costs to cover the costs of investing and managing your investments. Investment fees and costs are deducted daily from the investment option prior to the calculation of daily unit prices. Please check your Product Disclosure Statement for more information.

Advice fee

If you receive personal advice from our financial planners, the cost of advice about your account is included in your membership.¹

If you receive advice from an approved external planner, you may be charged a fee. If an external financial adviser charges a fee about your Australian Retirement Trust account, you can instruct them to pay the advice fee from your account. This fee varies depending on the type of advice, but you will be told the fee before you receive the advice. If you receive advice about your Australian Retirement Trust account, the fee may even be deducted from your account balance.

Fees and costs

Fees and other costs may be deducted from your account, from the returns on your investment, or from the fund assets as a whole. Check the Fees and other costs sections of your Product Disclosure Statement for more information.

Benefit exclusion

The insurer may specify a benefit exclusion that will apply if a claim for additional insurance on your Super Savings account is related to a specified condition or pastime. This means the insurer will not pay an additional insurance benefit if a claim relates to any specified exclusion.

Benefit Period

Benefit Period means the maximum period of time for which benefits will be paid for any one period of Total Disability, Limited Total Disability or one period of Total and Partial Disability.

Death cover

If you die or become terminally ill, you or your dependents or beneficiaries may receive a lump sum, helping them to pay any debts or bills and provide ongoing income.

Income Protection cover

Provides an income while you are unable to work due to illness or injury to help you pay your expenses while you focus on your health and recovery.

Insurance

Australian Retirement Trust provides access to flexible Death, Total & Permanent Disability and Income Protection insurance to keep you protected 24 hours a day, 7 days a week if something unfortunate were to happen to you. You have the flexibility to make sure your cover is right for you. Australian Retirement Trust offers easy ways for you to change your cover, apply for cover or cancel your cover.

Insurance premiums

Premiums are calculated weekly and normally deducted from your account each month.

Occupational category

When you apply for tailored cover, the insurer will determine your 'occupational category' based on your occupation at the time. Your 'occupational category' then determines the premium you pay for you cover. The table below shows the 'occupational categories' that apply to Tailored cover. Professional and White categories also apply to White Collar cover.