Member Information Booklet - REI Super

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fees for financial advice Financial planning is offered to REI Super members through Mercer. Mercer financial advisers are authorised representatives of Mercer Financial Advice (Australia) Pty Ltd (MFA) ABN 76 153 168 293, Australian Financial Services Licence 411766. All members of REI Super with balances over $100,000 automatically become members of REI Super Elite. REI Super will contact you regarding the additional benefits and you will have the option to opt out of this membership if you do not wish to join. Part of the Elite service is a free initial appointment with a Mercer adviser. If further advice regarding superannuation is provided, REI Super will subsidise some of the cost. Conditions do apply, which should be discussed with your adviser. Mercer financial advisers are salaried professionals who do not receive commissions for advice provided to our members. You can arrange an appointment with them to discuss your financial situation. There is no cost or obligation to have the initial consultation. You will be provided with a fixed price quote for any further advice. Any fees are set by agreement between you and Mercer and provided to you in a letter of engagement. Contact Mercer on 1300 13 44 33. Adviser service fees REI Super does not pay or receive commissions. If you have used a financial adviser, they may charge a fee for the provision of their services, and you will need to discuss with them their Fees and Charges policy. family Law fees Family Law legislation allows for accrued superannuation benefits in superannuation accounts to be divided between couples upon their confirmed separation (special legal requirements apply) or divorce. A request for information about a member’s account balance can be made by the member, the member’s spouse or a person considering entering into a superannuation agreement with a member (e.g. a pre-nuptial agreement). REI Super charges a one-off fee of $450 for Family Law information and for splitting a superannuation payment upon receipt of a splitting agreement or court order. This fee will be invoiced direct to the relevant party. page 22 fee changes – our disclosure obligations All fees are current at the time of publication. They may be revised or adjusted by REI Super from time to time. REI Super may also introduce new fees from time to time. If there were to be an increase in fees, the Trustee would notify you at least 30 days in advance of the change. member Protection If your account balance is under $1,000 at 30 June in any year, in accordance with government regulations, REI Super will normally limit the administration costs for that year to a maximum of the amount of interest that the account balance has earned. Note that this ‘Member Protection’ provision does not apply in respect of insurance premiums, tax, or fees deducted prior to the declaration of investment returns, so those charges will still be deducted. If overall investment returns are lower than the overall administration costs of the Fund in a particular year, REI Super will charge the lesser of the normal fees and the investment return credited to your account, plus $10. If the investment return credited to your account is negative, the Trustee will charge the lesser of $10 or the normal fees.
7 How super is taxed 7 How super is taxed Super is one of the most tax-effective ways of saving for your future. That’s because contributions and investment earnings are only taxed at the low rate of 15% * , not at your marginal tax rate as other investments are. * Contribution limits apply. Super is taxed at a low rate! page 23
Page 1 and 2: ei Super elite member information b
Page 3 and 4: 1 About REI Super & REI Super Elite
Page 5 and 6: 2 How super works 2 How super works
Page 7 and 8: merge your super accounts with rei
Page 9 and 10: estrictions on cash payments Genera
Page 11 and 12: what are the benefits of being a me
Page 13 and 14: investment options REI Super Elite
Page 15 and 16: 5 How we invest your money 5 How we
Page 17 and 18: investment managers The investment
Page 19 and 20: ei Super elite diversified investme
Page 21 and 22: 6 Fees and costs 6 fees and costs I
Page 23: example of annual fees and costs fo
Page 27 and 28: tax on contributions From 1 July 20
Page 29 and 30: 8 Insurance in your super Automatic
Page 31 and 32: Additional cover The maximum amount
Page 33 and 34: ‘dependant’ means a spouse and
Page 35 and 36: elite members fixed Cover rate of P
Page 37 and 38: when does cover end? Your insurance

Member Information Booklet - REI Super

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