Pension_SEN_Sep2018
1
3 0 Septem ber20 18
W h at
is ch an gin g
?
Ear ly R el eas e of Super
Fro m 1 July 20 18 ,the adm inistratio n fo rthe release of superannuatio no n com passio nate gro unds has
changed from t he Department o f Hum an Serv ices to the Australian T axo ffice, acces siblev ia
the
m y Gov
o nline serv ices po rtal at
www .my .go v .au
.
C omplai nts
H
andl i ng
Fro m 1 Nov em ber2 01 8 , T he Superannuatio n Com plaints Tribunal (SCT) and t heFinancial O m budsm an
Service ( FOS)will no lo nger be respo nsible fo r com plaints handling. The Australian Financial
Com plaints Autho rity ( AF
CA) w ill be re spo nsible fo r receiv ing com plaints from t his date.
P lease note that t he SCT
Á]oo } vı]vµ˚ } ›˚„ı˚}vˆ }uu ˚v˚u˚vı }„˚’} oÀ ˚Æ]’ı]vP
com plaints that were lo dged w ith t he SCT befo re 1 Nov em ber2 01 8
. Fo rmo re info rmatio n, please
see
htt ps: //ww w.firstsuper.com .au/ com plaints/
.
Adv ic e Fees
The adv ice fee s relating to all m em bers invest ing in aparticular My Super pro duct o r inve stm ento ptio n
has reduced to $ 6 .0 6 per annum
during 2 01 7/ 18 .
The equivalent adv ice fe e during t he 20 16 /1 7 year was $ 6 .8 1 per annum .
C aps and t hr es hol ds
The fo llowing superannuatio n t ax t hresho lds hav echanged
fo r t he2 01 8/ 19 financial y ear.
2 01 7/ 18
2 01 8/ 19
L um p sum lo w rate c ap
$ 20 0 ,0 00
$ 20 5 ,0 00
Untax edP lan c apamo unt
$ 1 ,4 45 ,000
$ 1 ,4 80 ,000
This no tice ex plains
the changes
to First Super Pensio n pro ducts . It includes events that im pact, and
changes to , the info rm atio n prov ided within the Pro duct D isclo sure Statements (P D S) o f tho se
pro ducts , including the asso ciated supplementary do cum ents. All changes will be inco rpo rate d w
ithin
µ’˚‰µ˚vı o˚} ( Z]o
www.firstsuper.com .au
First S upe r
t
Pe nsi o n
Significant Eve nt Notice
2
I nv es tment Opti on Obj ec tiv es
Inv estm ent O ptio n O bjectiv e
As at3 0 June20 17
As at3 0 Septem ber20 18
Shar es Pl us
Co nfine the chance o f t he rate c redite dto
m em bers falling below zero in any
financial
y ear to less t hanone in five
Co nfine the chance o f t he rate c redite dto
m em bers falling below zero in any
financial y ear to less t hanone in fo ur
G r owth
Co nfine the chance o f t he rate c redite dto
m em bers falling below zero in any
financial y ear to less t
hanone in six
Co nfine the chance o f t he rate c redite dto
m em bers falling below zero in any
financial y ear to less t hanone in five
B al anc ed
( Defaul t)
Co nfine the chance o f t he rate c redite dto
m em bers falling below zero in any
financial y ear to less t han
one in nine
Co nfine the chance o f t he rate c redite dto
m em bers falling below zero in any
financial y ear to less t hanone in e ight
C ons er v ati v e
B al anc ed
Co nfine the chance o f t he rate c redite dto
m em bers falling below zero in any
financial y ear to less
thanone in fifteen
Co nfine the chance o f t he rate c redite dto
m em bers falling below zero in any
financial y ear to less t hanone in t hirteen
C as h
Co nfine the chance o f t he rate c redite dto
m em bers falling below zero in any
financial y ear to being
negligible
Co nfine the chance o f t he rate c redite dto
m em bers falling below zero in any
financial y ear to being negligible
Standar d R i s k
Inv estm ent O ptio n Standard Risk
As at3 0 June20 17
As at3 0 Septem ber20 18
Shar es Pl us
4 .2Ye ars
4 .4Ye ars
G r owth
3 .5Ye ars
3 .7Ye ars
B al anc ed
( Defaul t)
2 .3Ye ars
2 .6Ye ars
C ons er v ati v e
B al anc ed
1 .2Ye ars
1 .5Ye ars
C as h
0 .0Ye ars
0 .0Ye ars
3
I nv es tment
Fees and C os ts
Inv estm ent Fee
Indirect Co st Ratio ( ICR)
2 01 6/ 17
2 01 7/ 18
2 01 6/ 17
2 01 7/ 18
Shar es
Pl us
0 .9
6
%
1 .12%
0 .07%
0 .08%
G r owth
0.
87
%
1 .05%
0 .06%
0 .06%
B al anc ed
( Defaul t)
0.
76
%
0
.
97
%
0 .04%
0 .04%
C ons er v ati v e
B al anc ed
0 .46
%
0 .46%
0 .03%
0 .03%
C as h
0 .01%
0 .03%
0 .01
%
0 .00%
No te: Investm ent fe es andICRs charged in subsequent financial y ears
will depend o n t he actual c osts
incurred in t ho sey ears.P ast co stsm ay no t neces sarily be an indicato r o f futureco sts.
Pr oper ty Oper ati onal
C os ts
P ro perty O peratio nalCo sts
2 01 6/ 17
2 01 7/ 18
Shar es Pl us
0 .18
%
0 .07
%
G r owth
0 .18
%
0 .07
%
B al anc ed
( Defaul t)
0 .14
%
0 .07
%
C ons er v ati v e
B al anc ed
0 .19
%
0 .07
%
Issu ed b y First Su p er Pt y L td ABN 42 053 49 8 472, AF SL N o . 223988, a s t h e Tru st ee o f Firs t Su p er ABN 56 286 6 25 181. Th is
in fo rmat ion is o f a g en era l n a tu re. It d o es n o t ta ke in to a ccou n t
y o u r ob jective s, fin an cial situ at ion o r sp ecifi c n eed s so y o u
sh o u ld lo o k at y o u r o wn fin ancial p o sitio n a n d r eq u iremen t s b efo r e mak in g a d eci sion . Yo u may wish t o co n su lt an a d vi ser
wh en d o in g t h is. Be fo re mak i n g a d ecision a b o u t First Su p e r p ro d u cts y o u
sh o u ld r ead t he r ele van t Pro d u ct Disc losu re
Sta tem en t wh ich is a vaila b le b y p h o n in g 1300 360 988
o r v isit
w ww. fir stsu p er.co m.a u
fo r a cop y .