Superannuation may sound complex but it is really just the money you put away for your retirement. IOOF Portfolio Service Superannuation Fund is required to provide a product disclosure statement to ensure that each customers understands how their superannuation works.
If you're an employee that is paid less than $450 per month, you will not receive the SG. Home. {{#items}}
IOOF Personal Super is a Division of the IOOF Portfolio Service Superannuation Fund and is a lifetime portable super solution that provides members with extensive choice and flexible features.The Core Menu offers members access to ready-made portfolios, consisting of a range of diversified and single sector multi-manager trusts.
The Federal Government has set the SG percentage rate to 9.5% until 1 July 2021 when it will gradually increase by 0.5% each year until it reaches 12% for the year starting on or after 1 July 2025.
If your date of birth is after 30 June 1964 your preservation age will be 60.
Pension Funds. Superannuation is a financial product, and as a financial product is requires the statement of disclosure regarding the product. In the 2019 financial year, the number of IOOF Portfolio Service Superannuation Fund members changed by -6%, which places them at 100 of 150 funds in terms of growth.
Product disclosure statements are a standard for financial services products in Australia.Each of your employers contributes 9.5% of your ordinary time earnings (which is most likely your salary) to a superannuation fund, where that money is then invested, ready for your retirement. These contributions make up the Superannuation Guarantee (SG) and provide the base for your superannnuation. There are a few exceptions to the rule tho. The Government is committed to increasing the amount of super that each employer must contribute, to sure up the retirement of those that rely upon super. IOOF Portfolio Service Superannuation Fund has 301,878 members, which ranks it at number 19 largest of 150 funds. Product disclosure statements are a standard for financial services products in Australia. IIML is the Trustee of the IOOF Portfolio Service Superannuation Fund (Fund), ABN 70 815 369 818. IOOF Portfolio Service Personal Superannuation is designed for individuals seeking a diverse choice of managed fund investments options without having to set up their own self-managed fund. In most other cases, your employer will be required to pay the SG on your behalf at the rate specified by the statute.There are restrictions on when and how you can access your superannuation. Generally, your super benefits are stored in a super or some form of rollover fund until you retire from the workforce on/or after reaching your preservation age. 1300 001 153. The increased Superannuation Guarantee ensures more funds will be available for each person in their retirement.Most employees working in Australia will be eligible for the Superannuation Guarantee (SG). This application accompanies the IOOF Pursuit Select Personal Superannuation USI IOF0083AU (Pursuit Select) Product Disclosure Statement ().This online application form is for use by financial advisers who may use it to open a Pursuit Select account on behalf of … Compare IOOF Portfolio Service - Allocated Pension and other Pension products at RateCity, Australia's leading comparison site .
The Federal Government has placed modified the restrictions on when you can access your super. Superannuation Fund general reference guide (PPS.02) .