If you’re retiring, or looking to transition to retirement, Suncorp WealthSmart™ Pension offers:
- Flexible investment options, including multi-manager portfolios custom-built by investment specialists.
- Online access to your account whenever you feel like it.
- Competitive fees, with family linking and discounts for larger balances.
Features
| Minimum initial investment | $25,000 |
| Investment choice |
|
| Auto-rebalancing | Keep your investments in line with your investment strategy by rebalancing quarterly, half-yearly or yearly. |
| Flexible pension payments | You can choose from monthly, quarterly, half-yearly or yearly. |
| Pension payment strategy | You can nominate which investment options you’d like your pension payments drawn from. |
| Non-lapsing death benefit nomination | Have certainty over who will receive your death benefit, without the hassle of updating your nomination. |
| Reversionary nomination | Your beneficiary can tax-effectively receive your pension payments if you die. |
| Child pension | You can provide your children under age 18 with a tax-effective income stream if you die. |
Fees
| Contribution fee | Entry fee Up to 4% of each contribution or transfer. Deferred entry fee
|
| Admin fee | Up to 1.31% pa of your account balance. |
| Admin fee discount | 0.10% pa for amounts between $100,000 and $250,000.
0.50% pa for amounts in excess of $250,000.
|
| Account linking | Receive admin fee discount by linking multiple Suncorp WealthSmart™ accounts, including those of your family members. |
| Investment fee | Depends on the investment option(s) you select.
Ranges from 0.10% to 1.87% pa.
|
Product Update
As of 7 January 2011 the Suncorp Group of companies moved to a new non operating holding company structure (NOHC). The new NOHC is Suncorp Group Limited. The issuer of this Product Disclosure Statement (PDS) remains a member of the Suncorp Group of companies. There are no changes to the terms and conditions of the PDS.
Things you should know:
1 Other fees and costs may apply. Please see the Product Disclosure Statement.
For more information on Suncorp WealthSmart or before making any decision about it, you should read the Product Disclosure Statement and Member Booklet.
Suncorp Portfolio Services Limited (Trustee) (ABN 61 063 427 958, AFSL 237905, RSE Licence No L0002059) is the issuer of Suncorp WealthSmart Personal Super (SPIN RSA0004AU), Suncorp WealthSmart Pension (SPIN RSA0002AU) and Suncorp WealthSmart Business Super (SPIN RSA0003AU). These products are part of the Suncorp Master Trust (Fund) (ABN 98 350 952 022, RSE Fund Registration No. R1056655). Please read the relevant Product Disclosure Statement (PDS) before deciding to open an account or continuing to hold an interest. The information in the PDS is of a general nature only and does not constitute financial advice. This product is not a bank deposit or other liability of Suncorp Bank (Suncorp-Metway ABN 66 010 831 722).
The Trustee and any other company within the Suncorp Group do not guarantee the repayment of capital or the performance of these products.
Applications can only be accepted from persons receiving the PDS (including electronically) within Australia. If you print an electronic copy, please ensure you print all pages of the PDS.
