Suncorp Easy Super Pension allows 2 types of investments:
- Superannuation monies which are classified as Unrestricted Non-Preserved benefits; or
- Superannuation monies classed as Unrestricted Non-Preserved benefits, Restricted Non-Preserved benefits and Preserved benefits if you have reached your preservation age and are establishing a non-commutable income stream.
Suncorp Easy Super Pension offers more than 40 investment options and a choice of Contribution Fee options.
Other benefits include:
- access to financial advice services through our national network of Suncorp Financial Services Financial Advisers;
- fee free unlimited switching between all investment options;
- a consolidation facility that gathers together your superannuation and money from external sources to be placed into a holding facility awaiting other superannuation funds before being applied into Suncorp Easy Super Pension. The consolidation facility is free of Contribution and Withdrawal fees but once the money is transferred to Suncorp Easy Super Pension normal fees will apply; and
- Issuer Fee Discount is available across Suncorp Easy Super Personal Superannuation and Suncorp Easy Super Pension products for you and your immediate family members who together have a combination of accounts.
You should read the Product Disclosure Statement ("PDS") before making a decision about this product.
| Feature |
Description |
| Investment Options |
You can choose from 9 Suncorp options, 6 Suncorp-Intech Multi-Manager options and 34 external options. |
| Minimum Investment |
$25,000 |
| Contribution Fee options |
You have the choice of two contribution fee options:
- Contribution Fee Upfront Option; and
- Contribution Fee Instalment Option.
|
| Dollar Cost Averaging Service |
You can choose to invest a set amount on a regular basis, no matter whether the market rises or falls. |
| Issuer Fee Discount |
Issuer Fee discount is available for members and their immediate family members who have two or more accounts in total. This is done by combining account balances across Suncorp Easy Super Personal and the Suncorp Easy Super pension products for the purpose of calculating the Issuer Fee payable. |
| Non-Commutable Pension |
If you have reached your preservation age and are still in the workforce, Suncorp Easy Super allows you to establish a non-commutable pension.
The non-commutable pension product feature is identical to the Suncorp Easy Super Pension and requires the account to be drawn down in a regular and orderly way over the course of your transition to retirement. |
Fees
| Item |
Description |
| Contribution Fee |
Contribution Fee Upfront Option: Up to 4% of the amount contributed or transferred from another superannuation fund .
Contribution Fee Instalment Option: Up to 4.8% of the amount contributed or transferred from another superannuation fund, payable in quarterly instalments over a period of 4 years . |
| Issuer Fee |
The first $100,000 attracts a fee of 1.26 % p.a.
The next $150,000 attracts a fee of 1.16 % p.a.
The balance thereafter attracts a fee of 0.76 % p.a. |
| Investment Fee |
Depends on investment option/s chosen. The applicable fees are detailed in the PDS. |
| Withdrawal Fee |
Nil |
| Switching Fee |
No limit or fee for switching between investment options. Switching between a Contribution Fee and a Nil Contribution Fee option is not permitted. |
| Dollar Cost Averaging Service Fee |
Currently, a $50 service fee is payable per request. |
Commission Payable
| Description |
Amount |
| Standard Adviser Commission |
Initial Commission - up to 4.40%* of the investment received.
Ongoing Commission - up to 0.55%* p.a. of the total account balance. |
| Optional Adviser Service Fee |
An additional fee of up to 1.10%* p.a. can apply if negotiated between you and your adviser if you agree to a level of service different to that covered by the standard adviser commission. |
Important Information
*Inclusive of GST (net of RITC), if applicable.
Before you make a decision:
see your financial adviser;
email us, or
Call 13 11 55 - ask for "Life and Super".
Product Disclosure Statement
Interests in Suncorp Easy Super ("the Fund") are issued by Suncorp Portfolio Services Limited (ABN 61 063 427 958, AFSL 237905), the Trustee of the Fund. Suncorp Easy Super Personal Superannuation, Suncorp Easy Super Allocated Pension, Suncorp Easy Super Term Allocated Pension and Suncorp Employer Sponsored Superannuation are divisions of the Fund. Financial product advice is provided by representatives of Suncorp Financial Services Pty Ltd ABN 50 010 844 621 AFSL 229885. Please read the relevant Product Disclosure Statement before you make any decisions regarding any of these products. You can download a copy via this website or contact us on 13 11 55 (asking for ‘life and super’ at the voice prompt).
