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MEMBER INFORMATION & TOOLS |
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The Aon Master Trust is the ideal way to save for your retirement. With a wide range of investment options to choose from, it's easy to invest your super to match your preferences, investor profile and changing lifestyle needs. You can also choose the insurance cover you need to support you and your dependants in the event of illness or injury, or if you die. You can stop, restart, increase or decrease your voluntary contributions to the Aon Master Trust at any time. The Trust also accepts spouse contributions and rollovers from other complying funds. Topping up your super is easy. You determine how much and when you want to pay. And if your spouse is on a low income or no income at all, you can make spouse contributions on their behalf. Find out more about:
Aon’s extra benefits program (my ebenefits) offers a range of lifestyle services to members of the Aon Master Trust. Available online, by phone and email,can help you finance a home purchase, buy that big-screen plasma at a fantastic price, send a small thank you gift or arrange the perfect holiday without the travel agent blues. And what if you need legal advice? Or maybe your tax return has you stumped. my ebenefits is on hand for free advice over the phone or by email. Your tax file number could save you tax If you haven’t provided your TFN to us and choose not to, you could lose out.
Make sure you don’t lose out. Just read and complete this form and mail it (no stamp required) to: Aon Master Trust
Employer contributions If you earn more than $450 per month, your employer has to pay superannuation guarantee (SG) contributions for you equal to 9% of your salary. Your contributions You can top up your employer's payments to super by making contributions of your own. Personal contributions can be made by salary sacrifice from your before-tax salary (concessional contributions) or after-tax salary (non-concessional contributions). If you wish to make regular contributions from your pay, your employer may be able to set up a regular payroll deduction. If you are a Personal Super member you can arrange for regular contributions to be made directly from a bank account by completing a Direct debit request and agreement form and sending it to us to the address given below. You may also make one-off lump sum contributions. If you want to make a one-off payment, you should complete a Corporate Super: Lump sum contribution form or a Personal Super: Super contributions form and send it together with a cheque payable to ‘Aon Master Trust’ to Aon Master Trust, PO Box 1949, Wollongong NSW 2500. Contribution caps limit the amount that you may contribute each year – see the factsheet Contributions. However, there are restrictions on who can make superannuation contributions and how much can be claimed as a tax deduction by either the employer or the member. Tax concessions apply to the earnings and your contribution is placed in professionally managed investments that are diversified across major local and overseas markets. Generally speaking, you can contribute to the Aon Master Trust until you reach age 75 (you must satisfy a work test if you are aged 65 or over). Spouse contributions To open a spouse account, your spouse must complete an application form to join Aon Master Trust Personal Super. If you have an eligible spouse, you may receive a tax rebate of 18% on eligible spouse contributions, up to a maximum of $3,000 pa. The maximum rebate is $540 (ie 18% of $3,000). The rebate is available if your eligible spouse's assessable income is less than $13,800 pa. You can claim your rebate when you complete your next tax return. If you have super in another fund, approved deposit fund or deferred annuity, you can transfer it (or roll it over) into the Aon Master Trust at any time. Rolling over your benefits into one fund makes it easier to keep track of your super and may also reduce the costs of looking after your super. Simply complete the relevant form:
Then send the completed form to the Aon Master Trust, PO Box 1949, Wollongong NSW 2500. If you transfer your benefit into the Aon Master Trust, you can withdraw any unrestricted non-preserved amount of your rollover at any time. The other part of your rollover cannot be paid until you have met legal preservation requirements. There's more information on consolidating super in Warm up with a rollover. The Aon Master Trust has a number of insurance options to provide you and your family with financial protection should you become disabled or die. Conditions apply to the insurance options so you should contact us for details. Death and total and permanent disability Corporate Super: If you are insured under the standard AIA Australia policy, you have a minimum level of default cover for death and total and permanent disablement. This minimum is age-based and is $231,525 up to age 42 (inclusive), reducing to nil at age 65. Eligibility conditions apply - see the Product Disclosure Statement. You can stay with the default cover, opt out of cover, or select the type and amount of insurance cover you need to support your dependants should you become disabled or die. You can select unlimited cover for death and up to $3 million for total and permanent disablement. Your insurance amount, once a claim is assessed and accepted by the trustee, together with the sum of your account balance, will be paid to you or your beneficiaries as a lump sum.
Personal Super: You are required to have a minimum of $5,000 in your account to maintain your insurance cover. If your account balance falls below this amount, we will notify you in writing and you will have 60 days to update your account. You can select unlimited cover for death and up to $3 million for total and permanent disablement. Your insurance amount, once a claim is assessed and accepted by the trustee, together with the sum of your account balance, will be paid to you or your beneficiaries as a lump sum. Note: Members who join Personal Super on or after 1 July 2010 have a minimum level of default cover for death and total and permanent disablement. This minimum is age-based and is $231,525 up to age 42 (inclusive), reducing to nil at age 65. Eligibility conditions apply - see the Product Disclosure Statement. Income protection The Aon Master Trust's income protection benefit covers you in the event of temporary disablement. Following a waiting period of 30, 60 or 90 days, 75% of taxable salary is payable for a maximum benefit period of up to two years, up to five years or to age 65. The longer the waiting period, the lower the insurance premium. Competitive premiums The Aon Master Trust seeks out the most competitive premium rates, terms and conditions. Premiums are based on your occupation, age, amount of cover, and gender (for income protection only) and are deducted from your account monthly.
When you leave The following factsheets explain when insurance cover ceases and the continuation options that may be available.
The goal of superannuation is to provide for your retirement. To make sure your super lasts until you retire, the Government has placed certain restrictions on when you can withdraw your money. Normally, your super benefit won't be paid out in cash until you leave the workforce for good and reach your preservation age. For most people, the majority of their superannuation is preserved. You can take your preserved super in cash when you:
Your preservation age depends on when you were born:
Most non-preserved benefits were built up in the super system before 1 July 1999. If you have a non-preserved benefit it can be paid out to you before you reach your preservation age. If your benefit is restricted and your employer has contributed to it, you will have to leave your current employer before you can cash it out. If it's unrestricted, you can cash it out at any time. Contact us for details about getting your money out. What you get when you leave The Aon Master Trust provides you with a benefit when you:
For more information, including your super on leaving your employer, see this factsheet and the section Accessing your super benefits in your Product Disclosure Statement. When you take your entire super out of the Aon Master Trust, either as cash or to roll it over to another super fund, your membership and insurance cover (if any) will finish. In the event of your death, the trustee decides who will receive your super benefit after considering any nomination of beneficiaries you might have made. QROPS means good news for UK pension transfers Do you have a UK pension? Are you thinking of transferring it to Australia? Read on for some good news. If you transfer your UK pension to a fund that the UK accepts as a QROPS – a qualifying recognised overseas pension scheme – there’s no UK tax payable on amounts up to £1.8 million in the 2010/11 UK financial year. (Please note that this allowance changes each year). Aon Master Trust Personal Super is a QROPS and so can offer you this facility. There could be tax concessions in Australia too. The rules in both countries are complex and there are many factors that will influence your decision to transfer. Depending on your personal circumstances, transferring may (or may not) work in your favour. See the guide Transferring your UK pension benefit to the Aon Master Trust for:
See also the Aon Master Trust Personal Super Product Disclosure Statement. Good advice There are many factors to take into account and we recommend that you talk to a financial adviser before making your decision. Your adviser will take you through the pros and cons of transferring and, if you decide to go ahead, they can help you complete the paperwork. If you don’t have a financial adviser but would like to be put in touch with one**, call us on 1300 880 588, email us or go to my ebenefits, Aon's extra benefits program. Lost track of your UK pension? You might be able to find it through thepensionservice.gov.uk
* Note that contribution caps in Australia may limit the amount you can transfer to an Australian superannuation fund in any given year. ** Financial planning services are not provided by Aon Superannuation Pty Limited. Keeping members informed is one of the trustee’s most important responsibilities. The main items that make up our communication and education program are: Member kit New members receive a member kit that includes a Product Disclosure Statement, Your Plan Outline, forms, latest newsletter and, if transferring from another fund, details about the 'before and after' features and benefits. Welcome letter Once your forms have been processed, we will send a Welcome letter that confirms membership, insurance and investment details. Member benefit statement Members receive an annual benefit statement as at 30 June each year. The statement provides a full list of transactions (contributions, fees, tax, investment earnings, etc) and standard benefit reporting information such as account balance and insurance cover. Guide to your benefit statement. Directions – quarterly newsletter Members receive a quarterly newsletter that provide updates on the Trust’s investment earnings, developments in superannuation, and improvements to Aon's products and services. Annual report on website Provides information on the Aon Master Trust's investment performance, financial statements, administration and operational details. Aon Master Trust website Provides latest industry and fund news, educational material, fact sheets, forms and other publications. Online services Provides up-to-date account balances, transaction history, investment information, other online information to members, employers and advisers. Also allows members to switch investments online, update certain personal details, and access a range of lifestyle services through my ebenefits. User guide – Member online services Education program Our standard education program includes: Transition seminars – face-to-face presentations to members of super funds transferring to the Aon Master Trust. Transition brochure – overview of the transition process and the benefits of transferring to the Aon Master Trust. Annual information/education sessions – annual member information/education sessions for clients with locations in capital cities and major regional centres. Online learning tools including introductions
to super and investments,
calculators, a
risk profiler and fact
sheets.
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