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
us for details.
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.
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.
There are times in life when we all need some help to get by. Our WeCare service can help you get through your difficult times.
Through WeCare*, your membership of the Aon Master Trust offers you and your family:
- counselling, guidance and support with personal or work-related issues
- home and care services to help around the house when circumstances change
- assistance if you need to organise a funeral
- advice to help you make the right legal and tax decisions.
1800 828 736
* The WeCare service is offered by AIA Australia Ltd (ABN 79 004 837 861, AFSL 230043) to its insured members and provided by NHS Australia Pty Ltd (ABN 38 080 244 195). It is a service provided to members of the Aon Master Trust and their families.
Your TFN could save you tax and find your lost super
If you choose not to provide your tax file number (TFN) to us, you could lose out.
- No personal after-tax contributions
You won't be allowed to make any personal after-tax contributions to your super.
- More tax on your contributions
Accounts opened before 1 July 2007: If the money your employer puts into super for you and any before-tax or salary sacrifice contributions you make yourself total more than $1,000 in a year, the part above $1,000 will be taxed at the top marginal rate instead of 15%.
Accounts opened on or after 1 July 2007: There is no $1,000 threshold - the top marginal rate applies to the whole contribution amount.
- More tax on your benefit
You may pay more tax on your super benefit when it is paid than you need to. You may, however, be able to claim the extra tax back when you lodge your tax return.
- Co-contribution problems
The Australian Taxation Office might find it harder to match you for any co-contribution if you have made personal after-tax contributions.
- Consolidation problems
You may find it more difficult to find or consolidate your super benefits.
Finding your lost super
Providing your TFN on this form
will allow the trustee to search on your behalf for any lost super you may have. We'll let you know if we find some and you can then use our consolidation service to bring it into your Aon Master Trust account. We'll do the hard work for you and there's no charge to you.
Make sure you don't lose out
Just read and complete this form and mail it (no stamp required) to:
Aon Master Trust
Reply Paid 1949
Wollongong NSW 2500
If you earn more than $450 per month, your employer
has to pay superannuation guarantee (SG) contributions for you equal
to 9.5% of your salary.
You can top up your employer's payments to super by making contributions of your own -from your after-tax salary (non-concessional contributions) or by salary sacrifice from your before-tax salary (concessional contributions). If you wish to make regular contributions from your pay, your employer may be able to set up a regular payroll deduction.
The Aon Master Trust offers a number of convenient ways for you to make after-tax contributions to your account. These include BPAY®, EFT, cheque, and (if you are a Personal member) direct debit from a bank account. See the Contributions factsheet for more information.
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).
® Registered to BPAY Pty Ltd ABN 69 079 137 518
To open a spouse account, your spouse must complete
an application form to join Aon Master Trust Personal Super - Essentials. 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 (or roll it over) into the Aon Master Trust at any time.
Having all your super in one place can help you save on fees (as you'll only have one set of fees to pay). You'll also find it easier to keep track of your super and you'll have less paperwork to deal with. Find out more here.
To consolidate your super, please read and complete the Request to transfer whole balance of super benefits form:
and send it to the Aon Master
Trust, PO Box 1949, Wollongong NSW 2500.
The easiest way
Use our consolidation service. There's no charge to you and we'll do the hard work for you.
When it comes to protecting your most valuable assets - you and your income - we start with flexible cover and competitive premium rates.
The following information assumes you are insured under the Aon Master Trust's standard AIA Australia policy.
Death and total and permanent disability (TPD)
Minimum levels of cover
To ensure you have a reasonable level of insurance cover, you are automatically provided with minimum cover for death and TPD. You can stay with the minimum level of cover, opt out of death or TPD cover or both, or apply for additional death and/or TPD cover to suit your needs.
Life stages cover
When certain life events occur you can increase your existing death and TPD cover up to certain limits without having to provide health evidence. See the Insurance reference guide for a full list of life events, eligibility conditions and how to apply.
When you reach five years of insured membership in the Aon Master Trust and at every fifth anniversary thereafter, you will be invited to increase your level of death and TPD cover and you will not need to provide evidence of health with your application.
TPD cover - no death cover required
You can apply for TPD cover without the requirement to have death cover as well. If you want both types of cover, with TPD cover higher than death cover, you can apply for that too. In either case, you can apply for up to $3 million of TPD cover. Premium rates for TPD cover in excess of death cover will be 20% higher than standard rates.
The Aon Master Trust's income protection benefit provides an income benefit in the event of temporary disablement. Following a waiting period of 30, 60 or 90 days, a benefit of 75% of pre-disability income is payable (the maximum monthly benefit is $30,000) for up to two years, five years or age 65.
Automatic cover in Corporate Super
From 1 July 2014, eligible members of Corporate Super are automatically provided with income protection cover, with the benefit payable for up to two years following a 90-day waiting period. Members can apply for a different waiting and/or benefit payment period - health evidence may be required.
If an injury or illness means you have to stop work for a while, income protection cover will help you cope financially, but returning to work will be the best outcome for your wellbeing. Through its range of readiness and wellness programs, the rehabilitation service can support you in achieving a successful, suitable and safe return to work.
See the relevant Product Disclosure Statement and Insurance reference guide for more information, including eligibility conditions, the minimum levels of death and TPD cover, definitions, new events cover, premium rates and (for Personal Super) minimum account balance requirements
Withdrawing your money
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
For most people, the majority of their superannuation
is preserved. You can take your preserved super
in cash when you:
- reach age 65
- reach age 60 and leave your employer
- reach your preservation age and retire permanently from the
- reach your preservation age and keep working, but choose to
access some super under the rules which govern transition to retirement
- are a temporary resident leaving Australia permanently for overseas
- obtain release on severe financial hardship or compassionate
- become terminally ill
- become totally incapacitated or die.
Your preservation age depends on when you were
| If you were born
|Before 1 July 1960
|1/7/60 - 30/6/61
|1/7/61 - 30/6/62
|1/7/62 - 30/6/63
|1/7/63 - 30/6/64
|After 30 June 1964
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 applying for your super
Your super if you leave the Aon Master Trust
If you choose to leave the Aon Master Trust you need to decide what to do with your super and make sure it's the right decision for you.
Withdrawing your super from the Aon Master Trust, either as cash or to roll it over to another super fund, could have insurance, tax, fee and investment implications for you. For example, any insurance cover you currently have would cease. Before applying for a withdrawal, consider the advantages of Aon Master Trust membership and the possible implications of leaving.
means good news for UK pension transfers
Do you have a UK pension? Are you thinking
of transferring it to Australia?
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 £1.25 million (effective 6 April 2014). Aon Master Trust Personal Super - Essentials 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:
- taxation on transfer and ongoing tax obligations
- issues to consider
- steps to follow
- Aon Master Trust and Australian Tax Office forms.
See also the Aon Master Trust Personal
Super - Essentials Product Disclosure Statement.
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 call us on 1300 880 588 or email us for more information on financial planning services..
Lost track of your UK pension?
You might be able to find it through
* Note that contribution caps in Australia
may limit the amount you can transfer to an Australian superannuation
fund in any given year.
Communication and education
Keeping members informed is one of the trustee’s
most important responsibilities. The main items that make up our
communication and education program are:
New members receive a member kit that includes
a Product Disclosure Statement, Your Corporate plan outline,
forms, latest newsletter and, if transferring from another fund,
details about the 'before and after' features and benefits.
Once your forms have been processed, we will
send a Welcome letter that confirms membership, insurance and investment
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
to your benefit statement.
Directions - quarterly newsletter
Quarterly newsletters provide
updates on the Trust’s investment earnings, developments in
superannuation, and improvements to Aon Master Trust products and services.
Annual report on website
Provides information on the Aon Master Trust's
investment performance, financial statements, administration and
Aon Master Trust website
Provides latest industry and fund news, educational
material, fact sheets, forms and other publications.
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
Our standard education program includes:
Transition seminars - face-to-face
presentations to members of super funds transferring to the Aon
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,
risk profiler and fact