ioof employer super default fund

Posted on August 13, 2020 at 1:06 pm by / tornado sounds 1 hour / Cover story band net

IOOF Employer 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.Choice members have access to a range of ready-made portfolios, managed … Use the retirement planner calculator to find out if you'll have enough super savings to live the retirement lifestyle you want. Resources and information for existing members of IOOF's super products.A versatile range of options to suit your super needsA flexible super solution offering you versatility and choice.A lifetime solution that stays with you through your working lifeA good option if you want maximum control and flexibility over your super

Existing employees can join IOOF Employer Super at any time by completing an IOOF Choice of Fund form. The choice is yours.We’ve put a lot of time and effort into fine-tuning our operations to deliver fair and competitive fees. This is clearly marked. Determine your employer-nominated fund (default fund) Before you offer your employee the option to choose a super fund, you must nominate a fund that you will pay their super into if they can't or don't choose their own fund. Default cover Members may receive death and TPD default level of cover based on their age, gender and occupation once their account balance reaches $6,000 and are age 25 or over.

The fund address for IOOF Super is: Level 6, 161 Collins Street, Melbourne, VIC 3000. The ABN for the IOOF Employer Super product is 70815369818. the establishment of MySuper – the new default fund for employer-sponsored super ... because 100 per cent of her account balance is invested in the IOOF Multi Series Balanced fund, which is the latest trustee default option, her account becomes an accumulated default amount. High call volumes may result in long wait times.

the postage address for superfund is most often a PO or Locked Bag address, and differs from the street address of the superfund.

You can choose:Our default cover provides quality, tax-effective, flexible cover at competitive rates – ensuring peace of mind for you and your family.
To have your employer pay contributions into your current account with us, please send an email, with your name and ADM, stating that you would like them to continue to pay super contributions to your current account with IOOF. We will offer default insurance cover once their account balance reaches $6,000 and they are age 25 or over. Make sure you have the information for the right year before making decisions based on that information.If you feel that our information does not fully cover your circumstances, or you are unsure how it applies to you, contact us or seek professional advice.© Australian Taxation Office for the Commonwealth of AustraliaYou are free to copy, adapt, modify, transmit and distribute this material as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products). This enables comparison of funds based on a few key differences.Contact your fund to make sure that your default fund is a MySuper product.Some super funds may ask that you become a 'participating employer' before you can pay contributions to them. If the default cover doesn’t suit, you can tailor your insurance to suit your needs. The USI for IOOF Employer Super is SMF0126AU. I was forced into this fund by an employer and then moved (without permission) into a different super product when I left that employer. Moving employer?

The form asks for the postal address, not the office address of the fund. Ensure you have provided the correct address. This address is primarily used for correspondance between your employer and your superfund.

The terms ‘our’, ‘we’, Features and benefits: Simple and transparent fees; So you don’t need to do a thing.After you join we'll send you a welcome pack with all your account details as well as a booklet on how to get the most out of your super.If you need help at any stage, contact your financial adviser or speak to us. IOOF Employer Super is a true lifetime solution that offers a number of impressive features: Benefits for employers. You are required to provide the address of your superfund when you fill out your Super Choice Form. Our fee structure is completely transparent – all clearly visible and there are no hidden fees. IOOF Employer Super is a true lifetime super solution that you can take from job to job and through to retirement without incurring capital gains tax, other transfer costs or inconveniences The Employer Division (MySuper) fund from IOOF caters to employees of businesses who use IOOF as their default super fund.

Ongoing support and member education services. IIML is the Trustee of the IOOF Portfolio Service Superannuation Fund (Fund), ABN 70 815 369 818. The Full Menu offers members access to ready-made portfolios, managed funds, direct shares and term deposits.
Without a phone number, your employer would be unable to contact your chosen superfund.The phone number for IOOF Super for the IOOF Employer Super product is 1800 333 500.Ensure you include this phone number on your Super Choice Form

IOOF Holdings Ltd. ABN 49 100 103 722 Level 6, 161, Collins Street Melbourne VIC 3000. Members can elect to add default insurance prior … If you agree, you may have to make super payments more regularly – such as monthly, instead of quarterly.If you don't want to become a participating employer, talk with your nominated fund (or with the fund your employee chooses instead) to find out how best to make super contributions for your employee.It is illegal for a super fund to give you benefits as an incentive to use their fund as your nominated fund. If your employee does not or cannot choose a super fund, you must pay their super into a super fund that you have nominated. Make better financial decisions and achieve your goalsReach your financial goals with the right investment solutionsLive the life you want in retirement by getting your super savings on trackEnjoy the retirement you deserve by being financially preparedProtect the future of your family and those you care aboutYou work hard to earn the money that ends up in your super account.