IOOF Portfolio Service Employer Superannuation
- Minimum initial contribution $1,200 p.a. per member
- Retain control over contribution levels, benefit design, insurance cover and eligibility conditions
- Competitively priced insurance options
- A comprehensive range of investment options including term deposits and over 180 managed funds from over 25 leading fund managers.
- Access to IOOF multi - manager Trusts for employees wanting a simple and easy investment choice
- Employees can track their superannuation online via IOOF's portfolio management tool, Portfolio Online
Managing your employees' superannuation fund can be complex and challenging and requires expertise in investments, taxation, superannuation legislation and insurance. The investment in time and resources required to manage your employees' fund can be a costly burden that impacts on your ability to effectively run your business.
If you don't have the expertise, or you have a desire to outsource the management of your superannuation fund, IOOF Portfolio Service Employer Superannuation can help.
After you establish your employer fund, your employees will have the benefit of a well-managed and competitively priced superannuation plan, with access to the IOOF multi - manager Trusts and the opportunity to invest in other investment choices.
Your employer fund will give you full administration and trustee services in a package that can be tailored to the specific requirements of your business. You and your employees can track, manage and monitor your accounts on the internet via Portfolio Online, IOOF's online portfolio management tool.
Investment categories
The investment options can be categorised as follows:
- Easy Choice - offers a range of IOOF multi-manager diversified and sectoral Trusts.
- Investor Choice - offers over 180 managed funds and term deposits for you to build your own tailored investment strategy. The investment objective of each managed fund is to focus predominantly on a specific asset class or sector.
- Direct Share Choice - offers a range of shares listed on the Australian Stock Exchange.
More information about the investment categories is available in the Investment Strategies Booklet, which is Part 2 of the IOOF Portfolio Service Employer Superannuation Product Disclosure Statement.
Insurance options
IOOF Portfolio Service Employer Superannuation offers access to competitively priced insurance cover. Insurance that is acquired through a superannuation fund can be tax effective - a financial adviser can provide more information about this if required.
Options include:
- Death Only; or
- Death & Total and Permanent Disablement; and/or
- Salary Continuance.
Each employee's insurance needs may be different. The optimum level of insurance required will usually differ depending on age, financial circumstances and family situation. IOOF recommends that individuals consult a financial adviser to discuss the most appropriate level of insurance cover.
The Insurance Booklet, which is Part 3 of this product's Product Disclosure Statement, includes comprehensive information about the insurance options offered through IOOF Portfolio Service Employer Superannuation.
How to invest
Before making a decision to proceed with IOOF Portfolio Service Employer Superannuation you should:
- understand this plan and how it may benefit you, and
- understand how this plan operates.
Then you can: - make your investment choices, and
- complete the application process.
This investment process and all related information is clearly explained in the IOOF Portfolio Service Employer Superannuation Product Disclosure Statement, Parts 1, 2 and 3.
IOOF - Your Investment Guardians