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Home / Superannuation Products / Pursuit Select Personal Superannuation

• $10,000 minimum entry or $2,500 (with regular contribution plan)
• Offers enhanced features and functionality to provide a greater level of investment control and flexibility
• Simple regular contribution and income reinvestment options
• Access to term deposits and a comprehensive range of around 180 managed funds across all asset classes and styles including managed funds from over 25 leading fund managers, generally at wholesale prices
• Flexible insurance options available including Death Only cover, Death and Total & Permanent Disablement cover and Salary Continuance cover
• Switchability - Move between similar products in the Core and Select models as your circumstances change (conditions apply)
• Transparent fees - One Administration Fee regardless of how many times you transact on your superannuation account. Administration Fees are capped at $3,150 p.a. for account balances of $500,000 and above
• Track your investment online via IOOF's portfolio management tool, Portfolio Online

Pursuit Select Personal Superannuation offers you a comprehensive investment to help you achieve your retirement savings goals. When you invest in Pursuit Select Personal Superannuation you gain access to around 180 managed funds. You choose the managed funds that suit your investment objectives.

Saving for your retirement is one of the most important investments that you will ever make, therefore it's important that you have a superannuation solution that can be tailored to suit your needs. Let us take the hassle out of investing while you retain control and begin working towards achieving your retirement goals today.

Why superannuation?

Superannuation is a savings arrangement where you put money aside to help meet your living costs in retirement. It's generally one of the most tax-effective ways of saving for your retirement as a result of Commonwealth Government tax concessions and incentives.

Superannuation is a long-term investment with restrictions on when you can access your money, that's why you need Pursuit Select Personal Superannuation - a superannuation solution that can be tailored to grow and adapt to your changing financial needs.

How does Pursuit Select Personal Superannuation work?

Pursuit Select Personal Superannuation allows you to efficiently manage and track your retirement savings. There are also a variety of insurance options available to purchase through your superannuation to help you to protect your income and provide a lump sum payment in the event of your death. Using Pursuit Select Personal Superannuation, you and your financial adviser set your investment strategy and we do the rest.

Besides providing an accumulation vehicle for your superannuation savings in Pursuit Select Personal Superannuation, Pursuit Select pension products can also support you through your transition to retirement and beyond. You may invest in a Pursuit Select pension product without having to change your managed funds so no capital gains tax is incurred. Also pension products are in a tax exempt environment, so no capital gains tax is incurred if you switch to new managed funds or decide to make a lump sum withdrawal, if permitted under the terms of the particular pension. Your benefits will be tax free if you take them after turning age 60. This means that the tax treatment of providing for your retirement through Pursuit Select Personal Superannuation can be very attractive.

Is Pursuit Select the right personal superannuation product for me?

Pursuit Select Personal Superannuation offers members enhanced features and functionality to provide a greater level of investment control and flexibility. This product is suited to a variety of individuals (employed, self-employed or not working) eligible to save for retirement through superannuation.

With transparent fees, access to term deposits and a wide range of managed funds across all asset classes and flexible investment instructions and income reinvestment options, Pursuit Select Personal Superannuation caters for the retirement savings needs of the sophisticated and experienced investor.

If you have clear retirement goals and appreciate greater investment choice, but want the simplicity of consolidated reporting and a low cost transparent fee structure, Pursuit Select Personal Superannuation may suit your individual financial objectives.

Key features and benefits

Features		Benefits
Managed funds that make sense	A comprehensive range of managed funds across all asset classes and styles including term deposits and around 180 managed funds from over 25 leading investment managers, generally at wholesale prices. Includes access to IOOF multi - manager Trusts for a simple and easy investment choice.	Investment variety - all managed funds are well researched and monitored by us.
Switchability (within models)	Easy and flexible investment instruction methods allowing you to seamlessly transfer between managed funds in the same model.	Control - you and your financial adviser remain in control of your superannuation account at all times.
Switchability (between models)	Move between similar products in the Core and Select models and between superannuation and pension products in both models (conditions apply).	Make changes easily if your circumstances alter without having to change your superannuation provider.
Easy investment maintenance	Simple regular contribution and income reinvestment options.	Simplicity - it's easy to grow your superannuation.
Saving for your retirement made easy	Hassle-free investing through a product that meets all relevant superannuation and taxation requirements.	A simple transfer process from the Pursuit Select Personal Superannuation to one or more Pursuit Select pension products.
Transparent fees	One Administration Fee regardless of how many times you transact on your superannuation account.	Clear cut and competitive pricing - a straightforward cost structure that is completely transparent.
Fee aggregation	Gives you and your family the ability to link up to four Pursuit Select accounts (conditions apply) to gain a reduction in the Administration Fee that applies to each account.	Reduce the Administration Fee paid on “linked” accounts by you and your family through Fee Aggregation.
Flexible insurance options	Protect you and your family from the risk of loss of income as a result of sickness, injury or death. Insurance options available include: Death Only cover; or Death and Total & Permanent Disablement cover; and/or Salary Continuance cover.	Insurance alternatives - protect you and your family against unexpected occurrences through our variety of insurance options.
Service and support	Comprehensive and consolidated investment reporting on all your investments in your superannuation account via a secure website - Portfolio Online .	Access to the right information - Regular communications providing access to information about your superannuation account when you need it.
More investment solutions	Access to a range of other Pursuit products and services to cater for all of your life stages including Allocated Pension and Investments.	Use the specialist funds manager and administration platform provider that you know, to access superannuation and pension products that take you from 'starting out' to life as a retiree.
Expertise	The knowledge and expertise of a Trustee with the experience of servicing the needs of members and investors with over $23.6 billion* in funds under management and administration. * As at 31 December 2008	Financial peace of mind.

How much does it cost?

All fees charged are shown separately and are completely transparent. This product is highly competitive and easy to understand. We only charge you one Administration Fee regardless of how many times you transact on your account.

The fees and costs for managing your investment in Pursuit Select Personal Superannuation include:

• Administration Fee

  	Part of your account balance	Administration Fee
  	$0 - $100,000	0.95% p.a.
  	Next $400,000	0.55% p.a.
  	Above $500,000	NIL

There is a minimum Administration Fee of $30 per month ($360 p.a.) and a maximum Administration Fee of $3,150 p.a. - no matter how large your superannuation account. The minimum Administration Fee generally applies to account balances below $37,895 and the maximum applies to account balances above $500,000.

• Management Costs applied by each investment manager - these fees are charged separately by the investment manager for each managed fund. The fees for the managed funds you choose are set out in fact sheet 2: Pursuit Select investment options menu and in the relevant product disclosure statement for each underlying managed fund.
• Adviser Service Fee(s) - this fee is where you choose for financial advice to be provided in relation to your investment in Pursuit Select Personal Superannuation. You and a financial adviser selected by you have the flexibility to nominate an amount (if any), within limits that are set by us, for each of the three Adviser Service Fee options available namely
• Adviser Service Fee - Upfront payable on each deposit;
• Adviser Service Fee - Ongoing payable as a percentage of your account balance or a fixed monthly amount; and/or
• Adviser Service Fee - Once Off a single fee as agreed with the financial adviser.

These fees are charged by us and we deduct the cost from your superannuation account. We then pay the full amount of our fees to the financial adviser for the financial advice and services provided in relation to your account. Unless you agree to these fees and specify otherwise, the Adviser Service Fee(s) are automatically set at zero.

Note: Fees are inclusive of GST and net of any reduced input tax credits.

How do I start maximising my retirement savings?

Before you begin investing in Pursuit Select Personal Superannuation you need to obtain a copy of the Pursuit Select Personal Superannuation Product Disclosure Statement (PDS). Your financial adviser can provide this or you can call an IOOF Client Services Officer on 1800 062 963.

Once you have read and understood the PDS your financial adviser can help you work out your investment strategy, select managed funds intended to achieve that strategy and assist you to complete your Application Form.

We look forward to working with you to achieve your financial goals.