Learn more about the Flight Centre Travel Group Superannuation Plan including current fees and insurance cover.
Joining the Flight Centre Travel Group Superannuation Plan by IOOF is a breeze for new employees. We’ll provide you with true lifetime support - not just from setting up until you retire but beyond that, when you want to draw an income from your super savings.
Complete the IOOF Superannuation Standard Choice form and provide to your employer to join.
Choosing a super fund is an important decision and it’s yours to make, so consider your personal circumstances and whether you want to seek financial advice.
Unless you choose a super fund, your employer will pay your super contributions into your stapled account. A stapled account is an existing super account with a super fund which is linked, or stapled, to you when you commence new employment.
If you don't have a stapled account and don’t choose another super fund, your employer will pay your future super contributions into their default employer super fund, IOOF Employer Super.
To nominate another super fund to pay your super into, you’ll need to provide the details of that fund to your employer.
The Protecting Your Super (PYS) and Putting Members Interest First (PMIF) legislation, aims to protect members’ super from being unduly eroded due to the deduction of insurance premiums.
We will offer you default insurance cover once your account balance reaches $6,000 and you are age 25 or over. We’ll confirm your level of cover and premium 30 days prior to adding this to your account.
Or; you can elect to add default insurance to your account before this time by completing the Default insurance opt-in form.
Super funds are legally required to cancel members’ insurances if contributions haven’t been received for over 16 months, regardless of account balance or other activity, unless the member has opted in to continuing their cover.
You can opt in to continuing your cover, regardless of activity. To do so, log into your online profile, go to the insurance page and click on the opt-in button.
Remember, when deciding what cover is right for you, we recommend you speak with a financial adviser and consider your personal circumstances, both now and in the future.
IOOF offers great family benefits and this extends to IOOF Employer Super, where your spouse and immediate family members can enjoy the same benefits as you, including applying for insurance through their own IOOF Employer Super account.
This form is to be completed by you, an existing member of IOOF Employer Super, and the family member who wishes to become a member of IOOF Personal Super.
Before completing this form, the Trustee or your licensed financial adviser is obliged to give you the IOOF Personal Super Product Disclosure Statement (PDS) which is a summary of important information. The PDS will help you to understand the product and decide if it is appropriate to your needs. Family Members are eligible to receive the same fees and features that you already enjoy through your IOOF Employer Super account (please note: discounted fees don’t apply for MySuper members).
Eligibility: An immediate family member includes a spouse (whether of the same sex or a different sex), child, sibling or parent of an employer sponsored member.
Super is one of your biggest investments and it’s important to remember that it could have a major effect on your family’s future in the event of your death. That's why it’s so important to ensure that you have nominated your desired beneficiaries.
When was the last time you reviewed your nominated beneficiaries? Make sure your nominations are up-to-date.
IOOF Employer Super offers a default MySuper Investment option, IOOF Balanced Growth. The lower cost Core Menu includes a range of diversified and multi-manager investment options and the Full Menu encompasses more than 400 managed investments.
In addition, there are listed investments on the S&P/ASX300 Index, other listed investments approved by the Trustee and a selection of maturing investments.
Why is super so important? It could be the biggest savings balance you’ll ever have. And that makes it something to get excited about and get organised.
Tackle these six key admin tasks and you can sit back feeling satisfied that your super balance is heading in the right direction. Plus, you’ll have everything in order in case life takes an unexpected turn.
Money talk can be hard to get your head around. And it's harder still to turn new ideas about money into better habits and choices.
We know you work hard for your super, so we have created a plan that ensures your super works hard for you. After all - It's one of the largest investments you'll ever make and we want your retirement dreams to become a reality.
talkingsuper is a newsletter designed to provide you with a quarterly summary of general superannuation issues, investment markets and the performance of IOOF Employer Super.
