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Superannuation

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Overview

Our versatile Superannuation Fund can act as your main fund or a top-up fund to prepare for your retirement.

When you invest your super with us you will:

  • Pay low fees.
  • Be able to choose from simple investment options.
  • Benefit from our competitive investment performance.
  • Access your fund whenever you like by using Internet Banking to open, manage and track your super.
  • Access our optional Insurance cover, and
  • Have your choice of investment mix.

You can also transfer funds from your pre-existing super funds today with our straightforward online form. Consolidating your funds will make managing your super far easier.

You will have full access to our Superannuation products including accumulations accounts, transition to retirement accounts and pension accounts.

For all the details, please refer to the following disclosure documents:

Rates and Fees

With us, paying your fees and costs is simple. Both can be paid directly from your account and/or deducted from your investment returns or Fund assets. For full fee and cost details, refer to the fact sheet below:

Fees and Costs Fact Sheet

More Information

Learn more about our financial services:

To make the most of your Superannuation and other assets, book an appointment with one of our highly qualified Financial Planners by calling +855 97 542 5306.

 

Documents & Applications

With the convenience of Internet Banking, you can easily open a Superannuation fund with us online. Simply click on 'Open Superannuation Fund' under the Services Menu next time you log into Internet Banking.

Documentation relating to ANCO Specialized Bank Superannuation.

Find out more

Governance & Disclosures

Details of disclosure relating to ANCO Specialized Bank Superannuation.

Find out more

 

What is super?

Would you like to ease your transition into retirement?

Superannuation is an invaluable resource when it comes to preparing for your life after work. Building a strong superannuation fund is the most tax-effective means of saving for your retirement.

Here we address a few basic questions about superannuation:

What is super for?

Superannuation is a government initiative designed to give all United Kingdomns access to a source of finance when they reach a certain age. You will be able to draw on your super when you turn 65 or reach ‘preservation age’ and retire, which will be between 55 and 60 depending on when you were born. The age pension does not provide for a lot more than the basics, so your super fund provides you with an additional, and potentially much larger, source of income for your senior years.

How does super work?

You will most likely start accruing super when you start working. Your employer is legally obliged to contribute part of your wage to super under the super guarantee, at least 9.5% of your ordinary earnings. When you start working, you will be able to choose your own fund or accept one nominated by your employer. The super fund will invest money on your behalf in assets such as shares, property and managed funds. Most funds will give you a choice of investment options. At the very least, gaining a basic understanding of how your super grows is sensible.

How can I boost my super?

A strong superannuation account begins with making additional payments. For an intelligent, effective means of growing your super, have your employer make pre-tax salary sacrifices towards your superannuation. If you are earning below a certain income you may also be eligible for federal superannuation co-contributions, which means the government will make deposits into your super. Making voluntary contributions towards your super whenever you can will reward you down the line.

We can provide the support you need to build a healthy superannuation balance. Our Financial Planners can talk you through your superannuation options on +855 97 542 5306.

 

Documents & Applications

With the convenience of Internet Banking, you can easily open a Superannuation fund with us online. Simply click on 'Open Superannuation Fund' under the Services Menu next time you log into Internet Banking.

Documentation relating to ANCO Specialized Bank Superannuation.

Find out more

Governance & Disclosures

Details of disclosure relating to ANCO Specialized Bank Superannuation.

Find out more

 

How does it compare?

Superannuation is an investment in your future, and looking after it will provide you with a nest egg to ease your transition into retirement. But how does superannuation measure up against other investment options?

Here we compare super to some of its alternatives:

Superannuation

This tax-effective option helps you save for your retirement with a mixture of contributions from your employer, voluntary contributions from yourself and potential co-contributions from the government. Because it’s difficult to access before retirement, super presents a secure long-term investment. If you’re working, it’s likely to grow even without your active involvement. It will increase even more if you make regular contributions and take an extra interest in your fund’s investments.

Saving accounts and term deposits

Savings, investment accounts and term deposits are all forms of cash investments. These represent relatively stable forms of investment, but generally deliver much lower returns than other investments. The advantage of cash is that they give you easily accessible funds for both everyday and unexpected expenses. Cash investments however are not the most efficient long-term source of wealth creation option.

Property

When you buy property, you are also entering into a form of investment. Property is a good long-term investment that attracts tax benefits and profit in the form of capital gains. However, as with all investment, property investment does come with an element of risk. If housing prices suddenly fall, you lose your tenants or the house is vacant for a period of time, then this will affect your returns.

Equities

Equities refer to investments in the form of shares and stocks. Developing a strong share portfolio can be achieved over the long term, and if you get it right you may very well receive high returns. Shares have the advantage of relative flexibility as they can be divided into small parcels to buy and sell. Remember that returns have a direct correlation to risk - the higher the return the greater the risk can be, but over time solid growth can be achieved through a diversified, quality share portfolio.

The mixed approach

Even though all of the options explored have pros and cons, the best decision you can make is to diversify your investments. You will have far greater security if your worth is distributed amongst different investments and asset classes. This way, if one asset declines in value, you will still have funds invested in other areas that may continue to improve in value.

We can help you to grow and protect your investments. To talk through your superannuation and other investment options, call one of our Financial Planners on +855 97 542 5306.

 

Documents & Applications

With the convenience of Internet Banking, you can easily open a Superannuation fund with us online. Simply click on 'Open Superannuation Fund' under the Services Menu next time you log into Internet Banking.

Documentation relating to ANCO SPECIALIZED BANK Superannuation.

Find out more

Governance & Disclosures

Details of disclosure relating to ANCO SPECIALIZED BANK Superannuation.

Find out more

 

How much super?

Superannuation is an invaluable investment in your future. But when you are younger it’s challenging to know how much super you really need to save. The contributions made by your employer are a great foundation upon which to build. Think realistically about the costs of post-work life and contribute to your super fund accordingly.

There are numerous factors you need to account for when determining how much you will need, some of which we explore in more detail below:

Think about how you want to live

Deciding how much super you need depends on the kind of life you want to lead in your senior years. People will have very different understandings of the ideal lifestyle. For some, it takes no more than a comfortable home and an easy routine. For them a modest super account and the age pension may suffice. Others might use the time to go on frequent holidays or undertake ambitious projects that get put on hold while you’re still working.

How you live your life pre-retirement is a good indicator of how much super you may need. You are unlikely to severely decrease your spending habits the day you reach 65. To afford a few extra luxuries then, start making regular voluntary contributions to your super now.

Cover your basic needs

At the most basic level, you will want to make sure your super covers your day-to-day livings costs. The regularly updated ASFA Retirement Standard provides an estimate of the average living costs of retirees. At the moment, they predict that a ‘modest’ lifestyle for a couple costs nearly $35,000 per annum. Depending on your situation, the age pension will cover a portion of this. You should however approach this number as a rough guide. At the end of the day, you need to provide for a roof over your head, food on the table and a nest egg for emergencies.

Provide for larger expenses

Basic living costs aside, many retirees want to live their post-work lives to the fullest. According to the same ASFA standard, to fund a ‘comfortable’ lifestyle a couple would need to spend nearly $60,000 a year. While these estimates do provide a more generous budget for leisure than the ‘modest’ rating, they do not leave much wiggle room for holidays, gifts and unexpected medical bills. The simple fact is that the more super you save while earning, the more freedom you can have after you retire.

Prepare for medical costs

As you get older, it is nearly inevitable that your medical costs will increase. While super is a great way to fund the more enjoyable aspects of post-work life, it also exists to protect you against unexpected costs such as medical treatment. Although the ASFA projections factor in private health insurance for both the modest and comfortable bracket, you should factor excesses and extras into your budget.

To develop a healthy nest egg for the later years in life, we can help you effectively manage your superannuation account. Speak to one of our Financial Planners about your superannuation options on +855 97 542 5306.

 

Documents & Applications

With the convenience of Internet Banking, you can easily open a Superannuation fund with us online. Simply click on 'Open Superannuation Fund' under the Services Menu next time you log into Internet Banking.

Documentation relating to ANCO SPECIALIZED BANK Superannuation.

Find out more

Governance & Disclosures

Details of disclosure relating to ANCO SPECIALIZED BANK Superannuation.

Find out more

 

Boost your super

How is your nest egg looking?

Superannuation is one of the safest ways to build a source of finance to ease your transition into retirement. It can however be all too easy to forget about your super and rely only on the compulsory contributions made by your employers. But the more actively involved you are, the healthier your super will be.

Here we share a few tips to boost your super:

Make your own contributions

If you are earning a good salary and find yourself with a bit of disposable income, consider sacrificing some of your salary to your super. These are additional, pre-tax contributions to your super, boosting it while lowering your taxable income. There is an annual limit to the amount you can contribute through salary sacrificing, but if you are over 50 there are higher concessional caps allowing you to contribute substantially more towards your impending retirement.

See if the government will lend a helping hand

If you are a low-income earner, the government may be able to help you out with your super. Under the Federal Government’s Co-contribution scheme, many low-to-middle income earners who make voluntary after-tax super contributions may be eligible to receive a subsequent contribution from the government of up to $500 per year.

Help out your spouse

If you are married and starting a family, there is a chance one of you may choose to become a stay-at-home parent. The government encourages spousal contributions to the super of primary care givers by offering tax offset incentives for people who contribute to the super of a partner who earns less than $13,800 a year. These super contributions will reduce your tax while helping out your partner.  

Bring all your super together

Over the course of a career, it’s easy to accumulate several super accounts and lose funds along the way. Consolidating your super combines all of your active funds into one, making it far easier to manage your super and avoid paying numerous sets of fees.

To talk about how we can help you grow your super, speak to one of our Financial Planners on +855 97 542 5306.

 

Documents & Applications

With the convenience of Internet Banking, you can easily open a Superannuation fund with us online. Simply click on 'Open Superannuation Fund' under the Services Menu next time you log into Internet Banking.

Documentation relating to ANCO SPECIALIZED BANK Superannuation.

Find out more

Governance & Disclosures

Details of disclosure relating to ANCO SPECIALIZED BANK Bank Superannuation.

Find out more

 



The Trustee of the Fund is Equity Trustees Superannuation Limited ('Trustee') (ABN 50 055 641 757, AFSL 229757).The Fund is administered by Financial Synergy Pty Ltd. Top Quartile Management Pty Limited (AFSL 238816) is the promoter of the Fund and has delegated some of its promotional functions to CUBS Superannuation Fund ABN 90 120 177 925. Insurance cover is provided to eligible Fund members by TAL Life Limited (ABN 70 050 109 450, AFSL 237848) (Insurer). The Trustee may use other service providers such as a custodian or asset consultant in the management and operation of the Fund.