Superannuation is a tax effective way for members to accumulate wealth as superannuation funds receive a concession from the Federal Government on contributions and earnings, thus allowing the superannuation fund to accumulate additional funds for distribution to a participating member on their retirement from the work force.
Employers must contribute to a fund on behalf of employees and self-employed persons receive an income tax deduction on their personal contributions. A member may also contribute to a fund on behalf of his or her spouse.
Your Cooperative is aligned with the 1st Super Master Plan - Small Business Superannuation Division originally promoting the fund from its inception under the 'BIG VisioN' banner.
The Fund provides members with a comprehensive superannuation and retirement product by catering for:
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Employer sponsored contributions |
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Self employed and personal superannuation |
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Rollovers and transfers |
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Spouse account |
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Death, total and permanent disability and salary continuance benefits |
The Fund enables members to prepare for their retirement through investments of accumulation account(s) managed by leading fund managers with the option of taking a lump sum retirement benefit on satisfying a condition of release.
The Fund also provides superannuation members access to comprehensive insurance benefits at wholesale premium rates to provide members and their dependants with the necessary protection should an insured event happen to the member before retirement.
For further information on the Fund or to arrange an appointment with a superannuation specialist, phone the Cooperative on (07)
3369 7074
or;
To download a copy of the Product Disclosure Statement refer to the website:
During ones working life the majority of people have several or more employers who pay compulsory superannuation contributions on their behalf. However, when they leave these employers their superannuation often remains in that employer's superannuation fund or is rolled over into an eligible rollover fund... and sometimes they lose track of it.
BIG understands how hard it is to keep track of multiple superannuation funds, and how difficult it may be to track down "lost" entitlements. Therefore, to assist members locate their lost superannuation a search of the Australian Taxation Office's (ATO) Lost Member Register can be made. To avail yourself of this service telephone the Cooperative on (07)
3369 7074
or go to the 1st Super website and click on the employee link to Lost Super. You will need your Tax File Number (TFN) to search.
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BIG... making it easy for you to keep track of your superannuation
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