The ATO will reunite those accounts with the member’s active account where possible, and must do so within 28 days of identifying the active account. Wherever you are, access your Mercer Super details from your mobile, via our new app for Android or iOS. Fees we don’t charge. This is a fee to switch your investment options. Based on the account balance of $21,000^ as at 31 March 2019, split evenly across the seven investment options, the total fund fees would have been $161.70 for the year. The initial package also proposed opt-in insurance arrangements for accounts of less than $6,000 and new super members under the age of 25. income from salary, wages and any additional sources of income that you would include in your income tax return. income from salary, wages and any additional sources of income that you would include in your income tax return. Further information can be found in the product disclosure statement. Mercer Wealth Solutions (Retail Super Fund): 1.2 out of 5 stars from 23 genuine reviews on Australia's largest opinion site ProductReview.com.au. Mail: GPO Box 9946, Brisbane QLD 4001 Access a full range of financial tools and calculators. 0508 637 237, Please note: Fees outlined above are the maximum you will be charged for investing in FlexiSaver. Those proposals have not yet been passed. If you are under 18 years of age or have a balance of less than $1,000, we will not charge you the administration fee. You will receive regular updates about your account and investment performance: Not knowing all the facts could cost you money. Kogan Super offers five simple investment options for customers to choose from based on their risk tolerance. Mercer Super customers can call us for free general advice about super. Kogan Super seeks to provide Australians of all ages with a low-fee superannuation product that centres on simplicity – such as the short online joining process, easy digital account management and five simple investment options available – in a conservative and complex industry. You will receive regular updates about your account and investment performance: Not knowing all the facts could cost you money. There are no charges such as entry or exit fees or investment option change fees. Please note: Fees outlined above are the maximum you will be charged for investing in FlexiSaver. Mail: GPO Box 9946, Perth WA 6848 21 August 2019 Australia, Melbourne. With KiwiSaver, scheme providers are restricted on what fees they can charge KiwiSaver members as the KiwiSaver Act requires that fees charged must be reasonable. For example shares cost more to manage than cash or bonds. Exit fees on all accounts will be removed. Fees we don’t charge We encourage you to read all the information about fees and other costs because it’s important to understand their impact on your super. Under the new laws an enforced consolidation program will require super funds to transfer inactive accounts with balances below $6,000 to the Australian Tax Office (ATO). If you are a member of the scheme you can see fees charged to your account in the annual … While we think fees are important and they have an impact on how much you will have at retirement, when considering KiwiSaver we think it is more important to ensure you are in the correct investment option for your life stage and circumstances, your tax rate is correct and you are contributing and receiving your government contributions. The Mercer KiwiSaver scheme charges two fees to administer and invest your savings. No fees are charged for switching investment options.A full suite of insurance is available, providing unlimited Death cover and … The Kogan brand is renowned for price leadership through digital efficiency. Exit fees on all accounts will be removed. ●      Kogan Cars helps Aussies obtain great deals on new cars and excellent prices on trade-ins. Please read the product disclosure statement and the “Your plan details” booklet specific to your plan, available from your employer or after you sign in to your account. Your online account gives you secure access to your investment information anywhere anytime. You generally contribute to your plan through deductions from your pay. You simply need to provide us with your IRD number and your tax rate. Switching fees. You could benefit from investing in a PIE, as it has special tax rules.Any income you earn through your investment in FlexiSaver will be taxed based on your prescribed investor rate (PIR), rather than your personal income tax rate. Global Pension Index. You can call them on 0508 637 237, 9am to 7pm on all business days. The Mercer Super Trust is a Portfolio Investment Entity or what’s known as a PIE. Depending on the rules of the plan you are in, you may be able to make regular or lump sum contributions over and above the contributions deducted from your pay. *Investment returns have not been taken into consideration, Mercer NZ, PO Box 1849 +61 2 6279 3307, Head office: 727 Collins St, Melbourne Please note: Fees outlined above are the maximum you will be charged for investing in FlexiSaver. Mail: GPO Box 9946, Melbourne VIC 3001 Whether you’re an aggressive investor with an appetite for risk, prefer to play it safe or are somewhere in between, we’ve got an investment option for you. You can help boost your spouse’s retirement savings by making a contribution to their super account. Office: Level 6, 70 Franklin St, Adelaide The fund fees are charged as a percentage of your account value. Designated Rules – Mercer Retail Division. The Mercer KiwiSaver scheme charges two fees to administer and invest your savings. From 1 October 2019, the administration fee has been reduced to $2.25 per month, which over the year adds up to $27, for members aged over 18 years and with balances over $1,000. Our Helpline team can also connect you with one of our advisers if you want advice on your investment options. Annual Report and Annual Statement, providing a review and a full update on investment performance. 0508 637 237, 20 Customhouse Quay Explore Mercer’s thinking, insights, and perspectives on the critical issues that can help advance the health, wealth and careers of your organisation and employees. The fees you pay may be … Cash: invests in cash and short-term interest-bearing investments. ●      Kogan Mobile provides value-based mobile offerings. Mercer Outsourcing (Australia) Pty Ltd Financial Services Guide ; Mercer Superannuation (Australia) Limited Financial Services Guide; Mercer Financial Advice Financial Services Guide; Mercer … You can work out your tax rate in 2 minutes with Mercer’s PIR tool. Please note this is generally not applicable for Defined Benefit Accounts. Parramatta. The below table shows an example of how the fund fees are calculated for each investment option and the total fund fee charged on the account. Kogan.com is a portfolio of retail and services businesses including Kogan Retail (the Kogan.com and DickSmith.com.au retail websites), Kogan Marketplace, Kogan Mobile, Kogan Internet, Kogan Insurance, Kogan Travel and Kogan Money. Wellington, New Zealand 6140 Fees will be capped on low superannuation balances from 1 July, 2019 under laws passed last month. View the latest unit prices by clicking 'Learn more' below. Our digital newsletter, Mercer Magazine, which provides the latest news and information. We are proud to extend our financial services offerings to superannuation. We don’t … There are no charges such as entry or exit fees or investment option change fees. +61 7 3234 4900, Level 7, 14 Moore Street In the 2019 financial year, the number of Mercer Super Trust members changed by 1%, which places them at 48 of 150 funds in terms of growth. Ruslan Kogan, Founder and CEO of Kogan.com, said Kogan Super provides a low-fee, reliable, and simple superannuation option for Australians, who are becoming increasingly conscious of the value they are receiving from their superannuation providers. +61 2 8864 6000, Office: Level 6, 225 St Georges Tce, Perth Overview of fees If you don’t provide Mercer with your PIR, or update it (if needed), we will apply the highest rate of 28%, or the rate you advised us previously. This is a fee which can be charged to recover the costs incurred for the sale and purchase of assets. Each of the seven available investment options is managed separately and there are different costs associated with managing each option. Please see our Privacy Policy  for details. Investment solutions, Mercer CFA Institute The Morrison Government’s “Protecting Your Super” package, announced as part of the 2018 Federal Budget, includes a 3% cap on administration and investment fees charged on superannuation accounts with balances of $6,000 or less. The fees you pay may be the investment management fees, a monthly membership fee, an asset based administration fee, and if you are offered and take out an insurance cover, insurance premiums will also be deducted. Fund fees +61 8 9289 3700, Office: 100 Barangaroo Avenue, Sydney You simply need to provide us with your IRD number and your PIR. 1 When compared to public offer funds on SuperRatings Top 10 Fees report (30/06/19) for lowest average fees payable on a $50,000 account balance. Australia’s simple, low-fee1 superannuation fund Kogan Super is now live, launched by Kogan.com (ASX: KGN) and Mercer, a business of Marsh and McLennan Companies (NYSE: MMC). Wheelers Hill. Investment reports published monthly on this website. We’ve removed the administration fee for members aged 17 years and younger and regardless of their age, any member with a balance less than $1,000 will also not pay the administration fee. Enhanced Index Growth: invests across most asset classes, but mainly in growth assets, predominantly taking an indexed investment approach. Both fees are deducted from your investment and will reduce your returns. Investment management fees will vary depending on the investment option or options you invest in. Our Annual Report, providing a review of each year and a full update on investment performance. Select your closest office location: Adelaide Brisbane. 1. +61 8 8110 3400, Office: 123 Eagle Street, Brisbane Please note: Fees outlined above are the maximum you will be charged for investing in FlexiSaver. Kogan Super is operated as part of the Mercer Super Trust. Glen Waverley VIC 3150 This means any money you make through your investment will be taxed. 3. +61 2 8864 6000, Office: Level 6, 225 St Georges Tce, Perth +61 8 9289 3700, Office: 100 Barangaroo Avenue, Sydney ^The administration fee is charged at $2.25 per month and the same administration fee applies even if you choose more than one investment fund. You can find out more about Mercer’s  seven investment options . Australians can join Kogan Super at www.kogansuper.com.au, and more details on the offering are available on the website. The Mercer Super Trust helps your customers build better lives with a comprehensive suite of financial advice and personal superannuation services . Perth. Kogan Super provides a no-frills, low cost, index-based offering with low fees enabling Australians to invest and grow their hard earned money for the future,” added Mr Kogan. Canberra. ●      Kogan Retail and Kogan Marketplace offers products from leading brands across a wide range of categories including consumer electronics, appliances, homewares, hardware, toys, and many more.

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