Issue 2, 2017 - CareSuper...2017/09/22 · individual investors. Property goals You’re probably...

Issue 2, 2017

The greataustralianproperty dream

meet CareSuper member

Kari Hunter

Investment update

02 caresuper.com.au

Welcome to

What’s so important about super?Right now, your retirement income probably seems like a low priority compared to other things, such as saving for a house deposit, raising a family or paying for living expenses.

But time does pass and your life will change. One day you will want (or need) to retire. That’s when the super you’re growing now will really help you. It will pay you an income when your employer stops, so you can live comfortably with a minimum of stress and worry.

We’ll keep doing everything we can at CareSuper to help you achieve a comfortable post-work lifestyle – but you may need to chip in a little too.

For example, did you hear about the 1 July super changes? Lower annual limits now apply to super contributions, meaning you won’t be able to ‘catch up’ on contributions just before retirement.

The good news? Super is actually designed for smaller contributions over a long period of time. See the big difference small changes can make at caresuper.com.au/sparechange and call us if you need any help understanding your contribution options.

Strong returns for membersI’m pleased to say that CareSuper has produced another year of strong investment performance across all Managed and Asset Class options.

The Balanced option closed out the 2016/17 financial year with a return of 11.70%, after fees and taxes, which is an excellent result for members. Not only does this return exceed the investment objectives set for the Balanced option, it also outperforms other similar options, ranking in the top 25% in the annual SuperRatings survey.*

Take a look at page 4 to find out how all of our options performed, and some of the key factors that contributed to our strong returns.

Super, property and moreAlso in this edition of On the Money, we look at the connection between super and property, the rules around super and casual and contract workers, and we provide some important super updates on page 8.

Julie Lander | CareSuper CEO

If you have any questions or feedback, get in touch by calling 1300 360 149.

* Source: SuperRatings Fund Crediting Rate Survey – SR50 Balanced (60-76) Index, June 2017.

http://www.caresuper.com.au

http://www.caresuper.com.au/sparechange

04 Investment update

05 The great Australian property dream

06 Your super statement explained

08Unit pricing correction and upcoming changes to fee disclosure

09 Does super cover casuals and contractors?

10 What sets CareSuper apart?

11 Q&A with CareSuper member Kari Hunter

@CareSuper

CareSuper

facebook.com/TheCareSuper

CareSuperLine 1300 360 149 03

inside

Contents

Don’t leave things to the last minute.Access a discounted online tax service for a same-day refund.*

* Conditions apply.

Go to caresuper.com.au/tax

It’s nearly tax time

http://www.facebook.com/TheCareSuper

http://www.caresuper.com.au/tax

04 caresuper.com.au

of the Alternatives asset class). Each of these asset classes provided excellent growth, closing out the financial year with double-digit returns.

Investing for the futureOver 2016/17, share markets around the world delivered results above longer term averages. Rising share prices are one of the many factors we’re keeping in mind as we move into 2017/18.

Regardless of future market conditions, we’re confident that CareSuper is well-positioned to respond to a changing environment and make the most of new opportunities that arise.

While next year’s returns may be more subdued than the results we saw in 2016/17, you can depend on CareSuper to stick to its well-established approach to investing and continue to produce stable returns for your future. * Source: SuperRatings Fund Crediting Rate Survey – SR50 Balanced

(60-76) Index, June 2017.

Investment

CareSuper closes 2016/17 with strong returnsAfter a year of rising financial markets, we’re pleased to report that all of CareSuper’s Managed and Asset Class options delivered positive results for members, with our Overseas Shares, Australian Shares, Growth and Balanced options performing particularly strongly.

The Balanced option (where most members have some of their super money invested) delivered a double-digit return of 11.70% for the 2016/17 financial year. This ranks in the top 25% of similar funds, a ranking CareSuper has consistently achieved for over 10 years.*

Which assets drove these returns? The strongest performing asset classes throughout 2016/17 were overseas shares, Australian shares, property and infrastructure (infrastructure is part

T̂hese returns are compound average annual returns. The long-term returns shown in this table may differ from your actual returns. The returns shown are after fees and tax and have been rounded

to two decimal places. All net investment returns are reflected in the sell price of each investment option. Past performance is not a reliable indicator of future performance and you should consider other factors before choosing a fund or changing your investments.

Investment returns to 30 June 2017

Investment options

Long-term annual returns^

1-year (%)

3-year (% p.a.)

5-year (% p.a.)

7-year (% p.a.)

10-year (% p.a.)

Managed optionsCapital Guaranteed 1.65 2.28 1.88 2.15 2.83Capital Stable 6.86 5.69 7.09 6.90 5.39Conservative Balanced 8.83 6.69 8.53 7.87 5.60Balanced 11.70 8.92 11.12 9.64 6.01Sustainable Balanced 9.36 7.80 10.31 8.95 5.21Alternative Growth 11.54 8.86 11.20 9.76 6.25Growth 13.69 9.40 12.62 10.35 5.98Asset Class optionsCapital Secure 2.08 2.43 2.70 3.23 3.40Fixed Interest 1.77 3.55 4.32 5.68 6.03Direct Property 12.94 11.95 10.04 9.45 6.54Australian Shares 14.72 7.34 11.79 9.25 4.36

Overseas Shares 18.56 12.47 17.08 12.80 6.86

Suzanne BrantonExecutive Manager

– Investmentsupdate



The great Australian

property As we all know, the property market in some parts of Australia has become almost out of reach, particularly for first home buyers. But did you know your super and property may already be connected?

If your super is invested in a diversified option like the Balanced option, you’re already in the property market. (CareSuper offers a Property option too.)

While it’s certainly not the same as having doors, floors and a ceiling to call your own, it’s still an

investment that could have long-term rewards when your super becomes an income stream to pay for things after you stop working. So, what’s the difference between investing in property on your own vs. through super?

dream

investing

On your own Through CareSuper

Getting in $$$ Need a deposit No deposit required. Your super fund pools your money with other members and invests into wholesale property investments on your behalf.

What type of

property?

Usually residential property – either as an owner-occupier or an investor.

A range of commercial, retail and industrial properties, which are held through unlisted property trusts and can’t easily be accessed by individual investors.

Property goals

You’re probably looking for a place to call home with some good capital growth. And maybe opportunities to minimise your tax.

As a wholesale property investor, CareSuper focuses more on income than capital growth. We look for commercial opportunities with strong investment potential.

Approach You make the decisions – maybe with the help of family, a partner, friends, Google… and other ‘property experts’ you know.

We appoint specialist investment managers with expertise in managing property portfolios across a range of different sectors and regions.

Downsides Legalities, such as paperwork, stamp duty, insurance, ongoing management – and your mortgage.

It’s an indirect investment, so you can’t necessarily see, own (or live in!) the properties you’re invested in through your super.

Upside It’s yours! (And the bank’s.) You can live in your home, renovate, sell up, move out… The choice is yours.

All the administration and decision-making is taken care of. Plus, your investment is spread across a range of commercial, retail and industrial real estate, which diversifies your risk and adds a layer of protection to your returns.

Please turn over > Page 1CARE Super Pty Ltd (Trustee) ABN 91 006 670 060 AFSL 235226. CARE Super (Fund) ABN 98 172 275 725.

Call 1300 360 149 Visit caresuper.com.au Email [email protected]

YourSuperStatementWhat’s in your pack? Your Statement, including the Quick reference guide (which explains things in more detail). Plus, your member magazine.

Your balance at 30 June 2017:

For the period 1 July 2016 to 30 June 2017

The Age Pension

$17,409 per year*

Comfortable retirement

$29,904 per year*

Modest retirement

$22,000 per year*

* How do we know this? It’s based on research and assumptions, and we’ve explained it in more detail on the next page.

Your account overview for 2016/17:

If you have any questions about your account, visit caresuper.com.au/faqs or call us on 1300 360 149.

Your estimated future retirement income:

$17,000per year*

Samuel, thanks for being with us for over 4 years. Here’s how your account balance has changed in that time.

2013

2014

2015

2016

2017

$89,364

$103,746

$66,666

$43,594

$134,611

Your account balance history

Hi Samuel,Welcome to your annual super statement.

call 1300 360 149 visit caresuper.com.au email [email protected]

Please turn over >

What’s in your pack? Your Statement, including the Quick reference guide (which explains things in more detail). Plus, your member magazine.

statementfor the period 1 July 2014 to 30 June 2015

your super

Your account overview


CARE Super Pty Ltd (Trustee) ABN 91 006 670 060 AFSL 235226. CARE Super (Fund) ABN 98 172 275 725.

Age pension

$16,859 per year


$29,222 per year*Want more details?Your transactions are on page 5.


* These figures are based on a range of assumptions. We’ve explained these in more detail on page 2.

What could your incomebe in the future?

The information provided in this document is general advice only and has been prepared without taking into account your particular financial needs, circumstances and objectives. You should consider your own investment objectives, financial situation or needs and read the Product Disclosure Statement prior to making an investment decision. You may also wish to consult a licensed financial adviser.

When you stop working, you’re going to need an income, just like you do now. We’ve calculated what this could look like, based on your CareSuper balance at 30 June 2015.

Will this be enough for the lifestyle you want? Find out more about how your future could look on page 2.

1320022030302210213010100201000000001000210230210200302030031303313131013/A/000087 041 PY-SEN1-SB

Mr Lindsay Sample22 Sample LaneSAMPLETOWN NSW 3111

$155,863.32

Thanks for being with usfor 17 years.Member number: 12345678Email address: [email protected]

Hi Lindsay, Welcome to your annual statement for the period 1 July 2014 to30 June 2015. Here’s an overview to get you started.

Opening balance $221,265.71

Net investment earnings $13,047.98Contributions $3,527.19Net transfers out -$80,723.85Insurance premiums -$395.20Fees and taxes -$858.51

Closing balance at 30 June 2015 $155,863.32

This shows your account balance at 30 June over the past5 years.

2013 2014 20152011 2012

$157,012 $165,294

$196,954$221,265

$155,863

Lindsay,

Your estimated futureretirement income:

$27,900per year*

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your super




Age pension

$16,859 per year









1320022030302210213010100201000000001000210230210200302030031303313131013/A/000087 041 PY-SEN1-SB


$155,863.32







2013 2014 20152011 2012

$157,012 $165,294

$196,954$221,265

$155,863

Lindsay,


$27,900per year*

Page 1

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your super




Age pension

$16,859 per year









1320022030302210213010100201000000001000210230210200302030031303313131013/A/000087 041 PY-SEN1-SB


$155,863.32







2013 2014 20152011 2012

$157,012 $165,294

$196,954$221,265

$155,863

Lindsay,


$27,900per year*

Page 1

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Member number: 12345678 Email address: [email protected]

131013/A/000062 P1 027

Mr Samuel Sample123 Sample StreetMELBOURNE VIC 3000

$66,666.66

When it comes to life after work, have you ever wondered what kind of lifestyle you might be able to afford?

<Name>, your super can play a big part in how you’ll live when you stop working.

Your estimated retirement income is more than the Age Pension, and more than a modest retirement lifestyle level,* but it’s below the income level you’ll need for a comfortable lifestyle.*

Your opening balance as at 1 July 2016 $15,000

Closing balance as at 30 June 2017 $20,000

Your net investment earnings

$2000

Insurance

You’re covered fordeath, TPD and income protection

Contributions from your employer

$2500

Contributions from you

$500






The Age Pension

$17,409 per year*


$29,904 per year*

Modest retirement

$22,000 per year*





$17,000per year*


2013

2014

2015

2016

2017

$89,364

$103,746

$66,666

$43,594

$134,611




Please turn over >



your super




Age pension

$16,859 per year









1320022030302210213010100201000000001000210230210200302030031303313131013/A/000087 041 PY-SEN1-SB


$155,863.32







2013 2014 20152011 2012

$157,012 $165,294

$196,954$221,265

$155,863

Lindsay,


$27,900per year*

Page 1

*L000028*

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*


Please turn over >



your super




Age pension

$16,859 per year









1320022030302210213010100201000000001000210230210200302030031303313131013/A/000087 041 PY-SEN1-SB


$155,863.32







2013 2014 20152011 2012

$157,012 $165,294

$196,954$221,265

$155,863

Lindsay,


$27,900per year*

Page 1

*L000028*

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*


Please turn over >



your super




Age pension

$16,859 per year









1320022030302210213010100201000000001000210230210200302030031303313131013/A/000087 041 PY-SEN1-SB


$155,863.32







2013 2014 20152011 2012

$157,012 $165,294

$196,954$221,265

$155,863

Lindsay,


$27,900per year*

Page 1

*L000028*

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*


131013/A/000062 P1 027


$66,666.66







$2000

Insurance



$2500


$500






The Age Pension

$17,409 per year*


$29,904 per year*

Modest retirement

$22,000 per year*





$17,000per year*


2013

2014

2015

2016

2017

$89,364

$103,746

$66,666

$43,594

$134,611




Please turn over >



your super




Age pension

$16,859 per year









1320022030302210213010100201000000001000210230210200302030031303313131013/A/000087 041 PY-SEN1-SB


$155,863.32







2013 2014 20152011 2012

$157,012 $165,294

$196,954$221,265

$155,863

Lindsay,


$27,900per year*

Page 1

*L000028*

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087

197

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*


Please turn over >



your super




Age pension

$16,859 per year









1320022030302210213010100201000000001000210230210200302030031303313131013/A/000087 041 PY-SEN1-SB


$155,863.32







2013 2014 20152011 2012

$157,012 $165,294

$196,954$221,265

$155,863

Lindsay,


$27,900per year*

Page 1

*L000028*

1310

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087

197

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*


Please turn over >



your super




Age pension

$16,859 per year









1320022030302210213010100201000000001000210230210200302030031303313131013/A/000087 041 PY-SEN1-SB


$155,863.32







2013 2014 20152011 2012

$157,012 $165,294

$196,954$221,265

$155,863

Lindsay,


$27,900per year*

Page 1

*L000028*

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13/A

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087

197

*L00

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*


131013/A/000062 P1 027


$66,666.66







$2000

Insurance



$2500


$500






The Age Pension

$17,409 per year*


$29,904 per year*

Modest retirement

$22,000 per year*





$17,000per year*


2013

2014

2015

2016

2017

$89,364

$103,746

$66,666

$43,594

$134,611




Please turn over >



your super




Age pension

$16,859 per year









1320022030302210213010100201000000001000210230210200302030031303313131013/A/000087 041 PY-SEN1-SB


$155,863.32







2013 2014 20152011 2012

$157,012 $165,294

$196,954$221,265

$155,863

Lindsay,


$27,900per year*

Page 1

*L000028*

1310

13/A

/000

087

197

*L00

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*


Please turn over >



your super




Age pension

$16,859 per year









1320022030302210213010100201000000001000210230210200302030031303313131013/A/000087 041 PY-SEN1-SB


$155,863.32







2013 2014 20152011 2012

$157,012 $165,294

$196,954$221,265

$155,863

Lindsay,


$27,900per year*

Page 1

*L000028*

1310

13/A

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087

197

*L00

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*


Please turn over >



your super




Age pension

$16,859 per year









1320022030302210213010100201000000001000210230210200302030031303313131013/A/000087 041 PY-SEN1-SB


$155,863.32







2013 2014 20152011 2012

$157,012 $165,294

$196,954$221,265

$155,863

Lindsay,


$27,900per year*

Page 1

*L000028*

1310

13/A

/000

087

197

*L00

0028

*


131013/A/000062 P1 027


$66,666.66







$2000

Insurance



$2500


$500






The Age Pension

$17,409 per year*


$29,904 per year*

Modest retirement

$22,000 per year*





$17,000per year*


2013

2014

2015

2016

2017

$89,364

$103,746

$66,666

$43,594

$134,611




Please turn over >



your super




Age pension

$16,859 per year









1320022030302210213010100201000000001000210230210200302030031303313131013/A/000087 041 PY-SEN1-SB


$155,863.32







2013 2014 20152011 2012

$157,012 $165,294

$196,954$221,265

$155,863

Lindsay,


$27,900per year*

Page 1

*L000028*

1310

13/A

/000

087

197

*L00

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*


Please turn over >



your super




Age pension

$16,859 per year









1320022030302210213010100201000000001000210230210200302030031303313131013/A/000087 041 PY-SEN1-SB


$155,863.32







2013 2014 20152011 2012

$157,012 $165,294

$196,954$221,265

$155,863

Lindsay,


$27,900per year*

Page 1

*L000028*

1310

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*L00

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*


Please turn over >



your super




Age pension

$16,859 per year









1320022030302210213010100201000000001000210230210200302030031303313131013/A/000087 041 PY-SEN1-SB


$155,863.32







2013 2014 20152011 2012

$157,012 $165,294

$196,954$221,265

$155,863

Lindsay,


$27,900per year*

Page 1

*L000028*

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197

*L00

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*


131013/A/000062 P1 027


$66,666.66







$2000

Insurance



$2500


$500






The Age Pension

$17,409 per year*


$29,904 per year*

Modest retirement

$22,000 per year*





$17,000per year*


2013

2014

2015

2016

2017

$89,364

$103,746

$66,666

$43,594

$134,611




Please turn over >



your super




Age pension

$16,859 per year









1320022030302210213010100201000000001000210230210200302030031303313131013/A/000087 041 PY-SEN1-SB


$155,863.32







2013 2014 20152011 2012

$157,012 $165,294

$196,954$221,265

$155,863

Lindsay,


$27,900per year*

Page 1

*L000028*

1310

13/A

/000

087

197

*L00

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*


Please turn over >



your super




Age pension

$16,859 per year









1320022030302210213010100201000000001000210230210200302030031303313131013/A/000087 041 PY-SEN1-SB


$155,863.32







2013 2014 20152011 2012

$157,012 $165,294

$196,954$221,265

$155,863

Lindsay,


$27,900per year*

Page 1

*L000028*

1310

13/A

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087

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*L00

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*


Please turn over >



your super




Age pension

$16,859 per year









1320022030302210213010100201000000001000210230210200302030031303313131013/A/000087 041 PY-SEN1-SB


$155,863.32







2013 2014 20152011 2012

$157,012 $165,294

$196,954$221,265

$155,863

Lindsay,


$27,900per year*

Page 1

*L000028*

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087

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*L00

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*


131013/A/000062 P1 027


$66,666.66







$2000

Insurance



$2500


$500






The Age Pension

$17,409 per year*


$29,904 per year*

Modest retirement

$22,000 per year*





$17,000per year*


2013

2014

2015

2016

2017

$89,364

$103,746

$66,666

$43,594

$134,611




Please turn over >



your super




Age pension

$16,859 per year









1320022030302210213010100201000000001000210230210200302030031303313131013/A/000087 041 PY-SEN1-SB


$155,863.32







2013 2014 20152011 2012

$157,012 $165,294

$196,954$221,265

$155,863

Lindsay,


$27,900per year*

Page 1

*L000028*

1310

13/A

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087

197

*L00

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*


Please turn over >



your super




Age pension

$16,859 per year









1320022030302210213010100201000000001000210230210200302030031303313131013/A/000087 041 PY-SEN1-SB


$155,863.32







2013 2014 20152011 2012

$157,012 $165,294

$196,954$221,265

$155,863

Lindsay,


$27,900per year*

Page 1

*L000028*

1310

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087

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*L00

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*


Please turn over >



your super




Age pension

$16,859 per year









1320022030302210213010100201000000001000210230210200302030031303313131013/A/000087 041 PY-SEN1-SB


$155,863.32







2013 2014 20152011 2012

$157,012 $165,294

$196,954$221,265

$155,863

Lindsay,


$27,900per year*

Page 1

*L000028*

1310

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*


131013/A/000062 P1 027


$66,666.66







$2000

Insurance



$2500


$500

06 caresuper.com.au

Have you ever taken one look at your super statement and thought it was all just a bit too hard?

To help you make sense of things, we’ve broken down a few key parts of an example statement, so you can get the most out of your super.(Figures and images are for illustrative purposes only and do not reflect your actual CareSuper account.)

your super statement explained

Your balance

Did your super grow from CareSuper’s positve investment performance over the financial year? Historically, CareSuper has achieved strong net returns for members. (To compare our performance go to caresuper.com.au/comparemysuper.)

If your balance has gone down and it’s not clear why, we can help.

Just call 1300 360 149.

Your employer

These are the contributions your employer made to your super in 2016/17. Is it what you expected? It’s a good idea to check the employer transactions on your statement against your payslips, to make sure you haven’t been underpaid super.

Your contributions

If you haven’t made any extra contributions to super, you won’t see this field on your statement. Could you make a voluntary contribution next year? The earlier you start, the longer your super has to grow.

See the difference a few extra dollars could make at caresuper.com.au/sparechange.


http://www.caresuper.com.au/comparemysuper


http://www.caresuper.com.au/sparechange


Your beneficiaries

If this section is blank on your statement, it means that CareSuper will be responsible for deciding who gets your super if you pass away. We’ll make the best decision we can based on your situation and the law, but wouldn’t you rather make the call?

To control who gets your super if you die, you have to complete the right paperwork. (Even a will generally doesn’t cover super.) One way to ensure your super goes where you want is to make a binding nomination. (Make sure you follow the rules closely so it’s valid.)

Find out more at caresuper.com.au/beneficiaries.

super statement explained

Your insurance

If you joined via your employer, you probably have automatic death and total & permanent (TPD) cover through CareSuper.

This cover could pay for your debts if you pass away, or help you if you become permanently disabled.

It’s important to check that your cover is right for you so you’re not under- or over-insured. You are paying premiums for any cover, so know what you’re paying for.

For more, go to caresuper.com.au/insurance or call us on 1300 360 149.

Your investments

This donut shows you how your super was invested at the end of the financial year.

You’ll probably see a variety of colours in your pie chart. That’s because we diversify your money across a range of investments to protect you against risk and maximise returns from different types of investments.

You can mix and match any of CareSuper’s 12 investment options, but it could be worth seeking advice first, to make sure you’ve got all the facts.

Learn more at caresuper.com.au/investments and caresuper.com.au/advice.

in the spotlight



Your investments

Annual returns Long term annual returns*

Investment options2015/16

(%)5 years (% p.a.)

7 years (% p.a.)

10 years (% p.a.)

Managed options

Capital Guaranteed 2.27 2.02 2.30 3.35

Capital Stable 3.56 6.75 7.22 5.61

Conservative Balanced 3.08 7.56 7.94 5.79

Balanced (MySuper) 4.45 9.13 9.25 6.38

Sustainable Balanced 4.35 8.84 8.94 5.52

Alternative Growth 5.47 9.19 9.49 6.48

Growth 3.04 9.74 9.86 6.22

Asset Class options

Capital Secure 2.44 3.12 3.50 3.75

Fixed Interest 4.05 6.22 7.00 6.18

Direct Property 13.34 8.93 8.21 6.51

Australian Shares 0.19 7.73 8.83 5.40

Overseas Shares -0.39 12.63 11.52 5.96

The long-term returns shown in this table may differ from your actual returns. The returns shown are after fees and tax, and have been rounded to two decimal places. All net investment returns are reflected in the sell price of each investment option. Past performance is not a reliable indicator of future performance and should never be the sole factor considered when selecting a fund.

*These returns are compound average annual returns.

Visit caresuper.com.au/MySuper to view the product dashboard page for CareSuper’s Balanced (MySuper) option.

At the end of the day, it’s the ‘net benefit’ of your account (what’s left over after fees, tax and other costs) that can make a big difference to your future.

CareSuper’s net benefit has consistently outperformed other funds and delivered strong results for our members.*

Compare us for yourself at caresuper.com.au/compare.

How your assets were allocated at 30 June 2017

Your investment summary as at 30 June 2017

CareSuper investment returns at 30 June 2017 (after fees and taxes)

Strong returns are just part of the story

*Comparison modelled by SuperRatings as at 30 June 2016, commissioned by Industry Super Australia Pty Ltd ABN 72 158 563 270 Corporate Authorised Representative No. 426006 of Industry Fund Services Ltd ABN 54 007 016 195 AFSL 232514. We’ve explained the modelling and calculations in more detail at caresuper.com.au/compare.

[Figures to be updated]


Please turn over >



your super




Age pension

$16,859 per year









1320022030302210213010100201000000001000210230210200302030031303313131013/A/000087 041 PY-SEN1-SB


$155,863.32







2013 2014 20152011 2012

$157,012 $165,294

$196,954$221,265

$155,863

Lindsay,


$27,900per year*

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your super




Age pension

$16,859 per year









1320022030302210213010100201000000001000210230210200302030031303313131013/A/000087 041 PY-SEN1-SB


$155,863.32







2013 2014 20152011 2012

$157,012 $165,294

$196,954$221,265

$155,863

Lindsay,


$27,900per year*

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<Name>, here’s a snapshot of your investments.

Investment option Number of units held Unit price* Value Earnings^ % of account

balance

Growth 21,843.94175 $1.5023 $32,816.15 $3,470.66 21.05%

Balanced (MySuper option) 22,594.58753 $1.4280 $32,265.07 $3,208.43 20.70%

Conservative Balanced 23,102.00466 $1.3305 $30,737.22 $2,407.95 19.72%

Capital Stable 47,253.38597 $1.2707 $60,044.88 $3,960.94 38.53%



Capital Stable 47,253.38597 $1.2707 $60,044.88 $3,960.94 38.53%

Total $155,863.32 $13,047.98 100.00% *The unit price(s) shown on your statement may differ from the weekly unit price(s) as at 30 June 2017. We’ve explained this in the enclosed Quick reference guide.

^Earnings are for the period 1 July 2015 to 30 June 2016.

#This option is invested in the AMP Guaranteed Savings Account, managed by AMP Life Limited (AMP). AMP determines the assets that this product invests in and guarantees that your contributions and returns will not be reduced by negative investment returns. Part of the investments of this option may be invested in term deposits from authorised deposit taking institutions. CareSuper may also hold a small part of the option’s investments in cash, for liquidity purposes. As at 30 June 2017, the value of your investment in the Capital Guaranteed option was more than $10,000. This option has a lower return objective and risk level than other investment options, which could affect your long-term investment returns.

Alternative Assets 30.00%

Cash 5.00%

Overseas Shares 26.00%

Fixed Interest 6.00%

Australian Shares 21.00%

Property 12.00%



Your investments



(%)5 years (% p.a.)

7 years (% p.a.)

10 years (% p.a.)

Managed options


Capital Stable 3.56 6.75 7.22 5.61





Growth 3.04 9.74 9.86 6.22

Asset Class options

Capital Secure 2.44 3.12 3.50 3.75

Fixed Interest 4.05 6.22 7.00 6.18

Direct Property 13.34 8.93 8.21 6.51


Overseas Shares -0.39 12.63 11.52 5.96














Please turn over >



your super




Age pension

$16,859 per year









1320022030302210213010100201000000001000210230210200302030031303313131013/A/000087 041 PY-SEN1-SB


$155,863.32







2013 2014 20152011 2012

$157,012 $165,294

$196,954$221,265

$155,863

Lindsay,


$27,900per year*

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your super




Age pension

$16,859 per year









1320022030302210213010100201000000001000210230210200302030031303313131013/A/000087 041 PY-SEN1-SB


$155,863.32







2013 2014 20152011 2012

$157,012 $165,294

$196,954$221,265

$155,863

Lindsay,


$27,900per year*

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balance

Growth 21,843.94175 $1.5023 $32,816.15 $3,470.66 21.05%



Capital Stable 47,253.38597 $1.2707 $60,044.88 $3,960.94 38.53%



Capital Stable 47,253.38597 $1.2707 $60,044.88 $3,960.94 38.53%





Cash 5.00%




Property 12.00%



Your investments



(%)5 years (% p.a.)

7 years (% p.a.)

10 years (% p.a.)

Managed options


Capital Stable 3.56 6.75 7.22 5.61





Growth 3.04 9.74 9.86 6.22

Asset Class options

Capital Secure 2.44 3.12 3.50 3.75

Fixed Interest 4.05 6.22 7.00 6.18

Direct Property 13.34 8.93 8.21 6.51


Overseas Shares -0.39 12.63 11.52 5.96














Please turn over >



your super




Age pension

$16,859 per year









1320022030302210213010100201000000001000210230210200302030031303313131013/A/000087 041 PY-SEN1-SB


$155,863.32







2013 2014 20152011 2012

$157,012 $165,294

$196,954$221,265

$155,863

Lindsay,


$27,900per year*

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Please turn over >



your super




Age pension

$16,859 per year









1320022030302210213010100201000000001000210230210200302030031303313131013/A/000087 041 PY-SEN1-SB


$155,863.32







2013 2014 20152011 2012

$157,012 $165,294

$196,954$221,265

$155,863

Lindsay,


$27,900per year*

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balance

Growth 21,843.94175 $1.5023 $32,816.15 $3,470.66 21.05%



Capital Stable 47,253.38597 $1.2707 $60,044.88 $3,960.94 38.53%



Capital Stable 47,253.38597 $1.2707 $60,044.88 $3,960.94 38.53%





Cash 5.00%




Property 12.00%



Insurance, beneficiaries and other important information

Your death cover

Your total & permanent disablement (TPD) cover

Your super to-do list

Your insurance cover at 30 June 2017

Your beneficiaries


Please turn over >



your super




Age pension

$16,859 per year









1320022030302210213010100201000000001000210230210200302030031303313131013/A/000087 041 PY-SEN1-SB


$155,863.32







2013 2014 20152011 2012

$157,012 $165,294

$196,954$221,265

$155,863

Lindsay,


$27,900per year*

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your super




Age pension

$16,859 per year









1320022030302210213010100201000000001000210230210200302030031303313131013/A/000087 041 PY-SEN1-SB


$155,863.32







2013 2014 20152011 2012

$157,012 $165,294

$196,954$221,265

$155,863

Lindsay,


$27,900per year*

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Income protection cover

Cover amount Premium you pay^ Benefit periodWaiting period

$5.00per week

2 Years$7,000per month

60 days

Cover amount

Professional occupational category*



Cover amount

Premium you pay^

Premium you pay^

$400,000(4 units)

$4.20per week

$6.20per week

$500,000 (4 units)

More than one super account? You could be doubling up on fees and insurance premiums. Learn more about consolidating your super at caresuper.com.au/combine.

Had enough of paper statements? With online statements you can really explore your super. Sign up at caresuper.com.au/onlinestatements.

Superannuation planning is about making the right decisions for your future. It’s important, and it can be daunting.

If you’re wondering how much super you should put away, or whether to tailor your insurance cover, a super calculator can help. Go to caresuper.com.au/supercalculators to get started.

<Name>, at 30 June 2017 the total benefit payable when you die is: $999,999. The total amount payable if you become totally and permanently disabled (TPD) is: $999,999. These amounts are comprised of your account balance plus any insured benefit (details below).

Things you should know about insurance with CareSuperInsurance cover is provided to eligible Employee Plan members, in line with Government requirements, and is subject to meeting the commencement of cover policy conditions. You can reduce or cancel your cover at any time. Insurance claims are subject to assessment and approval by the Trustee and insurer.

Any cover will continue for as long as there is enough money in your account for monthly insurance premium and fee deductions and you satisfy the conditions of the policy.

Any cover amount and/or premiums assume that the date of birth we have on record for you is correct. To check go to MemberOnline at caresuper.com.au/login.

*There are three occupational categories to reflect the different risk levels of our members’ roles and occupations. To make sure you’re in the right occupational category refer to the Insurance Guide at caresuper.com.au/insuranceguide.

^ Insurance premiums are deducted from your account monthly, unless paid for by your employer or you cancel your cover. This amount is an indication of the cost of your insurance cover and is subject to change. You can view your premium deductions by logging into MemberOnline at caresuper.com.au/login.

Making a claim:

Specific definitions apply to insurance cover. If you believe you are eligible to lodge a claim, please contact CareSuper so we can guide you through the process.

Have you previously been paid a TPD benefit?

If you have previously been paid a TPD benefit of any type from any source including another super fund or a personal insurance policy as a result of a TPD claim, you are only eligible for death cover with CareSuper, not TPD or income protection cover. If this applies to you call us on 1300 360 149 so we can help you change your cover.

You’ve nominated the following beneficiaries to receive your super when you die.

Beneficiary type: Binding

Beneficiary Percentage

Sam Sample 50%

Sarah Sample 50%

To find out how to change or cancel your nominations go to caresuper.com.au/beneficiaries.




Your death cover




Your beneficiaries


Please turn over >



your super




Age pension

$16,859 per year









1320022030302210213010100201000000001000210230210200302030031303313131013/A/000087 041 PY-SEN1-SB


$155,863.32







2013 2014 20152011 2012

$157,012 $165,294

$196,954$221,265

$155,863

Lindsay,


$27,900per year*

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your super




Age pension

$16,859 per year









1320022030302210213010100201000000001000210230210200302030031303313131013/A/000087 041 PY-SEN1-SB


$155,863.32







2013 2014 20152011 2012

$157,012 $165,294

$196,954$221,265

$155,863

Lindsay,


$27,900per year*

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$5.00per week


60 days

Cover amount




Cover amount

Premium you pay^

Premium you pay^

$400,000(4 units)

$4.20per week

$6.20per week

$500,000 (4 units)











Making a claim:







Sam Sample 50%

Sarah Sample 50%





Your death cover




Your beneficiaries


Please turn over >



your super




Age pension

$16,859 per year









1320022030302210213010100201000000001000210230210200302030031303313131013/A/000087 041 PY-SEN1-SB


$155,863.32







2013 2014 20152011 2012

$157,012 $165,294

$196,954$221,265

$155,863

Lindsay,


$27,900per year*

Page 1

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Please turn over >



your super




Age pension

$16,859 per year









1320022030302210213010100201000000001000210230210200302030031303313131013/A/000087 041 PY-SEN1-SB


$155,863.32







2013 2014 20152011 2012

$157,012 $165,294

$196,954$221,265

$155,863

Lindsay,


$27,900per year*

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$5.00per week


60 days

Cover amount




Cover amount

Premium you pay^

Premium you pay^

$400,000(4 units)

$4.20per week

$6.20per week

$500,000 (4 units)











Making a claim:







Sam Sample 50%

Sarah Sample 50%





Your death cover




Your beneficiaries


Please turn over >



your super




Age pension

$16,859 per year









1320022030302210213010100201000000001000210230210200302030031303313131013/A/000087 041 PY-SEN1-SB


$155,863.32







2013 2014 20152011 2012

$157,012 $165,294

$196,954$221,265

$155,863

Lindsay,


$27,900per year*

Page 1

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Please turn over >



your super




Age pension

$16,859 per year









1320022030302210213010100201000000001000210230210200302030031303313131013/A/000087 041 PY-SEN1-SB


$155,863.32







2013 2014 20152011 2012

$157,012 $165,294

$196,954$221,265

$155,863

Lindsay,


$27,900per year*

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$5.00per week


60 days

Cover amount




Cover amount

Premium you pay^

Premium you pay^

$400,000(4 units)

$4.20per week

$6.20per week

$500,000 (4 units)











Making a claim:







Sam Sample 50%

Sarah Sample 50%





Your death cover




Your beneficiaries


Please turn over >



your super




Age pension

$16,859 per year









1320022030302210213010100201000000001000210230210200302030031303313131013/A/000087 041 PY-SEN1-SB


$155,863.32







2013 2014 20152011 2012

$157,012 $165,294

$196,954$221,265

$155,863

Lindsay,


$27,900per year*

Page 1

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Please turn over >



your super




Age pension

$16,859 per year









1320022030302210213010100201000000001000210230210200302030031303313131013/A/000087 041 PY-SEN1-SB


$155,863.32







2013 2014 20152011 2012

$157,012 $165,294

$196,954$221,265

$155,863

Lindsay,


$27,900per year*

Page 1

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$5.00per week


60 days

Cover amount




Cover amount

Premium you pay^

Premium you pay^

$400,000(4 units)

$4.20per week

$6.20per week

$500,000 (4 units)











Making a claim:







Sam Sample 50%

Sarah Sample 50%


http://www.caresuper.com.au/beneficiaries

http://www.caresuper.com.au/insurance

http://www.caresuper.com.au/insurance

http://www.caresuper.com.au/investments

http://www.caresuper.com.au/investments

http://www.caresuper.com.au/advice

http://www.caresuper.com.au/advice

08 caresuper.com.au

super update

How does unit pricing work?We use unit prices to calculate and report on members’ account balances. When you invest in one of our Managed or Asset Class options, you’re allocated ‘units’ in that option. Unit prices change over time, going up or down depending on investment performance. Your account balance will reflect the weekly unit price as well as the number of units you own. Find out more about how unit prices work at caresuper.com.au/unitpricing.

Upcoming changes to fee disclosureFrom 1 October 2017, super funds are required to change the way fees are displayed. From this date, you will see some changes to the fee tables in our product disclosure statements and on our website.

Are CareSuper’s fees changing?No. The new requirements won’t have any impact on your account or your returns. We are not increasing our existing fees or introducing any new fees.

We will simply be changing the way we display some of the items that make up our investment fees and indirect cost ratios (ICRs). (ICRs are costs associated with managing investments; they are not deducted directly from your account.)

From 1 October 2017, some underlying costs will be re-classified according to new Federal Government regulations.

Find out moreWe’ll update our website with more information soon. Visit caresuper.com.au/feechanges2017 to stay up to date.

Unit pricing correctionWe recently corrected a temporary unit pricing error that affected some of our members’ accounts.

What happened?Between 1 March 2017 and 2 May 2017 the unit prices for nine of our investment options were overstated as the result of a valuation error by one of CareSuper’s external service providers.

If you were in one or more of the affected options, your account balance would have been overstated during this period and any account transactions would have been processed using an overstated price.

How did CareSuper correct the error?CareSuper has strong processes in place to monitor operational matters, so in the rare event that an error does occur, we can identify and fix it with minimum impact for members.

We updated the affected prices, along with any transactions that occurred over this period. Members’ accounts were restored to the same financial position they would have been in if the error hadn’t occurred, and the affected investment options were adjusted back to their correct value.

Which investment options were affected?

• Capital Stable• Conservative Balanced• Balanced• Sustainable Balanced• Alternative Growth

• Growth• Direct Property• Australian Shares• Overseas Shares


http://www.caresuper.com.au/unitpricing

http://www.caresuper.com.au/feechanges2017


casuals & contractors? Does super cover

A super fund for lifeChanging work arrangements doesn’t have to mean changing super. In fact, picking one super fund that works for you and sticking with it means one less thing to worry about.

You can stay with CareSuper as you advance, move sideways and create your own waves in the workplace.

Just hand your employer a completed Choice of fund form from caresuper.com.au/choice to stay with CareSuper.

‘As a casual employee,

do I get super?’ If you’re over 18 and earning more than $450 (before tax) from a single employer in a calendar month, the simple answer is ‘yes’.

If you don’t qualify, all is not lost. Keep in mind:

1. You can make voluntary contributions to super to keep things ticking along.

Go to caresuper.com.au/maximisesuper to learn more.

2. If your hours change in the future, say over a holiday period, you might clock up enough to qualify. Keep an eye on this to make sure your employer pays.

‘As a contractor, do I have to pay my own super?’

As a contractor with your own Australian Business Number (ABN), you are generally responsible for paying your own super.

In some situations, however, you may be considered an ‘employee for super purposes’ by the Australian Taxation Office (ATO). If this is you, your employer is legally required to make super contributions for you.

Your contract should specify your arrangement, and it’s your employer’s responsibility to check this and get it right.

Got questions? Visit caresuper.com.au/ FAQs or go to ato.gov.au.

With the rise of the gig economy, how, when and why we work is evolving. Is super keeping pace?

We answer two common FAQs.

http://www.caresuper.com.au/choice



http://www.ato.gov.au

10 caresuper.com.au

Staying with CareSuperTo learn more about what we can offer you, like insurance, online calculators and extra benefits, go to caresuper.com.au.

And to keep CareSuper as your super fund for life, simply choose us if you change jobs. Go to caresuper.com.au/choice for a form.

What setsCareSuperapart?

Chances are, you’re with CareSuper because we’re the fund your employer chose for you.

So, did they make the right call?

Here are a few of the things that we believe in, which guide the way we take care of your super. Are they important to you too?

We believe in profit for membersWe need money so we can provide you with quality products and services, but beyond that, the profits go back to you. Unlike some other types of super funds, we don’t pay dividends to shareholders or commissions to financial planners. That’s what ‘profit for members’ is all about.

We believe in value for moneyLower fees don’t always equal value for money. (In fact, it can mean lower returns too.)

Sometimes, it’s how you spend and invest that counts.

At CareSuper, we look at the big picture – the ‘net benefit’. We ask: ‘After fees and costs are taken out, does your investment stack up? Are you better off at the end of the day?’

According to Money magazine, we’re the ‘best value for money’ fund two years in a row.We believe in

protecting your superSuper funds invest differently – and some do it better than others.

At CareSuper, our investment philosophy focuses on protecting your super when markets are particularly unpredictable, while always aiming to achieve maximum returns for you.

We have a long track record of delivering consistent returns for our members. Just see our results on page 4.

But why take someone else’s word for it?

Compare us for yourself at caresuper.com.au/comparemysuper.



http://www.caresuper.com.au/choice



what’s your story?If you’d like to share your story with us, please email us at [email protected].

How long have you been with CareSuper? I joined CareSuper a year and a half ago after advice from a financial planner. They suggested moving to an industry super fund as a way of reducing fees, and when I changed jobs I decided to change super too. My new employer’s default fund was CareSuper, and after reviewing its performance against other funds, I decided to shift.

What made you take an interest in your super?I put off dealing with super for a long time as I found it could be difficult to understand. But then my parents retired and the importance of thinking about and preparing for retirement became especially clear to me.

When I moved my super to CareSuper I spoke to a very patient financial planner to figure out what was right for me. And the support I’ve continued to receive from CareSuper has been exceptional.

How has CareSuper helped you? My planner explained the benefits of consolidating super and helped me think about my insurance cover through super. I’d been a bit slow to add my five-year-old son into my financial planning considerations, but now that I’ve reviewed my insurance I know he’ll be taken care of if anything happens.

Overall, I’ve realised the need to be proactive and ask for assistance and advice to help plan for the future.

What would you tell your younger self about super? I’d tell her to not just assume an employer’s default super fund is satisfactory. I’d tell her to compare funds and look at things like fees and investment performance and other available benefits.

How do you think CareSuper will support you in the future?So far, they’ve made it easy to understand and access the right resources when I’ve needed them, so I really value that.

When I retire, I look forward to travelling and indulging in the kinds of activities I don’t seem to have time for now between work and a young family!

meetCareSuper member Kari Hunter

lifestyle

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Disclaimer: This magazine has been prepared for general information purposes only and not as specific advice to any particular person. Any advice contained in this magazine does not take into account any particular person’s objectives, financial situation or needs and you should read the applicable product disclosure statement. You should consider the appropriateness of this advice, having regard to your own particular objectives, financial situation and needs before acting on any advice. You need to apply the concepts to your own situation before making an investment decision.

CARE Super Pty Ltd (Trustee) ABN 91 006 670 060 AFSL 235226 CARE Super (Fund) ABN 98 172 275 725

Pacesetter Laser Recycled is 30% recycled, which is post-consumer waste. It is made from elemental chlorine free bleached pulp sourced from sustainably managed sources. It is manufactured by an ISO 14001 certified mill.

get in touchCall CareSuperLine 1300 360 149

Visit caresuper.com.au

Email [email protected]

Write CareSuper, Locked Bag 5087 Parramatta NSW 2124

We can search the Australian Taxation Office’s database for your other super accounts and get the results within seconds.

Visit caresuper.com.au or call 1300 360 149.

Start your super search today

/supermatch


Issue 2, 2017 - CareSuper...2017/09/22 · individual investors. Property goals You’re probably...

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Transcript of Issue 2, 2017 - CareSuper...2017/09/22 · individual investors. Property goals You’re probably...