About your 2008-09 Associate member statement
- Your details
- Your share in the fund
- Associate balance summary
- Transaction summary
- Fees and costs
- Important information
You will have an Associate Benefit in MilitarySuper if a valid Family Law Court Order or superannuation agreement has been received in relation to your spouse or former spouse. As a result, a separate superannuation interest has been created for you.
When an Associate Benefit is payable, it will be paid to you as a lump sum only, and tax will be deducted at the rate advised by the Australian Taxation Office.
You may have one or both of the following benefits:
- Associate A
This benefit is funded meaning that your benefit is derived from a source where tax has been paid and there is money allocated into your account. MilitarySuper offers a range of investment strategies in which you can choose how to invest your Associate A Benefit. Your benefit is adjusted according to the returns of the relevant investment strategy. - Associate B
This benefit is unfunded meaning that no tax has already been paid on this benefit and there is no money allocated into your account to be invested. Your benefit is adjusted according to the ten year Treasury bond rate. This is because the money is drawn from Consolidated Revenue when it becomes payable.
Your details
Check your personal details carefully and call 1300 006 727 if they are incorrect. Quote your reference number when contacting MilitarySuper.
Your share in the fund
Associate A Benefit is allocated in the form of units in one or more investment divisions of MilitarySuper and will increase or decrease with the unit value.
- Withdrawal
- Withdrawals in the financial year from your Preserved Associate A Benefit are shown here.
- Total
- Investment choice applies to your Preserved Associate A Benefit.
Associate balance summary
Associate A Benefit is allocated in the form of units in one or more investment divisions of MilitarySuper and will increase or decrease with the unit value.
- Associate A Benefit
- If you wish to change your investment option for your Associate A Benefit please read the booklet called "Your Guide to Investment Choice" and complete a "Member Investment Choice" (MIC1) form.
- Investment option
- You can choose from five investment strategies for the investment of your Preserved Associate A Benefit.
- Associate B Benefit
- Associate B Benefit represents unfunded Employer Benefit and is adjusted by the ten year Treasury bond rate of 5.52%. Your Associate B Benefit is not impacted by investment choice.
- Unit price
- You can look up the latest unit prices.
- Balance
- The value of your Associate A Benefit is determined by multiplying your total number of units by the unit price.
Transaction summary
Your Associate A Component is used to purchase units in MilitarySuper. The value of each unit reflects the value of the underlying assets and changes daily. Your Transaction Summary shows the Associate A Component allocated to you in this financial year and any variation in your investment strategy. The Transaction Summary also shows the Associate B Component allocated to you in this financial year.
- Transaction type
- Withdrawals in the financial year from your Preserved Associate A Benefit are shown here.
- Investment
- You can change your Associate A Benefit investment strategy at any time.
- Unit price
- You can look up the latest unit prices.
Fees and costs
There are no administration fees and charges payable by you. All fees and charges associated with the administration of the scheme are paid by the Department of Defence.
- Other management costs
- This approximate amount has been deducted from your investment and includes all the other management costs that were not paid directly out of your account. These costs are deducted before unit prices
are declared.
This amount represents fees and charges, other than administration, that are not directly charged to your account. These costs are deducted from the Scheme’s assets before unit prices are declared. The Other Management Costs disclosed on your Statement are an estimate only.
- Total fees you paid
- This approximate amount includes all the fees and costs which affected your investment during the period. This is the total of Fees and Charges ($0) and Other Management Costs.
Important information
- Preserved benefit at 30 June 2009
Preservation Ages Date of birth Preservation age Before July 1960 55 July 1960 to June 1961 56 July 1961 to June 1962 57 July 1962 to June 1963 58 July 1963 to June 1964 59 After June 1964 60 - Death Benefit
- If you die, your eligible dependants (or your estate, if you have no eligible dependants) are entitled to the total equity held in MilitarySuper at your date of death, payable as a lump sum. The amount paid to each eligible dependant is based on the number of eligible dependants. No fees or charges are deducted from your account in providing this benefit to you. Further details are available by contacting MilitarySuper.
- Disability Benefit
- If the Trustee assesses you as totally and permanently incapacitated (ie that you are unlikely ever to be able to work again in employment you are reasonably qualified for) you are entitled to the total equity held for you in MilitarySuper, payable as a lump sum. No fees or charges are deducted from your account in providing this benefit to you.
Further details are available by contacting MilitarySuper.
Please note: Any payment received will be subject to PAYG taxation.
Click here to download a copy of the About Your Statement Guide - For Associate Benefits (211K)