About your 2010-11 associate member statement
- Investment Performance
- Your details
- Your share in the fund
- Associate balance summary
- Transaction summary
- Fees and costs
- Important information
- Don't become a lost Member
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 options in which you can choose how to invest your Associate A Benefit. Your benefit is adjusted according to the returns of the relevant investment option. - Associate B
The Associate B Benefit represents an untaxed employer component of the benefit and accrues interest at the long-term Treasury bond rate. 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.
Investment Performance
The table below shows compound annual returns for each of MilitarySuper's investment options since inception and over the last three, five, seven and (Growth) ten year periods.
The longer-term returns do not reflect your personal returns as credited to your account. Rather, these reflect the long term returns at the investment option level in which your funded benefit components are invested. Your personal account returns are dependent on your chosen investment option(s) over a given period and are reflected separately in your Annual Statement.
It is important to remember that for most members superannuation is a long term investment and a superannuation fund's investment performance will fluctuate from year to year.
While the Board has reviewed its investment strategy, risk budget and asset allocations during the past year, its strategy remains centred on economic activity driving long-term wealth creation. As such, the Fund's investment strategy seeks to deliver retirement savings growth for members over the longer-term, but recognising that there will be periods along the way where occasional negative returns are experienced. This is a natural and recognised feature of investment markets.
You should be aware that past performance is not a reliable predictor of future performance, but long term historical data can be useful in assessing the relevance of current year returns to your long term retirement savings goals.
Compounded Average Annual Returns
| Option | 1 year | 3 years | 5 years | 7 years | 10 years | Since inception |
|---|---|---|---|---|---|---|
| Cash | 4.42% | 4.07% | 4.68% | 4.78% | N/A | 4.74% |
| Conservative | 5.28% | 0.57% | 2.71% | 4.36% | N/A | 4.82% |
| Balanced | 6.19% | -0.90% | 1.91% | 5.02% | N/A | 6.12% |
| Growth | 4.72% | -1.89% | 1.35% | 4.73% | 3.63% | 5.73% |
| High Growth | 8.67% | -4.35% | -0.41% | 3.99% | N/A | 5.75% |
Due to timing of valuation of assets, the net asset value used to determine unit prices at 30 June 2011, while correct differs from the Fund's net asset value reflected in the above returns.
You are encouraged to read and keep your Annual Statement and to review the Scheme's Annual Report which provides
further information about MilitarySuper's investment performance and scheme operations during 2010/11. If you would prefer to receive a printed copy of this report please contact MilitarySuper's Contact Centre on 1300 006 727.
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 Member Investment Choice Guide 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 5.210%. 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.
- 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 and Other Management Costs.
Important information
- Preserved benefit at 30 June 2011
-
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 (i.e. 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. - advising us by phone on 1300 006 727
- completing a Change of Contact Details form (MAAN3) (PDF 114K)
- emailing us at members@enq.militarysuper.gov.au
Don't become a lost Member
Please remember to keep us up to date with any changes to your postal address so we can keep in touch with you.
There are many ways to change your contact details:
Download a copy of the About Your Statement Guide for Associate Benefits 2010-11 (PDF 463K)