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About your preserved member statement

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Your details

Check your personal details carefully. If they are incorrect you can update them via Member Services Online.

Tax File Number provided
If you have not supplied your Tax File Number, any contributions received may be taxed at the highest marginal rate. This will appear on your Transaction Summary under "No TFN Contributions Tax".
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Important information

Death benefits
If you die after leaving the Defence Force and before receiving your preserved Employer Benefit, your eligible dependants (or your estate, if you have no eligible dependants) are entitled to any Member Benefit, plus any Ancillary Benefit, plus your preserved Employer Benefit. Depending on the circumstances, this benefit can be taken as a lump sum, a pension, or a combination of both. This benefit may be reduced by an adjustment to recover any accrued surcharge debt. The amount paid to each eligible dependant is based on the type of eligible dependant (eg spouse, child, orphan) and the number of eligible dependants. No fees or charges are deducted from your account in providing this benefit to you.
Disability benefits
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. Please note: Any payment received will be subject to PAYG taxation.
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Your share in the fund

Withdrawals
Withdrawals in the financial year from your Preserved Member Benefit are shown here.
Employer Benefit (consisting of Productivity Benefit plus employer share)
This is the funded component of your Employer Benefit which is preserved in MilitarySuper. It represents the 3% contribution made by the Department of Defence (after tax and net investment earnings) while you were a Contributing Member.
Employer share
The Employer Share is the larger part of your benefit and is fully paid for by the Australian Government. Any preserved Employer Share is adjusted annually with the Consumer Price Index (CPI) - the rate applied for the 2007-2008 year was 4.2%. Your Employer Share is not impacted by investment returns.
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Ancillary benefits

Ancillary benefits
Ancillary contributions can only be made while a member of the Australian Defence Force. Ancillary Benefits include a range of voluntary contributions or transfers that you made to MilitarySuper for yourself or on behalf of your spouse. There are six types of Ancillary Contributions offered by MilitarySuper. These are: Government Co-contributions, Salary Sacrifice, Transfer In Amounts, Spouse Contributions, Additional Personal Contributions and Super Guarantee. For more information, please refer to the Product Disclosure Statement.

You will receive separate advice from MilitarySuper detailing the amount of Spouse Contributions that you have made. Please present this advice to the Australian Taxation Office to claim any possible rebate in conjunction with your taxation return.

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Member benefit balance summary

Investment option
You can choose from five investment strategies for the investment of any Preserved Member Benefit.
Balance
The value of any Preserved Member, Productivity and Ancillary Benefits are determined by multiplying your total number of units by the unit price.
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Productivity benefit balance summary

Unit Price
You can look up the latest unit prices
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Ancillary benefit balance summary

Ancillary benefit balance summary
For current MilitarySuper Members, Ancillary Contributions (other than Spouse Contributions) are invested in the same strategy or combination of strategies as your compulsory Member Contributions.

If no choice is made, Ancillary Contributions are invested in the default Growth strategy.

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Total balance summary

Unrestricted non-preserved benefit
The Unrestricted Non-preserved Component of your benefit is comprised of your pre-1 July 1999 Member Benefit (if any), together with any amounts you transferred into the fund as Unrestricted Non-preserved, which may be cashed at any time.
Restricted non-preserved benefit
The Restricted Non-preserved Component of your benefit is comprised of your pre-1 July 1999 Member Benefit (if any). The Restricted Non-preserved Benefits must remain in MilitarySuper until you discharge. Once you have discharged, your pre-1 July 1999 Member Benefit becomes Unrestricted Non-preserved.
Preserved benefit
The Preserved Component of your benefit is comprised of your Employer Benefit, post 30 June 1999 Member Benefit and Ancillary Benefits. These benefits must remain preserved in the superannuation environment (with the Employer Benefit remaining in MilitarySuper) until you reach your preservation age and retire from the workforce, or you are able to satisfy another condition of release.
Total
This is your Total Benefit and includes Ancillary Benefits (if any).
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Superannuation surcharge

Surcharge debt at 30/06/08
This is your total Surcharge Debt, as reported at 30 June 2008. Any Surcharge Debt can be paid in part or full progressively during your period of membership. Any surcharge debt amount outstanding at the time benefits are claimed will be recovered at that time.

Any Surcharge Debt amount remaining at the end of a financial year will be charged interest at the 10-year Treasury bond rate of 6.45%. See the Superannuation Contributions Surcharge (PDF 372K ) Fact Sheet for more information.

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Transaction summary

Transaction summary
Your Member Contributions, along with your Employer Funded Productivity contributions, are 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 contributions made and any variation in your investment strategy. Ancillary transactions are also listed here.