The balance of members’ accounts. This generally shows all employer contributions, member contributions, interest paid and deductions such as contribution tax, administration fees, costs and insurance premiums.
A fund member who is currently receiving contributions to their account.
Adjusted Taxable Income is generally the member's taxable income for the year, plus the value of any reportable fringe benefits, tax deductible contributions received and a portion of any employer termination payments received.
The fee charged by a fund against a member's account to cover administration costs. Prime Super charges a low flat fee, expressed as an amount per week, which can reduce when the member is no longer receiving employer contributions.
The superannuation money invested by Prime Super on behalf of members. Among other things, these may include shares, property, cash or bonds.
The Federal Government body responsible for regulation and monitoring of the insurance and superannuation industries.
Superannuation entitlements which are determined by a Federal or State industrial award. Occasionally these may provide extra entitlements to employees which are additional to the minimum requirement of the Superannuation Guarantee.
Contact your local representative
The advice contained on the Prime Super website does not take into account your particular objectives, needs or financial situation. Before making a decision regarding the acquisition or disposal of a financial product, you should assess whether the advice is appropriate to your objectives, needs or financial situation. You may wish to make this assessment yourself or seek the help of an adviser. Prime Super takes no responsibility for you acting on the information provided. Any decision that you make is at your own risk. Before acquiring a financial product you should obtain a Product Disclosure Statement (PDS) relating to that product and consider the contents of the PDS before making a decision about whether to acquire the product.
Issued by the Trustee: Prime Super Pty Ltd ABN 81 067 241 016 AFSL No. 219723 RSE Licence No. L0000277 Prime Super ABN 60 562 335 823; RN 1000276