OnePath Custodians Pty Limited (ABN 12 008 508 496, AFSL 238346, RSE L0000673) is the trustee of the OnePath MasterFund (ABN 53 789 980 697, RSE R1001525, SFN 292 916 944) (Fund) and issuer of the interests in “ANZ Smart Choice Super”, a suite of products consisting of ANZ Smart Choice Super, ANZ Smart Choice Super for employers and their employees and ANZ Smart Choice Super for QBE Management Services Pty Ltd and their employees. The issuer is a wholly owned subsidiary of Australia and New Zealand Banking Group Limited (ABN 11 005 357 522) (ANZ). ANZ is an authorised deposit taking institution (Bank) under the Banking Act 1959 (Cth). Although the issuer is owned by ANZ it is not a Bank. Except as described in the relevant Product Disclosure Statement (PDS), an investment with the issuer is not a deposit or other liability of ANZ or its related group companies and none of them stands behind or guarantees the issuer or the capital or performance of any investment. Such investment is subject to investment risk, including possible repayment delays and loss of income and principal invested. Returns can go up and down. Past performance is not indicative of future performance.
This information is subject to change. You should read the relevant Financial Services Guide (FSG), PDS, product and other updates (for open and closed products) available at onepath.com.au and consider whether the product is right for you before making a decision to acquire, or to continue to hold the product. Updated information will be available free of charge by calling Customer Services on 133 665.
Taxation law is complex and this information has been prepared as a guide only and does not represent tax advice. Please see your tax adviser for independent taxation advice.
The information on insurance cover is a summary only of the terms and conditions applying to the insurance cover. To the extent there is any inconsistency with the terms of the insurance cover provided by the insurer, the terms of the insurance policy will prevail.
The information provided is of a general nature and does not take into account your personal needs, financial circumstances or objectives. Before acting on this information, you should consider the appropriateness of the information, having regard to your needs, financial circumstances or objectives. The case studies used in this article are hypothetical and are not meant to illustrate the circumstances of any particular individual. Opinions expressed in this document are those of the authors only.
ANZ does not represent or guarantee that access to the ANZ Internet Banking or the ANZ App will be uninterrupted. Temporary service disruptions may occur. ANZ recommends that you read the ANZ App Terms and Conditions available at anz.com and consider if this service is appropriate to you prior to making a decision to acquire or use the ANZ App.
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This calculation assumes general wage inflation of 3.5%, an employer contribution rate of 9.5% and a balanced investment strategy with a return of 5.5% per annum. The investment returns includes an implicit allowance for investment management fees assumed to apply to each investment strategy. No allowance has been made for income from any other sources.Concessional contributions are assumed to be subject to tax at 30% in the super fund for individuals with income including concessional contributions over $300,000, and at 15% otherwise. For the purpose of this summary, no insurance premiums have been allowed for in the projected balance. It is assumed you will retire at the end of the financial year in which you reach your nominated retirement age. No allowance for potential eligibility for the Age Pension has been made. For the purposes of determining income tax and contribution caps, it is assumed that the projection is run on the first day of the financial year and that you are your current age for the entire financial year. It is assumed that you have provided your tax file number to your super fund. It is assumed your superannuation fund is a taxed accumulation fund.Back to top
If you are setting up a salary-sacrifice arrangement it is important to remember there are limits on the amount you can contribute. Most people can contribute up to $25,000 within each tax year (July – June), including their employer's 9.5 per cent super guarantee contribution. This is called the concessional contributions cap. For those closer to retirement the cap is higher. Check the ATO superannuation rates and thresholds for more information.Back to top