AMG Employer Sponsored Super is designed for employees who receive employer superannuation guarantee payments from their employer. AMG Employer Sponsored Super provides employers and employees flexibility and a variety of benefits and features.
Features and benefits include:
· Flexible choice of investment options - Not only do we have a wide range of investments in our 5 managed pools, 6 sector pools and 60 specialist investment managers, AMG offers its members the option to invest in direct shares.
· Competitive Fees - Unlike other super funds, we ensure that our fees are low and transparent. All our fees are outlined and explained in the PDS.
· Low cost insurance - Death, Death & TPD and Group Salary Continuance available.
· Member and Employer Online – Giving you access to your account 24 hours a day, 7 days a week.
· Personalised customer service – We don’t believe in call centres or computerised answering machines, when you call AMG Universal Super you will talk to one of our friendly staff.
Fees:
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Type of Fee
|
Fee
|
Amount
|
|
Fees and Other Costs
|
Establishment Fee
|
Nil
|
|
Withdrawal Fee
|
$50 per payment
|
|
Member Fee
|
$1.10 per week
|
|
Contribution Fee
|
Nil
|
|
Termination Fee
|
Nil
|
|
Other Management Costs
|
Administration Fee
(net of tax deductions)
|
0.54% pa of the first $250,000
0.46% pa of the next $250,000
0.31% pa in excess of $500,000
|
|
Expense Recovery Fee
|
0.25% pa up to $500,000
Nil for balances above $500,000
|
|
|
Underlying Investment Fees
|
The underlying investment managers of the Fund charge fees that vary between individual managers and investments. Please refer to the AMG Universal Super PDS for the underlying investment fees relating to your chosen option.
|
Service Fees:
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Type of Fee
|
Fee
|
Amount
|
|
Service Fee
|
Switching Fee
|
Nil (however a buy sell spread may apply)
|
|
Insurance Premiums
|
The cost will depend upon the amount and type of insurance you have applied for.
|
|
Adviser Service Fee
(Negotiable with your adviser or your employer’s adviser).
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Contribution Based
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0% to 5%
|
|
Asset Based
|
0% to 2%
|
|
Insurance commission on Alternative cover and Group Salary Continuance cover
|
16.5% of premium
|
This is a summary of the features and benefits of the AMG Employer Sponsored Super product. Please refer to the AMG Universal Super Product Disclosure Statement before making a decision about this product. We recommend you seek appropriately qualified financial advice.