CUSCAL LIMITED SUPER TRANSITION

Optimal super outcomes do not happen by accident, there are steps to take and informed decisions you must make.

Cuscal Limited is undertaking an improvement in how they manage super as a remuneration benefit and have used their bargaining power to negotiate an improved super solution for employees with Colonial First State, which is cheaper in costs and superior in functionality.

Cuscal Limited encourages you to make an informed choice and has engaged SuperWiser (owned and operated by Super Simpler Pty Ltd) to offer service and advice to help every employee effectively manage their super benefit consistent with good wealth management practices. 

Every super product provider wants your business, and each promotes their brand using different marketing tactics. Since your super could become your most significant asset in retirement, it is essential to regularly review your current strategy against what is available in the market. This helps ensure you are not missing opportunities to grow your wealth more effectively.

COMMON MISTAKES

One of the most common mistakes people make with super is simply remaining unaware of the strategies available to optimise it.

To manage your super effectively, you need to understand how it works and make informed, strategic decisions. Wealth does not happen by accident. Successful individuals actively manage their assets using deliberate and strategic approaches. Whether it is consistent saving, property investment, or super optimisation, the key is taking action.

Younger people often overlook their super, missing valuable opportunities to manage it as a powerful wealth-building asset. While older individuals may be more mindful, assuming that your current strategy will always strike the right balance between growth and defence can be a costly mistake. As retirement approaches, your super needs regular attention to help guard against market shocks.

Once you reach age 60, strategies such as Transition to Retirement can potentially reduce your tax and boost your super balance, making it well worth exploring.

OPTION TO TRANSITION

  • Choose to have your future contributions paid into the new Cuscal Limited super plan with Colonial First State and transfer your super balance with your existing super provider.

  • Complete the Standard Choice form and return it to payroll@cuscal.com.au

  • Once you receive your new account number from Colonial First State, complete the Rollover form.
  • Email your completed Rollover form to yoursuper@superwiser.com.au or via post to: 

SuperWiser
PO Box 7259
Cloisters Square
Perth, WA 6000

IMPORTANT TO NOTE

  • Transfer of your super balance with your existing provider will not occur until Colonial First State advises your new account number, which will happen on receipt of your first contribution.

     

  • Your insurance with your existing super provider will remain in force until the transfer of your super balance to Colonial First State, at which point it will cease.

     

  • Access to limited advice at an affordable price to further optimise your super asset will become available once the transfer of your super balance from your existing provider to Colonial First State is complete. You will receive more information about this at the appropriate time.

     

  • If you want more information about the new super solution with Colonial First State or have questions, contact SuperWiser on 1800 467 467 or email yoursuper@superwiser.com.au

OPTION TO OPT OUT

  • Choose to do nothing and remain with your existing super provider.

  • No forms required.

  • Access to limited advice at an affordable price to further optimise your super asset is available via the SuperWiser client portal.

IMPORTANT TO NOTE

  • Cuscal Limited encourages you to make an informed choice. If you have questions, contact SuperWiser on 1800 467 467 or email yoursuper@superwiser.com.au 

MORE INFORMATION

Need more information?

Let us know your preferred method for further contact by completing a short survey. It only takes a minute. 

Alternatively, you can email Cuscal Limited at payroll@cuscal.com.au, and they can forward your request directly to us.