SUPER TRANSITION
Optimal super outcomes do not happen by accident, there are steps to take and informed decisions you must make.
{Employer Name} 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 which is cheaper in costs and superior in functionality.
AXIS Financial Group has been engaged to facilitate the transition from {Existing Provider} to {Preferred Platform} and offer additional service and advice to help every employee better manage their super benefit.
SuperWiser is the online portal that AXIS use to deliver all of this.
COMMON MISTAKES
The most common super mistake is for individuals to remain unconscious of the various super optimisation strategies that are available to them.
To successfully manage super, you must understand how it works and make informed strategic decisions.
Rich people do not become wealthy by remaining unconscious. They consciously decide to manage their assets through various wealth creation strategies, with super being one of them. While most people may not fall into the rich demographic, it does not mean they should not engage with strategies to create more wealth for themselves, be it saving some money, buying a house, or effectively managing super.
Younger people mistakenly ignore their super and miss opportunities to manage it effectively as a wealth creation asset. While older people are perhaps wiser, believing your existing strategy will always have the right balance between growth and defence is a mistake. Your super needs regular attention as retirement gets closer to avoid market shocks. Additionally, once you reach age 60, strategies such as Transition to Retirement potentially help you save on taxes and top up your super balance, so it is worth investigating.
OPTION TO TRANSITION
- Choose to transition your super balance with {Existing Provider} and all future contributions to {Preferred Platform}.
- Complete the {Standard Choice} form and return it to Payroll.
- Once you receive your new account number from {Preferred Platform}, complete the {Rollover} form.
- Email your completed {Rollover} form to yoursuper@superwiser.com.au or via post to:
AXIS Financial Group
PO Box 7259
Cloisters Square
Perth, WA 6000
IMPORTANT TO NOTE
- Transfer of your super balance with {Existing Provider} will not occur until {Preferred Platform} advises your new account number, which will happen on receipt of your first contribution.
- Your existing insurance with {Existing Provider} will remain in force until the transfer of your super balance to {Preferred Platform}, 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 {Existing Provider} to {Preferred Platform} is complete. You will receive more information about this at the appropriate time.
- If you have questions, contact AXIS on 1800 467 467 or email yoursuper@superwiser.com.au
OPTION TO OPT OUT
- Choose to opt out of transitioning over to the new employer default plan.
- Complete a {Standard Choice} form nominating your personal choice of product and return it to Payroll by {Opt Out Date}.
IMPORTANT TO NOTE
- If you do not opt-out (by submitting a Standard Choice form by {Opt Out Date}, you will automatically be set up with a new super account with {Preferred Platform} with all future contributions paid there.
- {Employer Name} encourages you to make an informed choice. If you have questions, contact AXIS 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 will only take a minute.
Alternatively, you can email {Employer Name} at {Payroll Email Address}, and they can pass on your request for more information to us.