MARF’s goal is to provide a simple yet effective super fund, designed to be able to meet your needs over the different stages of life. The table below summarises the key features and benefits of the fund.
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Managed Australian Retirement Fund
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Employer Sponsored & Individual Super
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Pensions
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Minimums
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Initial investment
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No minimum
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$20,000
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Additional lump sum investment
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No minimum
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Not applicable
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Switch between investment options
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No minimum
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No minimum
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Withdrawal
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No minimum
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As prescribed by legislation
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Features
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Benefits
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The government provides generous tax concessions for you to save for your retirement using superannuation.
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The government provides generous tax concessions for you to draw an income stream from superannuation during your retirement.
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Investment choice
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4 Investment options to choose from
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4 Investment options to choose from
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Insurance cover
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· Automatic cover for all members;
· Transfer existing cover into MARF;
· Additional underwritten cover available:
- Death & Terminal Illness Only;
- Death, Terminal Illness & TPD
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Not available
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Death benefit nomination options
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· Binding; or
· Non-binding
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· Reversionary pension; or
· Binding; or
· Non-binding
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Government co-contributions
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Yes
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Not applicable
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Spouse contributions
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Yes
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Not applicable
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Contributions splitting
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Yes
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Not applicable
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Reporting
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Welcome pack
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Yes
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Yes
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Confirmation of additional investments
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Yes
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Not applicable
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Periodic statements
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· Annual member statement
· Annual fund report
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· Annual member statement
· Annual fund report
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Additional statements
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Not applicable
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Where applicable:
· PAYG Payment Summary
· Annual Pension Payment Review
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Confirmation of withdrawal
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With each withdrawal
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With each commutation
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Risks
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There is a relationship between investment risk and investment return.
No guarantee of future performance can be given
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Management Costs
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Establishment fee
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Nil
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Nil
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Contributions fee
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Nil
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Nil
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Member fee
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Nil
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Nil
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Management fees*
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High Growth – 2.78%*
Balanced – 2.81%*
Conservative – 2.59%*
Australian Shares – 2.83%*
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Service Fees
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Investment switching fee
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Nil
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Nil
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Adviser service fee
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As agreed between you and your adviser
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As agreed between you and your adviser
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Family Law information fee
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$100
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$100
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Family Law split fee
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Nil
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Nil
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Withdrawal fee
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Nil
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Nil
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Termination fee
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Nil
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Nil
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Buy / sell spread
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Nil
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Nil
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* Management Costs are derived from the costs and expenses of the Fund identified in the financial statements prepared as at 30th June 2010.