Zurich Superannuation Plan
Choose the right superannuation fund
The choices you make today about your superannuation fund will affect your retirement. Zurich’s superannuation funds are a convenient way to save for your retirement.
Flexible superannuation funds
The Zurich Superannuation Plan (‘ZSP’) is designed to provide you with benefits for your retirement. ZSP is a flexible plan because of the wide scope members have with regard to the level of contribution, the type of contribution, insurance options and investment choices.
With a range of investment choices, the Zurich Superannuation Plan has an investment solution that will meet your needs; everything from cash options through to Australian and Global Thematic share options.
Read more information on Performance and performance benchmarks.
The Zurich Superannuation Plan is a superannuation fund that offers a wide range of contributions levels, types of contributions, insurance options, as well as investment choices.
|Competitive fees and charges||Typically, portfolio management charges (or “administration” fees) are based on a tiered structure, where different fees apply to different portions of an account balance above specified thresholds. However, both the Zurich Superannuation Plan and Zurich Account Based Pension administration fees are based on a stepped structure, whereby a single fee is determined by, and then applied to, the entire account balance for ZSP, or the adjusted investment amount for ZABP.|
|Extensive superannuation funds investments choices||The Zurich Superannuation Plan offers a choice of investment options to create an overall investment portfolio that suits your personal needs and goals.
Members are able to select from a range of professionally constructed options that combine the expertise of a number of strategic investment managers who are recognised as being amongst the best in their area of expertise. By combining these specialist investment managers with Zurich’s excellence in customer service, we are able to offer an exclusive range of investments to Australian investors.
If you'd like further information on how Zurich manages money, you can download an overview of our strategic investment partners (new window).
|Flexible payment options||
|Types of superannuation funds contributions||
|Contribution flexibility||There is no minimum additional contribution required once you have made your initial investment|
|Minimum initial investment||Regular: $150 per month
Lump sum: $2,500
|Minimum withdrawal||No minimum withdrawal|
|Minimum balance per investment option||No minimum balance|
|Additional insurance benefits can be added||At Zurich, we believe it is important to provide insurance products that are supported by quality definitions and a comprehensive range of included and optional benefits. As such, ZSP offers a range of competitive and affordable choices in insurance cover, and premiums are deducted automatically from the member’s account each month.
The range of ZSP Optional Protection Benefits that can be structured to meet your individual needs include Death cover, Total and Permanent Disablement (TPD) cover, and Income Replacement.
|Binding nominations on your death||Members are able to make binding nominations confidently and easily. We have designed the nomination process to ensure that the benefits are generally distributed in accordance with your wishes where you have provided us with a Binding Death Nomination, with the flexibility of choosing specific named beneficiaries or categories of beneficiaries. Benefits can be paid as a lump sum, account-based pension, or a combination of both.|
|Online access for members||For direct access to information about your investments and superannuation, register now or login to My Zurich (new window).|
Summary of fees
|Fees & charges *|
|Entry Fee||Not applicable|
|Exit Fee||Not applicable|
|Portfolio Management Charge^
on account balance
|Less than $99,999||0.85% p.a.|
|$100,000 - $249,999||0.75% p.a.|
|Investment Management Fee||From 0.01% p.a. to 1.87% p.a. depending on the investment option|
|Adviser ongoing remuneration||Not built into fees on plan#|
* These are the actual fees payable after the taxation deduction benefit has been applied that Zurich passes on to the client in the form of a reduced fee.
^ The Portfolio Management Charge (ie Administration Fee) is based on total account balance and is subject to a minimum fee of $21.56 per month (effective 1 April 2016).
# In addition to the fees and costs charged by Zurich, you can agree with your financial adviser to have adviser service fees (known as Member Advice Fees) paid directly from your account. For further information on adviser service fees, please refer to the ZSP/ZABP Fee Guide.
How to apply
To apply for this product you need to complete and submit the relevant application form attached to a current Product Disclosure Statement together with your initial investment.
Applications can generally only be accepted through your financial adviser.
Given the importance of choosing the right product to suit your individual financial needs and objectives, we recommend you seek specialised financial and taxation advice whether you are a new or existing investor.
Find a financial adviser
If you would like assistance in contacting a financial adviser, please contact us:
Zurich Client Service Centre
Phone: 131 551
You can read further information on choosing the right financial adviser in your local area to discuss your superannuation strategies.
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Issue date 1 January 2016
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21 December 2015
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1 January 2016
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Information Booklet including policy conditions - 1 January 2016
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1 January 2016
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For over 30 years, Zurich Australia's investment business has been providing specialist solutions to advisers and their clients. The investment business is able to draw on its global strength and scale to provide innovative investment solutions and exceptional service.
Binding death benefit nominations - enhanced certainty for members
While we all dream of retirement and look forward to the time when we can reap the rewards of a lifetime of hard work, it is important that you plan ahead to ensure your superannuation benefit will be distributed in accordance with your wishes if you die.
As a member of the Zurich Master Superannuation Fund, you can choose whether or not to make a binding death benefit nomination. If you have a valid binding death benefit nomination in place at the time of your death, the trustee will pay your death benefit to your nominated beneficiaries in the proportions you specify.
Why should you consider making a binding death benefit nomination?
The main reason for making a binding death benefit nomination is for certainty. It enables you to nominate exactly who gets your super. This will result in more efficient estate planning and can prevent disputes over your death benefits.
What happens if I don’t have a valid binding death benefit nomination?
You are under no obligation to make a binding death benefit nomination.
Where there is no valid binding death benefit nomination, the Trustee must pay the death benefit (or applicable proportion) in accordance with the trust deed. This generally means that the benefit will be paid to your Legal Personal Representative, unless the Trustee:
- is unable to identify your Legal Personal Representative within 6 months of the Trustee being notified of your death; or
- has reason to believe your estate is insolvent
If either of the above apply, benefits are instead paid to your spouse or, if none, children in equal shares (where there are more than one). For example, if you have no spouse and two children, both children would receive 50 per cent.
Making a Binding Death Benefit nomination
To make a Binding Death Benefit nomination, you will need to complete the “Binding Death Benefit Nomination” section in the application form attached to the Product Disclosure Statement, or in the form attached to the brochure “Zurich Binding Death Benefit Nomination”.
Seek professional advice
There may be taxation or other implications to consider. We recommend that you seek professional advice on any potential impact. If you would like assistance, click on the links below:
- Find a financial adviser
- Contact Zurich Customer Care on 131 551 (8.30am-7.00pm AEST, Monday to Thursday; 8.30am-5.30pm AEST, Friday)
- Email firstname.lastname@example.org.
Download and print a copy of the Zurich Binding Death Benefit Nomination brochure, which includes the application form.
Important note: These offers are only available to people receiving it (including electronically) within Australia. We cannot accept cash, print applications, or electronic applications signed, mailed or sent from outside Australia. Monies received must always be in Australian dollars.