flexibility to mix and match your hospital and extras cover to suit your needs, further 5% discount off the already reduced corporate premiums, 100% back on certain claims for dental, optical, physiotherapy, chiropractic and podiatry*, immediate claims on extras^ - two and six months waiting periods waived for new members, no additional waiting periods for equivalent levels of cover when switching to HCF (excludes hearing aids), no excess for same day procedures on top hospital, a maximum of five Financial Planner Payments per financial year. Or use our online form to book a time for our Advice Team to call you. Deducted from your account at the end of each month or when you close your account. CBUS runs every 10-15 minutes, 7 days a week! The actual fee will be determined at the end of the financial year and published in your 30 June statement. From 1 February 2020 the percentage-based administration fee will no longer be included in the crediting rate and will instead be deducted directly from your account. Find out what these changes mean for you. the costs of investing your savings to earn strong long-term returns. See the SuperRatings website for, Apple and Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries. The figures shown are based on the net investment return for the Conservative Growth investment option for the 2016/17 financial year of 9.62% (after all fees and costs). The crediting rate is not reduced by the weekly administration fee, as this fee is deducted directly from your account.
This example is provided for illustration purposes only. Compare these fees to the average super fund fees on our database. The method to calculate a return target is prescribed by MySuper legislation, and is intended as a way to compare different MySuper funds. The costs are known as the ‘investment fee’. The SuperRatings’ Fundamentals Report* includes an overall assessment on our: Cbus MySuper - SuperRatings Fundamentals report (PDF), Cbus Industry Super - SuperRatings Fundamentals report (PDF), Cbus Sole Trader Super - SuperRatings Fundamentals report (PDF), Cbus Personal Super - SuperRatings Fundamentals report (PDF). Our wholly-owned property development company, Cbus Property, invests in property developments across Australia, creating jobs for the building, construction and allied industries.
Before making a decision regarding HCF products and services, you should read the relevant disclosure documents and any other terms and conditions. The information in this article is based on our understanding at the time of publishing. Annual limits apply. The higher the expected return target, the more often you would expect a year of negative returns. Cbus claims a tax deduction for administration costs each year which is used to reduce the Trustee operating cost. For example: Rather than showing your investment fees and Trustee operating costs together as an indirect cost ratio, these will now be shown separately as an investment fee and Trustee operating cost – see the fees for your membership category below for details. 1300 361 784Call us 8am-8pm(AEST/AEDT)Monday to Friday. The new rules won’t reduce the returns you receive from Cbus as there is no change to the fees you pay. Administration fee - Trustee operating cost. deducted from your investment earnings before these are applied to your account. The chart below shows what these changes would have meant for a member with $50,000 invested in the Growth (Cbus MySuper) investment option in the 2016/17 financial year. The current estimate for 2017/18 is 0.21% (gross of tax). It is not the Growth (Cbus MySuper) option’s investment objective. 0.19% of your account balance a year – up to a maximum of $1,000 a year 3. 0.19% ($1.90 for each $1,000 invested) And you’ll be charged $104 ($2.00 a week) regardless of your balance. Check the latest, This example is provided for illustration purposes only.
The return target is an estimate. There are specific fees and charges that apply when you invest in the Cbus Self Managed … COTA’s CBUS is the city’s free Downtown Circulator, traveling from the Brewery District through Downtown to the Short North and back again. The fund does not charge a buy-sell spread or an investment switching fee.Cbus Super's insurance offering allows eligible members to apply for up to $5 million of Death cover and up to $2 million of TPD cover. The information in this article is based on our understanding at the time of publishing.
Past performance is not a reliable indicator of future performance. Stay connected by managing your super and income stream online. They usually change from year to year and may be different for each investment option. © 2020 Cbus Super. Past performance is not a reliable indicator of future performance.
The investment fee varies for each investment option: Trustee operating cost of 0.15%* per year of your account balance. Tailor your investment options with a risk level that suits you, Maximise your super with strong, long-term performance, and competitive fees. All super funds are simply showing you behind the scenes expenses. Negative returns expected in 3 to 4 out of every 20 years. It doesn’t take into account your specific needs, so you should look at your own financial position, objectives and requirements before making any financial decisions. The figure is shown as an annual percentage earned over 1 year and as a rolling 10-year average. Prior to this, it was deducted from investments earnings when calculating the daily crediting rate. Any amount charged above this cap will be refunded to you.
EQUALS. Deducted from the investment returns before the crediting rate is applied to your account. As this figure is based on the mean, we expect to meet or exceed the 10-year rolling return target roughly 50% of the time. See the SuperRatings website for details of its ratings criteria. Apple and Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries. This information has been provided by Hospitals Contribution Fund of Australia Ltd ABN 68 000 026 746 AFSL 241414 (HCF) and is of a general nature only. The figures shown are based on the net investment return for the Growth (Cbus MySuper) investment option for the 2016/17 financial year of 11.85% (after all fees and costs). Funds are simply communicating more of the fees that already apply.
Read more about how you can choose to invest your superannuation with Cbus to make the most of your super for retirement. The fees usually change from year to year and are different for each investment option. The return target is the mean (average) estimate of return above the growth in the consumer price index (CPI). The information is correct and accurate as at 6 December 2016. * See eligibility criteria below.
When you invest in the Cbus Self Managed investment option, specific fees and charges apply.
The details around these changes are still under discussion, so we’ll update you when more is confirmed. The investment fee is taken into account in the daily calculation of crediting rates and therefore reflected in the returns allocated to your account through changes in the crediting rates. 3The percentage-based administration fee cap of $1,000 a year was introduced on 1 February 2020.
The investment fee includes fees paid to external and internal investment managers, custodians and asset consultants, transaction costs, property management related expenses and bank fees. 2 If your account balance for a product is less than $6,000 at the end of the financial year, the total combined amount of administration fees, investment fees and indirect costs charged to you is capped at 3% of your account balance. 0.08% per year of your account balance (capped to $640 per year), Trustee operating cost of 0.08%* per year of your account balance. Cbus offer a consolidation service for members who have super in other funds. This return calculation is different to the crediting rate used to allocate earnings to your account.
Some longer waiting periods and conditions apply. For a Financial Planner Payment to be authorised, you’ll need a minimum of $50,000 in your Cbus Super or Super Income Stream account. The information in this article is based on our understanding at the time of publishing. Our flexible insurance options will help keep you covered, for life and disability. You can use the dashboard to compare the Growth (Cbus MySuper) investment option with MySuper products offered by other funds. Administration fee 2: Account keeping fee of $2.00 per week. For more information on how to choose the right MySuper fund for you, go to the ASIC MoneySmart website. Below are the figures for our 1-year returns net of fees and taxes: This is a member with a $50,000 balance at the end of each financial year. The regulator has outlined further changes to fees planned for 2018. Cbus ABN 75 493 363 262. Other fees and costs apply depending on the choices you make, like paying for any insurance cover you have or other transactions you make. The return on prior years is the time-weighted rate of return on investments for the Growth (Cbus MySuper) option, minus investment, weekly administration and percentage-based administration fees, costs and taxes for a representative member. The chart below shows what these changes would have meant for a member with $50,000 invested in the Conservative Growth investment option in the 2016/17 financial year. © 2020 Cbus Super. The table below outlines how your fees will be shown from 30 September 2017. Average annual return^ over the last 36 years. Call our Cbus Advice Team on 1300 361 784. HCF's experienced health cover advisers can help you choose the right level of cover for your needs. But don’t worry, there’s no change to investment returns or what you pay. The costs to manage your Cbus investments, and how they impact your account, depend on the type of investment option you select. This is the sum of the administration fee (which consists of the percentage based administration fee of 0.19% per annum of your account balance - up to a maximum of $1,000 a year, plus the account keeping fee of $2.00 a week) and the investment fee (of 0.56% which is deducted from the investment earnings) for a member with a $50,000 balance. Check our operating hours for specific details. Check the latest Product Disclosure Statement for the most up to date fee information. Plus. The current estimate for 2017/18 is 0.09% (gross of tax) for the Transition to Retirement option and 0.08% (gross of tax) for the Fully Retired option. How can I combine my Cbus account with another Super fund? You can check how your investments have performed by exploring: * Since inception to 30 June 2017, the crediting rate is the return minus investment costs and taxes, the Trustee operating cost and reserves. Past performance may not be repeated.
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