What is AMIST Super?
AMIST Super is an industry fund originally established for employees of the meat industry to provide benefits for members of the Fund and their dependants. Now, anyone can join and participate in the benefits belonging to our industry fund. In fact, around 50% of our members do not work for a participating meat industry employer.
AMIST Super has 3 separate divisions:
- AMIST Super – Employer Sponsored Division
To be a member of this division, a participating employer must nominate you for membership so Superannuation Guarantee contributions can be made on your behalf. It is very easy for employers to sign up as an AMIST Super Employer – and places them under no obligation. As a member of this division, you automatically receive 2 units of Life Insurance with no medical questions asked. Costing just $3 pw, this insurance is paid out to your dependents if you die while a member of AMIST Super. You can always apply for more insurance if you wish, or cancel it if you don’t want the cover.
- AMIST Super Personal Division
This is for our self-employed members or for employees who work for a company that does not want to sign up as an AMIST Super Employer. It still offers all the same low-fees, investment options and services – but without the automatic 2 units of Life Insurance.. Members can apply for this insurance if they wish. If you are aged between 15 and 70 years, you can join this division by completing an application form which is attached to the Product Disclosure Statement
- AMIST Pension
If you are aged between 55 years and 70 years, you can join the AMIST Pension (If you are aged 70 years or over, you can remain a member as long as there is enough money in your pension account to make pension payments).
The AMIST Pension:
• Is an Account Based Pension for people aged 55 and over who have retired from the workforce;
• Can also be set up as a Transition to Retirement Pension for people aged between 55 and 65 years of age who are still employed but who can start to access their superannuation as a tax-friendly income. This is a strategy that can save a lot of tax and works well for many of our members.
AMIST Super – fund at a glance
- Industry Fund – profit-for-members, with no commissions to pay - all of our profits go to our members
- Portable – anyone can join, no matter where they work (and take us with them when they change jobs)
- Low Cost Administration – only $1.20 pw + 0.07% pa ... amongst the lowest in the country!
- Low Investment Fees – 0.23% (Secure Option), 0.49% (Capital Stable), 0.54% (Balanced Option), 0.58% (Growth Option) and 0.67% (High Growth Option)
- Life Insurance – automatic for members of a registered AMIST Super Employer {very easy to do, ask your employer to call us for information} and optional Life Insurance for AMIST Personal Division members
- Income Protection Insurance - optional income protection insurance covering up to 75% the member’s income for 2 years in the event of accident / illness
- Investment Choice – Secure, Capital Stable, Balanced, Growth and High Growth – or a mixture that suits
- Transparent – employers and members can call the AMIST Super Hotline for help or view their accounts online anytime
- Pension Option – your super invested the same way with the same low-fees but with tax-free earnings and paying you a tax-free income (tax-free income if you’re 60+)
- Member Services – worksite visits, seminars, newsletters, statements, the AMIST Super Hotline and the web site
- Award Winning - finalists in the 2010 Money magazine’s “Best of the Best” awards as amongst the lowest-cost Super Fund and lowest-cost Pension Fund and finalists in the 2009 Money magazine’s “Best of the Best” awards as amongst the best performing Balanced and Growth Investment Options.
Join Us!
As you can see, AMIST Super offers a low-cost, simple and straightforward super fund with lots of features and benefits.
To become a member of AMIST Super, please call our AMIST Super Hotline on 1800 808 614 8am-8pm EST or decide which division suits you, read the Product Disclosure Statement and send in your application form. It’s easy and we’re here to help.