Super News – Member Edition – Issue 1 2018

Welcome to the latest edition of Super News for our members. In this edition we look at the upcoming changes we’re making to simplify the insurance claims process, update you on the government’s First Home Super Saver Scheme and Downsizing Contributions Measure, as well as the benefits of making additional super contributions and helping you find and consolidate your lost super accounts. Click here to download a PDF version.

Insurance Claims Made Simple

Simple is back. We’ll soon be launching a simple three-step digital solution that allows you to initiate and manage your claims online, from your desktop or tablet.

First Home Super Saver Scheme

The government’s First Home Super Saver Scheme is designed to make saving for the deposit on your first home a little easier, and commences from 1 July 2018.

Downsizing Contributions Into Super

Another government initiative, the ‘Contributing the proceeds of downsizing into superannuation’ measure, commences from 1 July 2018. Aimed at people 65 years and older, you can contribute the proceeds of selling your home without the usual restrictions.

Finding & Consolidating Super Accounts

According to the ATO, there’s $18 billion in lost and unclaimed super in Australia. We can help you find it and explain the upsides to keeping just one super account.

Making Extra Contributions to Super Has Rewards

We’re living longer, more active lives, and the cost of living will continue to rise, so it makes sense to ensure your nest-egg is as healthy as possible when it comes time to retire. We explain the benefits of making extra contributions to your super.

The information contained in this document is of a general nature only. It does not take into account your objectives, financial situation or needs. You should consider whether it is appropriate to your individual circumstances. Before you make any investment decisions, we suggest you obtain and read the relevant Nationwide Super Product Disclosure Statement, available at nationwidesuper.com.au, and/or seek licensed financial advice.

As at the time of compilation, the information contained in this document is correct, and any estimates, opinions, conclusions or recommendations are reasonably held or made. Subsequent events may mean that the information becomes out-of-date and so, to the maximum extent permitted by law, we disclaim all liability and responsibility for any direct or indirect loss or damage which may be suffered by any recipient through relying on anything contained in or omitted from this document.