Super News – Employer Edition – Issue #2 2018

Welcome to the latest edition of Super News for our employers. In this edition we look at some exciting new changes for the Fund, including our new alliance with Russell Investments, provide an update on Single Touch Payroll, details of the financial advice service available for members, and the basics around how super is taxed. Click here to download a PDF version.

Exciting Changes for Nationwide Super are Coming Soon

The Trustee of Nationwide Super has announced that the Fund has entered an alliance with Russell Investments for the ongoing benefit of members and our supporting employers. Set to take place at the end of November 2018, this article provides some current details about the transfer.

About Russell Investments

A brief overview of Russell Investments and the size, security and experience they are bringing to the new alliance with Nationwide Super.

Single Touch Payroll Update

The Single Touch Payroll scheme came into effect for businesses with 20 or more employees on 1 July 2018. We’ve provided a brief update on the scheme and what smaller businesses may need to do to prepare for their switch to STP in 2019.

How Super is Taxed

Usually, super savings are taxed at three key points: when it goes into a super fund (through contributions); while it is in the fund (your investment earnings); and when you make a withdrawal (your super benefits). Super is generally subject to different tax rules to make it an attractive investment option for your retirement savings.

Financial Advice Is Just A Phone Call Away

More and more members are looking to Nationwide Super for help with their individual super savings needs and broader financial goals – so we’ve called in the experts from Link Advice. See how a Super Adviser could help our members today, with the convenience of over-the-phone support.

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.