why consider switching to Virgin Super?
Their management fees are 50% less* than the retail super fund average, and they recently scored a 2010 Gold Rating for value from industry commentator SuperRatings.
plus they help super make sense.
Virgin Super has straight forward and easy to understand investment options, so you can choose whether you want them to do the hard work for you or you can take more control.
They also give you 24/7 online access - so you can manage your super on your own terms, whenever and however you like.
what's the deal?
- Rollover the balance from your current fund (or funds) to Virgin Super and get 1,000 Points for every $10,000 you move (capped at 10,000 Points).
- Receive an extra 1,000 Points by making Virgin Super your fund of choice at work (for your employer’s 9% contributions).
how to take up the offer.
Step 1: Join Virgin Super online and quote your Velocity Membership Number (it only takes 5 minutes).
Step 2: Once you receive your Virgin Super account details, complete the rollover process (they’ll give you a form to fill out).
Step 3: Then complete the Super Choice Form provided and plonk it on your manager’s desk to get the ball rolling on that additional 1,000 Points.
the legal stuff
You must supply your Velocity Membership Number in order to be eligible for this offer. This offer is valid until 5 October 2010, unless extended. You must be an Australian resident and over 18 years of age to be eligible for this offer. This offer is not available to existing Virgin Super members. Virgin Super must receive your rollover or 9% SG employer contribution within 6 months of the date you join Virgin Super. Points will be credited to your Velocity account up to 90 days after Virgin Super have received the rollover funds or 9% SG employer contribution funds. Points only apply to the first $100,000 you rollover, capped at 10,000 Velocity Points per person. The maximum Velocity Points you can earn is 11,000 Points. This offer is not redeemable for cash and is not transferable. Your old fund may charge you for leaving them, your insurance cover may cease and it may take 1 month or more to rollover your super to us. This info is of a general nature only and doesn’t take into account your personal financial situation and needs. Please read the PDS available at virginmoney.com.au.
Before consolidating super you should check to see if insurance or other benefits will be impacted or lost. Some funds may also charge withdrawal or exit fees. *Based on membership costs for a $50K account balance invested in the funds default or balanced investment option. Information sourced from an external provider SuperRatings Pty Ltd January 2010 and is based on a sample of funds from within the Super industry. Management fees only include investment, administration and membership fees. Figures supplied by SuperRatings Pty Ltd are Virgin Super ($502 p.a.) Retail Fund Average ($1,041 p.a.). Virgin Money has received permission from SuperRatings Pty Ltd to publish this information and does not endorse or accept responsibility for the accuracy or completeness of the information provided by SuperRatings Pty Ltd. You should not rely on these figures as a complete picture, as the actual fees applied to a person’s account will vary depending on a number of factors such as super fund, fee structure, transactions undertaken, account balance, tax treatment, contribution amount and timings.
Prepared by Virgin Money Financial Services Pty Ltd ABN 51 113 285 395 AFSL 286869 (VMFS or “we”) as Promoter for Virgin Super ABN 88 436 608 094. You should consider the Product Disclosure Statement issued by Trust Company Superannuation Services Limited ABN 49 006 421 638, AFSL 235153, RSE Lic. No.L0000635 as Trustee for Virgin Super ABN 88 436 608 094, which can be found on our website. Please note this information does not constitute personal financial product advice, and you may wish to consult your financial advisor before making a decision about whether Virgin Super fits your objectives, financial situation and needs.
