WA Super News
Welcome to the Winter edition of Employer News for 2019
It’s nearly that special time of year again. Yes it’s coming up to 30 June when things get a little crazy busy! Besides the traditional end of year sales, you and your employees should be aware of the cut-off dates for super funds being able to accept employer and personal contributions for this financial year. You can check out these cut-off dates in our EOFY employer article.
Despite the volatility in the investment markets, you and your employees will be happy to know that the returns for our investment options have performed well. Our Global Shares option was the top performing International Share fund across its peer group over the 3-year period ending 31 March 2019 with a 14.23% pa return. You can read about this great news and the performance of our other options here and view our quarterly investment update.
The Protecting Your Super Package is a significant change affecting all super funds and their members that the Government introduced in February 2019. This new legislation affects all members and you can read more about the key changes here, but in summary the PYS package includes:
- changes to fees
- inactive low balance accounts being transferred to the Australian Tax Office (ATO); and
- cancelling insurance for inactive members.
These changes also mean we will be updating our PDS on 30 June 2019. We will write to all members in July informing them of these changes.
Last year we launched our pre-retirement seminar series which have been well attended by members and their partners. We are rolling out our post retirement seminars for members who are about to retire or have retired. We intend to launch our webinars in the future to reach members who cannot get to us, but if you would like us to come to you then please let us know.
I would love to hear from you and what else you need from us to help you or your employees reach their retirement dream. Please drop me a line at email@example.com and have a great EOFY!
WA Super CEO