Around September/October each year, Australian Food Super issues an annual Pension statement to every member. This statement records all of the activity that has occurred on your account during the previous financial year. It’s an opportunity for you to review how your investment has performed.
So how should you use this important document?
Check your information is correct.
The first thing you should do is make sure your name is spelt correctly and that your address is correct. Also, check whether you have given us your tax file number, email address and mobile phone number. If not, you can update this information using our member app or by calling us on 1800 808 614.
Have you nominated any beneficiaries?
You might want to check who you have nominated to receive your superannuation and any insurance benefits in the event of your death. Read our Death Benefit Claim Fact Sheet at www.ausfoodsuper.com.au/fact-sheets/ for more information, noting that we do not have binding nominations.
You can also change your beneficiary nomination using our member app or by calling us on 1800 808 614.
Fees and costs.
Your statement will also show you the fees you have been charged and what they are for. You can find out more about the fees and costs associated with super here.
Investment performance.
Another important feature of your statement is the information on your investments. Your statement shows the short- and long-term performance of our investment options as well as how much money you have invested and in which options.
If you would like to discuss how you are invested, just call our Member Hotline and ask to speak to one of our financial advisers.
