Self-manage your super
With Media Super’s new Direct Investment option*, you can enjoy the flexibility and control of self-managing your super, without the cost and time that may come with establishing and operating a traditional SMSF.
Depending on your current balance, you can invest up to 90% of your total account in the Direct Investment option. You can invest in a range of:
S&P/ASX 300 index shares
Shares are investments that represent part-ownership of a company. These securities make up approximately 80% of the Australian equity market, which means you have a selection of industries or companies to choose to invest in. You can invest your super in any of the 300 largest Australian companies that form the S&P/ASX 300 index, in any combination that you choose*.
Exchange-traded funds (ETFs)
These are funds that aim to provide the same returns as a particular index or benchmark by investing in a range of securities that make up that index or benchmark, from Australian shares to overseas shares, fixed interest to a commodity. Investing in ETFs can help reduce risks associated with individual companies, and allow investors to get involved with an entire index or industry with a single investment.
Term deposits are investment products from a bank, credit union or building society. Your super money is invested for a fixed term and you get a fixed rate of interest over that term, providing a less risky investment.
Want to know more?
If you would like to review your personal investment strategy, please contact your Media Super Financial Planner.**
* Please note certain limits and restrictions apply. Please read the Direct Investment Guide for details and how to get started.
** Media Super Financial Planners are representatives of Industry Fund Services Limited ABN 54 007 016 195 AFSL 232514.
News from Media Super
It’s been a very busy period for Media Super, with new investment options, improved communication and a greater focus on celebrating the achievements of the Media Super community.
- Establishment of mental health partnership
- Media Super joined the Industry Funds Forum Mental Health Foundation initiative, SuperFriend. SuperFriend is a national initiative aimed at improving the mental health and wellbeing of industry superannuation fund members, employers and staff. SuperFriend’s mission is to reduce the incidence of suicide and the impact of mental illness on individuals, employers, workplaces, friends and families. The Foundation’s role is to collaborate and partner with a range of organisations, including recognised mental health service providers, to facilitate the delivery of mental health information, initiatives, programs and referral pathways to assist industry fund members, employers and staff.
- Sustainable future shares option goes active
- Our Sustainable Future Shares option was adjusted and changed from a passive investment to an active one. Effectively this means the option’s underlying investment and performance are closely monitored and adjusted as market conditions change. The enhancement also saw changes to the option’s strategic asset allocation, and external investment managers.
- Amcor/Orora staff are welcomed to Media Super
- Working with Amcor to support its staff through the demerger of its Australian operations from Amcor and the creation of Orora, Media Super visited every Amcor workplace we were able to. We helped employees with the transition of their company super arrangement and welcomed a huge number of new members into the Media Super community. Amcor and Orora invest heavily in their staff’s health and overall wellbeing, and providing financial advice through Media Super Financial Planners* was another way both parties supported employees of the company. More and more staff from Amcor and Orora are following the endorsement of their colleagues and joining their industry super fund, Media Super.
- Half-yearly statements get a significant makeover
- Media Super sends member statements twice-yearly, typically in February and September. We have significantly redesigned both statements this year to make them clearer, simpler to understand and more in line with what members tell us they want to see, and how they want it to be presented. Our Annual Statements, lodged in conjunction with publication of this Annual Report and the online Yearbook, now show transactions in the same fashion as a bank statement. Familiar, clear and friendly – that’s what we’re all about.
- Super sorter power hour
- Established by the Association of Superannuation Funds in Australia (ASFA), Super Sorter Power Hour was a campaign that launched on International Women’s Day and urged all women to take 60 minutes out of their day to sort out their superannuation. With around 90 per cent of women retiring with inadequate savings to fund their retirement, the gender gap in retirement savings is a huge policy challenge for the nation. In February, around 80 senior business leaders from 14 organisations in Australia’s super sector, including two representatives from Media Super, came together in roundtable discussions to seek solutions to the gender inequality in earnings and super. A key outcome of the summit was to drive a public campaign to save the Low Income Super Contribution (LISC), more on this below.
- Mobile account access and website
- The Media Super website was enhanced for mobile and tablet browsers for the first time. With around 10% of our website visitors using a mobile device, we also enabled secure access to member accounts when viewing m.mediasuper.com.au on a mobile device.
- New option offers self-management of super investments
- We spent a lot of time this past financial year developing a new investment option and platform, Direct Investment. With Direct Investment, eligible Media Super members can self-manage their super investment through a range of shares on the ASX300, exchange-traded funds, and term deposits. Without the cost and time that may come with establishing and operating a traditional SMSF, Direct Investment is a fantastic way to take greater control of your super investment with Media Super and pick and choose how your super savings are invested.
- Federal Budget updates
- The 2014/15 Federal Budget confirmed a number of changes that had been airing in the media in the lead up, including an increase in the retirement age to 70 (from 2035) and changes to the indexing of the Age Pension. As previously announced by the Treasurer, the Pension age will rise to 70 from 2035. Other changes affecting pension increases and pension deeming rules were also declared to take effect in the coming years. There were no changes to the super tax concessions, though these will be reviewed by the Tax Inquiry later this year.
- Key changes to Age Pension
- As heralded, the Government raised the Pension Age to 70 from 2035. Current pensioners and older workers approaching retirement will NOT be affected by this change. From 1 July 2017, pension increases will be linked to inflation (CPI) rather than average weekly earnings. Over time, this will make superannuation savings even more critical. The Government has also announced a tightening of the Age Pension means test with a three-year freeze on all pension asset test and income test thresholds from 1 July 2017.
- Changes to seniors health card eligibility
- Non-taxable superannuation income will now be included from 1 January 2015 in the income test for new recipients of the Commonwealth Seniors Health Card.
- Superannuation on paid parental leave
- The Government has confirmed that the Paid Parental Leave (PPL) scheme will include superannuation, which many super funds, including Media Super, had been calling for. This is yet to be introduced into Parliament.
- #savethelisc: success!
- An outcome of the industry-wide summit on the gender gap in retirement savings, the #SAVETHELISC campaign was supported by many industry super funds and successfully lobbied for the Low Income Super Contribution (LISC) to be retained*. The LISC was originally earmarked for termination in the Coalition’s federal budget, but funds, industry bodies and old-fashioned people power saw the newly elected crossbench Senators unite to defeat the move in parliament. The LISC sees the 15% tax on super contributions effectively rebated to people earning $37,000 or below – most of whom are women and people in regional Australia. More than 14,000 people signed the online petition and wrote to parliamentarians.
Thank you for your support.
* The LISC has since been repealed, with the repeal date applying to concessional contributions made for the 2017-18 and later financial years.
- Changes in pension deeming rules
- An understated announcement from the Federal Budget was that income drawn from a Retirement Pension, such as Media Super pensions, would be included in calculations for the Age Pension, from 1 January 2015. Members approaching Age Pension eligibility age and intending to apply for it, need to both establish a Retirement Pension and be receiving the Age Pension before the end of 2014 in order to enjoy the same pension payment rates as are currently in place. Media Super is in the middle of a communications campaign encouraging all members who may be affected to talk with a Media Super Financial Planner* as soon as possible.If this is you or someone you know, call us now before it’s too late!
* Media Super Financial Planners are representatives of Industry Fund Services Limited ABN 54 007 016 195 AFSL 232514.