Features and benefits of ANZ Smart Choice
|What are the benefits of ANZ Smart Choice Super and Pension?|
ANZ Smart Choice Super and Pension provides you with a smart and simple way to connect with your super, for the following reasons:
Opening an account is simple contact Customer Services on 13 12 87 or complete the online form.
|Do I need to be an ANZ customer to be eligible for ANZ Smart Choice?|
No. We can set up an ANZ Smart Choice account for you even if you are not currently an ANZ customer. To open an account simply phone Customer Services on 13 12 87 or open an account online.
|What are the fees on ANZ Smart Choice Super and Pension?|
The fees you pay are low and simple to understand – nothing hidden, no exit fees and no commissions to financial advisers.
Note:The Investment Management Fee for ANZ Smart Choice Cash is nil.
|What are the investment options in ANZ Smart Choice Super and Pension?|
ANZ Smart Choice provides you with a choice of two investment categories:
If you prefer not to make a choice, your money will automatically be invested into the appropriate “We Select” investment option based on the decade in which you were born.
For ANZ Smart Choice Super the following "We Select" investment options are available:
For ANZ Smart Choice Pension the following "We Select" investment options are available:
You cannot invest into a combination of "We Select" and "Self Select" except for ANZ Smart Choice - Cash, which can be held in both “We Select” and “Self Select” .
Find out more about Self Select
|What are the insurance options in ANZ Smart Choice Super and Pension?|
The great thing about including insurance in ANZ Smart Choice is that there are no extra forms to fill out.
ANZ Smart Choice Super
ANZ Smart Choice Pension
|What is a Pre-Existing Medical Condition?|
A pre-existing medical condition (PEC) is an injury, illness, condition or related symptom:
A PEC exclusion will apply to each and every benefit you apply for. For further information see the ANZ Smart Choice Super and Pension Additional Information Guide (PDF 788kB).
|How do I open an ANZ Smart Choice Super or Pension account?|
ANZ Smart Choice Super
|How do I tell my employer to contribute to my ANZ Smart Choice Super account?|
A Super Choice form with all the details pre-completed can be supplied. Simply sign it and hand it to your payroll department so they can start paying your compulsory super guarantee contributions into your ANZ Smart Choice Super account.
You’ll receive a Super Choice form in your Welcome Pack sent to you by mail once your account is open. If you need a new one, simply call Customer Services on 13 12 87.
|How do I make additional contributions to my ANZ Smart Choice Super account?|
To boost your super contributions you can use the following methods:
Reference Code: This is the combination of your ANZ Smart Choice BSB and account number. For example: the 6 digits of your BSB followed by the 9 digits of your account number.
Electronic Funds Transfer (EFT)
You, your spouse and your employer can make contributions from a bank account using the following details, which will be included in your Welcome Pack or via Customer Services on 13 12 87.
ANZ Smart Choice Pension and ANZ Smart Choice Transition to Retirement
|What funds can I use to start an ANZ Smart Choice Pension account?|
You can use any combination of the following sources of funds to start an ANZ Smart Choice Pension or Transition to Retirement account:
Your account will commence when all of the funds you nominated in your application are received.
*You will need to complete a personal tax deduction notice if you intend to claim a tax deduction on your personal contributions. Under superannuation law, ANZ Smart Choice Pension or ANZ Smart Choice Transition to Retirement is not permitted to accept personal tax deduction notices once you have commenced a pension or have withdrawn all of your benefits from your account.
|How can I receive an income from an ANZ Smart Choice Pension account?|
You can choose to receive income payments either monthly, quarterly, half yearly or annually.
All payments from your ANZ Smart Choice Pension account will be deposited into your nominated ANZ bank account.
|How does an ANZ Smart Choice Transition to Retirement account work?|
This account provides you with simple things to do today that could help boost your super before retirement in a tax efficient manner.
If you have reached preservation age and are still working, you can open an ANZ Smart Choice Transition to Retirement account, which provides you with an income stream. You can continue to contribute to an ANZ Smart Choice Super account whilst receiving your income stream, which may provide you with a tax saving.
An ANZ Smart Choice Transition to Retirement is subject to maximum and minimum annual withdrawal limits set by the Federal Government.
Superannuation and Retirement FAQs
|How do I find and consolidate my other super accounts?|
If you need assistance to consolidate all your other super accounts into your ANZ Smart Choice account to help avoid paying multiple fees you’ll find details of your other super funds on your previous annual statements, or you can contact either of the following:
Once you have all the details, use our easy-to-use online rollover tool or call Customer Services on 13 12 87 who can assist.
|How do I search for my lost super?|
You can search the Government’s lost super database online using your personal details (name, date of birth, and tax file number).
If you find any lost super and would like to transfer it into your ANZ Smart Choice Super account, use our easy-to-use online rollover tool or call Customer Services on 13 12 87 who can assist.
For more information, contact Customer Services on 13 12 87 weekdays between 8.30am and 6.30pm (AEST).
Before moving your super into your ANZ Smart Choice account, you will need to consider whether you will incur any withdrawal fees or other costs of moving from your other fund. You will also need to consider whether redirecting or moving your super from your current fund will affect any insurance cover or other benefits you have in your other fund. There may be certain circumstances when your employer is not required to accept your choice of superannuation fund form; for example, if you have exercised choice in the last 12 months.
Taxation law is complex and this information has been prepared as a guide only and does not represent taxation advice. Please see your tax adviser for independent taxation advice.
ANZ Smart Choice Super and Pension is a product offered by OnePath MasterFund (ABN 53 789 980 697, RSE R1001525) (Fund). When you invest in the products you become a member of the Fund. OnePath Custodians Pty Limited (ABN 12 008 508 496, AFSL 238346, RSE L0000673) is the Trustee of the Fund and is the issuer of the ANZ Smart Choice Super and Pension Product Disclosure Statement (PDS) (PDF 260kB) (including the ANZ Smart Choice Super and Pension Additional Information Guide (PDF 236kB)).
This information is of a general nature and has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of the information, having regard to your objectives, financial situation and needs. You should read the ANZ Financial Services Guide (PDF 103kB) and the ANZ Smart Choice Super and Pension Product Disclosure Statement (PDS) (PDF 260kB) available by visiting anz.com/smartchoice or call Customer Services on 13 12 87 before deciding to hold or acquire the product.
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