Superannuation FAQs

ANZ Smart Choice Super and Pension provides you with a smart and simple way to connect with your super, for the following reasons:

• Provides you with super that you can see and track within ANZ Internet Banking and ANZ goMoney^TM.
• Provides flexibility of two investment types ("We Select"/"Self Select"); the first option automatically adjusts for you as you move towards and into retirement.
• It’s super that's easily transferable from job to job it suits your stage of life rather than just satisfying your employer's needs.
• It features an easy-to-use super round up tool (to consolidate your other funds) or this can be done for you.
• It features automatic insurance coverage (Death Insurance), subject to eligibility unless you opt out. You can also double your level of cover.
• It’s one flexible account for life - while you're working (ANZ Smart Choice Super); approaching retirement (ANZ Smart Choice Transition to Retirement); and in retirement (ANZ Smart Choice Pension).
• Its fees are simple and competitive – there’s nothing hidden and there are no commissions.

Opening an account is simple contact Customer Services on 13 12 87 or complete the online form.

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.

The fees you pay are low and simple to understand – nothing hidden, no exit fees and no commissions to financial advisers.

• Administration Fee:  $50 per annum.
• Investment Management Fee:  0.50% per annum, on the balance.

Note:The Investment Management Fee for ANZ Smart Choice Cash is nil.

ANZ Smart Choice provides you with a choice of two investment categories:

"We Select"

• An investment solution that is appropriate to your age, which automatically adjusts your investment exposure (to become more conservative) as you move towards and into retirement. 
• An active asset allocation process may be utilised to increase or decrease your exposure to relevant asset classes within permitted ranges. This process is designed to optimise your investment performance by adjusting allocations to markets/asset classes which we believe will perform strongly or poorly in the future. 
• The exposure to a broad range of asset classes is designed to diversify investment risk.
• To see how “We Select” changes over time, view How We Select works.

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 &quotWe Select&quot investment options are available:

• ANZ Smart Choice Super 1940s
• ANZ Smart Choice Super 1950s
• ANZ Smart Choice Super 1960s
• ANZ Smart Choice Super 1970s
• ANZ Smart Choice Super 1980s
• ANZ Smart Choice Super 1990s

For ANZ Smart Choice Pension the following &quotWe Select&quot investment options are available:

• ANZ Smart Choice Pension 1940s
• ANZ Smart Choice Pension 1950s

You cannot invest into a combination of &quotWe Select&quot and &quotSelf Select&quot except for ANZ Smart Choice - Cash, which can be held in both “We Select” and “Self Select” .

&quotSelf Select&quot

• A range of carefully selected investment options from which you can choose your own investment mix. 
• You can choose to invest in as many or as few options as you like.

Diversified:

• ANZ Smart Choice – Conservative
• ANZ Smart Choice – Moderate
• ANZ Smart Choice – Growth

Sector-Specific:

• ANZ Smart Choice – Australian Equities
• ANZ Smart Choice – International Equities
• ANZ Smart Choice – Global Property
• ANZ Smart Choice – Global Fixed Interest
• ANZ Smart Choice – Cash

Find out more about Self Select

The great thing about including insurance in ANZ Smart Choice is that there are no extra forms to fill out.

ANZ Smart Choice Super

• You automatically receive Death Insurance cover (subject to eligibility) unless you opt out. You can also double your cover when you open your account or at any time by contacting us. Your cover and premiums are based on your age, gender and smoker/non smoker status.
• You can enhance your insurance by adding Total and Permanent Disability (TPD) at any time after your account is open. You can also double your TPD cover. TPD insurance is subject to eligibility.

ANZ Smart Choice Pension

• You automatically receive Death Insurance cover (subject to eligibility) unless you opt out. You can also double your cover when you open your account or at any time by contacting us. Your cover and premiums are based on your age, gender and smoker/non smoker status.
• You can cancel or change your insurance at any time by contacting Customer Services on 13 12 87.

A pre-existing medical condition (PEC) is an injury, illness, condition or related symptom:

• That you (or a reasonable person in your position) were aware of, or should have been aware of, or
• For which you had, or were intending to have, a ‘medical consultation’, or
• For which a reasonable person in your circumstances would have had a ‘medical condition’.

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).

 Simply call 13 12 87 or complete the online forms:

• ANZ Smart Choice Super
• ANZ Smart Choice Transition to Retirement
• ANZ Smart Choice Pension

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.

To boost your super contributions you can use the following methods:

BPay

Biller code	Contribution type
169078	Superannuation Guarantee (employer contribution)
169086	Salary Sacrifice
169094	Employer Additional
169060	Member Voluntary (after tax)
169102	Spouse Contribution

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.

Contribution code	Contribution type
SG	Superannuation Guarantee (employer contribution)
SS	Salary Sacrifice
EA	Employer Additional
MV	Member Voluntary (after tax)
SP	Spouse Contribution

For all other contributions that are not covered in the above tables please contact Customer Services on 13 12 87.

You can use any combination of the following sources of funds to start an ANZ Smart Choice Pension or Transition to Retirement account:

• Money in your ANZ Smart Choice Super account.
• Other super funds you hold.
• Personal contributions*.

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.

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.

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.

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:

• Your previous employers for information on the fund to which they paid your contributions.
• The ATO for a full list of all the super accounts in your name. (Phone 13 10 20).

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.

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.