Important information
Account Activity
This important information relates to many member’s super accounts; their circumstances may be different from yours. If you are in doubt about whether or not a particular provision applies to you or if you simply would like further information, please contact us.
While all reasonable efforts have been made to ensure the information displayed here is accurate, the Trustee reserves the right to correct any error or omission.
The Account Activity section shows information relating to the following important account components:
- Alerts
- Contributions
- Initial Deposits (pensions)
- Payments
- Deductions and;
- Messages
The account activity stream may if applicable to your account show up to two years of your transaction history relating to these areas. For a more detailed listing relating to a specific activity type, you can either click on a specific icon or access sections via the internal navigation buttons.
Below is a summary of the information within each section of the activity stream, aimed at providing you with an understanding of each and how they relate to your account.
Alerts
Member alerts appear where there is information missing from your account that could help us to both serve you better and to ensure you are getting the most out of your account. Think of it like a profile builder, the information we prompt you for here will ensure your profile is as complete as possible. Alerts may not be displayed in real time, if you have any questions about a specific transaction or request, please contact us.
Contributions (Not applicable to Pension accounts)
Your employer makes contributions on your behalf to your super account. But these contributions alone may not be enough to help you sustain a comfortable lifestyle in retirement. You can boost your super through personal voluntary contributions and by consolidating any other super accounts you may have.
If you are not a pension member, you or your employer may make contributions to your super account. These contributions alone may not be enough to help you sustain a comfortable lifestyle in retirement. You may be able boost your super through personal voluntary contributions or by consolidating any other super accounts you may have. We suggest you contact a licensed financial advisor before making any final decisions.
We show you a breakdown of the contributions made to your account. Any contributions shown are before any tax has been deducted or allowances made for any available tax deduction (gross amounts).
If you received any Government Co-Contributions from the Australian Taxation Office these will be included in your Member Voluntary Post-Tax contributions.
Once we receive and validate your contributions, they are usually credited to your account within three business days (once we have received complete information from your employer).
Important note: Please be aware, any contributions banked within the few days prior to 30 June may not appear in your concessional contribution totals until your account is reconciled as part of the annual review process. Amounts are subject to change.
Annual Contribution Caps
Annual Contribution Caps applies to accumulation accounts; therefore, it is important to consider your personal circumstances before making additional contributions.
You are responsible for making sure you do not exceed your Annual Contributions Caps. The information displayed within your Account Activity and also on the Contribution caps page should not be relied on for monitoring contributions against your Annual Contribution Caps. For assistance, please contact us for your total year to date contributions and to find out if you're reaching your annual contribution cap.
Important note: You should be aware that if you contribute or others contribute on your behalf to super account outside of REI Super we won’t be able to provide you your total year to date contributions. We will only be able to advise you about your contributions to your account with us.
Contribution Splits
If you are eligible to undertake contribution splitting, you will be able to transfer eligible contributions to an account in the name of a spouse in a complying super fund.
Initial Deposit to your Income Account (if applicable)
If you have a pension account, your initial investment will display in this section.
If you selected more than one investment option at the time of commencing your pension, the initial deposit amount will show the amount initially invested for each chosen investment option.
Each time you transfer money into your Account Based Pension a new account will be opened in your name for the amount transferred. Each investment will give rise to a new and separate pension.
Important note: The amount shown in this section is gross of tax but net of fees (if any).
Deductions
Depending on the conditions relating to your member account, a number of taxes and fees may be payable on your super account. We will show you these fees and taxes in the Deductions section.
It is important to provide us with your Tax File Number; otherwise you may pay more tax than you have to. Check your Personal Details page to see whether you've provided your Tax File Number.
Any fees and insurance premiums shown are before any tax has been deducted or allowances made for any available tax deduction (gross amounts).
Any deductions shown may not reflect all of the conditions (and deductions) that may apply to your account. The information provided is an estimate only and may change as deductions are processed. This estimate may not include deductions that have not yet been processed. While all reasonable efforts have been made to ensure that the information in this estimate is correct, we reserve the right to correct any error or omission.
For full information on how fees and deductions are calculated, please refer to the Product Disclosure Statement (PDS).
Surcharge Details
Surcharge is an extra Government tax on super contributions for high income earners that applied for certain contributions made on or before 30 June 2005. It may also have applied if you hadn't supplied your tax file number.
Any figures shown above for 'contributions reported to the Australian Tax Office' are the information that has been sent to the Australian Taxation Office by us. These figures are used by the tax office to determine if surcharge tax is due. Any figures shown for 'surchargeable assessments' are the surcharge amounts received from the Australian Taxation Office. They represent the extra Government tax to be deducted from your super account balance. For details of your Surcharge Account balance as at the previous 30 June, please refer to your most recent benefit statement.
Messages
In the Messages section, you can view the status of requests received from you or on your behalf for your account. You can also view any correspondence we've sent you. Messages may not be displayed in real time, if you have any questions about a specific transaction or request, please contact us.