PMIF

Putting Members’ Interests First

No Insurance cover for accounts under $6,000 or if you’re under 25 years of age The Government has recently passed new legislation to ensure that superannuation members with low account balances are not paying premiums for insurance cover that may erode their retirement savings. In accordance with this new legislation, we will be required to automatically … Read more

Protecting Your Super – Low Account Balances

If you have an inactive superannuation account and a low balance, your account will be closed and transferred to the ATO from 18 September 2020. This is a requirement of the new ‘Protecting Your Super Package (PYS) legislation’.   How do I know if this affects me? If you have an account balance that is … Read more