Investment options
Maritime Super offers five market-linked investment options and also the Fixed Term Investment option, so that you can choose an investment strategy that suits your financial needs, objectives and circumstances.
It's up to you to decide how you’d like to invest your super – you can invest it all in one market-linked investment option or you can split your account between two or more investment options.
The market-linked investment options cover a range of risk and return profiles, each with varying proportions of growth and defensive assets.
Your market-linked investment options are:
In addition, the Fixed Term Investment option provides a fixed interest rate for a 12 month term but is not market-linked. Learn more about the Fixed Term Investment option.
Return for the market-linked investment options (net of fees and taxes) to 30 June 2011
| |
5 year
average % pa |
10 year
average % pa |
| Growth |
0.74% |
4.58% |
| Balanced |
2.41% |
4.13% |
| Conservative |
3.69% |
N/A |
| Cash Enhanced |
4.75% |
N/A |
| Cash |
N/A |
N/A |
Returns for the Fixed Term Investment option
The Fixed Term Investment option was first offered from 1 December 2010.
Returns for the 12-month term are negotiated at the start of the term. Rates offered to date have ranged between 5.14% and 5.40% (taxed) but this is not necessarily an indication of the future rates that will be available.
These returns are net of fees and taxes and apply to accumulation accounts. Different net rates of return apply to pension products (where investment earnings are not subject to tax) and certain employer-sponsored categories in the Seafarers division and Maritime Super division where the employer may meet the administration costs associated with Fund membership (i.e. SVITZER Australia, Inco Ships, ASP Ships Management,Teekay Shipping (Australia) and Trident LNG Shipping Services categories).
It is important to remember that superannuation is a long term investment and returns on the market-linked investment options may fluctuate in the short term. Past performance is not a reliable indicator of future performance.
More investment performance information
Choosing your investment options
You can allocate one or more of the market-linked investment options for your future contributions.
You can also choose to invest your super account balance in one market-linked option or you can split your super account between two or more investment options. It's up to you to decide how you'd like to invest your super.
If you choose to invest in the Fixed Term Investment option, you must invest a minimum of $20,000 up to a maximum of 80% of your account balance. To apply to invest in the Fixed Term Investment option you must complete the Fixed Term Investment Application form . Applications are able to be made for four quarterly investment dates (1 December, 1 March, 1 June, and 1 September).
If you don’t make an investment choice
If you don’t choose an option, the Growth option is the default option where your super will be invested (there are some exceptions).
Learn more about Maritime Super's default options
Changing your investment option
With long-term investments like superannuation, whilst it's wise to develop a strategy and stick to it, we also provide members with the flexibility to change their market-linked investment option(s) on a weekly basis.
You can also change from one of more of your market-linked investment options to the Fixed Term Investment option. During the 12 month term, however, you cannot switch the amount you have invested in this option to any of our market-linked investment options.
Learn more about weekly investment switching
Professional financial advice
Choosing the right investment option is important, so if you would like help working out the right option for your needs and goals, a financial planner can help.
Maritime Super can put you in touch with a qualified financial planner. Contact Member Services to arrange an appointment.
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The returns from 1 March 2009- 30 June reflect the Maritime Super rates of return. The returns prior to 1 March 2009 are based on the returns of the most closely corresponding Stevedoring Employees Retirement Fund (SERF) or Seafarers Retirement Fund (SRF) investment option for the period:
Growth - SERF Growth
Balanced - SRF Balanced
Conservative - SERF Capital Stable
Cash Enhanced - SERF Capital Protected
Cash - not offered before 1 January 2009
Fixed Term Investment - not offered before 1 December 2010
Each Maritime Super option has the same overall split between growth and defensive assets as its corresponding SERF or SRF option, and its asset mix is also closely aligned with the asset mix of the corresponding option. The SERF Capital Stable and Capital Protected options were not offered before 2003/04 and therefore 10-year average returns are not available. |