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To join Prime Super:Step 1You need to fill in the appropriate forms in the Prime Super Product Disclosure Statement (PDS) Contributing Employers – Please complete Personal Members – Please complete the Personal member application Form and (if you would like to apply for insurance) the Insurance application and personal statement together with the Declaration of Health Forms. Step 2If you are an employee and have not completed an individual application, we need to accept a contribution on your behalf either directly from you or from your employer. Step 3If you would like to nominate a person or persons to receive your death benefit should you die while a member of the Fund please complete the Nomination of beneficiary Form. Step 4If you would like to consolidate your accounts with other superannuation funds into Prime Super please complete the Rollover your super form. Step 5
Consolidate your super accounts and minimise feesA survey of Prime Super members revealed that almost half have at least one superannuation account elsewhere. If you are one of these people it may be costing you money as you are likely to be paying at least two administration fees. By moving all your money into Prime Super you only pay one low ongoing fee. Prime Super charges no entry fees on money transferred from other superannuation accounts. And since Prime Super operates entirely for the benefit of its members, your superannuation and any transferred money won’t be reduced by agent’s fees or shareholders who take profits. To transfer any other money you have in superannuation into Prime Super is easy, just fill in the Rollover your super form (available from the Member Forms page) and return it to us. Alternatively, Email us or contact us on Freecall 1800 675 839 and we'll send you the form to complete. The completed and signed form allows us to contact your old superannuation fund and get them to transfer the money into your account with Prime Super. It’s easy! Beware of exit feesSome funds charge exit fees for people who are leaving or transferring from their superannuation fund. It is a good idea to consider the cost of the exit fees as well as the long-term cost of staying in the other fund. These costs include the cost of administration fees and asset management fees as well as their annual investment earnings and should be compared with Prime Super's equivalent benefits. Beware of loss of insurance benefitsYour existing fund might provide higher sums insured and insurance benefits not available in Prime Super. Be particularly aware of this if you are not in good health. After you have joinedWhen you become a member of Prime Super, we issue you with a client number and a membership card. Once you have a client number you and/or your employer can start to pay contributions into your account on your behalf. These contributions go into your account where they earn interest in a similar fashion to a bank account. If you change employers it is important to present your Prime Super membership card to your new employer. This will ensure your superannuation contributions continue to be paid into your personal Prime Super account. |