Unique superannuation identifier
Every super fund has a unique superannuation identifier or USI that is used to identify the fund when paying or transferring into and out of members’ accounts. When you change jobs, and want to stay with your current superannuation fund, your employer will ask for your fund’s USI. Australian Retirement Trust can help you by emailing your new employer a pre-filled form that includes our USI and other details your employer will need to continue paying your super into your Australian Retirement Trust account.
Superannuation product identification number
Super funds also have a superannuation product identification numbers or SPIN that can also be used to identify the fund when paying or transferring into and out of members’ accounts. In many cases, a fund’s USI is used in place of a SPIN. Australian Retirement Trust can help you by emailing your new employer a pre-filled form that includes our USI and other details your employer will need to continue paying your super into your Australian Retirement Trust account.
Superannuation letter of compliance
A superannuation letter of compliance is also called a complying fund statement. It is used to provide details about your chosen super fund to your employer. When you change jobs, and want to stay with Australian Retirement Trust, we can help you by emailing your new employer a pre-filled form that includes our USI and other compliance details. If you have filled in the ATO’s standard choice form, your employer may ask for a letter of compliance. Australian Retirement Trust can also generate this for you.
Management expense ratio
Superannuation investment fees are sometimes called management expense ratios (MER). Australian Retirement Trust’s investment fees are charged as a percentage of your super balance. Australian Retirement Trust reports investment fees in two components: the base fee and the performance-related fee.
Administration fees
Superannuation fund administration fees cover the cost of operating the super fund and managing member accounts. Super funds can charge their members administration fees as a fixed amount per week, month or year, and/or as a percentage of the member’s balance. Australian Retirement Trust’s weekly administration fee is among the lowest you’ll find. You can see how we compare with other funds using the independent comparison tool AppleCheck.