News

Significant event notice

We recently sent a notice to all members which included changes to our investment options and the government’s super changes.

There are two things we need to update you on.

Investment options

Each investment option has an allowable range and a target range.

For the Stable investment option (super and pension) and the Capital Guarded investment option (pension only) we advised in our recent notice an allowable range for Cash of 10-30%. The allowable range for these options should have been 0-30%.

Government super changes 

From 1 July 2017 most people will be able to claim their after tax super contributions as a tax deduction.

In our recent notice we said that people aged 75 years and under could claim the tax deduction. It should have read 74 years and under. Further, people aged 65 to 74 need to also meet the ‘work test’ to be eligible for this tax deduction. 

If you have any questions about this update or the information in our recent notice please get in touch. You can reach us on 13 MINE (13 64 63), Monday to Friday, 8am to 6pm, or email help@mine.com.au