Universal Superannuation Scheme

The Universal Super Scheme is a regulated superannuation fund managed by MLC, who are part of the National Australia Bank Group of Companies.

All Australians need a superannuation account that will need to be maintained both during working life and retirement. MLC recognise that everybody has their own financial circumstances, and they have created a range of options to optimise superannuation income.

Universal Superannuation Scheme products

MLC MasterKey Super Fundamentals

This is the standard account, suitable for meeting the needs of the majority of working Australians. It is flexible, allowing you to move your account from employer to employer, whilst also providing the opportunity for you to choose from a range of investment options.

Your account is available online, which will assist you in tracking your contributions and making sure that you have not exceeded any of your contribution caps.

Additional options available are:

 

Investment Protection is also available, which:

  • Protects against negative market movement
  • Guarantees a set amount of income

 

When you are ready to transition to retirement, your account will move to MLC Masterkey Pension Fundamentals.

There is no minimum investment

MLC Wrap Super Solutions

This superannuation account aims to provide a higher return, and requires a minimum initial investment; this is either $3,000 or $20,000 depending on whether or not you have a Regular Investment Facility in place.

This portfolio is designed to be diversified across a number of investments, managed funds, term deposits and separately managed accounts. Assets are allocated across three investments, with target asset allocation as indicated below:

 

Investment                                            target asset allocation

NAB Professional Funds Account                      87%

Cash Account Income Fund                               12%

Bank account with NAB                                       1%

 

Additional options available are:

  • Life cover
  • Disability
  • Accidental death
  • Income protection

This product manages both your superannuation and pension, so no account movement is required when you are ready to transition to retirement.

MLC Masterkey Business Super

This corporate plan is designed for employers who would like to offer a plan exclusively to their employees. Death and Disability insurance are automatically included, and if you leave your employer you can transfer to MLC Masterkey Super Fundamentals.

Employees lucky enough to be included in this plan are eligible for MLC Member Rewards, and can also enrol family members in the plan. There is no minimum investment, and a number of portfolios are available for you to choose in order to manage your superannuation fund.

Your account is available online, which will assist you in tracking your contributions and making sure that you have not exceeded any of your contribution caps.

When you are ready to transition to retirement, your account will move to MLC Masterkey Pension Fundamentals.

Summary

The Universal Super Scheme caters for all australians, whether it be via a corporate employer plan or an individual plan; as well as managed plans, it also caters for those who like to actively involve themselves in an investment portfolio and the risks and rewards that this can bring.

Contact us now!