pension

Media Super – a top 10 performer

Throughout the first three months of the new financial year, the global economy continued to display positive signs and Media Super is off to a strong start for our members, with both our super and pension returns in the top 10 of Australian super funds.*

Our Balanced (MySuper) options – in which most members are invested – returned 1.99%^ for the financial year to 30 September 2017, well ahead of the average return of 1.57%.*

Investment strategy hits the right note with strong 2016-17 returns

Despite a year of global political and economic uncertainty, Media Super’s investment strategy delivered strong returns for members. Investment returns for both our super and pension (default) Balanced options finished in the top 15 Australian super funds.*

The financial year began with investors finding their feet in a post-Brexit global economy. Australian super funds were affected short-term but losses were recovered in the following months, as the immediate-term impacts were predominantly confined to the UK.

Strong returns continue through May

As the end of the financial year draws near, Media Super is continuing to deliver strong returns for our members, placing our super and pension returns in the first quartile of Australian super funds.*

Our Balanced (MySuper) option – in which most members are invested – returned 11.36%^ for the financial year to 31 May 2017, ahead of the median return of 10.31%.*

The pension Balanced investment option also continues to perform strongly, returning 12.31%^ for the financial year to 31 May 2017, ahead of the median return of 10.97%.**

Federal Budget 2017: what it may mean for your super and retirement

On Tuesday 9 May 2017, the Turnbull Government handed down the 2017-18 Federal Budget. Measures to tackle home affordability were a part of this year’s Federal Budget, with two of these measures directly involving superannuation, including a newly announced First Home Super Saver Scheme and a scheme to facilitate downsizing among older people. 

Subject to legislation, these measures have different starting dates, some are effective immediately or on 1 July 2017, and others in the years following.  Below is a summary of the key changes.

Media Super’s top 10 performance

After finishing in the top 10 super funds for 2016#, we’re continuing to deliver solid investment returns for our super and pension members this financial year. 

Media Super’s Balanced (MySuper) option – in which most members are invested – returned 9.60%^ for the financial year to 31 March 2017. This places the Balanced option’s returns ahead of the median return of 8.31%* and in the top five Balanced investment options of Australian super funds. 

Media super pension finishes top 10

In a period of political surprises and volatile investment markets, Media Super has delivered members a solid investment return for 2016. We plan to stay the course with our investment strategy through 2017.

Media Super’s Balanced option, in which most pension members are invested, returned 7.37%^ for the financial year to 31 December 2016, ahead of the median return of 5.87%.#

Our Balanced option returns place us in the top 10 Australian super funds for the financial year to date, and for the past 12 months.#

CHANGES TO THE AGE PENSION ASSET TEST

From 1 January 2017 changes to the Age Pension asset test threshold for both full and partial pensions will come into effect. The thresholds indicate the value of the assets you can own (excluding your home) before you lose your eligibility for the Age Pension.

The Government will increase the asset test threshold (which is the maximum assets a person can hold in addition to the family home) in order to qualify for a full aged pension. This means more people will be eligible to receive the full pension.

Federal Budget 2016 – what it may mean for your super & retirement

The Turnbull Government handed down the 2016-17 Federal Budget on Tuesday 3 May 2016. There were a number of key superannuation changes, making this a significant budget for superannuation. 

These measures have different starting dates, some are effective immediately, others next year and some retrospectively. The key changes are outlined below. Please download the Federal Budget 2016 fact sheet for further details. 

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