ANZ Smart Choice Super
What ANZ Superannuation offers
The inclusions below represent a selection of what is covered. Additional conditions may apply to different features. CANSTAR is not making any suggestion or recommendation to you about this product. Please ensure that you read the product disclosure statement to determine all the current policy options and inclusions for the product you are considering.
ANZ Smart Choice Super
- Unlimited free investment switches.
- Life insurance, TPD insurance, and income protection cover available within super.
- Online access to account details.
- Financial advice available.
How to join ANZ Superannuation
You can sign up for an ANZ super account online by clicking on ANZ Smart Choice Super in the CANSTAR superannuation comparison tables, or by applying through the ANZ website. ANZ says it only takes 5 minutes to apply online.
If you’d rather talk through the process before signing up, contact ANZ’s superannuation enquiries team:
Keep our tips in mind for how to choose a super fund, and always read the product disclosure statement (PDS) before you sign up for any superannuation product.
Remember to consider consolidating all of your super savings into one account. Find out how to find your lost super and how to consolidate your super. Before consolidating, check what insurances you have with each fund. Moving super from one fund to another could mean you lose some insurances, some of which you might not have known about but could really find handy if something were to happen to you.
Finally, tell your employer that you’ve joined ANZ Superannuation. Your employer will give you a choice of super fund form that you will need to sign and return to them.
How do the fees on ANZ Superannuation compare to other funds?
You can compare ANZ’s fees to other super fund fees on our database.
How can I track the growth of my ANZ Superannuation account?
Members can track and manage the growth of their super balance on their smartphone or tablet with the ANZ app. Members can also view their ANZ super balance online or in their annual statement.
What should I check on my ANZ Superannuation statement?
Be sure to check these 9 things on your superannuation statement:
- Personal details are up-to-date
- Nominated beneficiaries are up-to-date
- Tax File Number (TFN) is recorded
- Super contributions from employer and/or your voluntary contributions are correct
- Investment asset class choices are appropriate for your life stage
- Amount paid in fees
- Insurance still adequate
- Super is consolidated, after checking whether there is insurance or any other benefits attached to the account you may lose and you’re comfortable to do so
- The big picture – are you happy with your super fund overall?
When can I access my ANZ Superannuation?
You can access your super at age 65, but it could be earlier at what’s known as your preservation age, which can be from 55 years up to 60 years depending on what year you were born. To access your super, typically you need to have permanently decided to stop working, or have left an employer after turning 60. Earlier access to your super is possible in certain circumstances, such as:
- If your home is being repossessed
- Cases of severe financial hardship
- On compassionate grounds if you or your dependant is diagnosed with a terminal illness needing palliative care, or if you are temporarily or permanently unable to work or need to work less hours due to a physical or mental medical condition, or if you are disabled and need to modify your home or car to meet your needs, or if you need help to pay for the funeral expenses of a dependant
- If your super balance is less than $200
Can I get the Age Pension as well as ANZ Superannuation?
You may be able to receive a full or part-pension from Centrelink depending on your level of assets (including super and account-based pension balance) and income (including from any account-based pension you may have and how much income your super is assumed to be able to pay you).Find out how the Age Pension works and how much you can receive in super before your pension is affected.
ANZ has a long history, founded in 1835 in London and Sydney as the Bank of Australasia and moving into Melbourne in 1838. As one of the Big 4 Banks in Australia, ANZ is the largest banking group in the Pacific and New Zealand region, and is ranked among the top 50 banks in the world.
ANZ’s recent #equalfuture campaign for equal superannuation and pay for women is absolutely brilliant. In the Behind the Scenes video, the child actors discuss their thoughts on the gender pay gap and why women should have as much super as men:
Everyone can benefit from the Money Minded Monday series of handy hints videos on ANZ’s YouTube channel. These were created as part of ANZ’s free, online MoneyMinded education course, which has been used by more than 420,000 people as of 2016.
ANZ supports the community by focussing on Giving, Investing, Volunteering, and Emergency Relief. ANZ funds worthy causes with community grants distributed through the ANZ Staff Foundation, ANZ New Zealand Staff Foundation, and Seeds of Renewal in rural and regional Australia. When it comes to promoting gender equality in the community, ANZ’s ratio of 41.5% management positions being women is impressive compared to the national average of 37.4% in the 2016 Workplace Gender Equality Scorecard.
ANZ protects the environment through responsible business lending, climate change prevention, sustainable sourcing, and educating their overseas corporate customers and partners about sustainable business practices. Sustainability highlights in 2016 included funding $2.5 billion in low carbon and sustainable energy solutions, 17% reduction in greenhouse gas emissions in Australia, and reducing paper usage by 22% since 2013.