Australian Superannuation Glossary.Below is a list of Australian Superannution related terms and their meanings.
Active MemberA fund member who is currently receiving contributions to his/her account.
Adjusted Taxable IncomeAdjusted Taxable Income is generally the member's taxable income for the year, plus the value of any reportable fringe benefits, tax deductible contributions received and a portion of any employer termination payments received.
Administration feeThe fee charged by a fund against a member's account to cover administration costs. Australian Primary charges a low flat fee, expressed as an amount per week, which can reduce when the member is no longer receiving employer contributions.
AssetsThe superannuation money invested by Australian Primary on behalf of its members. Among other things, these may include shares, property, cash or bonds.
Contribution feeA fee charged by some funds as a percentage of all contributions received. Australian Primary doesn't charge any contribution fees at all.
The amount payable to a member's beneficiaries and/or dependants in the
event of the member's death.
DisabilityThe current policy defines Disability to mean "the member being unable by reason solely of illness or injury to attend to his or her occupation and provided the member is not otherwise gainfully employed or gainfully engaged in gainful business activity".
A fund member who is not currently receiving any contributions to
|General Insurance Cover|
|Mortgages & Home Loans|
|Credit & Personal Loans|
|Investment & Property|
|Payday | Credit Cards|
|Debt Consolidation Loans|
|Car Loans & Finance|
|Useful Finance Links|
|First Home Owners Grant|
|Latest Finance News|
Adelaide Web Page Design | Unemployed Loans | Sitemap | My Sites | Other Resources
Resources and articles about australian superannuation are protected by their respective authors.