Your pension and recent uncertainty on share markets
Over the past week or so share markets have fallen sharply. In times like this your confidence in your investment strategy could be shaken. Do I sell? Do I do nothing? Is now a time to buy?
If you’re uncertain or worried about your pension, we recommend you get financial advice. And what better way to do this than through AUSCOAL Advice. Whether you're already an AUSCOAL Advice client or new to financial advice, our financial advisers provide free advice over the phone about your super investments. Give us a call on 1300 AUSCOAL (1300 287 262), Monday to Friday, 8am to 6pm, to make an appointment with a financial adviser.
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Got a pension question? It’s now easier to find the answer
If you’ve visited our website lately, you may have noticed some changes.
In July we launched a brand new website with our members' needs in mind.
Dedicated pension section
We’ve divided the website into separate areas, so you won’t need to sift through information that’s irrelevant to you.
1. People wanting to join.
2. Super members.
3. Pension members.
4. Employers.
When you first visit go to the pension members section and save it in your favourites so you’ll go straight there next time. Select 'Favourites' from your browser menu then 'Add to favourites'.
Let's get to the point
We’ve made it easier for you to find the information you’re after.
Popular links to get you there fast
Look under Popular Links for short-cuts to the most popular sections, including:
Straighforward answers to common questions
Easily find answers to common pension questions with ‘I want to…’ links. For example, I want to:
Want to know more or need help? You'll also find fact sheets, calculators, forms and links to more information on our website.
Need a form, fact sheet or publication quickly?
Use the Forms and Publications tool to select the document you're after. It’ll automatically download to your computer.
Don’t miss a thing
Check our Latest News for news about AUSCOAL Super and Live News Feed for the latest coal and super news from independent Australian media.
To receive AUSCOAL Super news straight into your inbox as it happens, log in to your Member Account and give us your email address.
We hope you find the new website easy to use and informative. To provide feedback, email us at feedback@auscoal.com.au and quote your member number.
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Under age 60?
You may need to pay the flood levy on your pension payments or withdrawals.
The flood levy was introduced by the Federal Government for 2011-12 to help communities recover from recent natural disasters, however some people are exempt.
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Six practical steps to financial discipline
With 78% of Australians saying they're financially disorganised, it makes sense to create a quick and practical way to inspire financial discipline.
Here’s six things you can do to sharpen up your knowledge on where your money’s going and what you can do to minimise waste - two significant contributors to being financially disciplined.
No discipline? Credit cards are a bit like a kid having a time out, without sitting in the corner. Comedian Tim Clue explores whether the 'time out' method is good for discipline. Watch the video.
Note: By clicking on these links you'll be leaving AUSCOAL Super's website. We have no oversight of the information contained on The Gym website.
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Government is phasing out reduced minimum pension limits
The government is providing a 25% reduction in the minimum amount super pensioners must withdraw from their pension in the 2011-12 financial year.
The government originally reduced the minimum amount super pensioners had to withdraw by 50% from 2009 to reduce the need for pensioners to sell assets at a loss during the global financial crisis to meet the minimum pension withdrawal requirement.
The government is now phasing out the relief. Normal minimum payment rules will apply from 1 July 2012.
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Need to see us face-to-face?
Did you know we regularly visit regional mining centres to provide face-to-face personal financial advice?
Our advice starts at just $110.
Over the next few months we’ll be visiting the following locations.
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If you have any questions about this newsletter or your AUSCOAL Super account, you can contact us by email, phone, face-to-face or post. |
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