News
Aggressive sales tactics over the phone
6 December 2019
We have become aware that some members have received unwelcome phone calls from salespeople.
These salespeople are employing aggressive sales tactics to encourage you to roll your super from TWUSUPER to another super fund – often without giving you enough time to properly think things through.
Putting Members' Interests First
26 November 2019
The Putting Members' Interests First (PMIF) legislation applies from 1 April 2020. This means that members with a balance under $6,000 may lose their insurance cover on 1 April 2020 if they don't tell TWUSUPER they want to keep it.
From 1 April 2020, default basic cover may not be automatically added to a member account if they're under age 25 and/or have less than $6,000 in their account. However, these members can still request that insurance be applied to their accounts if they want it.
Could you benefit from the Work Test Exemption?
19 June 2019
From 1 July 2019, you can contribute to your super between age 65 and 74 if you satisfied the Work Test last financial year. This is known as the Work Test Exemption (WTE). The WTE can only be used for one financial year, which means it can't be used to contribute to different funds in different years.
Federal Budget 2019
4 April 2019
For an overview and a more in-depth look at what this year's Federal Budget looks like for you, head to our dedicated Federal Budget website.