MLC MasterKey Business Super - Features at a glance
Benefits of MLC MasterKey Business Super for your client's employees:
| Features | Benefits |
|---|---|
| Comprehensive investment choice | Your employees can choose where their money is invested |
| Quality and secure insurance cover | Providing insurance options to assist during those times we least expect to happen |
| Investors to link their portfolio balance with other eligible MLC MasterKey investors | Taking advantage of the management fee refund. This refund will not be applied against their balance in MLC MasterKey Business Super |
| Regular reports on their entire MasterKey portfolio | Making it easy to keep track of their investments |
| Account information via MLC website | Provides a status report of their MasterKey investment portfolio |
| Four free switches available each financial year | As investors needs change, the ability to switch funds into an investment option that better suits their investment needs is essential |
| Automatic transfer for employees to their own personal account when they leave their employer | Reduces administration time and potential for 'lost super' |
Benefits of MLC MasterKey Business Super for your client's employers:
The key benefit to employers is MLC SuperEzy an internet payment facility that can be automatically linked to an employer's payroll system.
| MLC SuperEzy benefits to employers | |
|---|---|
| Eliminates the need for paperwork and cheques | Once received by MLC, information is automatically downloaded to our administration platform - so there's no delay in updating member details. |
| Provides an easy two step, end-to-end process online | Your client's aren't required to send the money to us, once you've authorised the payment we'll automatically debit your nominated bank account by this authorised amount. |
| Account Fee | Members of the Employer Plan will qualify for the standard Account Fee. The standard rate will not apply if part of the contribution is remitted by cheque. |
| Provides support in administration of the Employer Plan | Allows your client's to import payroll file information to automatically create a superannuation submission, if the payroll file is compatible. |
| Your client's can let us know of new and exiting employees and make changes to employees' personal details. | |
| Ability to view and print reports online as required |
Click here to download the MLC SuperEzy Application form.
What happens if an employee leaves?
Should an employee wish to leave your client's business and the MLC MasterKey Business Super plan, we will automatically transfer them to a personal account in our MasterKey Personal Super plan. They will then deal directly with us, ensuring your client's won't need to be involved in any further paperwork or administration.
Insurance
Insurance cover is available for death, death and total and permanent disability (TPD), income protection, or any combination of these. We provide extensive coverage and offer competitive premiums. As an employer, you can design the insurance cover to suit both you and your employees and, provided they satisfy certain criteria, we can even take over your employees existing cover.
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