Superannuation - Sandhurst Trustees
  • Search:  

Bendigo SmartOptions

Bendigo SmartOptions Overview

The Bendigo SmartOptions product range offers an extensive range of investment options with access to managed funds (including annuity funds), a cash product term deposits and direct exposure to S&P/ASX 200 listed securities.  The product range includes Bendigo SmartOptions SuperTM and Bendigo SmartOptions PensionTM. This product range may be suitable if you require the flexibility to design your own investment allocation and proactively manage and change your super investments.

Bendigo SmartOptions Super is a complying superannuation plan that accepts both personal and employer-sponsored contributions throughout your working life. It also offers a comprehensive range of insurance options including access to both group life insurance cover and individual (retail) insurance policies.

While Bendigo SmartOptions Pension can provide you with a flexible and potentially tax effective income stream in your retirement or as you transition into retirement.

Bendigo SmartOptions may be suitable if you would like:

  • The flexibility to design your own investment strategy and proactively manage and change your investments
  • A range of investment options including direct exposure to the S&P/ASX200 listed securities, access to over 50 managed funds(including annuity funds) and term deposits
  • A comprehensive range of insurance options including access to both group life insurance cover and individual insurance policies
  • Online access to your account

 

Bendigo SmartOptions Overview1


Minimum investment
  • Bendigo SmartOptions Super - no minimum investment amount
  • Bendigo SmartOptions Pension - $30,000 minimum investment amount

Fees

Fees and costs are based on your account balance and investment options.3  Transactional costs may also apply

Investment options

Over 50 managed funds (including annuity funds), a cash product, term deposits and direct exposure to the S&P/ASX 200 listed securities.2

Ability to receive contributions and rollovers

  • Bendigo SmartOptions Super – accepts the following contribution types: superannuation guarantee, salary sacrifice, self- employed, government low income, government co-contributions, personal and spouse contributions. It also accepts transfers and rollovers from other superannuation funds.
  • Bendigo SmartStart Pension – Pension can be established with a one off personal contribution or a rollover from a superannuation fund. Additional contributions cannot be made once pension payments have commenced.

Account-based pension

Bendigo SmartOptions Pension – offers you the choice of a standard pension and a transition to retirement pension.  It also offers you flexibility to choose your pension payment amount and payment frequency (subject to Government restrictions).

Death and total and permanent disablement  insurance
(Insurance cover is not available in the pension product)

Comprehensive insurance options including both group life insurance cover and access to individual insurance policies

Income protection insurance
(Insurance cover is not available in the pension product)

You can choose  a 30 or 90 day waiting period and a benefit period of either two years  or  up to age 65.

Individual insurance Polices
(Insurance is not available in the pension product)

Individual insurance policy options include death, total and permanent disablement cover and income protection insurance.

Contribute via BPAY
(Not available in the pension product)

Yes

® Registered to BPAY Pty Ltd ABN 69 079 137 518
1 You should read the relevant Product Disclosure Statement for detailed information and terms and conditions.
2 Listed stocks available on the S&P/ASX200 at the time of purchase
3 If you joined the plan on or after 6 November 2014, further information on fees and costs and how and when they are applied is available in the relevant Product Disclosure Statement. If you were a member of the plan prior to 6 November 2014 a different fee structure applies. Please contact us for further information.

Some of the key benefits of investing in Bendigo SmartOptions Super and Bendigo SmartOptions Pension are:

Flexible investment options
The Bendigo SmartOptions product range offers an extensive range of investment options with access to over 50 managed funds (including annuity funds), a cash product, term deposits and direct exposure to S&P/ASX 200 listed securities. 

Protection for your lifestyle
Bendigo SmartOptions Super offers insurance cover to protect your lifestyle; with comprehensive insurance options including:

  • Death only cover (including Terminal Illness cover)
  • Death and Total and Permanent Disablement (TPD) cover
  • Income Protection cover

You can choose to apply for insurance cover either via the group life insurance policy Sandhurst has entered into with TAL Life Limited (TAL), or from selected individual insurance policies. In both cases, premiums can be paid using your superannuation benefits.

Please refer to the Bendigo SmartOptions Super Insurance Guide for more information on the group life insurance cover available. Refer to your financial adviser for more information on the selected individual insurance policies available.

The super plan for your whole life
Bendigo SmartOptions Super is a complying superannuation plan and accepts both personal and employer- contributions while you save for your retirement, you can easily transition your Bendigo SmartOptions Super account into a Bendigo SmartOptions Pension, to receive an income stream. This means Bendigo SmartOptions can work for you both throughout your working life and in retirement.

Administration & online access to your account
An annual statement is issued to you each year. Your annual statement sets out your account balance and summarises transactions that occurred during the period including any fees, costs and taxes deducted. You can view, monitor and amend your account details, and switch selected investments online. Registering online is quick and easy all you need is your member number and an email address.  If you need assistance with the registration process you can contact our client service team on 1800 033 426.

Additional information and advice through your local Bendigo Bank branch
Information about Bendigo SmartOptions is available at your local Bendigo Bank branch or if you are interested in advice your local branch can make an appointment for you with a Bendigo financial planner.

A copy of the Product Disclosure Statement can be downloaded here.


Return to top