You can access your super, once you retire or reach your preservation age.

  • When you reach preservation age and retire
  • When you turn 65 (even if you still working)
  • Under the transition to retirement rules, while continuing to work

*Note: Before reaching the preservation age, still you can access your Super under a very limited circumstances, like severe financial hardship or specific medical conditions.

Preservation age is the minimum age that you can access your super when you are retiring, and can be age 55, or 56, or 57, or 58, or 59, or age 60.

Age Pension age is the age that you first become eligible to claim the Age Pension. Age Pension age can be 65, 65.5, 66, 66.5, or 67 years, depending on your date of birth.

Preservation age based on date of birth

Date of birth Preservation age
Before 1 July 1960 55
1 July 1960 – 30 June 1961 56
1 July 1961 – 30 June 1962 57
1 July 1962 – 30 June 1963 58
1 July 1963 – 30 June 1964 59
From 1 July 1964 60

All Investment have some level of risk. There are a number of risks associated with investing in super that you should know about. These include:

  • The value of your investments may change over time.
  • The level of return can vary and future return can be different to past returns.
  • Investment earning are not guaranteed and, in some years, may apply to your super.
  • Super law may change over time.
  • Your super balance (contribution and investment returns), may not be enough to provide adequately for your retirement.

1. Consolidate your super: consolidating your accounts into one could save thousands of dollars over time and be a strong boost to your retirement savings in the future.

2. Find and claim your lost superannuation:

  • Australian Islamic Super team can help you to check with ATO if you have any lost super sitting there waiting for you to claim it. If your lost super has been transferred to the ATO you can still retrieve it, but do it ASAP to make sure you don’t miss out on any investment returns.

3. Choose the right investment strategy: Choose your investment strategy based on your risk tolerance. As you move into a different stage in your life, different investment options will might be appropriate for your situation and worth considering.

4. Boost your balance with additional contributions:

  • You can contribute more money into your super account through concessional or non-concessional contributions.

Note: Limits apply to how much you can contribute to super in any one financial year.

5. Consider switching funds: Every superannuation fund has different fees structure and investment strategies, so make sure you choose the right Investment strategy by doing a little bit of research that covers:

  • Investment strategy with the lowest possible fees but still provide good performance.
  • Investment options that suit your risk tolerance.
  • Strong investment rationale including an understanding of your life stages and financial objectives.

Super Fund Name
Australian Choice super (Australian Islamic Super)

Australian Business Number (ABN)
46 074 281 314

Unique Superannuation Identifier (USI)
46 074 281 314 001

Australian Financial Services Licence (AFSL)
AFSL 312431 (DIY Master Pty Ltd)

Postal Address
Australian Islamic Super
Level 13, 350 Collins Street,
Melbourne VIC 3000

Islamic Investment is an investment that is consistent with the principles of Islamic beliefs and guided by Islamic economics principles; which differs from the conventional approach to investments. Islamic Investing work on a philosophy of prohibiting transactions considered immoral and promoting greater social justice by sharing risk and reward.

All Australian Islamic Super investment decision based on Islamic Principle set by Dar Al Istithmar. Dar Al Istithmar is a financial consultancy services to the Islamic financial services sector globally.

1: Australian Islamic Super actively screen investment opportunities based on two criteria.

  • Business activities: Follow Sharia investment principles and screen out investment in companies that are directly active in, or derive more than 5% of their revenues from such business activities as alcohol, tobacco, pork related products, fossil fuel and deforestation, conventional financial services, defence/weapons, gambling, or adult entertainment
  • Financial ratios derived from total assets: Australian Islamic Investment screen out investment in companies that have excessive leverage or high level of income interest. Australian Islamic Super uses three financial ratios to screen for such companies:
    • 1) Total debt over total assets (Less than 30%)
    • 2) The sum of a company’s cash and interest-bearing securities over total assets (liquidity of tangible asset must be above of 51%)
    • 3) The sum of a company’s accounts receivables and cash over total assets.

2: Australian Islamic Super uses Australian Centre for Islamic Finance (AUSCIF) as a Shariah advisory boards. The Australian Centre for Islamic Finance (AUSCIF) is the pre-eminent Australian organisation facilitating knowledge transfer and thought leadership within the Islamic financial sector.

3: Australian Islamic Super’s fund manager (FGC) is obligated to determine what percentage of a company’s profit is derived from interest-bearing accounts and then giving it to charities in form of Zakat, so with Australian Islamic Super we assure your super is managed in Sharia compliant manner.

4: Australian Islamic Super uses The MSCI World Islamic screener which reflects Sharia investment principles. MSCI’s Islamic index conduct their own compliance screening research under the guidance of a sharia board or committee, so any stock included in MSCI is a fair choice for investment.

First Guardian Capital is the Fund manager of the Australian Islamic Super. First Guardian Capital works closely with investors and businesses alike, that are looking to achieve sustainable growth in the Asia Pacific region in order to enhance and maximise long-term value and wealth creation. First Guardian Capital investment team have consistently based their investment decisions on thorough research and sound risk management, assuming a long-term view, focusing on achieving responsible capital growth. All Australian Islamic Super funds are managed in accordance with Islamic investment principles.

Australian Islamic Super, has a wide-ranging regulatory framework in place to safe guard your Super. Australian Islamic Super does not physically hold any of your assets. It is held in your name under the custodial services provided by HSBC Amanah. Furthermore, the trustee is Diversa Trustee Limited, who act as the responsible entity for the regulatory, compliance and operation of the fund.

Yes, your super is licenced and regulated as required by law. The Trustee of the super fund is Diversa Trustee Limited, which holds both an Australian Financial Services Licence – AFSL: 235153 (issued by ASIC) and a Registrable Superannuation Entity Licence RSE: R1070743 (issued by APRA).

In addition, the Fund has been registered with APRA (the Superannuation Regulator) and has been given the Fund Registration Number (R1070743).

There are some superfunds that farmout their investments. It should be note this super fund is managed by a fund manager that is licenced, and holds an AFSL (302538) issued by ASIC.

Australian Islamic Super Fund Australian Business Number (ABN) is 46 074 281 314.

For more information, please contact Australian Islamic Super on +61 3 9999 1570.

If you change your address in the past years, most likely you have Super with different Superfund or held by Australian Tax Office waiting to be claimed. Having multiple Super accounts, you may be getting charged multiples fees eating up your superannuation balance.

Search My Super

*Note: Look after your retirement by looking after your Super…

1: Save on fees.

Consolidate your accounts to one fund will eliminate multiple layers of fees, and sometimes duplicate insurance policies (Australian Islamic Super does not offer insurance services). Having multiple Super accounts, you may be getting charged multiples fees eating up your superannuation balance.

2: Save on time.

When your Super in one place, you can change your investment strategy, update your beneficiaries and change your address. Please click here for consolidation Australian Islamic Super.

Make sure you consider to consolidate your Super with Australian Islamic Super after reading the PDS to see if it's the right financial products for you or if there is an exit fees by Australian Islamic Super.

If you have any questions please speak with a financial planner.

Consolidate Now or alternatively please give us a call on: +61 3 9999 1570

All investments have some level of risk. There are a number of risks associated with investing in super that you should know about. These include:

  • The value of your investments may change over time
  • The level of returns can vary and future returns maybe different to past returns
  • Investment earnings are not guaranteed and, in some years, negative returns may apply to your super
  • Super laws may change over time
  • Your super balance (including contributions and investment returns) when you retire may not be enough to provide adequately for your retirement.

Investment strategies are made up of different assets. Different strategies may carry different levels of risk, depending on the assets that make up the strategy.

  • Defensive assets include fixed interest, cash and absolute return funds and these generally have lower risks associated with them.
  • Growth assets include shares, property, unlisted equity and infrastructure and these generally have higher risks associated with them. The level of risk that is right for you in your investments will depend on a range of factors, including your:
    • age
    • investment timeframe
    • other investments
    • risk tolerance.

Generally to get higher returns from assets over the long term, you need to be willing to accept a higher level of short term risk. Over the short to medium term this can result in increased volatility, including the risk of negative earnings.


Tax may apply to contributions, any investment earnings and withdrawals from your account, however, generally any taxes applicable to superannuation are at a concessional (lower) rate.

Warning: Concessional tax rates do not apply on contributions which exceed Government contribution limits.

Contributions: Concessional contributions (for example, employer contributions and deductible member contributions) are ordinarily subject to a contributions tax rate of 15% provided we hold your Tax File Number (TFN). The Plan calculates the contributions tax payable and accrues it as a liability on your member account until payable to the ATO. Non-concessional contributions (for example, non-deductible member contributions) are usually not subject to tax. If your concessional contributions and/or non-concessional contributions in a financial year exceed Government contribution limits, additional (excess) taxes will ordinarily apply. Excess taxes for contributions are a personal tax liability which must be released from your fund in the case of excess non-concessional contributions. You may choose to release up to 85% of your excess concessional contributions which would be paid by the administrator to the ATO after receiving a release authority. Taxes may apply to transfers of superannuation into the Plan from an untaxed source (for example, certain public-sector schemes).

Investment Earnings: Net earnings relating to accumulation accounts are subject to a tax rate of up to 15%, however the rate may be less due to tax credits or other rebates. Investments earnings are generally tax free for investments in account-based pensions.

Withdrawals: If you are under age 60 but have reached your preservation age, the taxable component of lump sum superannuation payments is subject to tax at the maximum rate of 15% (plus medicare levy). A tax-free threshold, which varies from year to year, applies. (Different taxes apply to superannuation pensions received by persons under age 60.) Benefits paid after age 60, lump sum death benefits paid to dependants and terminal illness benefits are generally tax-free. Taxes do not usually apply to transfers to another superannuation fund.

Payment of Tax: The Plan makes quarterly payments of tax to the ATO and a final payment for the balance of any liability in each year. Your net tax liability will be deducted from your account proportionally as payments are due to the ATO.

The Australian government trying to decrease the number of people who are dependent on the Government for their retirement needs. Australian government introduced tax changes and saving policies to encourage Australian to become more financially independent in retirement.

Australian government challenges:

  • Australia's ageing population
  • Rising dependency ratio (ratio of Social Security recipients relative to tax paying workers)
  • The declining level of savings of the general population relative to the GDP (Gross Domestic Product).

Tax incentive: When your employer contributes to your super, the super fund taxes those contributions at a base rate of 15% rather than a personal marginal tax rate except individuals whose taxable income above $250,000, will have their concessional contributions taxed at 30% from July 2017.

Warning: You should provide your TFN when acquiring this product. If we don’t hold your TFN, we cannot accept all contributions for you, the tax on superannuation benefits may be higher and it may be more difficult to locate any lost super benefits or consolidate your superannuation. Further information about tax is available from Whilst we cannot legally compel you to provide your TFN, it is a condition of membership of this Plan to provide your TFN.

You should read the important information about taxation matters relevant to superannuation before making a decision. Go to Section 7 of the Member Guide which is available by going to or on request by phoning +61 3 9999 1570. The information relating to tax may change between the time when you read this PDS and the day when you acquire this product.

*Note: Speake with your Financial Planner for further information.

It’s the time when the investor chooses to access their superannuation via income stream (pension). So, no more contribution can be added to the income stream account and the super fund members will be in an income stream payment plan (pension to the super members from the super they have accumulated previously).

Once you reach the age of 65, or have retired after reaching preservation age, you can access your super savings as a lump sum amount or as a regular income, paid from a pension account. If you have reached preservation age but have not yet retired, you can still receive a regular income from your super savings by starting a transition to retirement pension. There may also be some other circumstances under which you can access your super.

Superannuation is regulated industry by Superannuation Industry Act 1993 (Cwlth) SIS Act. Australian Securities and Investment Commission (ASIC), Australian Prudential Authority (APRA) and the Australian Taxation Office (ATO) acts as a regulator, to ensure compliance with legislation.

ASIC regulates financial services to protect consumers. ASIC’s primary role in relation to SMSFs is to regulate the accountants, financial planners, SMSF auditors and providers of products and services to SMSFs. ASIC also regulates many of the financial products that SMSFs commonly invest in.

ATO regulates Self-Managed Superannuation Funds (SMSFs) in accordance with the super laws and also administers the tax system.

APRA regulates large super funds (other than SMSFs) and assesses applications for the release of retirement benefits on compassionate grounds from SMSFs.

A super fund should invest with a sole purpose of proving benefits for its members in retirement.

Superannuation funds include:

  • Industry superannuation funds: Members of these funds belong to the one industry, for example Legal Super represents legal practitioners and staff.
  • Public sector superannuation funds: Membership of these funds is restricted to government employees.
  • Company or employer sponsored superannuation funds (Corporate Funds): these funds are established by private sector employers or groups of employers to benefit their Employees. Funds run by the employer or an industry fund will usually return all profits to members while those run by retail funds will retain some profits. An example of a corporate superfund is Telstra Superannuation Fund.
  • Public offer superannuation funds: These funds are available to members of the Public (Superfund that can be joined by publics) and are also an attractive option for small businesses that do not want to establish and manage their own employer sponsored fund for their employees. These funds are sometimes referred to as retail superannuation funds or wholesale superannuation funds. The difference between retail and wholesale is essentially the size of the member's contributions that can be accepted by the fund.
  • Self-managed superannuation funds (SMSFs): these funds are established by people (public) wishing to manage their own superannuation investment.

Accumulation funds

Most Australians have their super in an accumulation fund, because your money grows or “accumulates” over time. The value of your super depends on:

  • How much extra you contribute
  • Employer contributes
  • How much extra you contribute
  • Earnings from investing your super
  • Fees
  • Investment option

Investment profits are added to your super account, and investment losses are taken out.

*Note: In an accumulation fund you bear the risk that your super payout will be lower if financial markets drop.

Defined benefit funds

Most defined benefit funds are corporate or public sector funds, and they are rare now days.

A defined benefit super fund is a super fund that pays a final super benefit based on a formula that takes into account your final salary and the number of years that you work for your company or government department.

The value of your retirement benefit is depending on:

  • How much extra you contribute
  • How long you have worked for your employer
  • Retirement salary
  • How much money your employer contributes

*Note: Never leave a defined benefit fund unless you're very sure that you will be better off. Some of them are very generous (Often defined benefit funds are the better option).

  • Employees
  • Employers
  • Self-employed
  • Unemployed
  • Spouses
  • Pensioners

*Note: There are some restrictions that apply to those who are contributing to super. Speak with your Financial Planner for further information.

Concessional Contribution: Contribution that made into your superannuation before tax deducted. Tax on your concessional contribution is 15%. Sources of Concessional Contribution:

Employer Contribution:

  • Compulsory employer contributions
  • Employer additional concessional contribution
  • Salary Sacrifice

Table : non-concessional contribution caps

Financial year Your age Your concessional contribution cap
2017–18 Any age $25,000
2016–17Less than 49 on 30 June 2016 $30,000
2016–17 49 or older on 30 June 2016 $35,000
2015–16 Less than 49 on 30 June 2015 $30,000
2015–16 49 or older on 30 June 2015 $35,000
2014–15 Less than 49 on 30 June 2014 $30,000
2014–15 49 or older on 30 June 2014 $35,000
2013–14 Less than 59 on 30 June 2013 $25,000
2013–14 59 or older on 30 June 2013 $35,000

Excess concessional contributions from 2013–14 onwards are included as taxable income, taxed at the marginal tax rate plus an excess concessional contributions charge.

Non-concessional contribution: Contributions are made into your super fund from after-tax income. However, there is a cap on the non-concessional contributions you can make each financial year.

Types of non-concessional contributions include:

  • Contributions you make, or your employer makes on your behalf, from your after-tax income
  • Contributions your spouse makes to your super fund (unless your spouse makes the contributions because they’re your employer)
  • Personal contributions not claimed as an income tax deduction excess concessional (before-tax) contributions you have not elected to release from your super fund
  • Contributions over your capital gains tax (CGT) cap amount
  • Retirement benefits you withdraw from your super fund and ‘re-contribute’ to super most transfers from foreign super funds (including New Zealand KiwiSaver contributions), but excluding amounts included in your fund's assessable income.

Table : concessional contributions caps made from 2013–14 onwards

Financial year Non-concessional cap Tax on amounts over cap
2017–18 $100,000 47%
2016–17 $180,000 47% (plus 2% budget repair levy)
2015–16 $180,000 47% (plus 2% budget repair levy
2014–15 $180,000 47% (plus 2% budget repair levy)
2013–14 $150,000 46.5%

*Note: To find more information on concessional and Non-Concessional contribution, please visit ATO website.

The first home super saver (FHSS) scheme allows first home buyers to save a home deposit within their super fund. From 1 July 2017 any personal voluntary contributions you make to your super can be withdrawn to help buy or build your first home.

Voluntary Contribution include:

  • Non-concessional Personal Contribution
  • Concessional Personal Contribution
  • Salary Sacrifice Contribution

Under the FHSS scheme, you can withdraw up to $15,000 of eligible contributions made over a financial year or up to $30,000 in total for all years, plus associated earnings.

Withdrawals can be made from 1 July 2018. To be eligible to withdraw funds under the FHSS scheme you must:

  • Not have owned property in Australia before (Investment property, vacant land, commercial property, a lease of land in Australia, or a company title interest in land in Australia)
  • Be at least 18 years old
  • Not have withdrawn money under the scheme in the past.
  • If you suffered a financial hardship which resulted in a loss of ownership of all property interests. For example (bankruptcy, divorce, separation from a de-facto partner or a relationship breakdown, loss od employment, illness, being affected by natural disaster, or being eligible for early access to superannuation)

early access to superannuation) Eligibility is assessed on an individual basis, which means that couples, sibilings or friends can each access their own eligible FHSS contribution to purchase the same property.

Non-concessional contributions can be withdrawn tax free. Concessional contributions and total earnings will be taxed at marginal tax rates with a tax offset of 30%.

You must enter into a contract to buy or build your first home within 12 months of making a withdrawal under the FHSS scheme or you will have to recontribute the amount back to super or pay additional tax on it.

*Note: Voluntary contributions made to defined benefit super funds are not eligible for release under the FHSS scheme.

For further information about FHSS, please visit MoneySmart website (How Super Work – Super Contribution) or ATO website (First Home Super Saver Scheme)

You need the 40 work hours test. Working Hour Test is a test where the individual need to work for at least 40 hours over a consecutive period of no more than 30 days during a financial year. The individual need to be gainfully employed, which means employed or self-employed (professional, vocation, occupation or employment) for gain (salary or wages, commissions, fees, bonuses).

You will be able to reduce your tax bill.

  • The earnings on investments are taxed within the super fund at a maximum of 15% instead of the individual’s marginal tax rate.
  • Generally, there will be more to invest as the tax rate on entering a super fund may be lower than the employee’s marginal tax rate.
  • At retirement there are tax advantaged income streams available from superannuation investments.


The information in this website is of a general nature. It has been prepared without taking into account your financial situation, needs or investment objectives. For your own objectives, circumstances, financial situation, please seek a licensed financial planner advice.

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