PENSIONS

Handle all the intricacies of pensions simply and quickly.

superMate provides an end-to-end pension solution to efficiently and correctly handle all your clients’ pension needs.

With superMate you can provide quotes and simply calculate entitlements, commutations and reversions at any date in the year, as well as running processes across all funds in bulk.

A member’s current pension entitlement, even as of last night, can be shown in seconds. Naturally, superMate pensions take into account all components with relevant tax effects and legislative limits.

Pension quotations are quickly generated and with superMate’s pension wizard, even new staff will become quickly productive. Since superMate does all the calculations for you, you can easily start a pension on any day of the year and be confident that tax has been correctly calculated.

Quotations can be revised as various scenarios are considered and reviewed with a member, and once accepted, the purchase price of the pension will be automatically transferred into a new pension account linked to the member. In this way, multiple pensions can be associated with a member and managed together with any accumulation accounts also held. Spouse reversions can also be automatically included.

If you have responsibility for arranging pension payments, they can be set up to run automatically with any frequency or processed manually as required. Payments can be by cheque or EFT files submitted into the banking system.

As part of the pension creation process, standard letters can be produced automatically, for example a letter to the trustee confirming a pension purchase and a minute of a meeting. superMate also produces all required statutory reporting and automates the ongoing review process including the production of associated member letters, Centrelink reporting and statements. Tools for the maintenance and administration of pensioners’ accounts are also included with the system.

Commutations are straightforward to process and superMate automatically recalculates all remaining pension details in a single step.