WIXLIB

Under 55 yearsInvestment objective To outperforminflation, measured bythe Consumer PriceIndex, by 3.5% pa afterinvestment fees andtaxes, over any 10 yearperiod.Strategic asset allocation (and ranges)Cash5% (0% - 30%)Fixed income 6% (0% - 20%)diversifiedFixed income - credit 11% (5% - 25%)Alternatives and other 5% (0% - 15%)Infrastructure6% (0% - 20%)Property7% (0% - 20%)Global shares29% (15% - 45%)Australian shares26% (10% - 40%)Private equity5% (0% - 15%)Total100%Defensive assets21% (5% - 35%)Growth assets79% (65% - 95%)Standard RiskHigh (estimate of 4 toMeasure6 negative annualreturns in any 20 yearperiod)Minimum suggested 7 yearstime to investAt age 60To outperforminflation, measured bythe Consumer PriceIndex, by 3.3% pa afterinvestment fees andtaxes, over any 10 yearperiod.Age 65 and overTo outperforminflation, measured bythe Consumer PriceIndex, by 3.0% pa afterinvestment fees andtaxes, over any 10 yearperiod.6% (0% - 30%)10% (2% - 24%)14% (8% - 36%)11% (4% - 24%)11% (4% - 24%)5% (0% - 15%)5% (0% - 19%)7% (0% - 19%)27% (13% - 43%)24% (9% - 39%)5% (0% - 15%)100%25% (10% - 40%)75% (60% - 90%)High (estimate of 4 to6 negative annualreturns in any 20 yearperiod)10% (3% - 22%)4% (0% - 14%)5% (0% - 17%)6% (0% - 17%)24% (11% - 39%)22% (8% - 36%)4% (0% - 14%)100%34% (20% - 47%)66% (53% - 80%)High (estimate of 4 to6 negative annualreturns in any 20 yearperiod)We may change the investment objective, investment approach, strategic asset allocation andranges in each investment option, or investment manager of each investment option, or addnew, suspend or remove investment options at any time without prior notice to members. Wewill notify you of material or significant changes in accordance with the law, which may bebefore or after the change. Up-to-date information is available by logging in to your accountat plum.com.au. You can switch between investment options at any time, but there are limitsto the frequency of investment switches you can make. For further information on switchinglimits see the Investment Menu or just log in to your account online at plum.com.auYou should read the important information about each of the investment options and theinvestment approach, including responsible investing and the Standard Risk Measure inthe Investment Menus before making a decision. Log in to your account at plum.com.au tofind out more.The material relating to the Investment Menus and the investment option you are investedin may change between the time when you read this Statement and the day when youacquire the product.6

6. Fees and costsAn overview of the fees and costs you can expect to payDID YOU KNOW?Small differences in both investment performance and fees and costs can have a substantialimpact on your long-term returns.For example, total annual fees and costs of 2% of your account balance rather than 1% couldreduce your final return by up to 20% over a 30-year period (for example, reduce it from 100,000 to 80,000).You should consider whether features such as superior investment performance or theprovision of better member services justify higher fees and costs.TO FIND OUT MOREIf you would like to find out more, or see the impact of the fees based on your owncircumstances, the Australian Securities and Investments Commission(ASIC) Moneysmart website (www.moneysmart.gov.au) has a superannuation calculator tohelp you check out different fee options.You’ll find the fees we charge in the summary below. Entry fees and exit fees cannot be charged.You can use the information in this summary to compare fees and costs between Plum PersonalPlan and other super products. You can find information about fees and costs for eachinvestment option, and more information about each fee in the Fee Brochure, InvestmentMenu and in the 'Additional explanation of fees and costs'.These fees and costs may be deducted from your balance, your investment returns, or fromthe assets of MLC Super Fund as a whole. All fees are shown inclusive of stamp duty and GSTand net of Reduced Input Tax Credits (where applicable). You can view the actual fees deductedfrom your account by logging in to plum.com.au or on your annual statement.Fees and costs summaryPlum Personal PlanType of fee orAmountcostOngoing annual fees and costs1Administrationfees and costsA Member fee of up to 78 paPlusA Plan Management fee ofUntil 30 June 20220.30% pa of your account balanceinvested in the MySuper and CashFund investment options and apercentage of your balance held ininvestment options other thanMySuper and the Cash Fund,according to the following tieredscale:First 150,000: 0.50% paRemaining balance over 150,000:030% paFrom 1 July 20220.30% pa of your account balanceHow and when paidThe Member fee is deductedmonthly from your account.The Plan Management fee isdeducted monthly using youraccount balance at the date it'scalculated.If any of your balance is ininvestment options other thanMySuper and the Cash Fund, theplan management fee rate whichapplies for your balance in thoseother investment options iscalculated using your balance heldin investment options, excludingMySuper and the Cash Fund. Thisplan management fee rate is onlyapplied on your balance in theinvestment options other thanMySuper and the Cash Fund. Only7

Plum Personal PlanThe total Plan Management feecharged to each account you have(excluding the Trustee Levy andMember Fee) is capped at 2,500 paPlusTrustee Levy of 0.02% pa of youraccount balance.PlusOther administration costs paid fromreserves of 0.03% pa of your accountbalance.Investment feesand costs2Investment fees and estimated costsfor MySuper investment option,0.78% pa of your account balance.the MySuper and Cash Fund planmanagement fee rate of 0.30% isapplied on your balance inMySuper and the Cash Fund.The Trustee Levy will be deductedmonthly from your account balance.The levy amount for each month iscalculated using your accountbalance at the date it's deducted.You won’t see these costs as directcharges to your account. They reducethe balance held in reserves used tocover certain costs related to therunning of the MLC Super Fund.You won’t see these fees and costsas direct charges to your account.They're reflected in the daily unitprice of each investment option andwill reduce the net return on yourinvestment.Investment fees and estimated costsfor other investment options, rangesfrom 0.13% pa to 1.58% pa.Transaction costs MySuper investment option, 0.08% You won’t see these costs as directpa (estimated).charges to your account. They’rereflected in the daily unit price ofOther investment options, rangeseach investment option and willfrom 0.00% pa to 0.09% pareduce the net return on your(estimated).investment.Member activity related fees and costsBuy-sell spreadMySuper investment option,You won't see this fee as a direct0.00%/0.00%charge to your account. It'sreflected in the buy and sell unitOther investment options, rangesprice of each investment optionfrom 0.00%/0.00% to 0.30%/0.30%when there's a transaction on youraccount.The current buy-sell spreads of aninvestment option are availableat plum.com.auSwitching feeOther fees andcosts3NilInsurance feesOperational Risk FinancialRequirement (Reserve)Not applicable.Adviser service fee1 If your account balance for a product offered by the Fund is less than 6,000 at the end ofthe Fund’s income year, certain fees and costs charged to you in relation to administrationand investment are capped at 3% of the account balance. Any amount charged in excess ofthat cap must be refunded.2 Investment fees and costs includes an amount of 0.21% for performance fees for MySuper. Thecalculation basis for this amount is set out under “Additional explanation of fees and costs”in the Fee Brochure.3 For more information, please see the Additional explanation of fees and costs section, in thePDS and in the Fee Brochure.8

Example of annual fees and costs for a superannuation productThis table gives an example of how the ongoing annual fees and costs for the MySuperinvestment option for this superannuation product can affect your superannuation investmentover a 1 year period. You should use this table to compare this superannuation product withother superannuation products.EXAMPLE - MySuperAdministration fees and costs0.35% pa 78 paPLUS Investment fees and costs0.78% paPLUS Transactions costs0.08% paEQUALS Cost of productBALANCE OF 50,000For every 50,000 you have in thesuperannuation product, you will be chargedor have deducted from your investment 175 in administration fees and costs, plus 78 regardless of your balanceAnd, you will be charged or have deductedfrom your investment 390 in investmentfees and costsAnd, you will be charged or have deductedfrom your investment 40 in transactioncostsIf your balance was 50,000 at the beginningof the year, then for that year you will becharged fees and costs of 683 for thesuperannuation product.Note: *Additional fees may apply.The Cost of product shown in the example is based on the MySuper Growth Portfolio. For Costof product information on each investment option, please refer to the Investment Menu.The ASIC superannuation calculator at www.moneysmart.gov.au can be used to calculate theeffect of fees and costs on account balances.Additional explanation of fees and costsAdviser Service FeeIf you wish to consult a financial adviser, youshould consider the following information:You may pay a fee for the services youreceive and choose how to pay for theseservices.You can consent to us deducting an AdviserService Fee from your account to pay foradvice solely in relation to your PlumPersonal Plan accountAny fees charged by your financial adviserare in addition to the fees and costs in thisPDS.You can cancel an existing Adviser ServiceFee at any time by contacting us.You don’t need to consult with a financialadviser to use our services.Generally any arrangement with youradviser will need to be renewed at leastannually.Your financial adviser cannot change theAdviser Service Fee without your consent.Additional fees may be paid to a financialadviser if a financial adviser is consulted.The terms of any fee arrangement you haveagreed to with a financial adviser willgenerally be documented in a letter ofengagement, and the fee amounts to bededucted in accordance with thatarrangement must also be detailed in theStatement of Advice and Fee DisclosureStatement (if applicable) they provide. Wereserve the right to reject or terminate anAdviser Service Fee arrangement on youraccount at any time.Insurance premiums and feesInsurance fees consist of an insurancepremium charged by the insurer and aninsurance fee charged by us. We charge aninsurance fee to cover the cost ofadministering insurance and is calculated at9

a rate of 10% of your insurance premium.Varying feesWe can vary our fees, fee discounts, or rebateswithout your consent, but we’ll give you atleast 30 days’ notice of any material increasein fees. This doesn’t include changesto buy-sell spreads or to costs that are notcharged directly to you. The buy-sell spreadsmay change daily and in certain circumstances,increase or decrease significantly. The currentbuy-sell spreads of an investment option areavailable by logging in to your accountat plum.com.auYou should read the important informationabout Fees and costs of the investmentoptions and the definitions of fees, inthe Fee Brochure, Investment Menu andthe Insurance Guide before making adecision. Go to plum.com.au and log in toyour online account. The material relatingto the fees and costs and the feedefinitions may change between the timewhen you read this Statement and the daywhen you acquire the product.15%. This tax is charged within the Fund andis deducted from your account and paid tothe ATO when required or when you leave theFund.Additional tax applies for high income earners.Broadly, if your income and concessionalcontributions exceed 250,000 in an incomeyear, an additional 15% will be applied tocontributions which take you above the 250,000 threshold. This additional tax islevied on you personally by the ATO, but youcan elect to have the tax paid from your superaccount.Any extra contributions paid by your employersuch as fees and premiums are treated asconcessional contributions and count towardsyour concessional contribution cap.After-tax contributionsKnown as non-concessional contributions,they include spouse contributions andcontributions made by you where no personalincome tax deduction has been claimed.Non-concessional contributions are notsubject to tax in the Fund.Contributions caps7. How super is taxedAn overview of tax in superTax laws change from time to time, so werecommend you seek advice from a financialadviser or registered tax agent. We’re not ableto provide financial or tax advice. You can alsovisit ato.gov.au for more information on howsuper is taxed.Tax on contributionsContributions to your super are taxeddifferently depending on the type you make.This generally depends on whether a taxdeduction has been claimed (eg employercontributions or before tax contributions) orfrom after-tax money (eg your take-home payor existing personal savings).Before-tax contributionsKnown as concessional contributions, theyinclude employer, salary sacrificecontributions and any personal contributionsthat you claim as a tax deduction. Thesecontributions are usually taxed at a rate of10Contributions made to your account—bothbefore-tax and after-tax—will count towardsyour contribution caps.If your contributions in a year exceed therelevant contribution caps, you may be liablefor additional tax on the excess contributions.In addition to the contribution caps, theamount you have in your ‘totalsuperannuation balance’ (which includes allyour super and pension balances) may limityour ability to make after-tax contributions,claim the government co-contribution, receivea spouse contribution, and access ‘catch up’concessional contributions.Please see ato.gov.au for more informationon contributions caps.Tax on investment earningsInvestment earnings are taxed at a rate of upto 15%. Tax paid or payable on investmentearnings is paid by the Fund and is reflectedin the daily unit price for each investmentoption.

Tax on lump sum withdrawalsTax-freeNil.component1From age 60: Tax freeTaxablecomponent1 Preservation age2 to age 59:Tax-free on first 225,000 for2021-2022 and 230,000 for2022-2023 (this is a lifetimelimit which is indexed eachfinancial year). Tax is thenpaid on the remainder up to17% (including Medicare Levyat 2%).Under preservation age2: Taxof up to 22% (includingMedicare Levy at 2%).A different tax treatment applies to superdeath benefits paid to your beneficiaries ordeceased estate. Other taxes and Governmentlevies may apply from time to time. Ifapplicable, we’ll deduct the tax from youraccount before paying the lump sum.1 For further information on the distinctionbetween taxable and tax-free componentsof your super, go to the ato.gov.au pagetitled ‘How tax applies to your super’.2 Preservation age is 55 for those born before1 July 1960 and will gradually increase to60 depending on your date of birth.Your employer will generally provide yourTax File Number (TFN) to us. If they don’t,or you’re applying as an eligible familymember, you should provide it to us. It'soptional to provide your TFN but ifwe don't have it—we can't accept personalafter-tax contributions. We'll only be ableto accept employer contributions, whichmay be taxed at the highest marginal taxrate (plus the Medicare Levy), rather than15%. We may also have to deduct moretax when you start drawing down yoursuper benefit. You may also miss out ongovernment co-contributions.8. Insurance in your superInsurance within your super may be atax-effective way to protect your future andyour family. A range of insurance options areavailable to you depending on your needs andeligibility.You can apply for Death (including TerminalIllness) and Total and Permanent Disablement(TPD) cover and Salary Continuance Insurance(SCI) cover, subject to your eligibility andproviding satisfactory health evidence.Your Insurance Guide and Claims Guidecontains important information about theinsurance provided under your Plan.Types of insurance coverThe type and amount of insurance youaccepted for is included in Your InsuranceSummary including the date the cover starts.Death coverDeath cover continues to age 65. It providesa lump sum benefit that may be payable inthe event of your death or upon diagnosis ofa terminal illness.TPD coverEverybody has different needs and a lump sumTPD benefit will be payable if you meet thedefinition of TPD and satisfy all otherapplicable eligibility criteria as set out in theinsurance policy.SCI coverSCI cover will provide a monthly benefit whileyou are unable to work due to temporarydisablement. Your SCI benefit may be reducedby any other disability benefits you may beentitled to claim.11

You can select SCI waiting and benefit periodsfrom the options below:Waiting periodBenefit period30, 60 or 90 days2 years30, 60, 90 or 180 days5 years30, 60, 90 or 180 daysTo age 65For more information, refer to the InsuranceGuide.If you need to make a claim see the ClaimsGuide.Changing your coverYou can apply for insurance or cancel it at anytime by completing the Insurance form - PlumPersonal Plan, calling us on 1300 55 7586, orjust log in to your account at plum.com.auInsurance premiums and feesPremiums are charged by the insurer and arecalculated based on the type and amount ofinsurance you have. Premiums can also varybased on circumstances like your age, gender,occupation, medical history, and lifestyle andleisure activities.Once your cover starts, premiums will bededucted from your account unless you cancelyour insurance.We also charge an insurance fee for the costof administering insurance and is calculatedat a rate of 10% of your insurance premium.The cost of insurance is set out in theInsurance Guide. The table below shows therange of premiums for each 1,000 of cover.Type of coverYou should speak with your financial adviserto discuss the right amount of cover for yourpersonal circumstances.Death (Male)Death (Female)TPD (Male)TPD (Female)SCI (Male)1SCI (Female)1If you decrease or cancel your insurance coverand change your mind later, you can reinstateyour previous insurance cover but you willneed to pro

Plum Personal Plan - spouse members Product Disclosure Statement This Product Disclosure Statement (PDS or Statement) is a summary of significant information and contains a number of references to further important information in the Fee Brochure, Investment Menu, Insurance Guide and the Claims Guide (each of which forms part of the PDS).