What is MLC Business Super?
MLC MasterKey Business Super, part of Australia’s #1 Corporate Super provider. Designed for small to large business, this corporate super plan is easy to manage and gives your client as an employer access to a modern, efficient and flexible super plan.
When can you claim income protection?
You can make a claim for income protection if you’ve suffered an injury or illness that is holding you back from earning income from your regular job. The injury or illness doesn’t have to be work related and can include a psychological condition.
Do all supers have income protection?
Most super funds will automatically provide you with life cover and TPD insurance. Some will also automatically provide income protection insurance. This insurance is for a specified amount and is generally available without medical checks.
Is MLC MasterKey Business Super APRA?
The MLC Super Fund is authorised by APRA to offer a MySuper product and has the MySuper product identifier of 70 732 426 024 883. The MySuper product is only applicable to MLC MasterKey Business Super and MLC MasterKey Personal Super.
Where do I find my MLC customer number?
For MLC MasterKey Investment Service Fundamentals, MLC MasterKey Investment Service and MLC MasterKey Unit Trust accounts, the Customer Reference Number is your eight digit account number followed by the contribution code (see below) to specify how your deposit should be invested. by calling us on 132 652.
Does income protection cover you if you lose your job?
What does income protection insurance cover? Income Protection is designed to pay up to 75% of your pre-tax income for a specified period of time is you’re unable to work due to partial or total disability. Income protection insurance does not cover you for lost income because you are stood down or become unemployed.
How does superannuation income protection work?
If you have income protection insurance through your superannuation, you are not covered for loss of income from reduced hours or job loss. Your income protection insurance will provide cover for you if you become temporarily disabled through illness or injury and are unable to continue in your duties at work.
Is MLC an industry super fund?
MLC Superannuation Fund is a Public offer Retail fund. MLC Superannuation Fund has 1712 investment options, MySuper products authorised and 0 of its total assets are invested in a default or MySuper strategy.
What is protect your super?
The Protecting Your Superannuation legislation is designed to protect your super savings from being eroded, particularly if you have a low account balance. These changes became effective on 1 July 2019.
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