AvSuper News

AvSuper’s Canberra office has moved!

221 London Circuit foyer

Our new address is

Level 5,
221 London Circuit,
Canberra, ACT 2601

From our old office on the Airservices Plaza, it’s as simple as crossing Allara St and walking along Nangari St to London Circuit. Entry is via the courtyard on London Circuit side – turn right into the courtyard area near the bus-stop towards Mingle Cafe and catch the lift to the fifth floor.

Google map of AvSuper in Canberra

Everything is back up and running if you need to contact us about your super – you can reach us via our usual contact details:

phone: 1300 128 751

email: avsinfo@avsuper.com.au

New postal address:  PO Box 223, Civic Square, ACT 2608

AvChat  and Facebook are operating as usual!

 

AvSuper is on the move!

We are delighted to tell our members that we are moving to bigger premises soon to better serve our members!

Still in Canberra and still close to Airservices’ offices, we will be based at 221 London Circuit from early April. This move will give us more space to welcome members for appointments and informal chats, and easier access for members (it’s much easier to explain our address now!) so we’re excited about moving across.

Map of AvSuper offices in Canberra

As part of this move, we will be getting a new phone number and PO box, but the old ones will be redirected to us for some time to ensure you can always reach us! We’ll let you know all the associated details when we are in the new office so subscribe to our news updates (to the right of this page) if you haven’t already done so, and watch your inbox!

Whilst most of the relocation process will be managed out of hours, there may be a day or two in early April when our office is closed and we can’t answer phone calls – but leave a message, be patient and we will get back to you!

Michelle

Michelle Wade
Chief Executive Officer

Welcome to Nick Smith

Nick Smith, Executive Manager - Finance and Tax for AvSuper

Nick Smith, Executive Manager – Finance and Tax

I am delighted to announce that Nick Smith, who was previously engaged by the Fund on a short term basis, has taken on the role of Executive Manager – Finance and Tax on a permanent capacity from 21 February 2018.

As a Chartered Accountant, Nick brings over 20 years financial experience to the team, having worked in Government and private sector roles, including a period at Airservices Australia.  Nick has worked with the Australian Government’s defined benefit superannuation funds, including management of the Parliamentary Contributory Superannuation Scheme (PCSS) and the financial management of the Civilian and Defence unfunded liabilities. Most recently, he was a commercial manager on the Future Frigate program at Defence.

If you have any questions about Nick’s new role, or any other matter about AvSuper or superannuation, please contact your AvSuper team on 1300 128 751 or AvChat (see link above).

Michelle Wade

Michelle Wade

Chief Executive Officer

Retirees’ downsizing measure now legislated

On 13 December 2017, the Government’s downsizing proposal was passed as law meaning that older Australians may be able to boost their retirement savings if they sell the family home. Couple and keys in front of a house

The downsizing measure

From 1 July 2018, if you are over 65 years, you may be able to contribute up to $300,000 from the sale of your primary home to your super or income stream account.

This money is not counted towards your contribution limits nor affected by the total super balance test that financial year.

However, it will count towards your total super balance and total income stream transfer balance cap. The amount is included with any super balances for age pension calculations and is not tax deductible.

There is no requirement to by a smaller home, or any home for that matter, for this measure to apply, and it applies to an individual so a couple may be entitled to contribute $600,000 in total.

Eligibility is strictly set and there are timeframes for making the contributions. Amongst other criteria, money must come from the proceeds of your primary home (not a caravan or houseboat) that you and/or your spouse have owned for at least 10 years. The maximum you can contribute is the proceeds of a single sale, even if that amount is less than the $300,000 limit.

Please contact our Member Advice Team if you are considering selling your home so we can discuss if the downsizing measure suits your circumstances.

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Phone 1300 128 751 (Local call)
Email:
avsinfo@avsuper.com.au