How to read your Annual Member Statement

We know that annual superannuation statements aren’t the easiest things in the world to understand, so we wrote this handy blog article to guide you through.

Opening balance

This is the balance you started the financial year with (beginning July 1st 2019).

Balance information.

What’s gone in and out

Contributions (like rollovers, government, employer and personal contributions), and returns were added to your balance.

What’s gone out was deducted (like taxes on your contributions, withdrawals, insurance fees and direct fees). Anything in brackets means a deduction or loss.

Closing balance

This is the balance at the end of the previous financial year (ending June 30th 2020). Please note: this is not your current balance.

How returns are calculated

Your investment performance is displayed after the percentage-based fees are deducted (more on this below). This also means our published fund returns are shown after those fees are deducted.

Your personal investment performance may differ to the fund performance depending on when you rolled in, and when and how much you contributed.

Investment performance information.

The fees you paid

You pay direct fees and percentage-based fees. Combined they make up the total fees.

A direct fee is deducted directly from your account and appears in your transaction history.

The percentage-based fees are deducted when calculating your investment earnings figure, so they don’t appear in your transaction history. In the statement, they are listed under ‘total of indirect costs of your investment’ and ‘other fees of your investment.'

Fee information.

Accessing your super

Your account balance is broken into different components in the ‘Access Your Money’ section.

Preserved means you can only withdraw this money if you meet a condition of release.

Unrestricted preserved benefits generally stem from employment-related contributions (other than employer contributions) made before 1 July 1999. You can access this component of your super if that employment has terminated.

Unrestricted non-preserved means you can withdraw without restriction.

Preservation information.

Your insurance details

Future Super only provides voluntary insurance, and never gives members default insurance. If you have cover with us, it will appear in the Insurance Cover section and state your policy type and coverage amount.

You can read more about our insurance cover here.

Insurance information.

Your beneficiaries

This shows who you have nominated to receive your super and/or insurance benefit if you die. If you do not nominate a beneficiary, the Trustee of Future Super will have the final say as to who should receive your benefits. You can read about how to nominate a beneficiary here.

Beneficiary information.

If you have any further questions you can find answers on our Knowledge Base, email us at or call us on 1300 658 422.

You should read the important information in our Product Disclosure Statement and Additional Information Booklet before making any financial decisions with Future Super.


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