The minimum balance required in the Mercer Super Trust is $5,000.
To maintain an account with Mercer Super, members are required to keep an account balance in the Mercer Super Trust of at least $5,000. This minimum balance ensures ongoing participation and access to the benefits offered through the superannuation fund.
Key Aspects of Maintaining Your Mercer Super Balance
Understanding the requirements and features related to your Mercer Super account is crucial for effective superannuation management. Here's a breakdown:
- Minimum Threshold: Account holders must maintain a minimum balance of $5,000 in their Mercer Super Trust account. This is a continuous requirement, not just an initial deposit.
- Account Maintenance: Falling below this threshold may have implications for your account, though the specifics are not detailed in the provided information. It's generally advised to monitor your balance closely.
Managing Contributions and Account Features
Beyond the minimum balance, Mercer Super offers features designed to help members manage their superannuation contributions efficiently.
Contribution Splitting Facility
Members have the option to split contributions made in a previous financial year. This feature can be beneficial for tax planning or contributing to a spouse's superannuation.
- Eligibility: You can request to split all or part of your contributions made during a previous financial year.
- Timeframe: The contributions eligible for splitting are those made from 1 July to 30 June of a prior financial year.
- Timing of Request: The request to split contributions can only be made once that specific financial year is over.
For more detailed information regarding your Mercer Super account, including other important conditions and features, you can refer to the official documentation.
| Aspect | Detail |
|---|---|
| Minimum Account Balance | $5,000 |
| Applicable Entity | Mercer Super Trust account balance |
| Contribution Splitting | Available for previous financial year's contributions |
| Contribution Period | 1 July to 30 June (for the previous financial year) |
| Request Timing for Splitting | Once the relevant financial year has concluded |
For comprehensive details, always refer to the official Mercer Super documentation, such as the Other Things You Should Know booklet which contains important information regarding employer plans and general member conditions. You can typically find these documents on the Mercer Super website, like the Other Things You Should Know booklet available here.
