The Employee Retirement Plan (TERP)

The Employee Retirement Plan (TERP) is ideal for employers who wish to use a simple and convenient product that assists them in meeting their Superannuation Guarantee obligations.

Benefits
  • Simplicity - TERP keeps paperwork to a minimum and it is simple to administer
  • Cost effective - as an employer, there are no separate charges for you to operate your plan. You simply make contributions for each of your employees.
  • Meet employer obligations - comply with workplace superannuation obligations such as Superannuation Guarantee Contributions
  • Minimise tax - It is a tax advantaged investment with relatively low investment and administration fees
Features
  • It includes death and permanent disability insurance
  • Offers an optional personal contribution facility
  • Members are provided with individual accounts
  • Provides an annual statement to employees
  • Can accept rollovers from other funds.

More information

  • Call 13 26 52
  • Contact your NAB Business Banker

Related options:

Disclaimer

This summary describes the current version of The Employee Retirement Plan. Existing investors in The Employee Retirement Plan should refer to their policy documentation to confirm the exact details of the terms and conditions which apply.

This information is correct as at 1 July 2003 and is subject to change. This information is general only and conditions may apply.

MLC Nominees (ABN 93 002 814 959) is the issuer of The Employee Retirement Plan. Information about The Employee Retirement Plan is contained in the current Employer Offer Document, copies of which are available upon request by phoning the MLC Service Centre on 13 26 52 or on this website.

The information shown on this site is intended as general information only and does not take into account the investment needs, objectives or financial situation of any particular person.

An investment in The Employee Retirement Plan does not represent a deposit with or a liability of MLC Nominees Pty Limited, MLC Limited (ABN 90 000 000 402), National Australia Bank Limited (ABN 12 004 044 937) or another member company of the National Australia Bank group of companies and is subject to investment risk including possible delays in repayment and loss of income and capital invested.

None of National Australia Bank Limited, MLC Nominees Pty Limited, or another member company of the National Australia Bank group of companies or appointed investment managers, guarantee the capital value, payment of income or the performance of the capital invested, except to the extent specified in the Offer Document in relation to the Benefit Protection System.