As a Spaceship Super member, you’ll receive an annual statement. It’s called an ‘Annual Member Statement’.

It will give you a heads up about how your super has performed in the previous financial year, as well as any other important changes.

Here’s how to read it:

To get the full picture of your Spaceship Super account this year, you’ll need to read your Annual Member Statement alongside your Exit Statement. You can find both of these in your Member portal.

This is because Spaceship Super completed a Successor Fund Transfer (SFT) on 18 May this year (2024).

Information for your account from 1 July 2023 until 17 May 2024 is included in your Exit Statement. Information for your account from 18 May 2024 until 30 June 2024 is included in your Annual Member Statement.

First up, you’ll see a summary of your member details including your member account number, your account type, your age and whether you’ve supplied your tax file number. You should check that these are correct.

Next you’ll see your account summary, including your opening and closing balances from the date you joined the fund to 30 June 2024.

You’ll also see the different additions and deductions that have impacted your balance over this period .

These include:

This part of your statement shows information about any withdrawal benefits you may have access to.

Withdrawal benefits are the amount of super you have available to withdraw at a particular date, if you meet the limited conditions for doing so.

Your Preserved Benefit tells you the amount of your super that’s ‘preserved’, which means, is unable to be accessed unless you meet a condition of release. These conditions may include reaching preservation age, entering into financial hardship, or becoming disabled or passing away.

If you have a non-preserved benefit amount, this means you’ve met a condition of release and may be able to access the amount listed.

The withdrawal benefit takes into account relevant taxes, fees and costs (including buy/sell spread) and gives you a figure based on the unitised sell price of your investment option. Check out the Spaceship Super PDS for more info on this.

This section lists your investment option, the number of units you hold, how much each unit was worth on the last day of the financial year, and how much they added up to.

Your investment option is the Spaceship Super option you chose for your super contributions to go to when you signed up, unless you’ve since changed it.

If the Total value doesn’t exactly equal your Units held x your Unit Price, this is likely because the figures get rounded up and down.

Your investment performance shows the returns for your super investment option.

The performance figures listed are for a number of periods including 12 months, five years, ten years, and since inception, which means since the fund started.

Your personal return might be different to the published return, depending on how often and how big your contributions were.

Spaceship Super does not currently offer insurance cover.

A super beneficiary is the person who receives your super should the worst happen and you pass away.

If you don’t nominate a beneficiary, your super fund might be able to decide who gets it, even if you’ve listed someone in your will.

So if you haven’t nominated a beneficiary, it’s a good idea to think about doing so.

If you have nominated a beneficiary, this is where their name will appear, alongside information about their relationship to you, how much of your super you want them to be allocated, the type of nomination it is, and when it’s set to expire.

Here’s some more about working out who gets your super if you pass away.

This table lists the types and amounts of contributions you’ve made to your super during the relevant time period, including any rollovers in or out, and any tax that’s been deducted from them.

You’ll also see a breakdown of any fees and taxes you’ve paid or been refunded.

The fees and costs summary explains the types and specific amounts of fees and costs you’ve paid and how they’ve been deducted from your super.

For more info on your fees and costs, you should check out the Spaceship Super PDS and Reference Guide on our Important Documents page.

This is a breakdown of the different types of fees and costs you may have paid, alongside other important info to help you understand your statement.

Now that you’ve received your statement, there are a few things to check.

Make sure:

Something not right? We’re here to help. Here’s how to get in touch.