Choosing the Master Trust Option

After researching the different types of superannuation savings schemes available within a workplace environment, David decided that a Master Trust was most appropriate for his workplace.

David's company couldn’t afford to offer staff contributions towards their superannuation savings, however by providing a Master Trust and paying the administration and transaction fees for the staff, they still really benefited. Plus a Master Trust meant that his company could leave the entire administration of the scheme over to the Fund Manager – making it a very hassle free workplace option.

David provided staff with education on retirement planning and the various savings options, so they could decide for themselves if the workplace group scheme was attractive.

The scheme has been in place for two years now and has a 63% membership level. For very little effort, David's company was able to provide staff with a superannuation savings option that benefits staff and which is flexible enough to fit within the company’s environment.