Your Crescent Wealth Super Annual Statement: You May Have Other Funds Out There, Don't Lose Track of These

Mr Lawal Olanrewaju Awoniran
5/1 Pegler Avenue

South Granville NSW 2142
28 August 2019
Your Crescent Wealth Super Annual Statement

Dear Mr Lawal,
It's my pleasure to provide you with your annual statement for the year ending 30 June 2019.
Your statement contains details of your superannuation account transactions, investment options, insurance
(if any) and nominated beneficiaries you may have listed.
You can now also access the Crescent Wealth Year in Review and Annual Report for 2018-2019
highlighting our activities and accomplishments by clicking the links above or by visiting our website.
This is a great time to connect with your super, and here are a few tips I’d like to share with you to help:
1. You may have other funds out there, don't lose track of these.
You can do a quick search & consolidate all your super funds via your online Crescent Wealth
Super portal or just give us a call us on 1300 926 626 and we will take care of it all for you. You
may even find some lost super.
2. Tips and Strategies - visit crescentwealth.com.au/blog
Here you'll find tips and strategies to help make the most out of your super, important information,
like concessional contributions, the latest budget news and ways to boost your super.
3. Changing job?
You can take your super with you. This is as easy as giving your new employer your Crescent
Wealth Super membership number and will avoid you paying extra fees and having more than one
super fund.
Finally, share your experience with us! We’d love to get your feedback, click here to share what you think
we are doing right and how we can improve! Or visit crescentwealth.com.au/feedback.
As always, if you have any questions about your statement or anything, please contact us and we'll be
happy to help.
Kind regards,
Talal Yassine OAM

Managing Director
Annual Statement
Prepared for Lawal Olanrewaju Awoniran

1 July 2018 – 30 June 2019
Mr Lawal Olanrewaju Awoniran Your super balance

5/1 Pegler Avenue
South Granville NSW 2142 $18,803.75
Member No: 100322619
Account No: 1001133782
TFN: Supplied
Dear Lawal Email: lawal@frontee.com

Mobile: 0450452548
YOUR SUPER ACCOUNT SUMMARY

………………………………………………………………………………….
Opening balance as at 1 Jul 2018 $18,207.29 PRESERVATION SUMMARY
Contributions $0.00
Preserved portion $18,803.75
Fees -$93.47
Restricted non-preserved portion $0.00
Insurance premiums $0.00
Tax and adjustments $14.04 Unrestricted non-preserved portion $0.00
Withdrawals $0.00 Total $18,803.75

Investment earnings $675.89
If you left the fund on 30 June 2019 for any reason other than Death
Closing balance as at 30 Jun 2019 $18,803.75 or Total & Permanent Disablement (TPD), your withdrawal benefit
would have been the amount shown above (subject to preservation).
Note: Please refer to the ‘Fees and Costs Summary’ section of this statement for
more information.
Crescent Wealth Superannuation Fund

GPO Box 4650, Melbourne VIC 3001
1300 926 626
www.crescentwealth.com.au
The Crescent Wealth Superannuation Fund (ABN 71 302 958 449) is issued by the Trustee of the Fund, Equity Trustees Superannuation Ltd (ABN 50 055 641 757, AFSL
229757). Crescent Wealth Funds Management (Aust) Ltd (“Crescent Wealth”) ABN 32 144 560 172 AFSL 365260 is the Fund’s promoter and Crescent Wealth is the responsible
entity of managed investment schemes in which the Fund invests. Neither Crescent Wealth nor any of its products is associated or affiliated with Crescent Capital Partners.
Your investment at work
Log in to your online account at crescentwealth.com.au to change your investment options.
YOUR ACCOUNT INVESTMENT SUMMARY AT 30 JUNE 2019

………………………………………………………………………………...……………………………………………………………………………………
The investment earnings on your account were based on the number of units held in each investment option applicable to your account during
the reporting period and the movement in unit prices. See below for your investment account summary as at 30 June 2019, including the unit
prices used to determine your super benefit.
Investment Option Units Held Unit Price Value

Balanced 20.00% 3033.32630 $1.258000 $3,815.92
Conservative 70.00% 11008.49460 $1.183300 $13,026.35
Growth 10.00% 1487.88420 $1.318300 $1,961.48
Total $18,803.75
Future Investment Strategy Allocation

Conservative 70.00%
Balanced 20.00%
Growth 10.00%
Total 100.00%
The strategy % shown above relates to your future contributions or transfers, and was current at the time of producing this statement on 9
September 2019. If you have altered this strategy since that date this information may have changed.
YOUR ASSET MIX AT 30 JUNE 2019

………………………………………………………………………………...……………………………………………………………………………………
The chart shows your exposure to growth and defensive assets based on your investment holdings.
Defensive assets Defensive 56.15 % Growth 43.85 % Growth assets

These assets (such as cash and These assets (such as equities,
fixed interest) generally produce listed property and alternative
lower returns than growth assets assets) have the potential to
over the long term but can offer grow in value over the long term
investors less volatility in the shorter but can also experience volatility
term. (risk of market ups and downs)
in the short term.
INVESTMENT RETURNS AT 30 JUNE 2019 (P.A.%)

………………………………………………………………………………...…………………………………………………………………………………...
Investment Option One Year Five Year Annualised Since Inception Annualised
Crescent Wealth Growth Option 5.72% 5.57% 6.48%
Crescent Wealth Balanced Option 4.83% 4.76% 5.61%
Crescent Wealth Conservative Option 5.04% 3.76% 4.10%
One year investment returns Members should be aware that the returns applied to their account
will differ from the returns above and will depend on the investment
Investment returns for the one-year period are annualised returns option(s) they invest in, the period of time they were invested in the
after fund taxes but before fees. option(s), and the timing of cash flows into and out of their account.
Five year investment returns Notes
Investment returns over a five-year period are annualised returns Inception date for all investment options is 12 May 2013.
after fund taxes but before fees. Past performance is not a reliable indicator of future performance.
For more information regarding investment returns, please visit
crescentwealth.com.au
Page 2
Insurance and Beneficiaries
Here’s a snapshot of any insurance cover and beneficiary nominations you have made.
YOUR INSURANCE ARRANGEMENTS AT 30 JUNE 2019

………………………………………………………………………………...……………………………………………………………………………………
Death Total & Permanent Disablement
Insurance cover $0.00 Insurance cover $0.00
+ Your account balance $18,803.75 + Your account balance $18,803.75
= Total benefit payable on death $18,803.75 = Total benefit payable on TPD $18,803.75
Your age as at 30 June 2019: 42 years old.

For Death and TPD, your total benefit will consist of any insured benefit payable under your insurance cover (subject to approval) and your
account balance at the time of payment.
Income Protection Benefit (Monthly) $0.00

Any Income Protection Benefit shown will be reduced by any other income received by your employer, worker’s compensation, Centrelink or
from another insurance policy for disability, sickness or accident benefits. Waiting periods may apply.
Any Insurance value shown in this section is as at 30 June 2019 and may change. Any insurance benefit is subject to the terms and conditions
of the applicable insurance policy, and approval of any claim by the insurer. Please refer to your account via our website
crescentwealth.com.au.
For more information about your insurance options please refer to the Insurance Guide on our website crescentwealth.com.au or call Crescent
Wealth Helpline on 1300 926 626.
YOUR BENEFICIARIES
………………………………………………………………………………...……………………………………………………………………………………
In the case of your death, you can nominate that your super goes to the people you care about. We call this ‘nominating your beneficiaries’, and
it’s a really important part of your super. Your former nominated beneficiaries are listed below.
Nomination of beneficiaries
You haven’t nominated a beneficiary. If you want your super to go to the right people, you need to tell us who they are. You have two options:
1. Non-Binding beneficiaries
A preferred nomination provides us with a guide on who you want to receive your benefit, but it’s not legally binding on us. You can make your
preferred beneficiary nominations from your online account under the ‘Beneficiaries’ tab.
2. Binding nomination of beneficiaries
A binding beneficiary nomination tells us exactly who you want to receive your benefit if you were to pass away. This gives you greater certainty
that the right people will get your money as we are bound by your nomination, provided they are your dependants or your legal personal
representative and the proportion to be paid is readily ascertainable and the notice is valid and in effect. Make your binding nominations by
completing our form available online, or by calling us on 1300 926 626.
Page 3
Your Transaction Summary
What you started with at 1 July 2018 $18,207.29
WHAT WENT IN - CONTRIBUTIONS AND ROLLOVERS

………………………………………………………………………………...……………………………………………………………………………………
You have not received any contributions for the last financial year. If this looks incorrect, please contact Crescent Wealth Helpline
on 1300 926 626.
WHAT WENT OUT – FEES, PREMIUMS, TAX AND WITHDRAWALS

………………………………………………………………………………...……………………………………………………………………………………
Administration Fees
Date Transaction description Amount

31/07/2018 Administration Fees -$7.33
21/09/2018 Administration Fees $0.08
Total -$93.47
Contributions Tax and Adjustments
Date Transaction description Amount

31/07/2018 Tax and other adjustments $1.10
Total $14.04
Page 4
Net Investment earnings $675.89

What you ended with at 30 June 2019 $18,803.75
Page 5
CONCESSIONAL AND NON-CONCESSIONAL CONTRIBUTION AMOUNTS

………………………………………………………………………………………………………………………………………………………………………
The total concessional contributions* received in respect of you for An annual cap applies to the amount of concessional contributions made to
the year ended 30 June 2019 were $0.00. any superannuation fund that are taxed at concessional rates. Caps also
apply to the amount of non-concessional contributions. For more information
The total non-concessional contributions* received in respect of about the caps, the contributions that count towards the caps and what it
you for the year ended 30 June 2019 were $0.00. For more means if your contributions exceed the caps, visit the website at
information, log in to your online account. www.crescentwealth.com.au, sign in and take the ‘Contributions’ link.
The total balance of your superannuation account in this fund and in any
* The amounts above are based on the information the Crescent Wealth
other superannuation funds (including any pension accounts you may hold)
Superannuation Fund holds on your record as at 30 June 2019, and may
may impact the amounts of concessional and non-concessional
differ from the figures to be reported to the Australian Taxation Office if
contributions you can make each year and your eligibility for some
updated information is subsequently received by the Fund.
government concessions and contributions.
If you provided a valid “Section 290-170” notice to us in respect of your
intention to claim a tax deduction for some or all of your member post-tax
contributions for the year ended 30 June 2019 that has been acknowledged
by or on behalf of the Trustee, then the claimed amount will be treated as
concessional contributions.
DIVISION 293 TAX

………………………………………………………………………………………………………………………………………………………………………
Division 293 tax is an additional tax on contributions for high The Division 293 contributions reported for you for the year ended
income earners. It will be charged directly to high income earners 30 June 2019 are the contributions shown above. For further
at an additional 15% on some or all of an individual’s concessional information on Division 293 tax and who it affects, please refer to
contributions for individuals with an income (as defined for this the ATO website at www.ato.gov.au.
purpose) above the legislated income threshold.
CONSOLIDATING YOUR ACCOUNTS

………………………………………………………………………………………………………………………………………………………………………
We didn’t receive any rollovers for you during the year. If you have Before consolidating your super, you should consider your
any superanuation in another super fund, you may save money circumstances, the impact of fees and the potential loss of other
and paperwork by transferring it to all your super in your Crescent benefits such as insurance. Also consider the current Crescent
Wealth account. Having one super fund may also give you more Wealth Product Disclosure Statement available at
control over your investment strategy. To find out how easy it is to www.crescentwealth.com.au or contact Crescent Wealth Helpline
rollover, just call Crescent Wealth Helpline on 1300 926 626. on 1300 926 626.
YOUR OPTIONS
………………………………………………………………………………………………………………………………………………………………………
The Fund provides investment options and insurance options. You
also have various contribution options. You can request more
information about these choices by contacting the Crescent Wealth
Helpline on 1300 926 626.
Page 6
FEES AND COSTS SUMMARY FOR THE PERIOD 1 JULY 2018 TO 30 JUNE 2019
………………………………………………………………………………………………………………………………………………………………………
We are required to provide you with information about fees and costs. If you have any queries about the information shown please contact
Crescent Wealth Helpline on 1300 926 626.
Direct fees: $93.47

These amounts have been deducted directly from your account
and are reflected as transactions on this statement.
Indirect costs of your investment: $178.91
This approximate amount has been deducted from your
investment and covers amounts that have reduced the return on
your investment but are not charged as a fee.
Other fees of your investment: $104.32
This approximate amount or amounts have been deducted from
your investment and covers fees that are not reflected as
transactions on this statement.
Total fees you paid: $376.70
This approximate amount includes all the fees and costs which
affected your investment during the period.
ADDITIONAL EXPLANATION OF FEES AND COSTS

………………………………………………………………………………………………………………………………………………………………………
Direct fees Total fees you paid

Direct fees represent any fees and insurance premiums deducted Total fees you paid are the total amount of the “Direct fees”, “Other
directly from your account. For more information, refer to the fees” and “Indirect costs” shown above.
transaction summary provided earlier in this statement.
Tax deductions
Indirect costs
Tax of 15% is generally payable on taxable contributions such as
Indirect costs represent the amounts deducted from your Employer contributions (including Salary Sacrifice contributions).
investment outside the Fund that are not charged as a fee. Tax is also payable on investment earnings of the Fund at a
maximum rate of 15%. As the Fund is allowed a tax deduction in
The amount shown is an approximate amount attributable to your respect of certain fees and costs, the rate of tax actually payable
investment and may include: by the Fund may be less than 15%. The benefit of any tax
• any expense allowance of underlying investments deductions, if applicable, is passed on to members as an
adjustment transaction. For more information, refer to the
• net explicit transactional and operational costs in underlying
transaction summary provided earlier in this statement.
investments
• performance related fees in underlying investments; and
• any other indirect costs
Other fees
Other fees represent percentage based administration fees
deducted from your investment by being reflected in the Fund’s
unit prices. It does not include any fees deducted directly from your
account. The amount shown is an approximate amount attributed
to your investment.
Page 7
Additional Information
OTHER NOTES
………………………………………………………………………………………………………………………………………………………………………
Dispute Resolution Our obligation to you

If any part of our service has not been to your satisfaction, we We want you to be clear and confident that you understand your
encourage you to get in touch. If you wish to make a complaint, super benefit entitlements. The Trustee has an obligation to
you can contact the Enquiries and Complaints Officer by writing to provide you with any information you reasonably require to
the address below or by calling Crescent Wealth Helpline on 1300 understand your super benefit entitlements. If you would like any
926 626: information about your benefit entitlements, investments within the
Fund or the fees, charges and expenses applicable to the Fund,
The Complaints Officer you can refer to the current Crescent Wealth Product Disclosure
Crescent Wealth Statement (PDS) available on our website, crescentwealth.com.au
GPO Box 4650 or contact Crescent Wealth Helpline on 1300 926 626.
Melbourne VIC 3001
Your privacy is important to us
You may also be able to lodge a complaint with the Australian
Financial Complaints Authority (AFCA), although AFCA will not For information on privacy and the handling of your personal
normally deal with a complaint until it has been through the information please refer to our website
Trustee’s complaints handling process. AFCA provides fair and www.crescentwealth.com.au.
independent financial services complaint resolution that is free to
consumers:
Online: www.afca.org.au NEED HELP?
Email: info@afca.org.au Call the Crescent Wealth Helpline Team between 9am to
Phone: 1800 931 678 6pm (AEST) - Mon to Fri on 1300 926 626.
Mail: Australian Financial Complaints Authority
GPO Box 3
Melbourne VIC 3001
Time limits may apply to complain to AFCA so you should act
promptly or otherwise consult the AFCA website to find out if or
when the time limit relevant to your circumstances expires.
Complaints lodged with the Superannuation Complaints Tribunal
before 1 November 2018 will continue to be dealt by them.
Page 8
Additional Information
ACCESSING YOUR SUPER

………………………………………………………………………………………………………………………………………………………………………
The Government has placed restrictions on when you can access Generally, these include where you:
your super. • leave your employer at or after age 60, or
Restricted Non-Preserved • retire permanently from the workforce at or after your preservation
age, or
The restricted non-preserved amount (if any) is the part of your • attain age 65 (fund conditions may apply), or
benefit that is payable on meeting a condition set down by
• become permanently disabled, terminally ill or die, or
Government, for example, ceasing employment after reaching your
preservation age or upon attaining age 65. Please note that this • satisfy certain compassionate grounds or financial hardship criteria
amount may not be payable in cash in these circumstances if you are as specified by legislation, or
a temporary resident of Australia. More details on the conditions of • leave your employer and your total benefit is under $200 (and you
release for temporary residents can be found below. are not a temporary resident), or
• qualify for a release under the First Home Super Saver Scheme
Unrestricted Non-Preserved (limits and other criteria as specified by legislation apply).
The unrestricted non-preserved amount (if any) is the part of your The conditions of release applicable to most temporary residents are
benefit that is payable in cash at any time. different. If you are not an Australian or New Zealand citizen or an
Preserved Australian permanent resident, a condition of release may only be
met if you become permanently disabled, terminally ill or pass away
The preserved amount is the part of your benefit which by law must or in some circumstances on departing Australia and cancellation or
be kept in a superannuation fund or other approved arrangement expiry of your visa.
until you meet one of the conditions set down by the Government.
Date of Birth Preservation Age
After 30 June 1964 60
1 July 1963 – 30 June 1964 59
1 July 1962 – 30 June 1963 58
1 July 1961 – 30 June 1962 57
1 July 1960 – 30 June 1961 56
Before 1 July 1960 55
About this statement: This member statement provides a guide to your super benefit entitlements in the Crescent Wealth Superannuation Fund. The amount
of those benefits shown in this statement reflects the super payout that may have been payable to you had you left the Crescent Wealth Superannuation Fund
as at the end of the reporting period. The amount of your actual super payout will be determined and calculated as at the date you leave the Crescent Wealth
Superannuation Fund and as such may vary from the amounts shown in this statement. The amounts shown are based on your personal details as set out
inside. The Trustee believes these details to be accurate, complete and up to date. However, errors sometimes occur and the Trustee reserves the right to
correct them. You should check the details carefully and if you believe there are any errors please call Crescent Wealth Helpline. Before making any decisions
based on the information set out in this statement, you should confirm the amounts by calling Crescent Wealth Helpline. The Trustee also recommends that
you confirm the amount of your super payout before you leave the Crescent Wealth Superannuation Fund. This annual statement is issued on behalf of the
Trustee.
Page 9

Your Crescent Wealth Super Annual Statement: You May Have Other Funds Out There, Don't Lose Track of These

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Mr Lawal Olanrewaju Awoniran

5/1 Pegler Avenue

Your Crescent Wealth Super Annual Statement

Talal Yassine OAM

Prepared for Lawal Olanrewaju Awoniran

Mr Lawal Olanrewaju Awoniran Your super balance

Dear Lawal Email: lawal@frontee.com

YOUR SUPER ACCOUNT SUMMARY

Withdrawals $0.00 Total $18,803.75

Crescent Wealth Superannuation Fund

Log in to your online account at crescentwealth.com.au to change your investment options.

YOUR ACCOUNT INVESTMENT SUMMARY AT 30 JUNE 2019

Investment Option Units Held Unit Price Value

Future Investment Strategy Allocation

YOUR ASSET MIX AT 30 JUNE 2019

Defensive assets Defensive 56.15 % Growth 43.85 % Growth assets

INVESTMENT RETURNS AT 30 JUNE 2019 (P.A.%)

YOUR INSURANCE ARRANGEMENTS AT 30 JUNE 2019

Death Total & Permanent Disablement

Insurance cover $0.00 Insurance cover $0.00

+ Your account balance $18,803.75 + Your account balance $18,803.75

Your age as at 30 June 2019: 42 years old.

Income Protection Benefit (Monthly) $0.00

What you started with at 1 July 2018 $18,207.29

WHAT WENT IN - CONTRIBUTIONS AND ROLLOVERS

WHAT WENT OUT – FEES, PREMIUMS, TAX AND WITHDRAWALS

Date Transaction description Amount

Contributions Tax and Adjustments

Date Transaction description Amount

Net Investment earnings $675.89

CONCESSIONAL AND NON-CONCESSIONAL CONTRIBUTION AMOUNTS

DIVISION 293 TAX

CONSOLIDATING YOUR ACCOUNTS

Direct fees: $93.47

ADDITIONAL EXPLANATION OF FEES AND COSTS

Direct fees Total fees you paid

Dispute Resolution Our obligation to you

ACCESSING YOUR SUPER

Date of Birth Preservation Age

After 30 June 1964 60

1 July 1963 – 30 June 1964 59

1 July 1962 – 30 June 1963 58

1 July 1961 – 30 June 1962 57

1 July 1960 – 30 June 1961 56

Before 1 July 1960 55

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