Your interest will be credited to your transaction account at the date of maturity. 

Investments in term deposits are placed on a Friday (or the next business day if the Friday falls on a public holiday). You can request investment in a term deposit at any point during the week before 11.59pm AEST/AEDT on a Thursday. If your request is received after this time, it will take effect from the following Friday.  

If you want to cancel a term deposit, you have until 11.59pm AEST/AEDT on the Thursday after you place the term deposit order to cancel your request without incurring any penalties.

Applications to redeem a term deposit before it matures will only be granted in limited circumstances. These are:

• payment of a total and permanent disability (TPD) insurance benefit
• payment of a terminal illness benefit 
• payment of a death benefit
• payment under financial hardship grounds
• payment under compassionate grounds, or under the order of a court of a relevant government agency (i.e. ATO, Attorneys General, APRA or ASIC). 
  
  

If you meet one of the above criteria and you or your beneficiaries redeem your term deposit before the maturity date, the interest rate will be reduced as follows:

• If the term deposit has been invested for 0 to 50% of the total term, the interest rate will be reduced by 50%. 
• If the term deposit has been invested for more than 50% of the total term, the interest rate will be reduced by 20%. 

Choiceplus allows you to specify reinvestment preferences on a term deposit at the time you place the initial order, or at any time during the term up to two days before the day of maturity. 

The reinvestment options are:

• reinvest the principal only, or the principal plus net interest 
• purchase a term based on the same term and same provider as the maturing term deposit, or based on the same term and best rate 
• reinvest only, or reinvest using these preferences until cancelled.  

On the day of maturity, the principal plus net interest will be deposited into your transaction account and a new order will be created based on your reinvestment preferences. 

The term deposits available through Choiceplus are not covered by the Financial Claims Scheme guarantee, as they are not held in separate trust for each individual member. 

The Financial Claims Scheme only applies to super fund members if the trustee holds bank deposits with an approved authorised deposit-taking institution (ADI) on separate trust, which it treats as different ‘account holders’. Hostplus pools together all the term deposits placed each week for each term deposit issuer to minimise the cost to members.  

You cannot currently transfer shares you already personally own into your Choiceplus account. 

When you place your buy order, you can select whether you want your order to be valid for the day or for 30 days. This is called the ‘expiration period’. 

If you choose ‘good for the day’, Hostplus will attempt to execute your order on the day the order was requested. If all, or part, of your order is unable to be executed on that day, your order (or part of your order) will expire.  

If you choose ‘good for 30 days’, Hostplus will attempt to execute your order within 30 calendar days from the date of your order request. If all, or part of, your order is unable to be executed within that period, your order (or part of your order) will expire.  

For all limit and market orders which are not fully executed in the same trading day, normal brokerage will be charged for the total portion executed each day. 

Yes, you can cancel or change trades that have not been fully executed. 

You can choose from a selection of ETFs that provide exposure to Australian and international markets.

The ETFs on Choiceplus have been selected by Hostplus based on recommendations from Lonsec, a specialist investment research house and the leading provider of quality managed fund and ETF research in the Australian market. 

Click here to view a full list of ETFs available in Choiceplus.

Yes, you can cancel or change trades that have not been fully executed. 

Yes, you can cancel or change LIC orders that have not been fully executed. 

The Choiceplus investment option can carry capital losses forward, which may provide you with tax benefits. A capital loss occurs when an asset loses value in between buying and selling it. Although capital gains must be realised and taxed each year, capital losses can be carried forward to be offset against future gains.  

Choiceplus allows you to carry forward any realised capital losses in relation to the sale of shares, ETFs and LICs to be offset against future gains. These are included in the calculation of the current year’s net capital gain (or loss) calculations. 

Shares can provide tax benefits to shareholders in the form of franking credits, which are also known as imputation credits. Franking credits are attached to dividends and apply to the amount of tax a company has paid on its profits. Australian companies pay tax at a rate of 30%, which is the maximum franking credit investors can receive. 

Super funds pay a maximum tax rate of 15% on income from investments, although pension accounts are not subject to tax. Any dividends that have been taxed at a rate higher than 15% will return a franking credit to you. The franking credit is equivalent to the difference between the superannuation fund tax rate and the tax rate paid by the company.   

Franking credits are credited back to your account and can help to improve net investment returns. They’ll either be added to your transaction account or reinvested, if you have selected that option.  

The following examples show how franked dividends can provide a tax benefit. 
 

Example 1: An unfranked dividend of $70

Step 1. Calculate dividend income

• Unfranked dividend income: $70
• Total dividend income: $70
• Taxable income: $70

Step 2. Multiply taxable income by 15% to calculate tax (withheld)/refund due

• Tax (withheld)/refund received: ($10.50)

Step 3. Deduct tax withheld from total dividend income to calculate net dividend income

• Net dividend income: $59.50
   

Example 2: A fully franked dividend of $70 

1. Calculate dividend income 

• Fully franked dividend income: $70
• Total dividend income: $70 
• Franking credit: $30  
  

2. Add fully franked divided income to franking credit to calculate taxable income 

• Taxable income: $100  

3. Multiply taxable income by 15% and deduct franking credit to calculate tax (withheld)/refund due  

• Tax (withheld)/refund received: $15  

4. Add tax (withheld)/refund to total dividend income to calculate net dividend income 

• Net dividend income: $85 
  
  

Example 3: A partially franked dividend of $70 

1. Calculate dividend income 

• Unfranked dividend income: $40 
• Fully franked dividend income: $30

2. Add fully franked dividend income and unfranked dividend income to calculate total dividend income

• Total dividend income: $70 
• Franking credit: $10  

3. Add franking credit to total dividend income to calculate taxable income 

• Taxable income: $80  

4. Multiply taxable income by 15% then deduct franking credit to calculate tax (withheld)/refund due 

• Tax (withheld)/refund received: ($2)  

5. Add tax (withheld)/refund due to total dividend income to calculate net dividend income 

• Net dividend income: $68

Your account includes access to a standard suite of news and market summary information from Morningstar. This includes access to key fundamental analysis ratios for local and global companies, including revenue, earnings, dividends, return on assets, income, profitability and valuations. 

You’ll receive alerts and emails via the Choiceplus online platform advising you of any corporate actions you need to be aware of, as well as dividend payments that are relevant to your investments.  

You’ll also receive alerts for listed investments that are on your watchlist. 

The following reports can be downloaded from the Choiceplus platform:

• Portfolio valuation report: Provides a breakdown of the current valuations of your cash, term deposits, shares, ETFs, LICs and other investment options. It also includes a consolidated valuation of your entire portfolio. 
• Cash transaction report: Details transactions from your transaction account for a specified date range. 
• Fees and expenses report: Details fees and expenses such as administration fees, brokerage, and data services for a specified date range. 
• Dividend report: Details dividends paid on your share portfolio for a specified date range. Includes franked and unfranked dividend income, franking credits, tax withheld and net dividend income. 
• Unrealised capital gains and tax report: Details unrealised capital gains and capital losses for your share portfolio for financial year periods. 
• Capital gains disposal and tax report: Details realised capital gains and unused realised capital losses on share sales for financial year periods.