Virgin Money

Credit Services Disclaimer 

You should consider if the credit card is suitable for you before applying. A range of credit products are available to help you earn Velocity frequent Flyer points. Neither Velocity Frequent Flyer (VFF) nor Virgin Airways (VA) is suggesting you should apply for a particular product with a particular provider. You should consider the available options and select an option you consider is appropriate for you. 

To obtain a copy of the Target Market Determination (TMD) related to this product click here

Virgin Money Super

15. Velocity Points are available to new and existing Virgin Money Super customers. 1 Velocity Frequent Flyer Point will be awarded for every $5 of Net Super contribution during the Points Earn Period.  The maximum number of Velocity Points you may earn in respect of any financial year is 250,000 Velocity Points. The number of Velocity Points Virgin Money will allocate to you for a Points Earn Period is based on the net contributions in your Virgin Money Super account during that period. Points are allocated to your account approximately 3½ months after the Points Period end. See Virgin Money’s Super Engagement Program Page  for more details. To be eligible to earn Velocity Points for a given Points Earn Period, you must be a member of Virgin Money Super on the relevant Points Issue Date , you must have updated your Virgin Money Super account with your Velocity membership number, name and surname before the last business day of the relevant Points Earn Period; you must have had a superannuation guarantee contribution or a voluntary contribution received into your Virgin Money Super account during the relevant Points Earn Period and you must be an individual who is an Australian permanent resident or citizen and you must be an active member of Velocity Frequent Flyer. You must not have made a rollover out of your Virgin Money Super account in the 18 months before the relevant Points Issue Date.

This information is general advice and does not take into account your objectives, financial situation or needs. Before acting on this advice, please consider the Product Disclosure Statement, Financial Services Guide and Target Market Determination available at virginmoney.com.au/super.

Combining your super can be a significant financial decision. If you decide to combine all or part of your other super account(s), carefully consider how this may have an impact on your existing insurance, contribution and tax arrangements, fees or charges, or any other benefits you may lose. We recommend you seek financial advice before deciding whether to combine your super accounts.

If you are considering making voluntary contributions into your Virgin Money Super account, you should consider your personal circumstances, the impact of such contributions to your contribution caps, as well as associated taxation issues before making any decision on making voluntary contributions. Concessional tax rates do not apply on contributions which exceed government contribution limits. See the ‘How Super is Taxed’ section of the Virgin Money Super Product Guide and the contribution fact sheet on our website for more information about contribution types and limits.

Past performance is not a reliable indicator of future performance. The value of an investment in the Virgin Money Super Plan may rise and fall from time to time. The investment performance, earnings and return of capital are not guaranteed.

To earn and redeem Velocity Points, you must be a Velocity member. Velocity Frequent Flyer issues Velocity Points on instruction from Virgin Money. Velocity membership and Points earn and redemption are subject to the Member Terms and Conditions , as amended from time to time.

Virgin Money Financial Services Pty Ltd ABN 51 113 285 395 (Virgin Money) provides and operates Virgin Money's Super Engagement Program. Virgin Money reserves the right to change or withdraw Virgin Money’s Super Engagement Program at any time in line with the Virgin Money Super Engagement Program Terms & Conditions. Virgin Money Super is a plan in the Mercer Super Trust ABN 19 905 422 981. Virgin Money Super is issued by Mercer Superannuation (Australia) Limited (MSAL) ABN 79 004 717 533 AFSL 235906 as trustee of the Mercer Super Trust. For more information about Virgin Money Super, please refer to the PDS which is available free of charge on our website or by calling the Customer Care team on 1300 652 770.

The material on this webpage has not been prepared by Velocity Frequent Flyer Pty Ltd (VFF) or Virgin Australia (VA).