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MyLife MyPension

Past 5-year return
12.06%
Admin fee
$101
Calculated Fees on 50k
$581
Dedicated pension service centre. Direct (Electronic) reporting to Centrelink.
Extensive online account management including online member statements and online withdrawal facility.
Additional benefits including reduced loans, credit cards and health insurance.
Access to in-house financial planners. Dedicated pension seminars.
MyLife MyPension is provided by MyLifeMyMoney Superannuation Fund, which was established in 1971 to offer superannuation for the employed and the self-employed. MyLife MyPension has achieved a Platinum rating for the past 10 consecutive years and was a finalist for the 2017 Pension of the Year award. The fund is also Infinity Recognised, which is a result of its strong commitment to environmental and social principles.The investment menu covers a broad range of 'Managed Choice' and 'Build Your Own' options, including RetirePlus and RetireStable, which are tailored to members in, and transitioning to, retirement, as well the MyLife MyPortfolio Investment Option providing access to Direct Shares listed on the S&P/ASX 200, a range of Exchange Traded Funds (ETFs) and Term Deposits. The Balanced option has outperformed the SuperRatings Index over the short and long term. The fee structure is competitive, with fees lower than the industry average across all account balances assessed. No fees are charged for switching investments; however, an exit fee is applied for the full closure of an account.MyLife MyPension provides good flexibility, with members having the ability to receive payments fortnightly through to annually and members able to nominate the investment option(s) from which pension payments are to be taken. Members can also select from reversionary pension, binding death nomination and non-binding lump sum death benefits.MyLife MyPension provides members with access to a free seminar program, as well as a range of online fact sheets, calculators and educational videos. The fund's secure online facility, MyLife Online, further allows members to view and update account details and perform transactions.

Fees & fund features-0

Admin fee
Admin fee
$101
Exit fee
Exit fee
$0
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.76%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$0
Employer size discount
Employer size discount
Home loans
Home loans
Non-lapsing binding nominations
Non-lapsing binding nominations
Long term income protection
Long term income protection
Admin fee
Admin fee
$101
Exit fee
Exit fee
$0
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.76%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$0
Employer size discount
Employer size discount
Home loans
Home loans
Non-lapsing binding nominations
Non-lapsing binding nominations
Long term income protection
Long term income protection
Fund fees vs. Industry average
Fund past-5-year return vs. Industry average
Investment allocation
Investment option performance
+ View additional option performance information
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