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Commonwealth Bank Group Super - Retirement Access

Past 5-year return
10.00%
Admin fee
$66
Calculated Fees on 50k
$391
Choice of fortnightly, monthly, quarterly, half-yearly or annual payments.
Online access to view account details and switch online.
Transition to retirement option.
Choice of up to 5 investment options.
No fees to join, switch, receive pension payments or make additional withdrawals.
Non-lapsing binding nominations.
Two periodic statements a year.
Commonwealth Bank Group Super is the superannuation fund for current and former Commonwealth Bank Group employees and their spouses. This product opened in 2000, with a minimum initial investment of $20,000 required to commence membership.Commonwealth Bank Group Super offers a range of 5 investment options to choose from, providing members with access to 4 Diversified options and a Cash option. The Balanced option underperformed the SuperRatings Index over the 5 years to 30 June 2017, with outperformance over the longer term evident. Fees are highly competitive and lower than the industry average across all account balances assessed. Members are able to switch investment options and make withdrawals at no cost. Commonwealth Bank Group Super - Retirement Access offers a reasonable level of flexibility with members having a choice of 5 payment frequencies and payment dates being set by the fund. Commonwealth Bank Group Super is one of the few funds to allow members to make a non-lapsing binding death benefit nomination. A range of online tools, calculators and educational resources are available through the fund's website. Online access and transaction facilities are available through the member account tool FirstNet, while members' account balances are also visible within Commonwealth Bank's NetBank and Mobile App.

Fees & fund features

Admin fee
Admin fee
$66
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
0.48%
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
$66
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
0.48%
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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