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ING Pension Account

Past 5-year return
New fund
Admin fee
$60
Calculated Fees on 50k
$510
Simple and online super solution. For all stages of life.
A range of investment options available
Competitive investment and administration fees
Access to real-time online share trading
Automatic insurance cover provided for eligible super accounts
Pension and Transition to Retirement account options available for eligible customers to draw regular income
Established in 2012, ING Living Super is a simple online retirement solution that can be tailored to suit the needs of members throughout their life.The fund offers Cash and Term deposits which are managed by ING DIRECT, three diversified strategies and a range of single sector funds. Members looking for more control can access direct equities from the S&P/ASX 300 index and a selection of Exchange Traded Products for an additional fee. The Growth option underperformed the SuperRatings Index over the past two years. The new fee structure from 1 June 2017 includes a flat administration fee of $60 pa and an Operational Risk Financial Requirement cost of 0.03% - 0.14% for all accounts, as well as an Indirect Cost Ratio of up to 0.08%, which applies to Smart and a number of Select investment options. A percentage based administration fee of 0.50% up to $2,500 pa is also charged for investments from the Select, Smart or Shares investment categories. For managed funds held within the Smart and Select investment categories, an Investment fee and Buy-Sell spread also apply. A good level of pension flexibility is provided, including a range of payment frequencies from fortnightly to annually. Pension payments are made directly into the member's nominated bank account and can increase automatically annually in line with CPI. A minimum initial investment of $20,000 is required to commence a Pension or Transition to Retirement account. Other benefits include access to financial advice offered through Link Advice, online retirement calculators and single account access to both banking and superannuation transactions.

Fees & fund features

Admin fee
Admin fee
$60
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
0.26%
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
$60
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
0.26%
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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