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Lutheran Super - Account Based Pension

Past 5-year return
10.96%
Admin fee
$156
Calculated Fees on 50k
$576
No information was provided by the fund to SuperRatings, Hence an alert rating may be given in areas where a qualitative assessment cannot be made. For available information refer to the fund's PDS.
Lutheran Super was established as a Superannuation fund for employees of the Lutheran Church and their families. The Account Based Pension product launched on 1 July 2008 and provides members with an income stream both pre and post retirement. Members require $50,000 to open an account, and can open either an Account Based Pension or Transition to Retirement Pension.The investment menu consists of three Multi and three Asset Specific options including a Socially Responsible Australian Shares option for the ethical investor. Members have the flexibility to be able to invest in six options at any given time. Lutheran Super's Balanced option underperformed the SuperRatings Index over the short and long term.Lutheran Super's fees are lower than the industry average across all account balances assessed and members are entitled to unlimited free investment switches. It is noted that the fixed dollar fee relates to the standard Account Based Pension. This fee is higher for a Transition to Retirement Pension.Members are restricted to monthly pension payments. However, the fund does offer binding, non-binding and reversionary death benefit nominations.Lutheran Super's website includes a navigation functionality and educational material. Members have access to a good selection of planning tools on a range of financial matters.

Fees & fund features-0

Admin fee
Admin fee
$156
Exit fee
Exit fee
$122
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.54%
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
$156
Exit fee
Exit fee
$122
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.54%
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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