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Commonwealth Superannuation Corporation retirement income

Past 5-year return
New fund
Admin fee
$360
Calculated Fees on 50k
$885
A retirement and transition to retirement product specifically for Australian Government employees .
Access to fee-for-service financial planning from Industry Fund Services, with no hidden commissions.
Free Holistic retirement education, retirement planning Seminars and workshops.
All APS members can use external monies to establish a CSCri account.
Members can add additional money via the 'Restart option'.
Commonwealth Superannuation Corporation retirement income (CSCri) was introduced in April 2013 to provide members of the Public Sector Superannuation accumulation plan (PSSap) with a retirement service. A minimum initial investment of $20,000 is required to commence membership.A menu of 4 investment options is available, including 3 Diversified options and a Cash option. The Balanced option outperformed the relevant SuperRatings Index over the 3 years to 30 June 2017, while longer term performance is currently not available. Fees are lower than the industry average across medium and large account balances, while less competitive for those with small account balances. Members are entitled to 2 free investment switches each financial year, while an exit fee applies for lump sum payments. CSCri provides reasonable levels of flexibility with a choice of 5 payment frequencies. Members with more than one investment option can nominate the proportion of, or order in which, payments are to be drawn from each option. Beneficiary options are comprehensive, including both binding and non-binding nominations, as well as reversionary pensions and child nominations. A transition to retirement income stream is also available to members.CSCri provides members with access to free in-house and public workshops around Australia, as well as a range of online fact sheets, calculators and educational videos. Member Services Online allows members to view and update account details, as well as perform transactions.

Fees & fund features

Admin fee
Admin fee
$360
Exit fee
Exit fee
$36
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.00%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$20
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
$360
Exit fee
Exit fee
$36
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.00%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$20
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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