RateCity.com.au
Advertisement

AMIST Super Personal Division

Past 5-year return
9.86%
Admin fee
$88
Calculated Fees on 50k
$603
Low fees
Affinity with members and employers
Choice of 6 investment options (including a MySuper option)
Comprehensive and complete financial advice
Education seminars nationwide member service visits
Member specific over the phone financial advice at no extra cost
Default Death and TPD and automatic Income Protection cover at reasonable rates
Originally established to serve members in the meat industry, AMIST (Australian Meat Industry Superannuation Trust) Super is today a public offer industry fund with all profits generated by the fund to members. The Personal division opened in 2007, and is designed to members wanting to make direct contributions, rather than through an employer. The investment menu of this product consists of six Diversified and Single-Sector investment options suitable for members with different risk profiles. The Balanced option underperformed the SuperRatings Index over the 5 years to 30 June 2017. Fees for the Balanced option are lower than the industry average across all assessed account balances. No Switching fee is charged for changing investment options and the Indirect Cost Ratio (ICR) is capped at 0.10% p.a. However, exit fees apply for withdrawals. Eligible members under age 70 automatically receive Death only, TPD and Income Protection (IP) cover. Members can also increase their existing Death & TPD cover upon the occurrence of certain Life Events, with no health questions required. IP covers up to 75% of salary, or a maximum monthly benefit of $50,000, with a 2 year benefit payment period and a 30 day waiting period. AMIST members are provided with ancillary benefits, including discounted home loans, credit cards, savings accounts and health insurance. Members also have access to financial planning services via Link Advice, and can request rollovers through the online MemberAccess portal.

Fees & fund features

Admin fee
Admin fee
$88
Exit fee
Exit fee
$50
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.96%
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
$88
Exit fee
Exit fee
$50
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.96%
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
Compare your product with the big 4 banks, or add more products to compare