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legalsuper MySuper Balanced

Past 5-year return
10.84%
Admin fee
$68
Calculated Fees on 50k
$658
Dominant fund for national legal profession
MySuper Diversified Balanced option
Default Death & TPD cover provided
Field team to service member and employer base
Ancillary benefits include discounts across banking, health care and financial advice services
Established in 1989 to provide superannuation services to legal professionals, legalsuper is now a public offer industry fund dedicated to serving the legal community. The fund was a finalist of the 2017 SuperRatings Rising Star Award in recognition of its consistent improvements to its product offering, which have significantly enhanced value to members. The legalsuper MySuper Balanced option is an actively managed diversified investment option. It has outperformed the SuperRatings Index over the short to long term. Choice members have access to 11 additional Diversified and Single-Sector investment option. Access to a selection of shares, ETFs, LICs and term deposits is also available via the Direct Investment Option, however, additional costs may be incurred.Fees for the MySuper Balanced option are lower than the industry average across all assessed account balances, with the administration fee capped for account balances over $350,000 as at 30 June. No Switching fees are charged, although transactional costs may be incurred when changing investment options. Exit fees do apply.legalsuper's Death Only, Death & TPD and Income Protection (IP) offerings are competitive compared to industry peers. A high level of flexibility is available under IP insurance, with a choice of 2 year, to age 60 or to age 65 benefit periods. Members can also apply for unlimited Death Only and up to $3 million of Death & TPD cover. legalsuper members have access to workplace seminars and one-on-one meetings with Client Service Managers. The fund supports professional development for its members, and has been working with SANE Australian on Mental Health Programs.

Fees & fund features

Admin fee
Admin fee
$68
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
0.74%
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
$68
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
0.74%
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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