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Local Government Super MySuper Age Based Investment Strategy

Past 5-year return
9.98%
Admin fee
$71
Calculated Fees on 50k
$766
Strong commitment to sustainable investing
Access to financial planning service
Insurance offering with competitive rates for automatic insurance
Member benefit program provides discounts for travel accommodation, phone and rental cars
Full public offer license via Division P which allows members of the public to join, provided that they are eligible to join a superannuation fund in Australia
Originally established to provide retirement benefits to employees of NSW Local Governments in 1997, Local Government Super (LGS) is now a public offer industry fund. The fund won the 2018 SuperRatings Infinity Award for the sixth time for its exceptional commitment to social, ethical and environmental principals. Based on the existing diversified investment options offered in the Accumulation Scheme, the fund's MySuper Age Based Investment Strategy automatically moves members between these options, as they reach specified ages. The performance of the Balanced Growth option has been competitive compared to the SuperRatings Index over the short and long term. Choice members have access to an additional 6 Diversified and Single Sector options, with a selection of shares, ETFs and term deposits also provided via the DIY Investment Option. Fees for the Balanced Growth option are lower than the industry average on small account balances, with higher than average fees charged on medium and large account balances assessed. Transaction fees also apply for withdrawals, investment and product switches. LGS' Death only, Death & TPD and Income Protection (IP) offerings are competitive compared to industry peers, with Basic Death and/or TPD cover automatically provided to eligible members upon joining the fund. Voluntary IP is available over a 2 year or to age 65 benefit period, covering up to 85% of salary or a maximum monthly benefit payment of $25,000.

Fees & fund features

Admin fee
Admin fee
$71
Exit fee
Exit fee
$27
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.37%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$27
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
$71
Exit fee
Exit fee
$27
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.37%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$27
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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