Mine Super was originally established in 1941 under the Coal and Oil Shale Mineworkers (Pensions) Act and was designed to provide for the retirement needs of members employed within the coal mining industry. The fund is a public offer fund and allows members from all industries to apply for membership, with a minimum initial investment of $15,000 required to commence membership.Mine Super Account Based Pension offers an investment menu of 5 diversified options and 5 single sector options, as well as term deposits. The Balanced option outperformed the relevant SuperRatings Index over the year to 30 June 2020; however, underperformed across other assessed time periods.Fees are lower than the industry average across all account balances assessed. No additional fees are charged for switching between investment options.Mine Super Account Based Pension offers reasonable pension flexibility, with members able to select from fortnightly through to yearly payment frequencies. Members can also select from binding death nomination or non-binding lump sum death benefits.Mine Super offers members access to financial advice services, as well as provides regular information seminars in major mining areas throughout NSW and Queensland.

Read More