Mine Superannuation Fund

Mine Super AP

Past 5-year return
New
Admin fee

$180

Calc fees on 50k

$510

SuperRatings awards
Platinum10 Year Platinum Performance
Past 5-year return
New
Admin fee

$180

Calc fees on 50k

$510

SuperRatings awards
Platinum10 Year Platinum Performance

Pros and Cons

Pros and Cons

  • The industry fund for Australia's coal community since 1941.
  • A fundamental commitment to understanding and meeting the needs of coal miners and their families. Dedicated, responsive and personalised customer service.
  • Above median long term investment returns, with fees well below the industry and not for profit average.
  • Scaleable, competitively priced advice and education which allows members to choose the level of guidance they need via their preferred delivery method.

Summary

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.

Features and Fees

Mine Super Fees and Features

    Pros and Cons

    • The industry fund for Australia's coal community since 1941.
    • A fundamental commitment to understanding and meeting the needs of coal miners and their families. Dedicated, responsive and personalised customer service.
    • Above median long term investment returns, with fees well below the industry and not for profit average.
    • Scaleable, competitively priced advice and education which allows members to choose the level of guidance they need via their preferred delivery method.

    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.

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    Mine Super Fees and Features

      Fund fees vs. Industry average
      THIS FUND
      INDUSTRY AVERAGE
      Fund past-5-year return vs. Industry average
      THIS FUND
      INDUSTRY AVERAGE
      Investment allocation
      INTERNATIONAL SHARES
      AUSTRALIAN SHARES
      PROPERTY
      ALTERNATIVES
      FIXED INTEREST
      CASH
      OTHER
      Investment option performance
      HIGH GROWTH
      CONSERVATIVE BALANCE
      DIVERSIFIED FIXED INTEREST
      GROWTH
      AUSTRALIAN SHARES
      INTERNATIONAL SHARES
      CAPITAL STABLE
      PROPERTY
      CASH
      + View additional option performance information