Australia Post Superannuation Scheme - Allocated Pension

Compare
Past 5-year return
New fund
Admin fee
$78
Calculated Fees on 50k
$713
No information was provided by the fund to SuperRatings, hence an alert rating may be given in areas where a qualitative assessment cannot be made. For available information refer to the fund's PDS.
Australia Post Superannuation Scheme (APSS) Allocated Pension was established in 1997 to provide retirement services to employees or associated employer of Australia Post, and their spouses. The retirement plan services both current and previous employees, however, is not open to the public.The APSS offers three diversified investment options and a single sector cash option to its members. As the three diversified investment strategies were introduced on July 2017, there are no past crediting rates for these options.Fees are higher than the industry average across all assessed account balances. No buy-sell spread, switching or exit fees apply. When the trustee can claim tax deductions on administration costs, a fee rebates is able to be passed on to members to reduce their administration fees. The APSS account provides below average pension flexibility. Members can choose from monthly, quarterly or yearly payments that are paid to a nominated bank account. Members are also able to choose to nominate binding, non-binding or reversionary beneficiaries. The member is also able to choose between drawdown strategies on a priority or pro-rata basis. Members have access to a range of educational materials, newsletters and calculators found online in the fund's website.

Fees & fund features

Admin fee
Admin fee
$78
Exit fee
Exit fee
$0
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.24%
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
$78
Exit fee
Exit fee
$0
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.24%
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
As seen on