Australian Catholic Superannuation & Retirement Fund

Australian Catholic Superannuation - RetireSmart

Winner of SuperRatings Platinum 2021 Pension

Past 5-year return
New

% p.a

Admin fee

$78

Calc fees on 50k

$568

SuperRatings awards
SuperRatings Platinum 2021 Pension
Past 5-year return
New

% p.a

Admin fee

$78

Calc fees on 50k

$568

SuperRatings awards
SuperRatings Platinum 2021 Pension

Pros and Cons

  • Expertise through self administration.
  • Personalised customer service.
  • Member education (seminars, newsletters, trade exhibitions and articles).
  • Member online access.
  • Retirement seminars.

Australian Catholic Superannuation was established in 1981 to provide retirement benefits to those who work in Catholic education, healthcare, aged care and welfare, with membership now open to the general public. Most recently, the fund announced plans to merge with NGS Super.RetireSmart uses a 'two-bucket' investment model, with a member's account balance separated into two distinct investment buckets; 'Growth bucket' and 'Cash bucket'. The 'Cash bucket' is used to fund pension payments and the 'Growth bucket' is used to generate income and growth, with the 'Cash bucket' automatically topped up on a regular basis from the 'Growth bucket'. Alternatively, if the balance in the 'Cash bucket' rises to above three times the members' nominated annual pension income, then the excess money will be transferred back into the 'Growth bucket'. The Growth option outperformed the SuperRatings Index over the 1-year period to 30 June 2020; however, underperformed over 3 years.Fees are lower than the industry average across all account balances assessed, with the asset-based administration fee capped at $2,000 pa. Members can switch investment options at no cost. RetireSmart provides good flexibility, with members having the ability to receive payments weekly through to annually. Members can also select from reversionary pensions, binding death nomination and non-binding lump sum death benefits.Members have access to complementary general advice and tailored personal advice, as well as a range of online tools, calculators and educational resources available through the fund's website. The secure online facility; Member Online, allows members to view and update account details, as well as perform transactions.

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Australian Catholic Superannuation Fees and Features

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    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
    GROWTH
    CASH
    + View additional option performance information