Australian Catholic Superannuation & Retirement Fund

Australian Catholic Superannuation - RetireSmart

Past 5-year return
New
Admin fee

$78

Calc fees on 50k

$583

SuperRatings awards
Past 5-year return
New
Admin fee

$78

Calc fees on 50k

$583

SuperRatings awards

Pros and Cons

Pros and Cons

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

Summary

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. 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 has underperformed the SuperRatings Index over the 3 year period to 30 June 2019.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.

Features and Fees

Australian Catholic Superannuation Fees and Features

    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. 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 has underperformed the SuperRatings Index over the 3 year period to 30 June 2019.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

      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
      Product
      Past 5-year return
      Admin fee
      Company
      Calc fees on 50k
      Features
      SuperRatings awards
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