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Australian Catholic Superannuation & Retirement Fund

Australian Catholic Superannuation - RetireSmart

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Past 5-year return
New

% p.a

Admin fee

$78

Calc fees on 50k

$468

SuperRatings awards
SuperRatings Platinum 2022 Pension
Past 5-year return
New

% p.a

Admin fee

$78

Calc fees on 50k

$468

SuperRatings awards
SuperRatings Platinum 2022 Pension

Quick pension fund review

For Australian Catholic Superannuation - RetireSmart

These are the benefits of this pension fund.

  • 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 underperformed the SuperRatings Index over each time period assessed to 30 June 2021.Fees are lower than the industry average across all account balances assessed, with the asset-based administration fee capped at $1,520 pa. The fund does not charge a switching fee or a buy-sell spread.RetireSmart provides good flexibility, with members having the ability to receive payments weekly through to annually. Beneficiary options include both binding and non-binding nominations, as well as reversionary pensions.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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Pension fund overview

For Australian Catholic Superannuation - RetireSmart

Features

Variety of options

Binding nominations

Account size discount

Online Access

Home loans

Financial planning service

Non-lapsing binding nominations

Employer size discount

Anti-detriment payments

Credit cards

Insurance Cover

Health insurance

Insurance life event increases

Total and permanent disability cover

Long term income protection

Fees

Admin fee

$78

Administration fee (%)

0.19%

Switching fee

$0

Investment fee

0.39%

Indirect cost ratio (%)

0.2%

Exit fee

$0
Available
Not available
Data not captured

Target Market Determination

Visit Australian Catholic Superannuation & Retirement Fund to view Target Market Determination.

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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

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