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AustralianSuper Choice Income Account

Past 5-year return
10.43%
Admin fee
$117
Calculated Fees on 50k
$502
Strong investment returns and low fees
Flexible investment choice - 11 options including the Member Direct
Free retirement seminars and webcasts
Full online account access at any time via PensionOnline
Access to home loans, banking products, health insurance, non-super investment products and commission-free financial advice
AustralianSuper is a multi-industry public offer fund that manages over $140 billion in assets on behalf of more than 2 million members, making it one of the largest industry superannuation funds in Australia. AustralianSuper Choice Income Account was nominated as a finalist for the 2019 Pension of the Year award.AustralianSuper offers a range of 11 investment options to choose from, providing members with access to 6 Pre-Mixed and 5 DIY Mix investment options, including a Socially Aware option for the ethical investor. Access to Term Deposits, ETFs and ASX300 Shares is also provided via the Member Direct option; however, additional costs may be incurred. The Balanced option has provided strong investment returns to members, outperforming the SuperRatings Index over each time period assessed to 30 June 2018.Fees for the Balanced option are lower than the industry average across all account balances assessed. No switching fees or exit fees are charged and the asset administration fee is capped at $750 p.a. AustralianSuper provides excellent flexibility, with members having the ability to receive payments fortnightly through to annually. Members with more than one investment option can nominate the proportion of, or order in which, payments are to be drawn from each option. Automatic annual pension payment increases are available by either a nominated percentage or by CPI. Beneficiary options are comprehensive, including both binding and non-binding nominations, as well as reversionary pensions. AustralianSuper members have access to a range of online fact sheets, calculators and educational videos. The fund’s member online account further allows members to view and update their account details and perform transactions.

Fees & fund features

Admin fee
Admin fee
$117
Administration fee (%)
Administration fee (%)
0.11%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
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
0.66%
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
$117
Administration fee (%)
Administration fee (%)
0.11%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
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
0.66%
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
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