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CareSuper Pension

Past 5-year return
9.52%
Admin fee
$78
Calculated Fees on 50k
$588
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13 investment options including the DIO
Consistent and strong historical investment returns
Access to discounted banking and insurance products
Extensive member services including online education, financial seminars and access to financial planning advice
Transparent and simple fee structure
CareSuper is a public offer industry superannuation fund established in 1986 to cater to the professional, managerial and administrative industries. CareSuper Pension is part of the fund’s post-retirement income solutions and can be combined with the Guaranteed Lifetime and Fixed Term Income accounts, which are designed to offer a guaranteed income while providing additional protection against inflation and longevity risks.Members have access to 12 Diversified and Single Sector investment strategies, including the Sustainable Balanced option for the ethical investor. Access to Term Deposits, ETFs, ASX300 Shares and selected LICs is also provided through the Direct Investment option; however, additional costs may apply. CareSuper's 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, with the asset administration fee capped at $750 pa. No switching fees or exit fees are charged.CareSuper provides good 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 payments to be drawn from each option. Lump-sum withdrawals can be made at any time via paper form, over the phone or via PensionOnline. Members, where eligible, can also access CareSuper Transition to Retirement Pension, subject to a minimum investment of $10,000.Additional benefits such as discounted banking products, health insurance, online tax returns services, access to financial planners and SMSF wind-up services are also available to members.
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Fees & fund features

Admin fee
Admin fee
$78
Administration fee (%)
Administration fee (%)
0.19%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.61%
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
0.22%
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
Administration fee (%)
Administration fee (%)
0.19%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.61%
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
0.22%
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
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