Club Plus Superannuation

Club Plus Pension

Past 5-year return
6.43%
Admin fee

$94

Calc fees on 50k

$574

SuperRatings awards
Past 5-year return
6.43%
Admin fee

$94

Calc fees on 50k

$574

SuperRatings awards

Pros and Cons

Pros and Cons

  • Regular tax effective income in retirement or as you are approaching retirement.
  • Transition to Retirement.
  • Low fees and no commissions.
  • Affordable financial advice through Club Plus Financial Planning.
  • Easy to use Online Access to your account.

Summary

Club Plus Pension was established in 2005 to provide for the retirement needs of members employed in the Club industry within NSW and ACT. The fund is a public offer fund and allows members from all industries to apply for membership, with a minimum initial investment of $20,000 required to commence membership. Club Plus Pension offers an investment menu of 3 Diversified options and 2 Single Sector options. The Balanced option underperformed the relevant SuperRatings Index over the 10 years to 30 June 2019 although it outperformed over the shorter term.Fees are lower than the industry average across all account balances assessed. The fund does not charge switching fees, although a buy-sell spread may apply.Club Plus Pension offers a good level of pension flexibility, with members able to select from fortnightly through to annual payment frequencies. Members can nominate the investment option(s) from which pension payments are to be taken and can commence drawdown of their pension on approach to retirement, via the Transition to Retirement Pension. Members can also select from reversionary pension, binding death nomination and non-binding lump sum death benefits.The fund provides financial advice through Club Plus Financial Planning and offers low cost banking through ME Bank. The secure online facility; MemberAccess, allows members to view and update account details, as well as perform transactions.

Features and Fees

Club Plus Superannuation Fees and Features

    Pros and Cons

    • Regular tax effective income in retirement or as you are approaching retirement.
    • Transition to Retirement.
    • Low fees and no commissions.
    • Affordable financial advice through Club Plus Financial Planning.
    • Easy to use Online Access to your account.

    Club Plus Pension was established in 2005 to provide for the retirement needs of members employed in the Club industry within NSW and ACT. The fund is a public offer fund and allows members from all industries to apply for membership, with a minimum initial investment of $20,000 required to commence membership. Club Plus Pension offers an investment menu of 3 Diversified options and 2 Single Sector options. The Balanced option underperformed the relevant SuperRatings Index over the 10 years to 30 June 2019 although it outperformed over the shorter term.Fees are lower than the industry average across all account balances assessed. The fund does not charge switching fees, although a buy-sell spread may apply.Club Plus Pension offers a good level of pension flexibility, with members able to select from fortnightly through to annual payment frequencies. Members can nominate the investment option(s) from which pension payments are to be taken and can commence drawdown of their pension on approach to retirement, via the Transition to Retirement Pension. Members can also select from reversionary pension, binding death nomination and non-binding lump sum death benefits.The fund provides financial advice through Club Plus Financial Planning and offers low cost banking through ME Bank. The secure online facility; MemberAccess, allows members to view and update account details, as well as perform transactions.

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    Club Plus 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
      BALANCED
      GROWTH
      AUSTRALIAN SHARES
      CAPITAL STABLE
      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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