HUB24 Super Fund - Account Based Pension (Choice Menu)
- Last updated on 06 Jul 2020
QSuper Lifetime
Pay no transaction or switching fees and enjoy a range of different investment options
$530
$983
HUB24 Super is a superannuation platform offering enhanced transaction and reporting solution to members. This product can only be accessed through the appointment of an authorised financial adviser acting on behalf of the member, requiring a minimum initial investment of $20,000 to commence membership. The Choice Menu offers members access to a range of single-sector and multi-sector managed portfolios, managed funds, Australian and international listed securities and ETFs, and term deposits. Performance history is not available for this product.Fees for the Choice Menu are higher than the industry average across all account balances assessed and includes a $180 account keeping fee. However, the asset-based administration fee is reduced on account balances greater than $250K and capped at $5,150 pa. Advisers and dealer groups may also negotiate a discount on the administration fee.HUB24 provides good flexibility, with members having the ability to receive pension payments monthly through to annually. Pension payments can be indexed each year by a specific percentage or in-line with CPI. Beneficiary options are comprehensive, including both binding and non-binding nominations, non-lapsing binding nominations, as well as reversionary pensions. The fund's InvestorHUB allows members to track and manage their accounts online, as well as view all transactions, valuations and a variety of other reports, including a simple Retirement Planner calculator. A range of publications, factsheets and educational webinars are available from the website.
Admin fee $530 | Health insurance |
Administration fee (%) 0.04% | Binding nominations |
Indirect cost ratio (%) 0.87% | Anti-detriment payments |
Exit fee $0 | Switching fee $0 |
Financial planning service | Employer size discount |
Credit cards | Home loans |
Insurance life event increases | Non-lapsing binding nominations |
Investment fee | Long term income protection |
Account size discount |
Fund fees vs. Industry average
Fund past-5-year return vs. Industry average
Investment allocation
Investment option performance
Product | Past 5-year return | Admin fee | Company | Calc fees on 50k | Features | SuperRatings awards | Go to site | |
|---|---|---|---|---|---|---|---|---|
New Fund | $0 | Promoted HUB24 Super Fund - Account Based Pension (Core Menu) | $452 | Advisory services Death insurance Income protection Online access Term deposits Variety of options | More details | |||
New Fund | $530 | Promoted HUB24 Super Fund - Account Based Pension (Choice Menu) | $983 | Advisory services Death insurance Income protection Online access Term deposits Variety of options | More details |
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