ING
Awards

Winner of SuperRatings Gold 2021 Pension

ING Living Super - Pension Account

Past 5-year return
5.36

% p.a

Admin fee

$60

Calc fees on 50k

$445

SuperRatings awards
SuperRatings Gold 2021 Pension
Past 5-year return
5.36

% p.a

Admin fee

$60

Calc fees on 50k

$445

SuperRatings awards
SuperRatings Gold 2021 Pension

Pros and Cons

  • Simple and online super solution. For all stages of life.
  • Competitive investment and administration fees
  • Access to real-time online share trading
  • Automatic insurance cover provided for eligible super accounts
  • Pension and Transition to Retirement account options available for eligible customers to draw regular income

Established in 2012, ING Living Super is a simple online retirement solution that can be tailored to suit the needs of members throughout their life. A minimum initial investment of $20,000 is required to commence a Pension or Transition to Retirement accountMembers have access to an investment menu of Cash and Term deposit options, 4 Diversified options, 6 Single Sector options, as well as Direct Shares listed on the S&P/ASX 300 and a selection of Exchange Traded Funds (ETFs). The Growth option outperformed the SuperRatings Index over the 3-year period to 30 June 2020; however, underperformed over other assessed time periods.Fees are lower than the industry average across all assessed account balances. ING Living Super’s fee structure includes a flat administration fee of $60 p.a. and a percentage-based administration fee of 0.50% up to $2,500 p. a. charged for all investments except for the Cash option. The fund does not charge an investment switching fee, although a buy-sell spread may apply. A good level of pension flexibility is provided, including a range of payment frequencies from fortnightly to annually. Beneficiary options are comprehensive, including both binding and non-binding nominations, as well as reversionary pensions and non-lapsing binding nominations. Additional benefits available include access to financial advice services, educational material, interactive tools and calculators, as well as the ability to view and update account details and perform transactions online.

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ING Fees and Features

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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
    BALANCED
    HIGH GROWTH
    DIVERSIFIED FIXED INTEREST
    AUSTRALIAN SHARES
    INTERNATIONAL SHARES
    PROPERTY
    CASH
    + View additional option performance information