Lutheran Super - Account Based Pension
Past 5-year return
New fundAdmin fee
$156Calculated Fees on 50k
$601 Compare
No information was provided by the fund to SuperRatings, Hence an alert rating may be given in areas where a qualitative assessment cannot be made. For available information refer to the fund's PDS
Lutheran Super is the superannuation fund dedicated to the benefit of employees & former employees of the Lutheran Church of Australia and their spouse. The Pension category provides members with a regular income stream in retirement. A minimum initial investment of $50,000 is required to commence membership.The investment menu consists of 8 investment options, including 2 Socially Responsible investment options for the ethical investor. Lutheran Super's Balanced Growth option underperformed the SuperRatings Index over the 5, 7 and 10 years to 30 June 2019.Lutheran Super's fees are lower than the industry average across all account balances assessed. Members are able to switch investment options at no cost.Lutheran Super offers reasonable flexibility, with members having the ability to receive payments monthly, quarterly or yearly, on a date set by the fund. Members with more than one investment option can nominate the proportion of payments to be drawn from each option. Beneficiary options include binding, non-binding and reversionary death benefit nominations. Lutheran Super offers a range of calculators, educational webinars and reporting publications on its website. Members can also access their account online and perform transactions.
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Fees & fund features
Admin fee | Admin fee $156 |
|---|---|
Administration fee (%) | Administration fee (%) 0.30% |
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 0.59% |
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 $156 |
|---|---|
Administration fee (%) | Administration fee (%) 0.30% |
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 0.59% |
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 past-5-year return vs. Industry average
Investment allocation
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