Lutheran Super - Account Based Pension

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Past 5-year return
10.96%
Admin fee
$156
Calculated Fees on 50k
$606
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 6 investment options, including a Socially Responsible Australian shares option for the ethical investor. Lutheran Super's Balanced option outperformed the SuperRatings Index over the 5 years to 30 June 2017.Lutheran Super's fees are lower than the industry average across all account balances assessed. An exit fee applies for withdrawals, while investment switches are free of charge. Members are restricted to monthly pension payments, which are paid on a set date each month and made by Electronic Funds Transfer. Beneficiary options include binding, non-binding and reversionary death benefit nominations. Lutheran Super offers a range of calculators, educational and reporting publications on its website. Members can also access their account online and perform transactions.

Fees & fund features

Admin fee
Admin fee
$156
Exit fee
Exit fee
$122
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.60%
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
Exit fee
Exit fee
$122
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.60%
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
+ View additional option performance information
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