Lutheran Super - Account Based Pension
$156
$591
$117
$472
$156
$591
Pros and Cons
Pros and Cons
- 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
Summary
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.
Features and Fees
Lutheran Super Fees and Features
Pros and Cons
- 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.
Read More
Lutheran Super Fees and Features
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 | ||
|---|---|---|---|---|---|---|---|---|---|
6.00% | $156 | Promoted | $591 | Advisory services Death insurance Income protection Online access Term deposits Variety of options | More details | Highlighted |
Popular pension funds products
AustralianSuper Choice Income Account
$117
$472
- Strong investment returns and low fees
- Flexible investment choice - 11 options including the Member Direct
- Free retirement seminars and webcasts
- Full online account access at any time via PensionOnline
North Pension
$91
$521
- Guaranteed income stream for life
- North is flexible and open-ended which allows contributions and withdrawals, as well as transition to retirement pensions
- Easy-to-use online website to check investments, make contributions and update details
- Growth locked in annually and Bi-annually