Lutheran Super - Account Based Pension
Compare
Past 5-year return
10.96%Admin fee
$156Calculated Fees on 50k
$606No 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 past-5-year return vs. Industry average
Investment allocation
+ View additional option performance information
Company | Product | Past 5-year return | Admin fee | Past 5-year return | Calculated Fees on 50k | Features | SuperRatings awards | Go To Site |
|---|---|---|---|---|---|---|---|---|
| Past 5-year return 10.96% | Admin fee $156 | Past 5-year return 10.96% | Calculated Fees on 50k $606 | Features Advisory services Death insurance Income protection Online access Term deposits Variety of options | SuperRatings awards  | Compare |
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