Lutheran Super

Lutheran Super - Account Based Pension

No. of members: 6403
Fund size: $578.9m
Public offer:
Product type: Industry-Allocated Pension
Target market: -
Year started: 2008
Past 5-year return
6.00%
Admin fee

$156

Calc fees on 50k

$591

SuperRatings awards
Past 5-year return
6.00%
Admin fee

$156

Calc fees on 50k

$591

SuperRatings awards

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
      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
      AUSTRALIAN SHARES
      INTERNATIONAL SHARES
      CAPITAL STABLE
      CASH
      + View additional option performance information
      Product
      Past 5-year return
      Admin fee
      Company
      Calc fees on 50k
      Features
      SuperRatings awards
      Go to site