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MTAA Super

Spirit Super Managed Pension

Long-term

Awards

Winner of SuperRatings Platinum 2021 Pension

Past 5-year return
New

% p.a

Admin fee

$68

Calc fees on 50k

$473

SuperRatings awards
SuperRatings Platinum 2021 Pension
Past 5-year return
New

% p.a

Admin fee

$68

Calc fees on 50k

$473

SuperRatings awards
SuperRatings Platinum 2021 Pension

Quick pension fund review

For Spirit Super Managed Pension

These are the benefits of this pension fund.

  • Low fees.
  • Mobile optimised website and member online access portal
  • Targeting income stability and longevity (payment target age 90) utilising a bucket approach
  • Pension Transfer Bonus - providing a cash amount to members who transition from accumulation to a pension product with Spirit Super
  • Online pension facility and Mobile App to track super details.

Spirit Super was established in April 2021 as a result of the merger between MTAA Super & Tasplan Super. The fund is a public offer fund and allows members from all industries to apply for membership. A minimum initial investment of $20,000 is required to commence Spirit Super Control Pension account, with a member’s income and investment options determined based on their age and account balance upon opening an account.Spirit Super Managed Pension offers an investment strategy that combines a Cash option and a Long-term option with quarterly rebalancing. The Long-term option outperformed the SuperRatings Index over the year to 30 June 2020.Fees are lower than the industry average across all assessed account balances, with the percentage-based administration fee capped at $450 pa. The fund does not charge an investment switching fee or buy-sell spread. A limited level of pension flexibility is provided, with members only having the ability to receive payments fortnightly. The regular pension payments are made from the Cash option, which is designed to provide members with investment stability to cover pension fees and costs, as well as their income needs for the first two years. Beneficiary options are comprehensive, including both binding and non-binding nominations, as well as reversionary pensions.Comprehensive member services are offered by Spirit Super, including high quality educational material, online access to account information and transactions, online calculators, as well as access to a range of advice services. A Retirement Bonus is also offered to eligible members to boost retirement savings.

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Pension fund overview

For Spirit Super Managed Pension

TMD

    Target Market Determination

    Visit MTAA Super to view Target Market Determination.

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    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
    CASH
    + View additional option performance information

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