Commonwealth Superannuation Corporation

Commonwealth Superannuation Corporation retirement income

Past 5-year return
6.94%
Admin fee

$240

Calc fees on 50k

$840

SuperRatings awards
Platinum
Past 5-year return
6.94%
Admin fee

$240

Calc fees on 50k

$840

SuperRatings awards
Platinum

Pros and Cons

Pros and Cons

  • A retirement and transition to retirement product specifically for Australian Government employees .
  • Free Holistic retirement education, retirement planning Seminars and workshops.
  • All APS members can use external monies to establish a CSCri account.
  • Members can add additional money via the 'Restart option'.

Summary

Commonwealth Superannuation Corporation retirement income (CSCri) was established in 2013 to provide for the retirement needs of employees of the Australian Government and other participating employers. A minimum initial investment of $20,000 is required to commence membership. CSCri offers an investment menu of 3 Diversified options and a Cash option. The Balanced option underperformed the relevant SuperRatings Index over the year to 30 June 2020 albeit outperformed over the longer term. Please note that the rated Balanced option sits within the Conservative Balanced (41-59%) option category.Fees are higher than the industry average across all account balances assessed. The fund allows members two free investment switches per financial year before charging a switching fee, although a buy/sell spread may apply.CSCri offers a good level of pension flexibility with members able to select from fortnightly through to annual payment frequencies. Members with more than one investment option can nominate the proportion of, or order in which, payments are to be drawn from each option. Members can also select from reversionary pension, binding death nomination, non-binding lump sum death benefits and child nominations.The fund provides members with access to free in-house and public workshops around Australia, as well as a range of online fact sheets, calculators and educational videos. Member Services Online allows members to view and update account details, as well as perform transactions.

Features and Fees

Commonwealth Superannuation Corporation Fees and Features

    Pros and Cons

    • A retirement and transition to retirement product specifically for Australian Government employees .
    • Free Holistic retirement education, retirement planning Seminars and workshops.
    • All APS members can use external monies to establish a CSCri account.
    • Members can add additional money via the 'Restart option'.

    Commonwealth Superannuation Corporation retirement income (CSCri) was established in 2013 to provide for the retirement needs of employees of the Australian Government and other participating employers. A minimum initial investment of $20,000 is required to commence membership. CSCri offers an investment menu of 3 Diversified options and a Cash option. The Balanced option underperformed the relevant SuperRatings Index over the year to 30 June 2020 albeit outperformed over the longer term. Please note that the rated Balanced option sits within the Conservative Balanced (41-59%) option category.Fees are higher than the industry average across all account balances assessed. The fund allows members two free investment switches per financial year before charging a switching fee, although a buy/sell spread may apply.CSCri offers a good level of pension flexibility with members able to select from fortnightly through to annual payment frequencies. Members with more than one investment option can nominate the proportion of, or order in which, payments are to be drawn from each option. Members can also select from reversionary pension, binding death nomination, non-binding lump sum death benefits and child nominations.The fund provides members with access to free in-house and public workshops around Australia, as well as a range of online fact sheets, calculators and educational videos. Member Services Online allows members to view and update account details, as well as perform transactions.

    Read More

    Commonwealth Superannuation Corporation 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
      CONSERVATIVE BALANCE
      CAPITAL STABLE
      CASH
      + View additional option performance information