company logo

Commonwealth Superannuation Corporation retirement income

Past 5-year return
10.67%
Admin fee
$360
Calculated Fees on 50k
$885
Compare
A retirement and transition to retirement product specifically for Australian Government employees .
Access to fee-for-service financial planning from Industry Fund Services, with no hidden commissions.
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 5 years to 30 June 2018.Fees are higher than the industry average across small account balances, however remain competitive for larger account balances. The fund allows members two free investment switches per financial year before charging a switch fee, although a buy/sell spread may apply, and an exit fee is charged when a withdrawal is processed.CSCri offers a reasonable 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, 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.
Advertisement
Advertisement

Fees & fund features

Admin fee
Admin fee
$360
Administration fee (%)
Administration fee (%)
0.00%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
1.05%
Exit fee
Exit fee
$36
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$20
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
$360
Administration fee (%)
Administration fee (%)
0.00%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
1.05%
Exit fee
Exit fee
$36
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$20
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 fees vs. Industry average
Fund past-5-year return vs. Industry average
Investment allocation
Investment option performance
+ View additional option performance information
1 - 1 of 1
Product
Past 5-year return
Admin fee
Calculated Fees on 50k
Company
Features
SuperRatings awards
Go To Site
Compare

More details

Compare your product with the big 4 banks, or add more products to compare
As seen on