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Quick pension fund review
For MYONESUPER - AP
These are the benefits of this pension fund.
- Simple to understand - only 3 Pooled Investment Options
- Low fees
- Simple passive investment structure
- Suits an investor who does not want heavy engagement
MYONESUPER Pension, an account-based pension product, was offered through the MAP Master Superannuation Plan Division II and is now a sub-plan of OneSuper (formerly SmartSave ‘Member’s Choice’ Superannuation Master Trust Plan) via a Successor Fund Transfer in December 2020. A minimum initial investment of $20,000 is required to commence a Pension account, and a Transition to Retirement Pension is also available.Members are offered a simple investment menu, consisting of 3 pooled investment strategies. Performance history is currently unavailable for this product.Fees associated with this product are lower than the industry average across all account balances assessed. A minimum administration fee of $77 pa applies to each account and a switching fee is charged after two free switches per annum. MYONESUPER Pension provides reasonable flexibility, with members having the ability to receive payments monthly, quarterly, bi-annually or annually, on a date set by the fund. Beneficiary options include non-binding and binding nominations, as well as reversionary pensions. Members are able to manage their accounts via the Member Secure Online Portal to check balances and perform transactions such as switching investment options and varying pension payments.
Pension fund overview
For MYONESUPER - AP
Target Market Determination
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Fund fees vs. Industry average
Fund past-5-year return vs. Industry average
Investment option performance
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