Smartsave

Australian Practical Pension

Past 5-year return
New
Admin fee

$200

Calc fees on 50k

$645

SuperRatings awards
MyChoice SilverSilver
Past 5-year return
New
Admin fee

$200

Calc fees on 50k

$645

SuperRatings awards
MyChoice SilverSilver

Pros and Cons

Pros and Cons

  • Simple Pooled investment options, plus Super Wrap investment options.
  • Simple online application form.
  • Easy to use online member portal.
  • Responsive member servicing (eg: follow up of rollovers).

Summary

Australian Practical Pension 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 comprehensive investment menu, consisting of 5 pre-mixed pooled investment strategies and a range of Super Wrap investment options, including the Cash Hub, Managed Funds, Managed Account Model Portfolios, ASX Listed Securities and Term Deposits. While limited performance history is available for this product, the 50/50 Option underperformed the SR25 Conservative Balanced Index over each time period assessed to 30 June 2020.Fees associated with this product are lower than the industry average across all account balances assessed. Members can make investment switches at no cost, although a buy/sell spread may apply.Australian Practical Pension provides reasonable flexibility, with members having the ability to receive payments monthly through to annually, on a date set by the fund. Beneficiary options include non-binding and binding nominations, as well as reversionary pensions. Additional benefits available include access to a range of fact sheets and high quality educational material, as well as the ability to change details and perform transactions via the Secure Online Portal.

Features and Fees

Smartsave Fees and Features

    Pros and Cons

    • Simple Pooled investment options, plus Super Wrap investment options.
    • Simple online application form.
    • Easy to use online member portal.
    • Responsive member servicing (eg: follow up of rollovers).

    Australian Practical Pension 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 comprehensive investment menu, consisting of 5 pre-mixed pooled investment strategies and a range of Super Wrap investment options, including the Cash Hub, Managed Funds, Managed Account Model Portfolios, ASX Listed Securities and Term Deposits. While limited performance history is available for this product, the 50/50 Option underperformed the SR25 Conservative Balanced Index over each time period assessed to 30 June 2020.Fees associated with this product are lower than the industry average across all account balances assessed. Members can make investment switches at no cost, although a buy/sell spread may apply.Australian Practical Pension provides reasonable flexibility, with members having the ability to receive payments monthly through to annually, on a date set by the fund. Beneficiary options include non-binding and binding nominations, as well as reversionary pensions. Additional benefits available include access to a range of fact sheets and high quality educational material, as well as the ability to change details and perform transactions via the Secure Online Portal.

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    Smartsave 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
      CONSERVATIVE BALANCE
      SECURE
      GROWTH
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