Smartsave

Australian Practical Pension -

Awards

Winner of SuperRatings Silver 2021 MyChoice Super, SuperRatings Silver 2021 Pension

Past 5-year return
-

% p.a

Admin fee

$200

Calc fees on 50k

$645

SuperRatings awards
SuperRatings Silver 2021 MyChoice SuperSuperRatings Silver 2021 Pension
Past 5-year return
-

% p.a

Admin fee

$200

Calc fees on 50k

$645

SuperRatings awards
SuperRatings Silver 2021 MyChoice SuperSuperRatings Silver 2021 Pension

Quick pension fund review

For Australian Practical Pension

These are the benefts of this pension fund.

  • 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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Pension fund overview

For Australian Practical Pension

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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
    CONSERVATIVE BALANCE
    SECURE
    GROWTH
    + View additional option performance information