Super SA - Income Stream

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Past 5-year return
10.31%
Admin fee
$0
Calculated Fees on 50k
$615
Low administration fee capped at $700 pa.
No fees for lump-sum withdrawals.
Access to limited advice and full financial planning.
Extensive free member seminar program.
Wide choice of payment frequency options.
Spouse account option.
Low minimum withdrawal amount of $1,000.
Super SA is the largest super scheme in South Australia and is responsible for managing the super and retirement savings of current and former SA public sector employees. Super SA Income Stream requires an initial investment of $30,000 to commence membership; however, members can open a second income stream with $10,000. Members also have the option to open an Income Stream for their spouse.Super SA Income Stream offers a range of 8 investment options to choose from, providing members with access to 6 Diversified options, a Cash option and a Socially Responsible option for the ethical investor. The Balanced option underperformed the SuperRatings Index over the 5 years to 30 June 2017.Fees are lower than the industry average across all account balances assessed. Members are entitled to 1 free investment switch per financial year, while no exit fee applies. Super SA provides reasonable flexibility, with members having the ability to receive payments fortnightly through to annually. Members with more than one investment option can nominate the order in which the payments are to be drawn from each option. Beneficiary options are limited to reversionary pensions.Super SA provides strong communication, advice and education. A full financial planning service is provided through Industry Funds Financial Planning on a fee-for-service basis. The fund's website includes a knowledge centre where members can access fact sheets, calculators, vodcasts and news updates. Member seminars are also available free of charge.

Fees & fund features

Admin fee
Admin fee
$0
Exit fee
Exit fee
$0
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
$0
Exit fee
Exit fee
$0
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
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