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Super SA

Super SA - Income Stream

Balanced

Past 5-year return
7.00

% p.a

Admin fee

$0

Calc fees on 50k

$502

SuperRatings awards
SuperRatings Gold 2022 Pension
Past 5-year return
7.00

% p.a

Admin fee

$0

Calc fees on 50k

$502

SuperRatings awards
SuperRatings Gold 2022 Pension

Quick pension fund review

For Super SA - Income Stream

These are the benefits of this pension fund.

  • Low administration fee capped at $375 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.

Originally established in 1927 as The South Australian Superannuation Fund, Super SA is now the largest super scheme in South Australia 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 7 investment options to choose from, providing members with access to 5 Diversified options, a Cash option and a Socially Responsible option for the ethical investor. The Balanced option outperformed the SuperRatings Index over the 1-, 3-, 5- and 7-year periods to 30 June 2021, however, underperformed over the 10-year period.Fees are lower than the industry average across all account balances assessed. Members are charged a fee for the second and subsequent investment switches. 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. Members have access to comprehensive financial planning services provided through Industry Fund Services 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. The online Member Portal allows members to update their details, view account information and switch investment options.

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Pension fund overview

For Super SA - Income Stream

Features

Variety of options

Binding nominations

Account size discount

Online Access

Home loans

Financial planning service

Non-lapsing binding nominations

Employer size discount

Anti-detriment payments

Credit cards

Insurance Cover

Health insurance

Insurance life event increases

Total and permanent disability cover

Long term income protection

Fees

Admin fee

$0

Administration fee (%)

0.16%

Switching fee

$20

Investment fee

0.84%

Indirect cost ratio (%)

Exit fee

$0
Available
Not available
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Target Market Determination

Visit Super SA to view Target Market Determination.

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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
BALANCED
CONSERVATIVE BALANCE
GROWTH
CAPITAL STABLE
CASH
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