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ANZ Smart Choice Pension

Past 5-year return
New fund
Admin fee
$50
Calculated Fees on 50k
$350
Compare
Account balance is visible on ANZ Internet Banking alongside the customer's bank accounts Pension and lump sum payments via ANZ Internet Banking.
Age based default funds. The asset allocation is adjusted automatically based on age.
ANZ Smart Choice Super is an easy, low-cost superannuation product that was established in December 2011. ANZ Smart Choice provides members the option to choose their own investment mix from 3 multi-asset class options and 7 single-asset options, or to invest in a Lifestage investment option, which automatically adjusts the investment mix with a higher allocation to less volatile investments as members approach retirement. The 1960's option underperformed the SuperRatings Index over the 1 year period to 30 June 2018. Fees are competitive and lower than the industry average across all account balances assessed. Members are able to switch investment options and make withdrawals at no cost. ANZ Smart Choice offers good flexibility, with members having the ability to receive payments monthly through to annually on any business day of the week. Members with more than one investment option can nominate the order in which payments are to be drawn from each option. Furthermore, eligible ANZ Smart Choice Pension account members automatically receive Lifestage Death Insurance Cover upon joining the fund. Beneficiary options include reversionary, lump sum and non-lapsing binding death benefit nomination. Members are provided the ability to track their super account online via the ANZ app, alongside online banking, share investing and insurance. ANZ Internet Banking further allows members to view and update their super account details, as well as perform transactions. Educational articles and videos are also on offer via the ANZ SuperInsights digital magazine.
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Fees & fund features

Admin fee
Admin fee
$50
Administration fee (%)
Administration fee (%)
0.08%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.02%
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
0.50%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$0
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
$50
Administration fee (%)
Administration fee (%)
0.08%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.02%
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
0.50%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$0
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
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Past 5-year return
Admin fee
Calculated Fees on 50k
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