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ANZ Smart Choice Pension

1960's

Past 5-year return
6.05

% p.a

Admin fee

$60

Calc fees on 50k

$455

SuperRatings awards
SuperRatings Gold 2022 Pension
Past 5-year return
6.05

% p.a

Admin fee

$60

Calc fees on 50k

$455

SuperRatings awards
SuperRatings Gold 2022 Pension

Quick pension fund review

For ANZ Smart Choice Pension

These are the benefits of this pension fund.

  • 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 ANZ Smart Choice 1960's option underperformed the SuperRatings Index over each time period assessed to 30 June 2021. Fees are lower than the industry average across all account balances assessed. The fund does not charge an investment switching fee, although, a buy-sell spread may apply.ANZ Smart Choice offers reasonable 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 can elect to add Lifestage Death insurance cover upon opening an account. Beneficiary options are limited to non-lapsing binding death benefit nominations. 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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Pension fund overview

For ANZ Smart Choice Pension

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

$60

Administration fee (%)

0.21%

Switching fee

$0

Investment fee

0.55%

Indirect cost ratio (%)

0.03%

Exit fee

$0
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Fund fees vs. Industry average
THIS FUND
INDUSTRY AVERAGE
Fund past-5-year return vs. Industry average
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INDUSTRY AVERAGE
Investment allocation
INTERNATIONAL SHARES
AUSTRALIAN SHARES
PROPERTY
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FIXED INTEREST
CASH
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Investment option performance
BALANCED
CONSERVATIVE BALANCE
DIVERSIFIED FIXED INTEREST
AUSTRALIAN SHARES
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CAPITAL STABLE
CASH
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