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Pros and Cons
- Access to your super account 24/7 via Member Online and the VISSF mobile app for smartphones.
- Easy super management so you can quickly find and combine other super into your VISSF account.
- Competitive fees and a track record of consistent long-term performance.
- Financial advice services to help you answer simple super and retirement questions or prepare tailored financial plans.
- Regular educational seminars, short videos and webinars to help boost your super balance and prepare for life after work.
The Victorian Independent Schools Superannuation Fund (VISSF) Allocated Pension was established in 2000 and is designed to service the pension needs of teachers and employees working in independent schools. The fund offers members a simple investment menu of 3 Diversified options and a Cash option. The Balanced option underperformed the relevant SuperRatings Index over the 1, 3- and 5-year periods to 30 June 2020; however, outperformed over the longer termFees associated with this product are lower than the industry average across medium and large account balances assessed. Fees are less competitive for those with small account balances, as a relatively high flat dollar member fee is charged. Members are entitled to 2 free investment switches per year and are not charged a buy-sell spread.VISSF Allocated Pension offers reasonable pension flexibility with members receiving monthly payments as well as a choice of reversionary pensions or a binding lump-sum death benefit payment.VISSF members can access comprehensive financial services advice including investment, insurance and retirement advice. Additionally, members have access to an online account, online calculators and regular newsletters.
Victorian Independent Schools Superannuation Fund Fees and Features
Fund fees vs. Industry average
Fund past-5-year return vs. Industry average
Investment option performance
Past 5-year return
Calc fees on 50k
Variety of options
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