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Rest Super

Past 5-year return
New fund
Admin fee
$68
Calculated Fees on 50k
$498
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Low fees including no commissions to financial planners, advisors or accountants.
Comprehensive online facility with the option of online statements, newsletters, product information and education as well as member access.
Free member education & employer seminars held throughout the country.
Health insurance, banking services and travel insurance available to members at discounted rates and access to non-commission based financial advice with members first call free of charge.
Rest Super was established in 1988 to provide for the retirement needs of members employed within the retail industry. The fund is a public offer fund and allows members from all industries to apply for membership.Rest Super offers an investment menu of 6 diversified options and 9 single sector options. The Core Strategy underperformed the relevant SuperRatings Index over the 5 years to 30 June 2018; however, outperformed over the longer term.Fees are lower than the industry average across all account balances assessed. The fund does not charge switching fees, although an exit fee and buy-sell spread may apply.Rest Super's insurance offering allows eligible members to apply for an unlimited amount of Death cover and up to $5 million of TPD cover. Income Protection with a benefit period of 2 years or to age 65, covering up to 89% of salary, is available following a 60 day waiting period. The fund offers a range of discounts through various providers, including AIA’s Vitality program for improving and maintaining health, as well as a mobile app which provides essential details for easy transfer between employers. Members may also contact the virtual agent, ‘Roger’, to have their account related queries answered at a time that is convenient to them.
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Fees & fund features

Admin fee
Admin fee
$68
Administration fee (%)
Administration fee (%)
0.10%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.09%
Exit fee
Exit fee
$25
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.67%
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
$68
Administration fee (%)
Administration fee (%)
0.10%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.09%
Exit fee
Exit fee
$25
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.67%
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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FAQs

You can withdraw your superannuation when you meet the ‘conditions of release’. The conditions of release say you can claim your super when you reach:

  • Age 65
  • Your ‘preservation age’ and retire
  • Your preservation age and begin a ‘transition to retirement’ while still working

The preservation age – which is different to the pension age – is based on date of birth. Here are the six different categories:

Date of birth Preservation age
Before 1 July 1960 55
1 July 1960 – 30 June 1961 56
1 July 1961 – 30 June 1962 57
1 July 1962 – 30 June 1963 58
1 July 1963 – 30 June 1964 59
From 1 July 1964 60

A transition to retirement allows you to continue working while accessing up to 10 per cent of the money in your superannuation account at the start of each financial year.

There are also seven special circumstances under which you can claim your superannuation:

  • Compassionate grounds
  • Severe financial hardship
  • Temporary incapacity
  • Permanent incapacity
  • Superannuation inheritance
  • Superannuation balance under $200
  • Temporary resident departing Australia

 

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