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smartMonday DIRECT

Past 5-year return
8.03%
Admin fee
$92
Calculated Fees on 50k
$592
Compare
Access to additional benefits via a range of financial products and services, and the WeCare program.
Option to transfer in other super fund or retail insurance with no additional underwriting and at group rates. Flexible, value-for-money Death/TPD/Income Protection options, with, minimum level Death and TPD cover. Short/long-term income protection with choice of waiting/benefit payment periods.
Comprehensive education material, including insurance application tools for advisers and online super, retirement and insurance calculators.
Pension consolidation account (to help individuals consolidate/add to their super monies before starting a Pension).
smartMonday is the new name of the Aon Master Trust and smartMonday DIRECT, which was launched in 2010, is designed for individuals, the self-employed and for companies with less than five employees.smartMonday DIRECT offers an investment menu comprising 10 Diversified options and 21 Single Sector options, as well as a Direct Investment Option, which gives access to Direct Shares listed on the S&P/ASX 200, a range of Exchange Traded Funds (ETFs) and Term Deposits. The Balanced Growth - Index option outperformed the relevant SuperRatings Index over the 7 years to 30 June 2018.Fees are lower than the industry average across all account balances assessed and a portfolio rebate applies for balances over $250,000. The fund does not charge a buy-sell spread or a switching fee, although an exit fee will be charged when a withdrawal from the account is processed. smartMonday DIRECT's insurance offering allows eligible members to apply for an unlimited amount of Death cover and up to $3 million of Total Permanent Disability cover. Income Protection with a benefit period of 2 years, 5 years or to age 65, covering up to 85% of salary, is available following a 30, 60 or 90 day waiting period. The fund offers access to online calculators, scaled advice and full financial planning. Additionally, the WeCare program offers members and their families benefits such as legal advice, home assistance, funeral assistance, counselling and grief services.
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Fees & fund features

Admin fee
Admin fee
$92
Administration fee (%)
Administration fee (%)
0.45%
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
0.53%
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
$92
Administration fee (%)
Administration fee (%)
0.45%
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
0.53%
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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