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smartMonday DIRECT

Past 5-year return
7.56%
Admin fee
$90
Calculated Fees on 50k
$590
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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
$90
Administration fee (%)
Administration fee (%)
0.45%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.02%
Exit fee
Exit fee
$80
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
$90
Administration fee (%)
Administration fee (%)
0.45%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.02%
Exit fee
Exit fee
$80
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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Admin fee
Calculated Fees on 50k
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FAQs

The value of your assets affects whether you can qualify for the age pension – and, if so, how much.

The following assets are exempt from the assets test:

  • your principal home and up to two hectares of used land on the same title
  • all Australian superannuation investments from which a pension is not being paid – this exemption is valid until you reach age pension age
  • any property or money left to you in an estate, which you can’t get for up to 12 months
  • a cemetery plot and a prepaid funeral, or up to two funeral bonds, that cost no more than the allowable limit
  • aids for people with disability
  • money from the National Disability Insurance Scheme for people with disability
  • principal home sale proceeds you’ll use to buy another home within 12 months
  • accommodation bonds paid on entry to residential aged care
  • any interest not created by you or your partner
  • a Special Disability Trust if it meets certain requirements
  • your principal home, if you vacate it for up to 12 months
  • granny flat rights where you pay more than the extra allowable amount

For full pensions, reductions apply when your assessable assets exceed these thresholds:

Category

Home owners

Non-home owners

Singles

$253,750

$456,750

Couples living together

$380,500

$583,500

Couples living apart due to ill health

$380,500

$583,500

Couples with only one partner eligible

$380,500

$583,500

For part pensions, reductions apply when your assessable assets exceed these thresholds:

Category

Home owners

Non-home owners

Singles

$550,000

$753,000

Couples living together

$827,000

$1,030,000

Couples living apart due to ill health

$973,000

$1,176,000

Couples with only one partner eligible

$827,000

$1,030,000

For transitional rate pensions, reductions apply when your assessable assets exceed these thresholds:

Category

Home owners

Non-home owners

Singles

$503,250

$706,250

Couples living together

$783,000

$986,000

Couples living apart due to ill health

$879,500

$1,082,500

Couples with only one partner eligible

$783,000

$986,000

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