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Australian Catholic Superannuation - LifetimeOne

Past 5-year return
6.74%
Admin fee
$78
Calculated Fees on 50k
$603
Compare
Expertise through self administration.
Personalised customer service.
Access to cheap insurance products through ISInsured.
Australian Catholic Superannuation was established in 1981 to provide retirement benefits to those who work in Catholic education, healthcare, aged care and welfare, with membership now open to the general public. The fund's MySuper offering; LifetimeOne, gradually transitions members' asset allocation from a growth focused asset mix to a conservative asset mix as they approach retirement. LifetimeOne offers 31 different stages and is made up of four investment options; LifetimeStart, LifetimeGrow, LifetimeBuild and LifetimePrime. SuperRatings will continue to monitor the investment performance of the recently introduced LifetimeOne options. The LifetimeOne 50 option outperformed the SuperRatings Index over the year to 30 June 2018; however, underperformance over the longer term remains evident. Fees are higher than the industry average across medium and large account balances assessed, although the asset-based administration fee is capped at $2,000 pa. No fees are charged for switching investments; however, exit fees apply for partial and full withdrawals. A full suite of insurance cover is offered, with Death, Total & Permanent Disablement (TPD) and Income Protection (IP) insurance cover automatically provided to eligible members upon joining the fund. IP is available to a maximum of 85% of salary, with benefit payment periods of 2 years, 5 years or to age 65, following a 30, 60 or 90 day waiting period. Members can apply to increase their Death and TPD cover following the occurrence of a prescribed Life Event without additional underwriting.Members have access to complementary general advice and tailored personal advice, as well as a range of online tools, calculators and educational resources available through the fund's website. The secure online facility; Member Online, allows members to view and update account details, as well as perform transactions.
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Fees & fund features

Admin fee
Admin fee
$78
Administration fee (%)
Administration fee (%)
0.25%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.31%
Exit fee
Exit fee
$55
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.49%
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
$78
Administration fee (%)
Administration fee (%)
0.25%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.31%
Exit fee
Exit fee
$55
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.49%
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

MySuper accounts are basic, low-fee accounts. If you don’t nominate a superannuation fund, your employer must choose one for you that offers a MySuper account.

MySuper accounts offer two investment options:

  1. Single diversified investment strategy

Your fund assigns you a risk strategy and investment profile, which remain unchanged throughout your working life.

  1. Lifecycle investment strategy

Your fund assigns you an investment strategy based on your age, and then changes it as you get older. Younger workers are given strategies that emphasise growth assets

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