Australian Catholic Superannuation - Personal Plan

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.Members are provided a choice of 8 'Managed Options' and 6 'Build your Own Options', including LifetimeOne, which gradually transitions members' asset allocation from a growth focused asset mix to a conservative asset mix as they approach retirement. The Balanced option outperformed the SuperRatings Index over the year to 30 June 2018; however, underperformance over the longer term remains evident. Fees are lower than the industry average across all account balances assessed, with the asset-based administration fee capped at $2,000 pa. No fees are charged for switching investments; however, exit fees apply for partial and full withdrawals. Eligible members are automatically provided with Death and Total & Permanent Disablement (TPD) insurance cover upon joining the fund. Income Protection is available up 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 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.