Past 5-year return
9.86%Admin fee
$88Calculated Fees on 50k
$603Diversified MySuper Balanced option
Scaled and comprehensive financial advice service
Education seminars nationwide member service visits
Member specific over the phone financial advice at no additional cost
Default Death and TPD and automatic Income Protection cover provided
Originally established for serving members in the meat industry, AMIST (Australian Meat Industry Superannuation Trust) Super is today a public offer industry fund with all profits generated by the fund distributed to members.The fund's MySuper product is a re-badged version of its Balanced option, which has underperformed the SuperRatings Index over the 5 years to 30 June 2017. Choice members can access 5 additional Diversified and Single-Sector investment strategies. Fees for the MySuper option are lower than the industry average across all assessed account balances. No Switching fee is charged for changing investment options and the Indirect Cost Ratio (ICR) is capped at 0.10% p.a. However, exit fees apply for withdrawals. Eligible members under age 70 automatically receive Death only, TPD and Income Protection (IP) insurance. Members can also increase their existing Death & TPD cover upon the occurrence of certain Life Events, with no health questions required. IP covers up to 75% of salary, or a maximum monthly benefit of $50,000, with a 2 year benefit payment period and a 30 day waiting period. A range of ancillary benefits are available to members, including discounted home loans, credit cards, savings accounts and health insurance. Members also have access to financial planning services via Link Advice, and can request rollovers through the online MemberAccess portal.
Fees & fund features
Admin fee | Admin fee $88 |
---|---|
Exit fee | Exit fee $50 |
Financial planning service | Financial planning service |
Credit cards | Credit cards |
Insurance life event increases | Insurance life event increases |
Investment fee | Investment fee 0.96% |
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 $88 |
---|---|
Exit fee | Exit fee $50 |
Financial planning service | Financial planning service |
Credit cards | Credit cards |
Insurance life event increases | Insurance life event increases |
Investment fee | Investment fee 0.96% |
---|---|
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 past-5-year return vs. Industry average
Investment allocation
+ View additional option performance information
Company | Product | Past 5-year return | Admin fee | Past 5-year return | Calculated Fees on 50k | Features | SuperRatings awards | Go To Site |
---|---|---|---|---|---|---|---|---|
Past 5-year return 9.86% | Admin fee $88 | Past 5-year return 9.86% | Calculated Fees on 50k $603 | Features Advisory services Death insurance Income protection Online access Term deposits Variety of options | SuperRatings awards ![]() ![]() | Compare | ||
Past 5-year return 9.86% | Admin fee $88 | Past 5-year return 9.86% | Calculated Fees on 50k $603 | Features Advisory services Death insurance Income protection Online access Term deposits Variety of options | SuperRatings awards ![]() | Compare | ||
Past 5-year return 9.86% | Admin fee $88 | Past 5-year return 9.86% | Calculated Fees on 50k $603 | Features Advisory services Death insurance Income protection Online access Term deposits Variety of options | SuperRatings awards ![]() | Compare |