Catholic Super

Catholic Super is a division of the MyLifeMyMoney Superannuation Fund, which was established in 1971 to offer superannuation for the employed and the self-employed. The investment menu covers a broad range of 'Managed Choice' and 'Build Your Own' options, as well as the Default Strategy, where investments are allocated depending on the member’s age into the existing Aggressive (MySuper) and Balanced (MySuper) options. The Balanced (MySuper) option has outperformed the relevant SuperRatings Index over each time period assessed to 30 June 2018. Notably, the fund’s Australian Shares option was the best performing SR50 Australian Shares Index option for the five years to 30 June 2018. Fees are higher than the industry average across all account balances assessed. No fees are charged for switching investments; however, withdrawal and exit fees apply. 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. Members can apply to increase their Death and TPD cover following the occurrence of a prescribed Life Event without additional underwriting. Income Protection with a benefit period of 5 years, to age 65 or to age 70, covering up to 85% of salary, is available following a 30 or 60 day waiting period. Catholic Super provides members with access to a free seminar program, as well as a range of online calculators and fact sheets. The fund's secure online facility, MyLife Online, further allows members to view and update account details and perform transactions.