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Catholic Super

Past 5-year return
8.19%
Admin fee
$94
Calculated Fees on 50k
$769
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In-house financial planning services available.
Extensive seminar program including retirement and pre retirement planning.
Insurance selection options - online, tele-interview or face-to-face.
Online account management, switching, member statements.
RateMySuper Tool.
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.

Fees & fund features

Admin fee
Admin fee
$94
Administration fee (%)
Administration fee (%)
0.18%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.45%
Exit fee
Exit fee
$35
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.72%
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
$94
Administration fee (%)
Administration fee (%)
0.18%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.45%
Exit fee
Exit fee
$35
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.72%
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

A superannuation fund is an institution that is legally allowed to hold and invest your superannuation. There are more than 200 different superannuation funds in Australia. They come in five different types:

  • Retail funds
  • Industry funds
  • Public sector funds
  • Corporate funds
  • Self-managed super funds

Retail funds are usually run by banks or investment companies.

Industry funds were originally designed for workers from a particular industry, but are now open to anyone.

Public sector funds were originally designed for people working for federal or state government departments. Most are still reserved for government employees.

Corporate funds are arranged by employers for their employees.

Self-managed super funds are private superannuation funds that allow people to directly invest their money.

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