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Commonwealth Essential Super

Commonwealth Essential Super

No. of members:

272352

Fund size:

$3.8b

Public offer:

Product type:

Master Trust-Personal

Target market:

Commonwealth Bank customers

Year started:

2013

- Last updated on 15 Aug 2020

First State Super

SuperRatings awards

Past 5-year return

5.83%

Excellent value for money; Sound long term historical investment performanceBenefits associated with a large scale super fund

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First State Super terms and conditions

Past 5-year return

New Fund

Admin fee

$71

Calc fees on 50k

$481

SuperRatings awards

Having your super visible in NetBank means you will never lose track of it again.

Check your balance and make changes when it suits you.

Competitive, easy to understand fees.

Straight-forward lifestage investment options which change with your age.

Support from our Super Concierge service to help bring all your super accounts together so you can save on fees.

Commonwealth Essential Super was established in 2013 to service the retirement needs of members from a wide range of industries. The fund is a public offer fund and allows members from all industries to apply for membership.Commonwealth Essential Super investment menu consists of a Balanced option, an Australian Shares option and a Cash option, as well as the Lifestage option that automatically transitions members through 12 lifestage investment options and increases the allocation to defensive asset classes as they get older. The Lifestage 1960-64 option outperformed the relevant SuperRatings Index over the 5 years to 30 June 2019.Fees are lower than the industry average across all account balances assessed. There is no switching fee, although a buy-sell spread may apply.Commonwealth Essential Super offers eligible members up to $400,000 of Death and Total & Permanent Disability insurance cover. Members have the choice to change or cancel their insurance cover at any time. No income protection is available with this product.Commonwealth Bank members may link their Essential Super account with their bank account and are provided a range of convenient services including transactional functionalities, super consolidation tools and communications directly through NetBank.

Commonwealth Bank Fees and Features

Admin fee $71	Health insurance
Administration fee (%) 0.35%	Binding nominations
Indirect cost ratio (%) 0.07%	Anti-detriment payments
Exit fee $0	Switching fee $0
Financial planning service	Employer size discount
Credit cards	Home loans
Insurance life event increases	Non-lapsing binding nominations
Investment fee 0.4%	Long term income protection
Account size discount

Fund fees vs. Industry average

THIS FUND

INDUSTRY AVERAGE

Fund past-5-year return vs. Industry average

THIS FUND

INDUSTRY AVERAGE

Investment allocation

INTERNATIONAL SHARES

AUSTRALIAN SHARES

PROPERTY

ALTERNATIVES

FIXED INTEREST

CASH

OTHER

Investment option performance

BALANCED

HIGH GROWTH

CONSERVATIVE BALANCE

AUSTRALIAN SHARES

CAPITAL STABLE

CASH

+ View additional option performance information

Now showing 1 - 2 of 2 superannuation

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Product	Past 5-year return	Admin fee	Company	Calc fees on 50k	Features	SuperRatings awards	Go to site
Commonwealth Essential Super	New Fund	$71	Commonwealth Essential Super	$481	Advisory services Death insurance Income protection Online access Term deposits Variety of options			More details
Commonwealth Essential Super - MySuper	New Fund	$71	Commonwealth Essential Super - MySuper	$446	Advisory services Death insurance Income protection Online access Term deposits Variety of options			More details