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ESSSuper - Beneficiary Account

Past 5-year return
7.04%
Admin fee
$0
Calculated Fees on 50k
$610
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Range of 9 investment options with the ability to change investment choice monthly.
Competitive fees.
Regular communication material, including quarterly statements and online access to account details.
Withdrawals processed within 1 business day.
Emergency Services & State Super (ESSSuper) is a dedicated super fund offering retirement benefits for current and former Victorian emergency services employees, state super members and their eligible spouses. The fund is Infinity Recognised, which is a result of its strong commitment to environmental and social principles. The Beneficiary Account is available to ESSS Defined Benefit members who are no longer employed within emergency services and wish to transfer their untaxed benefits to the scheme, which may be tax advantageous. ESSSuper offers a range of 9 investment options to choose from, providing members with access to 7 ‘Standard Options’ which are pre-mixed with a range of risk profiles from defensive to growth, and 2 ‘Alternative Options’ for members looking to prioritise a particular characteristic when investing. The default Growth option has underperformed the SuperRatings Index over the short term, but outperformed over the 10 years to 30 June 2018.Fees are higher than the industry average across medium and large account balances assessed, with the combined administration fee capped at $2,000 pa. Members can switch investment options and make withdrawals at no cost. Insurance is not offered under the Beneficiary Account, however existing members leaving emergency services employment can obtain insurance through other products offered by ESSSuper.Members have access to limited and comprehensive financial advice provided through Adviser Network on a fee-for-service model. A wide range of interactive tools, calculators, factsheets and educational videos are also available through the fund's website. ESSSuper's Member Online further allows members to view and update account details, as well as perform transactions.
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Fees & fund features

Admin fee
Admin fee
$0
Administration fee (%)
Administration fee (%)
0.35%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.28%
Exit fee
Exit fee
$0
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.59%
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
$0
Administration fee (%)
Administration fee (%)
0.35%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.28%
Exit fee
Exit fee
$0
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.59%
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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