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legalsuper Personal

Past 5-year return
7.83%
Admin fee
$68
Calculated Fees on 50k
$638
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Dominant fund for national legal profession (1/3 of national profession are members)
Online account management
Field team to service member and employer base
Ancillary benefits (8% NIB health insurance discount, Members Equity, Link Advice)
Established in 1989 to provide superannuation services to legal professionals, legalsuper is now a public offer industry fund dedicated to serving the legal community. The Personal Division caters specifically to individuals, self-employed or spouse members wishing to contribute directly to the fund. Members have access to an investment menu comprising 7 Diversified and 4 Single sector options, including a Socially Responsible option, as well as a Direct Investment Option providing access to Direct Shares listed on the S&P/ASX 300, a range of Exchange Traded Funds (ETFs), Listed Investment Companies (LICs) and Term Deposits. The Balanced option outperformed the relevant SuperRatings Index over each time period assessed to 30 June 2018. Fees are lower than the industry average across all assessed account balances, with the administration fee capped for account balances over $350,000. The fund does not charge a switching fee, although buy-sell spreads may apply and an exit fee is payable on each withdrawal. A full suite of insurance cover is offered, with Death and Total & Permanent Disablement (TPD) insurance cover of $250,000 automatically provided to eligible members upon joining the fund. Members can apply for unlimited Death cover and up to $3 million of TPD cover. Income Protection (IP) is available up to 85% of salary and with a choice of 30, 60 or 90 day waiting periods and benefit payment periods of 2 years, to age 60 or to age 65. Members have access to workplace seminars and one-on-one meetings with Client Service Managers and the fund also offers Member Support Programs through SANE Australia. Additional benefits available include access to advice services, high quality educational material, interactive tools and calculators, as well as the ability to view account details and perform transactions online.
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Fees & fund features

Admin fee
Admin fee
$68
Administration fee (%)
Administration fee (%)
0.29%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.16%
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
0.69%
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
$68
Administration fee (%)
Administration fee (%)
0.29%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.16%
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
0.69%
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 government co-contribution is a bonus payment from the federal government into your superannuation account – but it comes with conditions. First, the government will only make a co-contribution if you make a personal contribution. Second, the government will only contribute a maximum of $500. Third, the government will only make co-contributions for people on low and medium incomes. The Australian Taxation Office will calculation whether you’re entitled to a government co-contribution when you lodge your tax return. The size of any co-contribution depends on the size of your personal contribution and income.

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