Local Government Super Personal Division

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Past 5-year return
9.98%
Admin fee
$71
Calculated Fees on 50k
$766
Strong commitment to sustainable investing
Access to financial planning service & online member access facility
Attractive insurance offering with competitive rates for automatic insurance
Member benefit program which provides benefits and discounts for travel accommodation, phone and rental cars etc.
Significant member education (free seminars, printed newsletters, e-Newsletters, member communications, fact sheets, website etc)
Originally established to provide retirement benefits to employees of NSW Local Governments in 1997, Local Government Super (LGS) is now a public offer industry fund. LGS Accumulation Scheme is one of multiple divisions offered by the fund, which includes Defined Benefit and Pension schemes. The fund won the 2018 SuperRatings Infinity Award for the sixth time for its exceptional commitment to social, ethical and environmental principals. Members are provided with a choice of 6 Diversified and Single-Sector investment strategies, which include a Sustainable Australian Shares option. Access to Term Deposits, ASX300 Shares and ETFs is also provided via the DIY investment option, however, additional costs may be incurred. The Balanced Growth option outperformed the SuperRatings Index over the past two years, while underperformance over the long term remains evident.Fees for the Balanced Growth option are higher than the industry average across all assessed account balances. Transaction fees also apply for investment switches and withdrawals. LGS' Death Only, Death & TPD and Income Protection (IP) offerings are competitive compared to industry peers, with Basic Death and/or TPD cover automatically provided to eligible members. Members can also apply for unlimited Death Only cover and up to $3 million of Death & TPD insurance. IP is available over a 2 year or to age 65 benefit period, covering up to 85% of salary or a maximum monthly benefit payment of $25,000.

Fees & fund features

Admin fee
Admin fee
$71
Exit fee
Exit fee
$27
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.37%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$27
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
$71
Exit fee
Exit fee
$27
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.37%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$27
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
+ View additional option performance information
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