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LGIAsuper - MySuper Lifecycle

Past 5-year return
7.33%
Admin fee
$0
Calculated Fees on 50k
$520
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Extensive member education program.
Personal service from friendly and knowledgeable staff.
Solid investment returns from a range of ready-made and single asset class options.
Unique understanding of Queensland local government and the needs of members while they work and the years beyond.
Free annual investment update seminar.
LGIAsuper is an industry fund established in 1965 to cater to the retirement needs of current and former Queensland local government employees and their spouses, with membership now open to the general public. The fund’s MySuper Lifecycle investment option allocates members’ investments according to their age into the existing Diversified Growth option (for Under 75) or the Balanced option (for 75 plus), automatically moving older members to a more defensive option. The MySuper Lifecycle Under 75 option outperformed the SuperRatings Index over 1 and 3 years to 30 June 2018, while longer term performance has been broadly in line with the Index. Choice members can choose from 7 Ready-Made and 5 Single Asset options. Fees are competitive and lower than the industry average across all account balances assessed. Members are able to switch investment options and make withdrawals at no cost. 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. Income Protection is available to a maximum of 75% of salary, with a two-year benefit payment period and a choice of six waiting periods. Members can apply to increase their Death and TPD cover following the occurrence of a prescribed Life Event without additional underwriting.LGIAsuper provides members with access to free seminars across Queensland, as well as a range of online fact sheets, calculators, educational videos, and comprehensive financial planning services. LGIAsuper's Member Online further allows members to consolidate super, view and update account details and perform transactions.
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Fees & fund features

Admin fee
Admin fee
$0
Administration fee (%)
Administration fee (%)
0.21%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.38%
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
0.45%
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 (%)
0.21%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.38%
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
0.45%
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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