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Lutheran Super - Retained Benefit

Past 5-year return
7.30%
Admin fee
$91
Calculated Fees on 50k
$536
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No information was provided by the fund to SuperRatings, Hence an alert rating may be given in areas where a qualitative assessment cannot be made. For available information refer to the fund's PDS.
Lutheran Super is the superannuation fund dedicated to the benefit of employees & former employees of the Lutheran Church of Australia and their spouse. The Retained Benefit section is designed for members who ceased their employment with a Lutheran Church participating employer.The investment menu consists of 8 investment options, including 2 Socially Responsible investment options for the ethical investor. Lutheran Super's Balanced Growth option underperformed the SuperRatings Index over the 10 year period to 30 June 2018.Lutheran Super's fees are competitive and lower than the industry average across all account balances assessed. An exit fee applies for withdrawals, while investment switches are free of charge. Members receive the same level of insurance cover prior to becoming a Retained Benefit member, with a full suite of insurance cover provided, including basic levels of Death and Total & Permanent Disablement (TPD) insurance cover, as well as Standard Income Protection (IP) cover for members working above the minimum required 15 hours per week. IP cover with a benefit period of 2 years, 5 years, to age 65 or to age 67, covering up to 84.5% of salary (including 9.5% super contributions), is available following a 90 day waiting period. Members can apply to increase their Death and TPD cover upon the occurrence of a prescribed life event without additional underwriting.Lutheran Super offers a range of calculators, educational webinars and reporting publications on its website. Members can also access their account online and perform transactions.
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Fees & fund features

Admin fee
Admin fee
$91
Administration fee (%)
Administration fee (%)
0.30%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
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
$91
Administration fee (%)
Administration fee (%)
0.30%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
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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