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Whole Super

Past 5-year return
New fund
Admin fee
$0
Calculated Fees on 50k
$735
Compare
Strong website.
Member online portal.
Member online application.
Enhanced investment options.
Whole Super was established in June 2015 and is an accumulation superannuation product offered through the MAP Superannuation Plan Division II. Members are offered a comprehensive investment menu, consisting of 6 pooled investment strategies and a range of Super Wrap investment options, which include Managed Funds, Managed Account Portfolios, Direct Shares and Term Deposits. While limited performance history is available for this product, the Super Balanced option underperformed the SuperRatings Index over the year to 30 June 2018.Fees are higher than the industry average across medium and large account balances assessed. A minimum administration fee of $250 applies to each account. A switching fee is charged after two free switches per annum, while an exit fee applies for leaving the fund.Whole Super offers members opt-in Group Life Insurance and Income Protection (IP). There is no limit to the amount of Death only cover a member can apply for, while Death & TPD cover is available up to a maximum of $3 million. IP insurance covers up to 85% of a member's salary, including an employer superannuation contribution benefit of 10%, over a 2 year or to age 65 benefit period, with a choice of a 30, 60 or 90 day waiting period.Members have 24 hours a day access to their account online via Super Prophets Implement, where they can manage their account and perform transactions such as switching investment options and changing their group life insurance cover.
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Fees & fund features

Admin fee
Admin fee
$0
Administration fee (%)
Administration fee (%)
0.60%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.47%
Exit fee
Exit fee
$77
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.40%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$35
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 (%)
0.60%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.47%
Exit fee
Exit fee
$77
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.40%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$35
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

You can withdraw your superannuation when you meet the ‘conditions of release’. The conditions of release say you can claim your super when you reach:

  • Age 65
  • Your ‘preservation age’ and retire
  • Your preservation age and begin a ‘transition to retirement’ while still working

The preservation age – which is different to the pension age – is based on date of birth. Here are the six different categories:

Date of birth Preservation age
Before 1 July 1960 55
1 July 1960 – 30 June 1961 56
1 July 1961 – 30 June 1962 57
1 July 1962 – 30 June 1963 58
1 July 1963 – 30 June 1964 59
From 1 July 1964 60

A transition to retirement allows you to continue working while accessing up to 10 per cent of the money in your superannuation account at the start of each financial year.

There are also seven special circumstances under which you can claim your superannuation:

  • Compassionate grounds
  • Severe financial hardship
  • Temporary incapacity
  • Permanent incapacity
  • Superannuation inheritance
  • Superannuation balance under $200
  • Temporary resident departing Australia

 

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