company logo

Maritime Super - Seafarers Contributory Accumulation

Past 5-year return
6.91%
Admin fee
$78
Calculated Fees on 50k
$843
Compare
Access to superannuation and retirement products that can take members through their working life and into retirement.
Access to Spouse and Child accounts, providing access to the benefits offered by the fund.
Affordable, quality advice from affiliated licensed financial planners.
Maritime Super was established in 2009 from the merger between the Seafarers' Retirement Fund (SRF) and Stevedoring Employees Retirement Fund (SERF). The Seafarers Contributory Accumulation product caters to members currently employed in a seafaring occupation.Members have access to 10 Diversified and Single-Sector investment strategies, including a Growth option with active volatility management, as well as a Fixed Term investment option. The fund's Balanced option underperformed the SuperRatings Index over the 10 year period to 30 June 2018.Fees are higher than the industry average across all account balances assessed; however, the asset-based administration fee does not apply on account balances over $500,000. Members can perform investment switches and withdrawals free of charge. A full suite of insurance cover is provided to eligible members upon joining the fund, including Basic Death and Total & Permanent Disablement (TPD) and Basic Income Protection (IP) cover. Members can apply for up to $2 million of Voluntary Death & TPD cover. IP cover is provided up to a maximum of 75% of salary, with a 2 year benefit payment period and a 30 or 60 day waiting period. Maritime Super members have access to free phone based advice and comprehensive financial planning services on a fee-for-service basis. Educational videos, calculators and an online rollover tool can also be accessed through the fund’s website and enhanced member online portal.
Advertisement
Advertisement

Fees & fund features

Admin fee
Admin fee
$78
Administration fee (%)
Administration fee (%)
0.28%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.87%
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
0.38%
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
$78
Administration fee (%)
Administration fee (%)
0.28%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.87%
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
0.38%
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
+ View additional option performance information
1 - 5 of 5
Product
Past 5-year return
Admin fee
Calculated Fees on 50k
Company
Features
SuperRatings awards
Go To Site
Compare

More details

Compare

More details

Compare

More details

Compare

More details

Compare

More details

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

 

Details  
Compare your product with the big 4 banks, or add more products to compare
As seen on