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Meat Industry Employees Superannuation Fund

Past 5-year return
New fund
Admin fee
$92
Calculated Fees on 50k
$342
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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.
MIESF is an accumulation superannuation fund that was established over 30 years ago to provide superannuation to employees in the meat industry.The fund offers a limited choice of 2 Diversified investment options. The MIESF MySuper option (where data has been available) has underperformed the relevant SuperRatings Index.The fund offers a competitive fee structure, with fees lower than the industry average across all assessed account balances. Members are not charged an investment switching fee or buy/sell spread; however, an exit fee does apply. MIESF provides Death and Total and Permanent Disablement (TPD) insurance cover to all eligible members. New members will have their death cover restricted to $100,000 until one year after the fund receives their first employer contribution. Income Protection (IP) insurance is not available through this fund. Due to limited information and the linked nature of the Death and TPD cover in the fund SuperRatings is unable to complete a comparative analysis of the insurance cover provided. Refer to the insurance guide for more detailed information on the insurance provided.The fund provides occasional newsletters to members and has some education tools available on the website. Overall this is a low cost fund that provides relatively limited additional benefits to members.

Fees & fund features

Admin fee
Admin fee
$92
Administration fee (%)
Administration fee (%)
0.00%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
Exit fee
Exit fee
$41
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.50%
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
$92
Administration fee (%)
Administration fee (%)
0.00%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
Exit fee
Exit fee
$41
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.50%
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 superannuation fund is an institution that is legally allowed to hold and invest your superannuation. There are more than 200 different superannuation funds in Australia. They come in five different types:

  • Retail funds
  • Industry funds
  • Public sector funds
  • Corporate funds
  • Self-managed super funds

Retail funds are usually run by banks or investment companies.

Industry funds were originally designed for workers from a particular industry, but are now open to anyone.

Public sector funds were originally designed for people working for federal or state government departments. Most are still reserved for government employees.

Corporate funds are arranged by employers for their employees.

Self-managed super funds are private superannuation funds that allow people to directly invest their money.

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