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Media Super

Past 5-year return
8.07%
Admin fee
$65
Calculated Fees on 50k
$555
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Low fees
Choice of 23 investment options & Direct Investment option
Free limited advice & free super and retirement seminars for members
Interactive and informative website
Flexible insurance arrangements
Business Development Manager workplace visits Australia wide
Media Super is a public offer industry fund established in 2008 from the merger of Print Super and JUST SUPER. It continues to service members in the print, media, entertainment, arts and creative industries. Members have access to a wide variety of Diversified and Single Sector investment strategies, which include a Sustainable Future Shares option and a SmartPath Lifecycle option. Furthermore, the Direct Investment Option provides access to Direct Shares listed on the S&P/ASX 300, a range of Exchange Traded Funds (ETFs) and Term Deposits. The Balanced option outperformed the relevant SuperRatings Index over the short term; however, underperformed over the 10 years to 30 June 2018. Fees are lower than the industry average across all assessed account balances, with the asset based administration fee capped at $600 pa. The fund charges both a switching fee and an exit fee. Media Super provides a full suite of insurance cover, with eligible members automatically provided with insurance cover upon joining the fund, including Death, Total & Permanent Disablement (TPD) and Income Protection (IP) insurance cover. Members can apply for up to $5 million of Death cover and up to $3 million of TPD cover. Income Protection covers up to 87% of salary (including SG contributions), with a maximum benefit payment of $30,000 per month. Members have a choice of benefit payment periods of 5 years or up to age 65, with a selection of 30, 60 or 90 day waiting periods. Additional benefits available include access to financial advice services, high quality educational material, interactive tools and calculators, as well as the ability to view account details and perform transactions online.

Fees & fund features

Admin fee
Admin fee
$65
Administration fee (%)
Administration fee (%)
0.15%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.63%
Exit fee
Exit fee
$69
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.20%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$30
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
$65
Administration fee (%)
Administration fee (%)
0.15%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.63%
Exit fee
Exit fee
$69
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.20%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$30
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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