Kogan Super
- Last updated on 12 Aug 2020
First State Super
$0
$335
Kogan Super is a plan within the Mercer Super Trust, designed to provide a simple, online-led experience with competitive fees to optimise retirement outcomes for members across all industries. A minimum account balance of $500 is required to commence and maintain a Kogan Super account, with checks conducted every six months. Kogan Super was a finalist for the 2020 Best New Innovation award.Kogan Super offers a range of 5 investment options to choose from, providing members with access to 4 index-based options and a Cash option. Members have the ability to create a customised investment option by mixing from the 5 options available. Performance history is not available for this product.Fees are competitive and lower than the industry average across all account balances assessed. Members can switch investment options at no cost.A full suite of insurance cover is offered, with Death and Total & Permanent Disablement (TPD) cover automatically provided to eligible members upon joining the fund. Members can apply for additional voluntary Death and TPD cover or apply to increase their Death and TPD cover following the occurrence of a prescribed Life Event without additional underwriting. Income Protection (IP) with a benefit period of 2 years, covering up to 75% of salary, is available following a 90 day waiting period. Members are able to apply, adjust or cancel their cover at any time.Members have access to a free Simple Super Advice service, as well as comprehensive financial planning services provided through Mercer Financial Advice. Easy digital account management allows members to access a range of functionalities, such as viewing account balance and investment performance, switching investment options and making preferred beneficiary nominations.
Admin fee $0 | Health insurance |
Administration fee (%) 0.33% | Binding nominations |
Indirect cost ratio (%) 0.1% | Anti-detriment payments |
Exit fee $0 | Switching fee $0 |
Financial planning service | Employer size discount |
Credit cards | Home loans |
Insurance life event increases | Non-lapsing binding nominations |
Investment fee 0.24% | Long term income protection |
Account size discount |
Fund fees vs. Industry average
Fund past-5-year return vs. Industry average
Investment allocation
Investment option performance
Product | Past 5-year return | Admin fee | Company | Calc fees on 50k | Features | SuperRatings awards | Go to site | |
|---|---|---|---|---|---|---|---|---|
4.98% | $0 | Mercer Portfolio Super Account- Category 2 | $740 | Advisory services Death insurance Income protection Online access Term deposits Variety of options | | More details | ||
4.66% | $90 | Mercer SmartPath - MySuper | $767 | Advisory services Death insurance Income protection Online access Term deposits Variety of options |     | More details | ||
4.64% | $90 | Mercer Super Trust - Corporate Superannuation Division | $792 | Advisory services Death insurance Income protection Online access Term deposits Variety of options |   | More details | ||
New Fund | $0 | Kogan Super | $335 | Advisory services Death insurance Income protection Online access Term deposits Variety of options | | More details | ||
New Fund | $0 | Mercer Portfolio Super Account- Category 1 | $1.3k | Advisory services Death insurance Income protection Online access Term deposits Variety of options | | More details |
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