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MTAA MySuper

Past 5-year return
8.57%
Admin fee
$78
Calculated Fees on 50k
$503
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Superannuation Advice by qualified financial planners - face-to-face nationally at no additional cost
Free national financial education programs – public and employer based
Dedicated relationship managers for employers
Mobile App to track super details
Flexible Insurance options
Regular member communication including 6 monthly member magazine
Partner benefits through NIB Health and ME Bank
MTAA MySuper was established in 1989 to provide for the retirement needs of members employed within the retail motor trades and allied industries and is MySuper compliant. The fund is a public offer fund and allows members from all industries to apply for membership.MTAA Super offers the My AutoSuper option as the funds default investment option, whilst choice members may also select from a range of Diversified and Single Sector options. The My AutoSuper option outperformed the relevant SuperRatings Index over the 5 years to 30 June 2018.Fees are lower than the industry average across all account balances assessed, with the administration fee capped at $533 pa. The fund does not charge switching fees, although an exit fee and buy-sell spread may apply.MTAA Super's insurance offering allows eligible members to apply for up to $5 million of Death cover and up to $3 million of TPD cover. Members can also apply to increase cover following the occurrence of a prescribed Life Event without additional underwriting. Income Protection with a benefit period of 2 years, 5 years or to age 65, covering up to 85% of salary, is available following a 30, 60 or 90 day waiting period. Comprehensive member services are offered by MTAA Super, including online access to account information and transactions, online calculators, free member workshops, phone based limited personal advice service and financial planning advice.

Fees & fund features

Admin fee
Admin fee
$78
Administration fee (%)
Administration fee (%)
0.15%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
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
0.70%
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 (%)
0.15%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
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
0.70%
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

Superannuation is designed to provide Australians with money in their retirement. The government has strict rules around when people can take that money out of their fund because it wants to prevent people eroding their savings before they reach retirement.

As a general rule, you can only take money out of your superannuation fund when you reach:

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

That said, you can take money out of your superannuation fund early based on one of these seven special conditions:

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