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NGS Super - Industry Plan

Past 5-year return
7.77%
Admin fee
$65
Calculated Fees on 50k
$670
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Strong focus on member education.
Cost effective financial planning service.
Low cost banking products provided through ME.
NGS Super was established in 1988 as an industry super fund dedicated to people who work in education and community-focused organisations. Members from outside these industry groups can join the Personal Plan and receive the same benefits. The fund is Infinity Recognised, which is a result of its strong commitment to environmental and social principles. NGS Super offers a range of 12 investment options to choose from, providing members with access to 7 Pre-Mixed and 5 Sector-Specific options. The NGS Self-Managed option is offered to members who wish to take greater control over their investments, providing direct access to shares listed on the S&P/ASX 300, a range of Exchange Traded Funds (ETFs) and Term Deposits. The Diversified (MySuper) option outperformed the SuperRatings Index over the 5 years to 30 June 2018, and outperformance over the 10 year period is also evident.Fees are higher than the industry average across medium and large account balances assessed; however, the asset administration fee has a maximum cap of $500 pa. Members receive one free investment switch each financial year, while an exit fee is applied when a withdrawal is processed. A full suite of insurance cover is offered, with Death, Total & Permanent Disablement (TPD) and Income Protection (IP) insurance cover automatically provided to eligible members upon joining the fund. Income Protection with a benefit period of 2 years, 5 years, to age 65 or to age 67, covering up to 90% of salary, is available following a 30, 60 or 90 day waiting period. Members can apply to increase their Death, TPD or IP cover following the occurrence of a prescribed Life Event without additional underwriting.A range of online tools, calculators and educational resources are available through the fund's website, with an online advice tool, NGS SuperMap, and free seminars also on offer. The fund's secure website, Member Online, further enables members to view and update their accounts online, as well as perform transactions.
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Fees & fund features

Admin fee
Admin fee
$65
Administration fee (%)
Administration fee (%)
0.10%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
1.11%
Exit fee
Exit fee
$80
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
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 (%)
0.10%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
1.11%
Exit fee
Exit fee
$80
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
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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