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NEO SuperSMA Accumulation Account

Past 5-year return
New fund
Admin fee
$209
Calculated Fees on 50k
$859
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For available information refer to the fund's PDS.
NEO SuperSMA is a registered managed investment scheme of which Praemium Australia Limited is the responsible entity. The product can be accessed through the appointment of a financial adviser who can tailor an investment strategy solution on behalf of clients. Members can access a range of professionally managed Multi-Asset Model Portfolios and Single Asset Model Portfolios; such as managed funds or ETFs, via a Separately Managed Account (SMA). Members have the ability to invest in numerous Model Portfolios to suit their investment objectives. Past performance of the fund is not readily available and therefore cannot be accurately measured against the relevant SuperRatings Indices.Fees are higher than the industry average across all account balances assessed; however, a reduced asset-based administration fee is applicable on account balances greater than $250K. The fee structure includes a monthly accounting fee, operational risk reserve levy and expense recovery fee. Investment switching will incur brokerage fees; however, withdrawals are free and unlimited.NEO SuperSMA members can choose to apply for insurance cover from either AIA Australia, TAL Life Limited or Zurich Insurance. Insurance premiums are tailored to each member and therefore the assessment is not provided in this report.NEO SuperSMA provides a secure online access where members can monitor their investment performance, view daily asset allocations and view and download a variety of investment reports.
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Fees & fund features

Admin fee
Admin fee
$209
Administration fee (%)
Administration fee (%)
0.43%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.21%
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
0.66%
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
$209
Administration fee (%)
Administration fee (%)
0.43%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.21%
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
0.66%
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

MySuper accounts are basic, low-fee accounts. If you don’t nominate a superannuation fund, your employer must choose one for you that offers a MySuper account.

MySuper accounts offer two investment options:

  1. Single diversified investment strategy

Your fund assigns you a risk strategy and investment profile, which remain unchanged throughout your working life.

  1. Lifecycle investment strategy

Your fund assigns you an investment strategy based on your age, and then changes it as you get older. Younger workers are given strategies that emphasise growth assets

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