company logo

StatePlus - Personal Retirement Plan

Past 5-year return
New fund
Admin fee
$0
Calculated Fees on 50k
$805
Compare
No information was provided by the fund to SuperRatings.
Established in 1993, the StatePlus Retirement Fund is a government fund, catering for current and former New South Wales and Commonwealth public sector employees and their families. The Personal Retirement Plan offers an investment menu consisting of 5 Diversified and 4 Single Sector options, as well as a non-unitised fund, the Fixed Term Fund. The Balanced Fund underperformed the SuperRatings Index over each time period assessed to 30 June 2018.Fees associated with this product are higher than the industry average across all assessed account balances; however, a fee rebate is available for eligible account balances that exceed $1,000,000. There are no exit fees and members can switch between investment options at no cost. Unlike most funds, the Personal Retirement Fund does not provide members with any insurance.Additional benefits available include access to advice services, seminars, high quality educational material, as well as the ability to view account details and perform transactions online.
Advertisement
Advertisement

Fees & fund features

Admin fee
Admin fee
$0
Administration fee (%)
Administration fee (%)
0.01%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.15%
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
1.45%
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
$0
Administration fee (%)
Administration fee (%)
0.01%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.15%
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
1.45%
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
+ View additional option performance information
1 - 2 of 2
Product
Past 5-year return
Admin fee
Past 5-year return
Company
Calculated Fees on 50k
Features
SuperRatings awards
Go To Site
More Info
Compare

More details

More Info
Compare

More details

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

 

Details  
Compare your product with the big 4 banks, or add more products to compare
As seen on