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Tasplan Protect 1

Past 5-year return
7.82%
Admin fee
$78
Calculated Fees on 50k
$523
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Tasmania's largest multi industry fund so members can use it wherever they work
Full time local representatives available to support businesses and members
Free financial planning advice on superannuation issues on a Tasplan account
Ancillary benefits can be accessed by members of Tasplan
Established in 1987 for Tasmanian corporate employees, Tasplan Super has been a public offer industry fund since 2007. With the aim to create a single Tasmanian superannuation fund, Tasplan merged with Quadrant Super in November 2015 and the RBF Accumulation Scheme in April 2017. The fund was the winner of the 2019 Rising Star award, in recognition of consistent improvements to its product offerings.Tasplan Super offers 10 Diversified and Single Sector options, as well as a default lifecycle strategy, Tasplan OnTrack, which is designed to automatically adjust a member's investment mix based on their age. Tasplan's Balanced option outperformed the SuperRatings Index over the 10 years to 30 June 2018. Fees are lower than the industry average across all assessed account balances, with the percentage-based administration fee capped at $500 p.a. Members are able to switch investment options at no cost; however, an exit fee applies to partial and full withdrawals. A full suite of insurance cover is offered through Tasplan (Protect 1), with Basic Death and Total & Permanent Disablement (TPD) Cover automatically provided to eligible members upon joining the fund. Members can apply for up to $5 million of Death cover and up to $3 million of TPD cover. Income Protection is available with a maximum of 85% of salary with benefit payment periods of 2 years or to age 65 and a choice of 30, 60, or 90 day waiting periods.Additional benefits available include access to advice services, information sessions, high quality educational material, interactive tools and calculators, as well as the ability to view account details and perform transactions via Tasplan Online.
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Fees & fund features

Admin fee
Admin fee
$78
Administration fee (%)
Administration fee (%)
0.20%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.21%
Exit fee
Exit fee
$60
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.48%
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 (%)
0.20%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.21%
Exit fee
Exit fee
$60
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.48%
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

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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