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Tasplan Protect 1 MySuper

Past 5-year return
New fund
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 general advice on superannuation issues on a Tasplan account
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 OnTrack is the fund's MySuper default option. With four Diversified investment options (Build, Sustain, Control and Maintain) included, this strategy is designed to automatically adjust a member's investment mix based on their age. While limited performance history is currently available, the OnTrack Sustain option outperformed the relevant SuperRatings Index over the year to 30 June 2018. Choice members can also access ten additional investment strategies. 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

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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