MLC MasterKey Business Super - MLC MySuper
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Past 5-year return
New fundAdmin fee
$78Calculated Fees on 50k
$678Reduction of fees based on plan size.
Integrated clearing house facitilies.
Super contributions benefit of up to 15% paid to MLC or any other super fund.
MLC MasterKey Business Super is part of the MLC Super Fund and is a corporate superannuation solution designed for small to large businesses. The fund's MySuper offering comprises a single diversified investment option, MySuper. The MySuper option has underperformed the SuperRatings Index over the 3 years to 30 June 2017, while longer term performance history is currently not available. Choice members have access to both Diversified and Single Sector options, as well as managed investments across a range of asset classes.Fees are lower than the industry average across all account balances assessed and a Large Plan Rebate may apply. Members are able to switch investment options at no cost, while an exit fee is applied for full or partial withdrawals. MLC MasterKey Business Super provides a full suite of insurance cover, including unlimited Death Only cover and Total & Permanent Disablement (TPD) cover up to a maximum of $5 million. Premiums and insurance design can be tailored to each Employer Plan, alternatively members will automatically be provided with MLC Lifestage insurance. Income Protection (IP) offers benefit payment periods of either 2 years, 5 years or to age 65, with a maximum of 90% of pre-disability income and a choice of 4 waiting periods. Members with IP cover can also access Best Doctors services. The fund offers a range of additional benefits to its members, including access to financial advice, investor educational materials, regular newsletters and online access, allowing members to view and updated account details online, as well as perform transactions. Additionally, Work Life NAB offers access to a variety of offers and discounts on lifestyle and financial products and services.
Fees & fund features
Admin fee | Admin fee $78 |
|---|---|
Exit fee | Exit fee $75 |
Financial planning service | Financial planning service |
Credit cards | Credit cards |
Insurance life event increases | Insurance life event increases |
Investment fee | Investment fee 0.46% |
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 |
|---|---|
Exit fee | Exit fee $75 |
Financial planning service | Financial planning service |
Credit cards | Credit cards |
Insurance life event increases | Insurance life event increases |
Investment fee | Investment fee 0.46% |
|---|---|
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 past-5-year return vs. Industry average
Investment allocation
+ View additional option performance information
Company | Product | Past 5-year return | Admin fee | Past 5-year return | Calculated Fees on 50k | Features | SuperRatings awards | Go To Site |
|---|---|---|---|---|---|---|---|---|
| Past 5-year return 10.45% | Admin fee $375 | Past 5-year return 10.45% | Calculated Fees on 50k $762 | Features Advisory services Death insurance Income protection Online access Term deposits Variety of options | SuperRatings awards  | Compare | |
| Past 5-year return 10.45% | Admin fee $1,200 | Past 5-year return 10.45% | Calculated Fees on 50k $1,575 | Features Advisory services Death insurance Income protection Online access Term deposits Variety of options | SuperRatings awards | Compare | |
| Past 5-year return 10.45% | Admin fee $375 | Past 5-year return 10.45% | Calculated Fees on 50k $762 | Features Advisory services Death insurance Income protection Online access Term deposits Variety of options | SuperRatings awards | Compare | |
| Past 5-year return 10.10% | Admin fee $78 | Past 5-year return 10.10% | Calculated Fees on 50k $1,283 | Features Advisory services Death insurance Income protection Online access Term deposits Variety of options | SuperRatings awards  | Compare | |
| Past 5-year return 10.10% | Admin fee $0 | Past 5-year return 10.10% | Calculated Fees on 50k $805 | Features Advisory services Death insurance Income protection Online access Term deposits Variety of options | SuperRatings awards  | Compare | |
| Past 5-year return 8.76% | Admin fee $0 | Past 5-year return 8.76% | Calculated Fees on 50k $1,130 | Features Advisory services Death insurance Income protection Online access Term deposits Variety of options | SuperRatings awards | Compare | |
| Past 5-year return New fund | Admin fee $78 | Past 5-year return New fund | Calculated Fees on 50k $678 | Features Advisory services Death insurance Income protection Online access Term deposits Variety of options | SuperRatings awards | Compare | |
| Past 5-year return New fund | Admin fee $78 | Past 5-year return New fund | Calculated Fees on 50k $678 | Features Advisory services Death insurance Income protection Online access Term deposits Variety of options | SuperRatings awards  | Compare | |
| Past 5-year return New fund | Admin fee $750 | Past 5-year return New fund | Calculated Fees on 50k $1,100 | Features Advisory services Death insurance Income protection Online access Term deposits Variety of options | SuperRatings awards | Compare | |
| Past 5-year return New fund | Admin fee $78 | Past 5-year return New fund | Calculated Fees on 50k $678 | Features Advisory services Death insurance Income protection Online access Term deposits Variety of options | SuperRatings awards  | Compare | |
| Past 5-year return New fund | Admin fee $78 | Past 5-year return New fund | Calculated Fees on 50k $678 | Features Advisory services Death insurance Income protection Online access Term deposits Variety of options | SuperRatings awards  | Compare | |
| Past 5-year return New fund | Admin fee $78 | Past 5-year return New fund | Calculated Fees on 50k $678 | Features Advisory services Death insurance Income protection Online access Term deposits Variety of options | SuperRatings awards  | Compare |
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