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MLC MasterKey Superannuation

Past 5-year return
6.20%
Admin fee
$78
Calculated Fees on 50k
$1,258
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Fund manager rebates are passed onto the clients.
Rebates apply for large account balances.
Rebalancing of funds happens on an as needed basis, not at set times.
Non-Lapsing Binding death benefit.
MLC MasterKey Superannuation was established in 1996 and is part of the MLC Super fund, however is no longer available to new investors.Members have access to a comprehensive investment menu, comprising both Diversified and Single Sector options, as well as managed investments across a range of asset classes. The Horizon 4 - Balanced Portfolio option underperformed the relevant SuperRatings Index over the 10 years to 30 June 2018.Fees are higher than the industry average across all account balances assessed; however, the fund provides rebates of the management fee for combined accounts over $200,000 of members and any eligible linked investors. No investment switching or exit fees are charged, however, buy/sell spreads may apply.MLC MasterKey Superannuation offers Life Cover and Total & Permanent Disablement (TPD) insurance cover; however, premiums are calculated on an individual basis upon application and cannot be shown overleaf. Income Protection insurance is not offered with this product.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.
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Fees & fund features

Admin fee
Admin fee
$78
Administration fee (%)
Administration fee (%)
1.21%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.45%
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
0.70%
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 (%)
1.21%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.45%
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
0.70%
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

Superannuation accounts can be opened by Australians, permanent residents and temporary residents. You’re automatically entitled to superannuation if:

  • You’re over 18 and earn more than $450 before tax in a calendar month
  • You’re under 18, you work more than 30 hours per week and you earn more than $450 before tax in a calendar month
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