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Victorian Independent Schools Superannuation Fund - Accumulation

Past 5-year return
New fund
Admin fee
$52
Calculated Fees on 50k
$527
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Access to your super account 24/7 via Member Online and the VISSF mobile app for smartphones
Easy super management so you can quickly find and combine other super into your VISSF account
Super accounts for your spouse or partner
Competitive fees and a track record of consistent long-term performance
Financial advice services to help you answer simple super and retirement questions or prepare tailored financial plans
Regular educational seminars, short videos and webinars to help boost your super balance and prepare for life after work
The Victorian Independent Schools Superannuation Fund (VISSF) was launched in 1958 by a group of female teachers in independent schools throughout Victoria, who fought for superannuation entitlements. This fund caters for both Defined Benefit and Accumulation Plans and is only available to current and former employees, as well as their spouses.The fund offers members a simple investment menu of 3 Diversified options and a Cash option. The Balanced option outperformed the relevant SuperRatings Index over the 10 years to 30 June 2018.Fees associated with this product are competitive across all assessed account balances. Members are entitled to 2 free investment switches per year and are not charged a buy/sell spread, while an exit fee applies for withdrawals.VISSF's insurance offering allows eligible members to apply for an unlimited amount of Death cover and up to $5 million of TPD cover. Members can also apply to increase cover following the occurrence of a prescribed Life Event without additional underwriting. IP with a benefit period of 2 years, 5 years or to age 65, covering up to 88% of salary is available following a 90 day waiting period. VISSF members can access comprehensive financial services advice including financial planning, taxation, retirement advice and Will preparation at discounted rates. Additionally, online account, health insurance and newsletters are available to members through the fund.
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Fees & fund features

Admin fee
Admin fee
$52
Administration fee (%)
Administration fee (%)
0.00%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.35%
Exit fee
Exit fee
$65
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.60%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$30
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
$52
Administration fee (%)
Administration fee (%)
0.00%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.35%
Exit fee
Exit fee
$65
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.60%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$30
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
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Fund past-5-year return vs. Industry average
Investment allocation
Investment option performance
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FAQs

Superannuation is designed to provide Australians with money in their retirement. The government has strict rules around when people can take that money out of their fund because it wants to prevent people eroding their savings before they reach retirement.

As a general rule, you can only take money out of your superannuation fund when you reach:

  • Age 65
  • Your ‘preservation age’ and retire
  • Your preservation age and begin a ‘transition to retirement’ while still working

That said, you can take money out of your superannuation fund early based on one of these seven special conditions:

  • Compassionate grounds
  • Severe financial hardship
  • Temporary incapacity
  • Permanent incapacity
  • Superannuation inheritance
  • Superannuation balance under $200
  • Temporary resident departing Australia
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