Victorian Independent Schools Superannuation Fund - MySuper

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Past 5-year return
New fund
Admin fee
$52
Calculated Fees on 50k
$482
No information was provided by the fund to SuperRatings. Hence an alert rating may be given in areas where a qualitative assessment cannot be made. For available information refer to the fund's PDS.
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.The Fund's MySuper offering comprises a single diversified investment option, the Balanced option, a rebadged version of their preceding default option. Past performance of the fund is not readily available and therefore cannot be accurately measured against the relevant SuperRatings indices.VISSF's choice members have access to an additional 2 Diversified options, as well as a Cash option. Fees associated with this product are competitive across all assessed account balances. Members are entitled to 2 free investment switches per year, while an exit fee applies for withdrawals.VISSF offers members a full suite of insurance cover. Eligible new members are automatically allocated 3 units of Death and Total & Permanent Disablement (TPD) cover, as well as 3 units of Income Protection (IP) cover. IP is offered with a maximum payable benefit of 75% of salary plus 13% payable as superannuation contribution, with a 90 day waiting period and 3 benefit payment periods to choose from. 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.

Fees & fund features

Admin fee
Admin fee
$52
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
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
Fund fees vs. Industry average
Fund past-5-year return vs. Industry average
Investment allocation
Investment option performance
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