LUCRF Super | Performance, features and fees

Alison Banney

Last updated: Jan 13, 2021

LUCRF Super is an industry super fund open to all Australians with 11 different investment options available.

3.15%

Past performance - 1 year

6.77%

Past performance - 5 Years

$497.64

Annual fees on $50k balance

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Details

Details

Product Name	LUCRF MySuper Balanced
Past performance - 5 Years	6.77%
Annual admin fee	$91.76 + 0.21% of balance p.a.
Insurance included	Death,TPD,Income Protection
Number of members	129,000

Go to LUCRF Super's site More info

Alison Banney

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Alison Banney is the banking and investments editor at Finder. She has written about finance for over seven years, with her work featured on sites including Yahoo Finance, Money Magazine and Dynamic Business. She has previously worked at Westpac, and has written for several other major banks including BCU, Greater Bank and Gateway Credit Union. Alison has a Bachelor of Communications from Newcastle University, with a double major in Journalism and Public Relations. She has ASIC RG146 compliance certificates for Financial Advice, Securities and Managed Investments and Superannuation. Outside of Finder, you’ll likely find her somewhere near the ocean.

What are the key features of LUCRF Super?

Industry super fund. LUCRF Super is an industry super fund, meaning its profits go back into the fund to benefit members instead of shareholders.
11 investment options. You can choose between a range of ready-made investment options or build your own portfolio from a selection of individual asset class options.
MySuper product. The default investment option is an approved MySuper product designed to be a low-fee, no-frills option suited to the majority of members
Mobile app. Members can download the free LUCRF Super mobile app to keep track of their super balance and contributions and switch investment options 24/7.
Flexible insurance cover. You can select the insurance cover that suits you, or choose to opt out of cover all together.
LUCRF community Program. LUCRF partners with local organisations to help create positive initiatives and projects that support the community.

What investment options does LUCRF Super offer?

LUCRF Super offers five pre-mixed diversified investment options, as well as six single asset class options.

The default investment option, MySuper Balanced, is a diversified portfolio that invests your balance in a range of asset classes. Or, there are four alternative diversified portfolios to choose from depending on your risk tolerance, investment time frame and strategy.

Investment option	Investment strategy	Risk level	Asset allocation range
MySuper Balanced	This is the default option for members when joining LUCRF Super and is an approved MySuper product.	High	Australian shares: 15-40% International shares: 17-40% Property: 4-20% Infrastructure: 2-20% Alternatives: 0-38% Fixed interest: 0-25% Cash: 0-25%
High Growth	This option aims for higher growth over the long term by investing more in shares. Because of the larger exposure to shares, it's also higher risk than the Balanced option.	High	Australian shares: 22-52% International shares: 26-56% Property: 5-15% Infrastructure: 0-12% Alternatives: 2-20% Cash: 0-8%
Indexed Balanced	This option gives you the opportunity to invest in a range of passive assets including Australian and International Shares.	High	Passive Australian Shares: 20-50% Passive International Shares: 20-50% Passive fixed interest: 0-60% Cash: 0-20%
Moderate	This option aims to deliver decent returns without as much volatility as the Balanced and High Growth options. It has less exposure to shares and more exposure to fixed interest.	Medium to high	Australian shares:10-28 % International shares: 10-28% Property: 2-15% Infrastructure: 2-20% Alternatives: 4-23% Fixed interest: 15-40% Cash: 5-25%
Conservative	This is the lowest risk of the pre-mixed investment options, and is suited to members with a low risk appetite and/or a short investment time frame (e.g.: older members).	Medium	Australian shares: 8-16% International shares: 9-18% Property: 3-10% Infrastructure: 3-15% Alternatives: 2-17% Fixed interest: 12-35% Cash: 20-40%

If you want to be more hands on with your super, you can design your own investment portfolio using these individual asset class options. You can select one or several of the asset classes, and also decide how much of your balance you want invested in each asset class.

Investment option	Investment strategy	Risk level
Australian shares (Active)	This option invests 100% in Australian shares. This option is actively managed by the investment managers.	Very high
International shares (Active)	This option invests 100% in international shares. This option is actively managed by the investment managers.	Very high
Australian shares (Indexed)	This option invests 100% in passive Australian shares. This option is passively managed.	Very high
International shares (Indexed)	This option invests 100% in passive international shares. This option is passively managed.	Very high
Property	This option invests 100% in Australian listed property shares (it does not invest in physical residential houses).	Very high
Cash	This option invests 100% in cash products (i.e. deposits in a bank).	Very low

What fees does LUCRF Super charge?

You don't pay any entry fees, account set-up fees or exit fees. You can also switch investment options at any time for free.

Example of annual fees based on $50,000 in MySuper Balanced (the default option)

Annual admin fee: $91.76 plus 0.21% of balance.

Indirect cost ratio (including investment fees): 0.6%

Calculated annual cost on $50,000 balance: $497.64

What insurance cover does LUCRF Super offer?

If you're over 25, have more than $6,000 in super and receive employer contributions you'll automatically receive the default level of cover for Death and Death & Total Permanent Disablement (TPD) insurance. You can increase this cover or opt out entirely at any time. You can also choose to add Income Protection cover if you feel you need it.

If you're under 25 and have a balance below $6000 when you join, you'll automatically be opted out of insurance cover.

How do I join LUCRF Super?

You can apply online by filling out the application form.

You will need to supply:

Personal details. You'll need to provide your personal contact details including your Australian residential address.
Previous super fund details. If you'd like to consolidate an existing super fund with your new fund online, you will need to provide your current fund details.

You will need to select:

Investment option. You'll be asked to choose your investment option from those detailed above, so consider this before beginning your application. If you don't make a choice your super will be invested in the MySuper Balanced option.
Insurance instructions. You'll be asked if you'd like to opt out of or tailor the default insurance policies, as detailed above.

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LUCRF Super | Performance, features and fees