Australian Catholic Superannuation | Performance, features and fees
Australian Catholic Super offers 14 different investment options for your super, including a lifestage option which adjusts your investments for you in line with your age.
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Australian Catholic Super investment options
What are the key features of Australian Catholic Super?
- MySuper option. This is the default option, and invests your super on your behalf in line with your age. As you get older, the mix of assets your super is invested in will change.
- Profit-to-member fund. This isn't a retail fund, it's a profit-to-member fund with profits going back into the fund for the benefit of members.
- Flexible insurance cover. You will receive automatic default death and TPD cover, which you can choose to opt out of at any time.
- Easily consolidate your super. You can ask Australian Catholic Super to search the ATO for any other super you may have via the application form.
- Online self-management. You can access your account online 24/7 via the member portal to keep up-to-date with your contributions and how your investments are performing. However, there's no mobile app available yet.
- Diverse investment options. You have 14 different investment options to choose between, including a socially-responsible investment option.
Australian Catholic Super offers you 14 different investment options depending on how hands-on you want to be with your super, including the default MySuper product, LifetimeOne, which is based on your age. These options are detailed below.
Option 1: LifetimeOne
LieftimeOne is the default MySuper option. LifetimeOne offers 31 different life stages, from ages 40 and younger up to age 70. The product will automatically invest your super across a range of major asset classes, with the asset mix changing depending on your age. When you're younger you'll be invested in more growth assets like equities, and as you get older your exposure to these assets will slowly decrease in favour of more defensive assets like cash.
Below is an example of what your asset mix would look like if you're aged 40 or younger.
|Product||Risk level||Asset allocation (target ranges)|
|LifetimeOne: Ages 40 and below|
This investment option will have more exposure to growth assets including shares while you're under 40 and still a long way away from retirement.
When you're over 40, your exposure to growth assets will gradually decrease as you get closer to retirement.
Option 2: Pre-mixed investment options
If you're after a pre-mixed investment option offering diversification across asset classes you can choose from Australian Catholic Super's managed options.
|Product||Risk level||Asset allocation (target ranges)|
Diversified across all major asset classes with a focus on Australian and international shares, however slightly less than the High Growth option.
Diversified across all asset classes, with slightly less focus on shares when compared to the High Growth and Growth options. This option is designed to suit most members.
|Socially Responsible Balanced|
Diversified across all major asset classes with a focus on environmental, social and governance issues when selecting investments.
Diversified across all major asset classes with a slight bias towards conservative assets such as fixed interest and cash.
|Medium to high|
Diversified across all major asset classes with the highest allocation to conservative assets such as fixed interest and cash.
|Capital Stable |
This is the lowest risk investment option, with the lowest level of exposure to growth assets.
Option 3: Build your own options
If you want to build your own strategy you can use these single asset classes to design a portfolio.
- Australian Shares
- International Shares
- Credit Income
- Cash and Term Deposits
As an Australian Catholic Super employer-sponsored member you will receive automatic death, total and permanent disability and income protection cover.
As a personal member you will receive default death and TPD cover. Your age and employment status will determine the amount of cover you automatically receive and how much it costs.
Automatic cover (employer sponsored)
If your employer offers a Australian Catholic Superannuation fund then you'll automatically have access to three types of insurance:
- Death cover (including terminal illness cover), which pays a lump sum to your elected beneficiaries if you die or suffer a terminal illness;
- Total and permanent disablement cover (TPD), which pays a lump sum if illness or injury means you are unlikely to ever be able to work again; and
- Income protection (IP), which pays you a monthly income while you're temporarily unable to work due to illness or injury.
Insurance will automatically be added to your account and premium deducted when you open an account with Australian Catholic Super. You can elect to opt-out.
How do I join Australian Catholic Super?
If you've decided to select this fund you can open an account online by clicking the green "Go to Site" button at the top of this page.
Make sure you have:
- A spare ten minutes
- Your personal details, including your name, address, date of birth and contact information
- Your Tax File Number (it's not compulsory to give your super fund your TFN, but without it your fund won't be able to accept certain types of contributions from you, and your benefit payments may be taxed at a higher rate than would otherwise apply)
- Your employer's details
To sign up for an account you must be:
- An Australian resident
- Over 12 years of age
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