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Use this dashboard to compare IOOF MySuper to other MySuper products
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Return | The investment return for the year ending: |
Return target | CPI plus 3.0% pa after fees and taxes over a rolling 10 year basis. IOOF aims to achieve or better the return target but cannot guarantee this to occur. |
Comparison between return target and return (moving average) | IOOF's MySuper investment commencement date is 1 January 2014. As a result it's not possible to show a 10-year moving average comparison until the financial year ended 30 June 2024. Comparison shown on this dashboard includes the six full financial years from inception of the IOOF MySuper investment strategy. MySuper
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Level of investment risk | High Negative annual returns are expected in 4 to less than 6 out of every 20 years. The higher the expected return target, the more often you would expect a year of negative returns. |
Statement of fees and costs | $6271 Fees and costs for a member with a $50,000 balance. |
1 Additional fees may apply. A buy-sell spread is incurred (as applicable) when you purchase or redeem units in a managed investment (at the time of a switch or when you move money in or out of your account). The buy-sell spread can change from time to time and is in addition to indirect cost ratios and performance fees (as applicable). For more information, refer to the relevant investment option product disclosure statement and general reference guide available online.
Glossary
Return
The return for IOOF MySuper has been calculated in accordance with the APRA reporting requirements. The return is after after investment manager fees, IOOF MySuper fees and superannuation taxes. Fees include a fee of $117 pa and an administration fee of 0.35% and are based on a $50,000 account balance.
Return target
The return target for IOOF MySuper has been calculated in accordance with APRA reporting requirements.
Comparison between return target and return (moving average)
IOOF's MySuper investment commenced 1 January 2014 hence it will not be possible to show a 10 year moving average comparison until the financial year ended 30 June 2024. Comparison shown on this dashboard includes the six full financial years from inception of the IOOF MySuper investment strategy.
Fees and other costs
Fees and costs have been calculated in accordance with requirements that apply to MySuper and are detailed below:
| Example – MySuper strategy | Balance of $50,000 | |
|---|---|---|
Investment fee | Nil | For every $50,000 you have in the MySuper strategy, you will be charged $0 each year. |
PLUS | MySuper Investment | And, you will be charged $292 in administration fees. |
PLUS | MySuper Investment | And, indirect costs of $335 each year will be deducted from your investment. |
EQUALS | If your balance was $50,000, then for that year you will be charged fees of $6271 for the super product. | |
1 Additional fees may apply. A buy-sell spread is incurred (as applicable) when you purchase or redeem units in a managed investment (at the time of a switch or when you move money in or out of your account). The buy-sell spread can change from time to time and is in addition to indirect cost ratios and performance fees (as applicable). For more information, refer to the relevant investment option product disclosure statement and general reference guide available online.
For further information, please contact your financial adviser or call ClientFirst on 1800 913 118.
IOOF Investment Management Limited (IIML) | ABN 53 006 695 021 | AFSL 230524 Trustee of the IOOF Portfolio Service Superannuation Fund ABN 70 815 369 818, which includes IOOF MySuper.
This is general advice only and does not take into account your financial circumstances, needs and objectives. Before making any decision based on this document, you should assess your own circumstances or seek advice from a financial adviser and seek tax advice from a registered tax agent. Please obtain and consider the PDS before making any decision about whether to acquire a financial product. Information is current at the date of issue and may change.