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MySuper dashboard

Use this dashboard to compare IOOF MySuper to other MySuper products

Find out more about IOOF Employer Super

Visit ASIC's Money Smart website for more information on how to pick the right MySuper fund for you.

Return

The investment return for the year ending
30 June 2017:  7.70%
30 June 2016:  3.85%
30 June 2015:  9.15%

Return target

CPI plus 3.5% pa after fees and taxes for 10 years.

IOOF aims to achieve or better the return target but cannot guarantee this to occur.

Comparison between return target and return (moving average)

Level of investment risk

Medium to high

Negative annual returns are expected in 3 to less than 4 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

$540.801

Fees and costs for a member with a $50,000 balance.

1 Additional fees may apply. And, if you leave the super entity, you may be charged an exit fee of $75 and a sell spread (which also applies whenever you make an investment redemption). The sell spread for exiting is 0.10 per cent as at 30 September 2017 (this will equal $50 for every $50,000 you withdraw).

Glossary

Return

The return for IOOF MySuper has been calculated in accordance with the requirements that apply to MySuper. The return is after investment manager and IOOF MySuper fees and super taxes. Fees include a membership fee of $117 pa and an administration fee of 0.35 per cent and are based on a $50,000 account balance. Tax of 15 per cent has been assumed.

Return target

The return target for IOOF MySuper has been calculated in accordance with requirements that apply to MySuper. The return target has been based on the underlying investment's performance objective of CPI plus 3.5 per cent (after investment manager fees). The return target is after IOOF MySuper fees and superannuation taxes. Fees are $117 pa and 0.35 per cent and are based on a member with a $50,000 balance. Tax of 15 per cent has been assumed.

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 2025. Comparison shown on this dashboard includes the three full financial years from inception of the IOOF MySuper investment strategy.

Fee and 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
Administration fees

Administration Fee 0.35%

and

Member Fee $117 ($2.25 per week)

AND, you will be charged $292 in administration fees.

PLUS
Indirect costs for the MySuper product

MySuper Investment (IOOF Balanced Investor Trust):
0.50% x $49,500

plus

Cash Account:
0.26% x $500

AND, indirect costs of $248.80 ($247.50 + $1.30) each year will be deducted from your investment.

EQUALS
Cost of product

If your balance was $50,000, and $500 of that was held in your Cash Account then for that year you will be charged fees of $540.801 for the super product.

1 Additional fees may apply. And, if you leave the super entity, you may be charged an exit fee of $75 and a sell spread (which also applies whenever you make an investment redemption). The sell spread for exiting is 0.10 per cent as at 30 September 2017 (this will equal $50 for every $50,000 you withdraw).

For further information, please contact your financial adviser or call our Client Services Team on 1800 333 500.

IOOF Investment Management Limited (IIML) | ABN 53 006 695 021 | AFSL 230524

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.