Australian Catholic Superannuation offers an allocated pension for those who are fully retired (or have reached 65 years of age).

We also offer a transition to retirement (non-commutable) pension for people who wish to receive pension payments from their super benefits without having to retire from the workforce.

Both of our pension products will provide you with the following benefits:

• An industry fund, managed for the benefit of members
• 11 investment choices
• Potential tax savings—the tax rate on investment earnings on funds in a pension account is 0%, which could be a significant saving
• Strong investment performance
• Low fees and costs
• Access to your account via Members online
• Annual benefit statements and regular newsletters
• Fee-for-service financial planning services
• Access to a range of benefits including banking products
• A Platinum-rated (the top level available) fund by SuperRatings.

At Australian Catholic Superannuation, we charge you only what it costs to manage your fund. We do not pay dividends to shareholders or commissions to advisers.

When you join us, the following fees and costs will apply to your account:

• A weekly administration fee of $1.50
• Operating costs of approximately 0.20% of your account balance per year
• Estimated investment management costs ranging from 0.07% to 0.79% of your account balance per year (see the table below for details)
• A fee of $35 for each lump sum withdrawal
• A Family Law withdrawal fee of $70.

Estimated investment management costs

These costs cover the fees we pay to investment managers, consultants and the custodian. They include an estimated amount for performance based fees that will only be paid if investment managers outperform their targets.

These costs are not deducted from your account, but are deducted from the earnings of each investment option before investment returns are published.

The table below shows the estimated investment costs for each of our 11 investment options.

Buy-sell spreads

We normally apply a buy-sell spread to unit prices to cover the cost of buying and selling assets e.g. if you change your investment mix.

Estimated buy-sell spreads are shown in the table below.

Anyone who is 55 years old or more, or who is permanently incapacitated, and has a superannuation account can take out an Australian Catholic Superannuation allocated pension.