Mercer Superannuation Review

Mercer SmartParth MySuper investment option currently charges:

• 0.10% p.a. (of account balances up to $500,000)
• 0.08% p.a. of account balance as an estimated expense allowance
• Investment fees and cost estimated at 0.52% to 0.70% p.a. of your account balance (depending on which path you are in)
• Transaction costs estimated between 0.01% and 0.06% p.a. of your super balance (depending on which path you are in)
• Plus an estimated 0.03% p.a. of Mercer Super assets as other administration costs, deducted from members reserve

Mercer Super’s MySuper SmartPath (born 1974-1978) investment option has a historic 1 year investment performance of 10.4%, and a 10 year return of 9.0% p.a.

Retirement bonuses are paid by super funds once a member reaches retirement.

Mercer Super does offer a super retirement bonus. To be eligible a member must have been with Mercer Super for at least a 12 consecutive months and open a SmartRetirement Income (MSRI) allocated pension account.

The Mercer Retirement Bonus is a one-time payment. The bonus is based on the amount you transfer into your MSRI allocated pension account and the Retirement bonus Rate, which is determined on a regular basis and can be zero. The current Retirement Bonus Rate for Mercer Super is 0.70% and the maximum value is $12,600.