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Living Super

Living Super

Competitive investment and administration fees.

Open Living Super
Features

Why open a Living Super account?

  • Make it simple or mix it up

    Choose from our diversified investment options or mix and match your investments to mix your individual needs.

  • Rollover your super online

    Rollover and consolidate your super online so it's all in one place, easier to manage and you could save on fees.

  • Invest in direct shares easily

    Trade shares real-time online. Choose from the S&P/ASX 300 index, selected Exchange Traded Funds and Listed Investment Companies.

  • Keep tabs on your super

    Get secure online access to your account. You can check on its progress at any time, right there next to your other ING accounts.

  • Sign up in minutes

    You can open your Living Super account online or over the phone in a few simple steps.

  • Insurance made simple

    A straightforward range of insurance options including Automatic Cover with premiums paid directly from your account.

  • Single Issue Advice paid for by ING

    Not sure what to do with your super? ING will pay for your first piece of single issue advice, to help with key decisions on insurance, investments, contributions and other important matters.

  • Living Super is an award winner

    With awards like the Super Ratings Fast Mover for 2014, Living Super is proud of its achievements.

  • Pension and Transition to Retirement

    Account options to draw down your super savings as a regular income stream after you meet a condition of release

Sign up now. Do it online or call us on 133 464, 8am-8pm Mon-Fri and 9am-5pm Sat (AEST/AEDT).
How it works

How Living Super works

An overview of investment categories, insurance options and account management basics.

Living Super structure:
Super Contributions
and Rollovers

Cash Hub

Pension
Payments
Insurance
Investment Strategy

Cash Hub

When you open an ING Living Super account, a Cash Hub is also established for you:

The Cash Hub is the control centre of your Living Super account. It is an interest bearing account that is used to receive income and pay expenses for your Living Super account.

Once you've met the minimum Cash Hub balance requirement your super can be invested in one or more of the Living Super investment categories.

Super Contributions
and Rollovers

Contributions can go into your Living Super account from a range of sources. These include:

Your employer.

Rollovers from other super accounts.

Personal contributions.

Your spouse.

The government (if eligible).

Investment Strategy

Money is moved from your Cash Hub to invest in your chosen option/s. Living Super has four investment categories - Smart, Safe, Select and Shares. You can opt for the Smart category (Balanced option), or you can choose across any or all of our four categories to meet your individual needs.

Safe - cash and term deposits

62% consisting of growth assets such as Australian Shares, International Shares & Australian Listed Property.

38% consisting of defensive assets such as Australian & International Fixed Interest and Cash to minimise risk.

You can select from a range of options including Listed Property, Australian and International Fixed Interest or Shares.

Using our real-time online share trading platform, you can invest in shares from the S&P/ASX 300 index and a range of Exchange Traded Funds and Listed Investment Companies.

Competitive brokerage applies on all trades, and you get market research at no extra cost. A premium research subscription is also available.

Pension Payments

If you have a Transition to Retirement (TTR) account or Pension account, pension payments from these accounts will be funded from your Cash Hub:

When your pension starts, we calculate your pension minimum for that year on a pro rata basis.

You can choose to have your pension payments paid fortnightly, monthly, quarterly, semi-annually or annually.

Insurance

Living Super has three life insurance options - Death, Total and Permanent Disability and Income Protection - and premiums are paid directly from your cash hub.

Apply for insurance cover in minutes with as little as 1 or 2 questions, or transfer your existing cover

Death

New application - Up to $5 million cover

Transfer existing cover - Up to $2 million (inclusive of any other Total and Permanent Disability cover with ING Living Super)

Provides a lump sum payout to help you repay debts or make your living arrangements more comfortable.

New application - Up to $30,000 per month up to the age 67

Transfer existing cover - Up to $20,000 per month (inclusive of any other Income Protection cover with ING Living Super)

Provides a monthly payment as a replacement for lost income to help you cover daily living expenses, if you are temporarily unable to work due to illness or injury.

Sign up now. Do it online or call us on 133 464, 8am-8pm Mon-Fri and 9am-5pm Sat (AEST/AEDT).
Rates and fees

Rates and fees

Competitive rates and fees to help your super savings grow.

Interest rates

The Cash Hub must hold a minimum of $500 or 1% of your account balance (whichever is greater and capped at $10,000), plus an additional amount equal to the insurance premiums, pension payments (if applicable) and fees due to be paid in the following two months.

Interest rate
Interest rate

Interest accrued on the cash option is reflected in the unit price.

Interest rate
Interest rate

Living Super Term Deposits offer a fixed rate of interest for the duration of the term and each require a minimum opening amount of $1,000. If you wish to close your Living Super Term Deposit before the maturity date, you must provide us with 31 days notice. The 2 year term deposit is only available in Super accounts, not Transition to Retirement or Pension account.

Terms
Interest rates

3 months

6 months

1 year

2 years

Living Super fees

Where there are fees, you'll find them competitive. Choose the category you're interested in to see just how low the fees are. Detailed information on the fees and costs of ING Living Super can be found in the PDS, Product Guide and the Defined Fees Guide.

  • Establishment fee
    Nil
  • Contribution fee
    Nil
  • Withdrawal fee
    Nil
  • Exit fee
    Nil

Safe category: Your superannuation is invested in cash and term deposits held with ING.

  • Administration fee
    $60 p.a. charged at $5 per month plus an administration fee for the Operational Risk Financial Requirement fee estimated to be between 0.03% - 0.14%.
  • Investment fee
    Nil
  • Indirect cost ratio
    Nil

Smart category: This is the Living Super Balanced option. Your super is invested in a pre-selected mix of cash and shares.

  • Administration fee
    $60 p.a. charged at $5 per month plus an administration fee of 0.64% p.a. of your account balance in the Smart category (0.50% p.a. on the account balance in the Smart investment category capped at $2,500 p.a. plus an administration fee for the Operational Risk Financial Requirement fee estimated to be between 0.03% - 0.14% p.a. on the total account balance)
  • Investment fee
    0.25% p.a. of the Smart category account balance
  • Buy/sell spread
    Estimated to be between 0.06% - 0.07% when buying or selling units
  • Indirect cost ratio
    0.01% p.a.

Select category: Create your own investment strategy by choosing from a range of managed investments.

  • Administration fee
    $60 p.a. charged at $5 per month plus an administration fee of 0.64% p.a. of your account balance in the Select category (0.50% p.a. on the account balance in the Select investment category capped at $2,500 p.a. plus an administration fee for the Operational Risk Financial Requirement fee estimated to be between 0.03% - 0.14% p.a. on the total account balance)
  • Investment fee
    0.25% p.a. of the Select category account balance
  • Buy/sell spread
    Estimated to be between 0.07% – 0.13% when buying or selling units
  • Indirect cost ratio
    Growth and High Growth Investment Options – 0.01% p.a.
    International Shares (Hedged) investment option - 0.05% p.a.
    International Fixed Interest (Hedged) investment option - 0.08% p.a.
    All other investment options in the Select category – nil

Shares category: Take a hands-on approach, with real-time trading of S&P/ASX 300 shares, plus a selection of Exchange-Traded Products

  • Administration fee
    $60 p.a. charged at $5 per month plus an administration fee of 0.64%p.a. of your account balance in the Shares category (0.50% p.a. on the account balance in the Shares investment category capped at $2,500p.a. plus an administration fee for the Operational Risk Financial Requirement fee estimated to be between 0.03% - 0.14% p.a. on the total account balance)
  • Brokerage
    Brokerage of $20 or 0.13% per trade (whichever is greater)
  • Indirect cost ratio
    Nil
  • Market research
    Included in the Administration fee
  • Premium market research (optional)
    $20 per month
  • Insurance premium
    Varies depending upon the amount and type of cover you choose and other factors such as your gender, age, occupation and your health declarations.
  • Member advice fee
    Varies depending on the advice services you use.
  • Term deposit early closure
    Varies depending on the original term.
  • Investment fees on Exchange Traded Products
    Varies depending on the investment fee charged by the Exchange Traded Products provider. It is reflected in the performance of the option.
  • Family law information
    $102.50 per request
  • Family law split
    $256.25 per request
Sign up now. Do it online or call us on 133 464, 8am-8pm Mon-Fri and 9am-5pm Sat (AEST/AEDT).
Tools and calculators

Your super resources kit

Learn more about super and get a better handle on your investment by using these tools and calculators.

FAQs

Got a question about Living Super?

Chances are you'll find the answer in our FAQs.

Here are some of the more common questions we get asked:

Sign up now. Do it online or call us on 133 464, 8am-8pm Mon-Fri and 9am-5pm Sat (AEST/AEDT).
How to get started

Kick-start your super savings

1. Choose your account type

Depending on where you're at in life, select from Super, Transition to Retirement or a Pension account. Use this guide to help you choose.

2. Select your investment

Select the Balanced option or choose to create your own investment strategy.

3. Sign up online or by phone

You can open a Living Super account in minutes. Do it online now or call us on 133 464, 8am-8pm, Mon-Fri and 9am-5pm Sat (AEST/AEDT).

It's for Australian residents only

You must be aged 13 or over

You'll need to have your tax file number handy

Sign up now. Do it online or call us on 133 464, 8am-8pm Mon-Fri and 9am-5pm Sat (AEST/AEDT).