Your super is your money. So it’s important to consider investment performance as well as any fees and long-term benefits when choosing which fund is right for you.
Amatil Super provides access to discounts on the administration and member fees. So, if you’re going to compare, make sure you use the fees below. We’ve included a total fee for different balances, as the comparison sites use different balances too.
You can find fee definitions related to Amatil Super here in the product disclosure statement for SignatureSuper. If you’ve got any questions about what you are reading contact us.
CCA MySuper Future Directions LifeStages
AMP has designed a default MySuper arrangement, specifically for Amatil employees - called CCA MySuper Future Directions LifeStages. CCA MySuper Future Directions LifeStages automatically lowers your investment risk profile as you get older by switching your savings to less risky investments.
To demonstrate we’ve used the CCA MySuper Future Directions Balanced investment option in the fee table below. This is based on members aged between 40-49.
If you are in a different age group and want to check the fees for the CCA MySuper investment option applicable to you, you’ll find them here or your relevant plan summary.
CCA MySuper Future Direction Balanced investment option fee examples
| Annual % fee | $30,000 balance | $50,000 balance | $100,000 balance | |
| Investment fee (i) | 0.42% | $126 | $210 | $420 |
| Administration fee (i) | 0.07% | $21 | $35 | $70 |
| Less MySuper Large Plan Discount | 0.05% | $15 | $25 | $50 |
| Member fee (iii) | ||||
| Indirect cost ratio (ii) | 0.36% |
$108 |
$180 |
$360 |
| Total fee (i)(ii)(iii)(iv) | $240 |
$400 |
$800 |
(i) If your account balance for your MySuper investment option is less than $6,000 at 30 June, the total combined amount of administration fees, investment fees and indirect costs charged to you (after the benefit of any tax deduction passed on to you) is capped at 3% of the account balance for your MySuper investment option. Any amount charged in excess of that cap will be refunded.
(ii) The fees you actually pay (including any rebates) are reduced by up to 15% to allow for the tax deduction passed onto you in relation to the fees charged by us.
(iii) Additional fees may apply.
(iv) This example is illustrative only. What it costs you will depend on your individual investments.If your account balance for your MySuper investment option is less than $6,000 at 30 June, the total combined amount of administration fees, investment fees and indirect costs charged to you (after the benefit of any tax deduction passed on to you) is capped at 3% of the account balance for your MySuper investment option. Any amount charged in excess of that cap will be refunded.
Other investment options are also available in Amatil Super. For more information on the available investment options and associated fees refer here or your relevant plan summary.
To find the fees and performance that apply to your existing Amatil Super account, login to MyAMP.
Performance of Amatil Super
Investment performance is an important consideration when choosing a fund that’s right for you. You can find more information on judging the performance of your super fund on ASIC’s MoneySmart website.
However, you should exercise extreme caution in making any judgements about the quality of a superannuation fund or investment option based on past performance, because past performance is not an indication of future performance. Investment option returns are calculated from changes in the unit price (or crediting rate declared) of the investment option over the period shown, and after the deduction of fees, costs, and superannuation fund earnings tax, which is included in the unit price (or crediting rate declared).
Investment option returns assume a sum of money is invested at the beginning of the time period and neither drawn upon or added to throughout that period. Your actual rate of return of your account will vary from those displayed depending on the timing of contributions, switches or withdrawals that you have made, and any fees and rebates charged directly to your account
CCA MySuper Future Directions Balanced
The table below sets out the investment option returns for the investment options in CCA MySuper Future Directions Balanced as at 31 August 2020. For the most recently published investment performance figures visit the investment section on the Amatil Super investments page. Past performance is not necessarily an indication of future performance because investment option returns are calculated from changes in the unit price (or crediting rate declared) of the investment option over the period shown, and after the deduction of fees and costs, and superannuation fund earnings tax, which is included in the unit price (or crediting rate declared).
| Unitised investment options | 1 month | 3 month | 6 month | 1 year | 3 year | 5 year | 10 year | Since inception* | Inception date |
|---|---|---|---|---|---|---|---|---|---|
| MySuper investment options |
(% flat) | (% flat) | (% flat) | (% p.a.) | (% p.a.) | (% p.a.) | (% p.a.) | 1/1/2014 | |
| CCA MySuper Future Directions High Growth1 |
2.75 | 5.27 | -1.20 | 0.81 | 6.31 | 7.14 | 8.61 | 7.01 | 1/1/2014 |
| CCA MySuper Future Directions Growth1 | 2.27 | 4.99 | -1.05 | 1.00 | 5.67 | 6.54 | 8.14 | 6.77 | 1/1/2014 |
| CCA MySuper Future Directions Balanced1 |
1.84 | 3.73 | -0.59 | 1.36 | 5.31 | 5.96 | 7.40 | 6.24 | 1/1/2014 |
| CCA MySuper Future Directions Moderately Conservative1 |
1.17 | 2.97 | -0.93 | 0.73 | 4.40 | 4.88 | 6.07 | 5.47 | 1/1/2014 |
| CCA MySuper Future Directions Conservative1 |
0.62 | 1.90 | -0.71 | 0.88 | 3.60 | 3.71 | 4.87 | 4.70 | 1/1/2014 |
You can find the performance figures for all of the different investment options in Amatil Super here.
CCA MySuper Future Directions Balanced
Here’s how the CCA MySuper Future Directions Balanced investment option has compared with the Chant West Multi-Manager Quarterly Survey over a rolling 3-year return vs median.
This comparison chart is purely to illustrate how the CCA MySuper Future Directions Balanced investment option has performed against industry peers. Performance is shown net of investment fees and tax. It is before administration fees and adviser commissions that may apply to Amatil Super and as a result, the investment performance may vary slightly compared to the chart above. Please refer to the investment performance table in the previous section for the actual investment performance of the CCA MySuper Future Directions Balanced option.
Source: Chant West Multi-Manager Quarterly Survey
Note: Performance is shown net of investment fees and tax. It is before administration fees and adviser commissions.
Important:
Past performance is not necessarily an indication of future performance. It’s important to know that these comparisons are based on assumptions and your actual investment option/s, performance and insurances may vary – it’s a good place to start.
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There are many factors that can cause any performance comparisons to be different, including:
- Asset Allocation - Typically, the strongest explanation of performance differences between investment options is the amount allocated to different asset classes (the ‘asset allocation’). Different asset allocations arise between investment options to achieve their different investment objectives. Different asset allocations have different levels of risk. Typically, growth assets can be more volatile, as an example, Australian Equities tend to be more volatile than Australian Bonds.
- Pricing policies – the methodology used to assess the value of the underlying investments of the investment option, and how often any returns are applied to your account. Infrequent pricing and/or allocation of returns can cause performance to be distorted over time (i.e. not reflect the actual price you would receive if the underlying asset was sold on that day), which can give rise to inequities between members.
- Timing and deductions - Your returns may differ substantially to those shown – the returns you receive in your account may vary substantially to the past investment option returns, due to the timing of your contributions, the timing and amount of any deductions or switches from your account (including any fees not incorporated into the unit price).
Other things you should also consider when comparing performance is your ability to access superannuation when you want it (i.e. the frequency with which the provider allows redemptions, and the amount by which they can suspend or freeze any redemptions, which is often impacted by the amount allocated to underlying assets which are not easily sold), and any fees or costs associated with redeeming the investment.
Coca-Cola Amatil (Amatil) does not publish this site and does not endorse or assume responsibility for any advice contained here.