MLC Superannuation Review

MLC’s MySuper growth portfolio option currently charges $553 per year (on a balance of $50,000). This is made up of:

• $78 per year administration cost and fees
• 0.15% p.a. of account balance in administration fees and costs (capped at $1,000 p.a.)
• 0.02% p.a. of account balance paid as Trustee Levy
• Plus 0.69% p.a. investment fees and costs
• 0.05% p.a. (estimate) transaction costs
• Plus 0.04% (estimated) of your account balance in other administration fees and costs paid from reserves

MLC Super MySuper Growth Portfolio has a historic 1 year investment performance of 9.9% and a 10 year return of 7.9% p.a.

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

MLC Super pays a superannuation retirement bonus (Pension Bonus).

To be eligible for the MLC super Pension Bonus, members must have met a full ‘condition of release’ to access your super, transfer some or all of their MLC MasterKey super account and/or Plum Super account to start your first retirement pension, have been invested in an MLC MasterKey super account and/or Plum Super account for a continuous period of at least six months before starting your first retirement pension, haven't previously started a retirement pension with MLC and haven't previously received the Pension Bonus. The rate for the MLC Pension Bonus can change and may be zero.

MLC pension bonus payment is calculated individually and can vary depending on starting retirement pension balance in MLC MasterKey Pension Fundamentals and the MLC Pension Bonus rate at the time your bonus payment is processed.

MLC pension bonus rate is 1.25% as at 6 July 2026 but is subject to change and reviewed regularly.