BSB: 923-100

Living Super

Living Super

Award winning and proud

Sign up now

Living Super

Low cost super. For all stages of life.

Features

Why open a Living Super account?

  • Make it simple or mix it up

    Choose our Balanced option, or mix and match your investments to meet 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.

  • Low fee and no fee options

    The Balanced option has no admin or management fees. Plus pay no fees on cash and term deposits held with ING DIRECT.

  • Invest in direct shares easily

    Trade shares real-time online. Choose from the S&P/ASX 200 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 DIRECT 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

    Choose from a straightforward range of insurance options and pay the premiums directly from your account.

  • Single Issue Advice paid for by ING DIRECT

    Not sure what to do with your super? ING DIRECT 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 Best New Product for 2013, Living Super is proud of its achievements.

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.

  1. 1Selecting your investments
    1Selecting your investments

    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.

    See Living Super investment options
    • Smart - the Balanced option

      Risk: medium to high

    • Safe - cash and term deposits

      Risk: very low

    • Select - managed investments

      Risk: varies based on the options selected

    • Shares - share trading

      Risk: medium to very high

    Smart - the Balanced option

    Risk: medium to high

    Targeting a 50:50 mix of cash and shares designed for medium to long term growth.

    It's the first Balanced option available to all Australians no admin or management fees. A buy/sell spread applies.

    Safe - cash and term deposits

    Risk: very low

    You can minimise risk and grow your super balance via the security of cash and/or term deposits - terms of 3 months, 6 months, 1 year or 2 years available.

    There are no fees on cash and term deposits held with ING DIRECT.

    Select - managed investments

    Risk: varies based on the options selected

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

    Shares - share trading

    Risk: medium to very high

    Using our real-time online share trading platform, you can invest in shares from the S&P/ASX 200 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.

  2. 2Figuring out insurance
    2Figuring out insurance

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

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

    See all Living Super insurance options
    • Death

    • Total and permanent disability

    • Income protection

    Death

    New application - no maximum cover amount

    Transfer existing cover - Up to $2 million (inclusive of any other death cover with ING DIRECT Living Super)

    Provides a lump sum payment to help your dependants cover their daily living expenses or repay debts.

    Total and Permanent Disability

    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 DIRECT Living Super)

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

    Income Protection

    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 DIRECT 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.

  3. 3Managing your account
    3Managing your account

    Curious about the detail? Here's an overview of our account operation basics.

    +
    CASH
    HUB
    Contributions
    Investment strategy
    Pension payments
    Insurance
    See all Living Super accounts
    • Super account

    • Transition to Retirement account

    • Pension account

    Super account

    Accumulate your super savings so that you have an income in retirement.

    Transition to Retirement account

    Supplement your existing income with a pension income. To open this account, you must have reached preservation age.

    Pension account

    Via regular payments or a lump sum withdrawal, receive a tax-effective income in retirement. To open this account, you must generally have reached your preservation age and have stopped working.

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

Interest rates and fees

Interest 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 and pension payments (if applicable) 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 DIRECT 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 DIRECT.

  • Administration fee
    Nil
  • 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
    Nil
  • Investment fee
    Nil
  • Buy/sell spread
    Estimated to be between 0.08% - 0.09% when buying or selling units
  • Indirect cost ratio
    Nil

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

  • Administration fee
    0.50% p.a. of the Select category account balance, capped at $1,000 p.a.
  • Investment fee
    0.25% p.a. of the Select category account balance
  • Buy/sell spread
    Estimated to be between 0.06% - 0.31% when buying or selling units
  • Indirect cost ratio
    Nil

Shares category: Take a hands-on approach, with real-time trading of S&P/ASX 200 shares, plus a selection of Exchange Traded Funds and Listed Investment Companies.

  • Administration fee
    $180 p.a.
  • 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 ETFs and LICs
    Varies depending on the investment fee charged by the ETF or LIC 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
FAQs
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 with no admin or management fees 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).