Types of LESF Super accounts
LESF Super provides six investment options for different retirement goals and life stages:
- MySuper option
- High Growth
- Listed Property
You can choose to invest in one or more of the available options but if you make no choice you will be placed in the default MySuper option.
There are a few benefits available to LESF members who have a super account, including:
- Insurance in super available for death cover (life insurance), and total and permanent disability (TPD) cover
- Easy online account access
Eligibility to join LESF Super
LESF does not list any eligibility requirements on its website or PDS. However, super funds generally require that you satisfy the following criteria to register with them:
- You must be an Australian resident
- You must be over 18 years of age
- You must be earning at least $450 before tax per month from an employer
If you are under the age of 18, but earning more than $450 before tax per month, you may need to be working more than 30 hours per week to qualify for super.
How to join LESF
You can apply to join LESF by visiting the LESF website and following the sign-up process.
Yes, LESF Super has a dedicated online portal for super fund members. You can view your account balance online, access statements for your account, download super fund information and more.
The money in your LESF super account is invested by your super fund. It offers six investment options, from which you can pick and choose.
When choosing an investment option, it is important to take into account your investment timeframes and goals, and your personal risk tolerance for market fluctuations. Learn more about how to choose between different investment options on the Canstar website.
At the time of writing (19/07/18) LESF charges annual fees based on your total balance comprised of an 0.5% investment fee and an administration fee of 0.83%.
Compare these fees to the average super fund fees on our database, as fees are an important consideration when selecting a fund.
Yes, LESF Super offers a consolidation service to members.
It’s important to check with your previous super funds for information regarding costs such as exit fees and insurance cover you may lose if you switch super funds.
LESF Super was established in 1989 as the Queensland Law Society Superannuation Scheme before changing its name to the Law Employees Superannuation Fund in 1995. Now open to any Australian looking for a super fund, in 2016 it merged with the Managed Australian Retirement Fund.