Legal Super Funds under Management

Get a general overview of legalsuper, including details of the registered company, a company summary, SWOT analysis, and key brands and products. According to the latest pension statistics from the Association of Superannuation Funds of Australia (ASFA), there are 23.2 million retirement accounts in Australia with over $3.3 trillion in assets under management. However, the ATO encourages Australians to choose their own super fund to suit individual needs by comparing different pension companies and the super fund available to them. The fund selection form contains all the details your employer needs to deposit your Super into your legalsuper account. Fill it out and send it to your employer along with the Declaration of Compliance, which confirms that legalsuper is a super compliant fund. View legalsuper`s list of affiliates, holding companies, joint ventures and trusts, both nationally and internationally. LegalSuper was founded in 1989 and is tailored to the retirement needs of lawyers. Learn about legalsuper`s history and background, including information about incorporation, past announcements, mergers, and major projects. That`s changing, but for example, AustralianSuper is the largest superfund in Australia and has a 10-year yield of 7.5%, according to SuperGuide. However, funds vary in their performance each year, so it`s best to find a super fund that meets your individual needs in addition to its performance ranking. Look for strong long-term growth.

Note: A Unique Superannuation Identifier (ICU) helps you or your employer know that you are making super contributions to the right super fund. Legalsuper began in 2005 with the merger of the NSW Law Industry Superannuation Trust (LIST) and the Victorian Legal Industry Superannuation Scheme (LISS), both launched in 1989. In 2007, the NSW Barristers` Superannuation Fund merged with legalsuper, bringing funds under management to over $860 million and membership to over 36,000. With the 2007 merger, legalsuper covered about 35% of the Australian legal sector. [1] In 2009, two other funds merged to form legalsuper: the Blake Dawson Partners Superannuation Fund and the Victorian Barristers Superannuation Fund. [2] Phone (super): 1800 060 312 Phone (international): +61 3 9633 8000 You can legally call Australian Standard Time (AEST) Monday to Friday between 8:00 am and 8:00 pm. In fiscal 2021, the number of legalsuper members changed by -3%, bringing them to 51 out of 147 funds in terms of growth. legalsuper offices (by appointment only) Melbourne: Level 9, 627 Chapel Street, South Yarra VIC 3141 Brisbane: Law Society House, 179 Ann Street, Brisbane QLD 4000 Australian Business Numbers (ABN) legalsuper: 60 346 078 879 Legal Super Pty Ltd (trustee of legalsuper): 37 004 455 789 Below you will find legalsuper`s contact details, including the website, email and postal address and social media accounts, if available.

In addition, there are self-directed super funds (SMSFs) and public sector funds. Self-directed pension funds (SMSFs) are private pension funds with up to six members that you can create and manage yourself while complying with strict rules and regulations. The graphs below show the age and gender distribution for legal super fund membership and how it compares to all super funds. Of the 123 funds that provided member data, legalsuper ranks 55th among the largest with 41,690 members. We work in full transparency. Our Board of Directors is comprised of distinguished members of the legal community who are committed to maintaining a rigorous governance structure to ensure rigour and accuracy. We describe the parent company and major shareholders of legalsuper. Your super contributions are paid by your employer in addition to your salary and salary according to the pension guarantee. This is the percentage of your salary that employers are legally required to pay into your pension fund. Currently, the pension guarantee is 10.5%, but is expected to increase to 12% over time. Of the 123 funds that provided asset data, legalsuper ranks 50th in terms of total assets under management, estimated at approximately $5.089 billion. Get a clearer picture of legalsuper`s performance with key financial indicators and financial growth data.

Copyrighted Text: All explanatory material is copyrighted by SuperGuide Pty Ltd. All data information is copyrighted by the Australian Prudential Regulation Authority (APRA). All data information is licensed under the Creative Commons Attribution 3.0 Australia License (CCBY 3.0). Legalsuper is an Australian pension fund dedicated to the legal community. It is the only pension fund for the Australian legal profession. The default MySuper account is called MySuper Balanced Option. This profile is factual information and does not constitute an advertisement or recommendation for legalsuper. The trustee of legalsuper is Legal Super Pty Ltd.

A team of employees is located in Victoria, New South Wales, Queensland and Western Australia. Get a complete overview of legalsuper`s finances, including income statement (income, interest, profit and loss and audit fees) and balance sheet (working capital, non-current assets, current liabilities, long-term liabilities, equity) as well as the number of employees, number of shares issued, market capitalization and earnings per share, if applicable. Note: We do not provide full financial details for all business profiles. Below are the administrative details of legalsuper, including whether or not the super fund is available to the general public (public offering) and how legalsuper is structured. They can also learn how their expense ratio compares to other superfunds, as well as gender balance and compensation for their board members. As an industrial super fund, legalsuper is managed exclusively for the benefit of its members. The fund does not pay commissions to Sales Assistants and no dividends are paid to shareholders. We divide the key people at legalsuper by job type and title.

LegalSuper is a member-owned trust that generates income from investment activities as a pension fund, with a focus on members of the legal profession. The Trust employs approximately 30 people, operates in Australia and is managed from its head office in Melbourne, Victoria. The super fund that is best for you depends on your personal and financial situation. To compare super funds in Australia based on your individual needs, you can use ATO`s free online super comparison tool in addition to your own research. We`ve also put together a comprehensive guide so you can be armed with the right questions when it comes to voting. So, while no pension fund is allowed to operate at a profit and must operate with the best financial interests of its members, organizations that operate mutual funds often pay dividends to their parent companies that want to make a profit. Learn more about MySuper funds and the different types of super funds. The following lists describe Australian industry super funds and retail super funds, as they are available for membership to the largest population of Australians: Our origins lie in Australian legal institutions and businesses. We have been managing the retirement assets of the legal community for 30 years and remain committed to the community that founded us today. LegalSuper is a pension fund for professionals working in the legal services sector and offers its members the following investment opportunities: Pension funds are financial institutions that offer super funds.