RateCity.com.au
Advertisement

AustralianSuper - MySuper

Past 5-year return
11.41%
Admin fee
$78
Calculated Fees on 50k
$448
Strong investment returns and low fees
Diversified, actively managed MySuper investment option
Aged-based automatic Death/TPD & Income Protection cover
Free workplace, retirement and education seminars
Profits to members not shareholders
Commission free financial advice
Online account access - manage and track your account 24/7
A 2018 MySuper of the Year Award Finalist, AustralianSuper is a public offer multi-industry superannuation fund that manages over $110 billion in assets. The fund offers a low fee structure and continues to deliver excellent returns to over two million members. AustralianSuper's Balanced option has been granted MySuper authorisation and has delivered consistently strong performance over the short and long term, providing members with top-quartile returns. Choice members can access an additional 12 Diversified and Single Sector investment strategies, with a Socially Aware option available to members who are concerned about environmental, human and labour rights issues. Furthermore, access to Term Deposits, ETFs and ASX300 Shares is provided via the Member Direct option (Use of the Member Direct option entails additional costs). Fees for the MySuper option are lower than the industry average across all assessed account balances. No switching fee is charged, however exit fees do apply. AustralianSuper's insurance offering includes Death only, Death/TPD and Income Protection (IP) cover. Members are provided with up to $600,000 of Death and/or TPD cover without any health checks, and up to $1 million worth of cover with a few health questions. IP covers up to 85% of a member's salary, with a benefit payment period of 2 or 5 years or to age 65, following a waiting period of 30 or 60 days.AustralianSuper members have access to a variety of additional services, including discounted banking products, non-super investments, financial planning, health insurance and mental health support services through the dedicated SuperFriend website.

Fees & fund features

Admin fee
Admin fee
$78
Exit fee
Exit fee
$35
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.74%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$0
Employer size discount
Employer size discount
Home loans
Home loans
Non-lapsing binding nominations
Non-lapsing binding nominations
Long term income protection
Long term income protection
Admin fee
Admin fee
$78
Exit fee
Exit fee
$35
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.74%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$0
Employer size discount
Employer size discount
Home loans
Home loans
Non-lapsing binding nominations
Non-lapsing binding nominations
Long term income protection
Long term income protection
Fund fees vs. Industry average
Fund past-5-year return vs. Industry average
Investment allocation
Investment option performance
+ View additional option performance information
Compare your product with the big 4 banks, or add more products to compare