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CareSuper MySuper

Past 5-year return
11.12%
Admin fee
$78
Calculated Fees on 50k
$673
Diversified, actively managed MySuper investment option
Consistent and strong historical investment returns
Access to discounted banking and healthcare products
Extensive services provided to members including online education and free financial and retirement seminars
Scaled advice via the phone at no cost
Transparent and simple fee structure
Default and Nominated insurance cover available
Established in 1986, CareSuper is a public offer industry superannuation fund, which caters to the professional, managerial and administrative industries. The fund is the winner of the 2018 MySuper of the Year Award, demonstrating CareSuper's competitiveness across our key assessment criteria. CareSuper's Balanced option became its MySuper option from 1 July 2013. It has delivered consistently strong performance over the short to long term, providing members with top-quartile returns. Choice members have access to 11 additional Diversified and Single Sector investment strategies, which include a Sustainable Balanced option. Furthermore, access to Term Deposits, ETFs, ASX300 Shares and selected LICs is provided via the Direct Investment option, however, additional costs may apply. Fees for the MySuper (Balanced) option are lower than the industry average across all assessed account balances. No switching fees are charged while the asset administration fee is capped at $500 p.a. However, an exit fee applies for partial and full withdrawals.CareSuper's insurance offering includes Death only, Death/TPD and Income Protection insurance, which remain competitive relative to industry peers. The fund offers an Automatic Acceptance Limit of $750,000 for Death & TPD cover. Income Protection insurance is also provided with 2 year and 5 year benefit periods. Additional benefits such as discounted banking products, health insurance, online tax returns, access to financial planners and SMSF wind-up services are also available to CareSuper members.

Fees & fund features

Admin fee
Admin fee
$78
Exit fee
Exit fee
$40
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.16%
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
$40
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.16%
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
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