What the Researchers Say:

A "good value for money" superannuation fund that is strong in nearly all assessment areas but with average features and/or performance in one or more of our assessment criteria.
You should contact your financial adviser or this fund before making an investment decision.

  • MySuper Gold
Fund data valid as of July 31, 2017

Typical Fees

Balance This Fund Industry Average Difference
5k $111 $154 -$43
50k $471 $612 -$141
100k $871 $1,127 -$256

Investment Allocation

Intl shares 26.5%
Aus shares 26.5%
Property 11.0%
Fixed interest 22.6%
Cash 13.4%

Fees & Charges

Administration Fee ($) $71
Administration Fee (%) 0.40%
Investment Fee 0.40%
Switching Fee $0
Exit Fee $0
Account Size Discount No
Employer Size Discount No

Fund Features

Financial Planning Service
Health Insurance
Home Loans
Credit Cards
Binding Nominations
Non-lapsing Binding Nominations
Insurance Life Event Increases
Anti-detriment Payments
Long Term Income Protection

About this Fund

Membership 127,607
Total Assets $1,534,439,000
Year Started 2013
Target Market Commonwealth Bank customers
Offered to Public? Yes
Fund Type Master Trust-MySuper

Fund Highlights - provided by Commonwealth Essential Super - MySuper

Having your super visible in NetBank means you will never lose track of it again.
Check your balance and make changes when it suits you.
Competitive, easy to understand fees.
Straight-forward lifestage investment options which change with your age.
Support from our Super Concierge service to help bring all your super accounts together so you can save on fees.

Investment Option Performance

Asset Allocation Category FYTD FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 Comparison
Balanced 0.10%
Growth 0.10%
Capital Stable 0.12%
  • Legend:
  • Outperformed average
  • Underperformed average
  • Negative returns

Annualised figures are the average per year returns of the rated option based on the cumulative returns for the past 5 years to 30/06/2016, past performance is not a reliable indicator of future performance. Performance and fee data is based on the option which is rated by SuperRatings and stated on each product's landing page.

Benchmark investment information - how performance is measured

To ensure comparability for consumers, the RateCity superannuation comparison is based on the asset allocation of each of the MySuper/Pension products, irrespective of the name of the investment option. This methodology allows consumers to compare products on a like for like basis and removes any ambiguities associated with the name of the investment option. For example, an investment option may be classified as growth, however its asset allocation may in fact mean it should be classified as high growth. By using the asset allocation as the dominant identifier, we believe this provides the most robust framework for consumers to compare funds and recognise that this is a consistent approach to that of SuperRatings methodology.

Option Type Percentage of Growth Assets
min-max %
High Growth 91-100%
Growth 77-90%
Balanced 60-76%
Conservative Balanced 41-59%
Capital Stable 20-40%
Secure 0-19%

What the researchers say

Launched in July 2013, Commonwealth Bank Essential Super is a MySuper authorised solution that leverages the investment expertise of Colonial First State. Offered through the bank's online platform NetBank, Essential Super gives members the ability to view their super alongside their traditional transaction accounts.

The Fund offers a mix of lifestage options that are tailored to suit the investment needs and risk profiles of investors based on their age. Choice members are also able to build their own investment portfolio by selecting from Balanced, Australian Shares and Cash options. Performance of the 1960s Lifestage option has been above the relevant SuperRatings Index over the short term.

The fee structure is competitive across all account balances assessed, with no fees incurred when establishing or terminating an account. Buy/sell spreads do however form part of the fee structure.

Eligible members automatically receive Death and Total & Permanent Disability (TPD) insurance upon joining. Insurance cover varies depending on member age and has the flexibility to be doubled, halved or removed at any time.

A range of member services are available including online access and transaction functionalities, tools for super consolidation and communications directly through NetBank. Having a super balance visible in Netbank means members can easily track the development of their super as contributions are added.