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Commonwealth Essential Super - MySuper

Past 5-year return
New fund
Admin fee
$71
Calculated Fees on 50k
$471
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.
Commonwealth Essential Super is a MySuper compliant product that was established in 2013. Founded upon serving members from the Commonwealth Bank, the fund is available to members across a wide range of industries.The fund's default option places members in one of seven lifestage investments, which are based off the decade the member was born. Growth assets held within the investment strategy will automatically decline with age. The 1960s Lifestage option has underperformed the SuperRatings Index over the three years to 30 June 2017. Members who wish to make an investment choice may select from the Balanced, Australian Shares and cash option.Fees for Commonwealth Essential Super are competitive and lower than the industry average across all assessed account balances. A buy-sell spread will be applied; however, no additional fees are charged for switching investments or exiting the fund.Members automatically receive default Death and Total & Permanent Disability insurance cover. The default unit of insurance cover will vary and is dependent on the members age. Members have the choice to halve, double or cancel their unit of insurance cover. Income protection is not available within the fund.Commonwealth Bank members may link their Essential Super account with their bank account and provide a range of convenient services including transactional functionalities, super consolidation tools and communications directly through NetBank.

Fees & fund features

Admin fee
Admin fee
$71
Exit fee
Exit fee
$0
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.40%
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
$71
Exit fee
Exit fee
$0
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.40%
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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