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Prime Super MySuper

Past 5-year return
10.98%
Admin fee
$80
Calculated Fees on 50k
$759
No information was provided by the fund to SuperRatings, hence an alert rating may be given in areas where a qualitative assessment cannot be made. For available information refer to the fund's PDS
Established in 1996, Prime Super is a not-for-profit industry super fund dedicated to servicing the retirement needs of rural and regional Australia. In May 2014, Health Industry Plan (HIP), which was a national industry fund catering to those working in health and associated industries, became a division of Prime Super. Prime Super's MySuper strategy uses its existing diversified Balanced investment option, which is actively managed and has outperformed the SuperRatings Index over the short term and long term. Choice members can also access eight additional diversified and single-sector investment portfolios.Fees associated with this product are lower than the industry average across small account balances assessed, but become more expensive across medium and large account balances. However, the percentage based administration fee is capped for balances in excess of $100,000. Furthermore, no fees apply for withdrawals or investment switches. Members can access financial planning service on a fee-for-service basis.MySuper members are entitled to four units of Default Death & TPD cover upon joining the fund through their employer, which can be cancelled within 60 days from the date of the Welcome Letter. Additional Income Protection (IP) insurance is also available, covering up to $30,000 per month, or 85% of salary (including SG contribution). A maximum benefit period of 2 years applies, with a choice of 30, 60 or 90 day waiting periods. Prime Super's refreshed website is easy to navigate, featuring useful tools for members and employers, as well as a range of educational information relating to retirement. Members can access Trauma insurance and financial planning services through the fund, and can also manage their accounts via MemberOnline at any time. Prime Super has ongoing support for Lifeline and is the sponsor of Awards Australia and Australian Rural Leadership Foundation (ARLF).

Fees & fund features

Admin fee
Admin fee
$80
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
0.77%
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
$80
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
0.77%
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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