TelstraSuper

TelstraSuper RetireAccess

No. of members: 91500
Fund size: $21b
Public offer:
Product type: Corporate-Allocated Pension
Target market: -
Year started: 1999
Past 5-year return
5.11%
Admin fee

$78

Calc fees on 50k

$563

SuperRatings awards
Past 5-year return
5.11%
Admin fee

$78

Calc fees on 50k

$563

SuperRatings awards

Pros and Cons

Pros and Cons

  • Member fee of $1.50 per week and administration fee of just 0.20% p.a. No entry or exit fees.
  • Broad range of investment options with free investment switches.
  • Insurance Options Available - Death, TPD, Income Protection. Base Death/TPD cost is covered by Employer Sponsor
  • Access to Member education seminars at no extra cost.
  • Financial planning at no additional cost.
  • Secure access to your personal details 24/7 through SuperOnline.
  • Regular member magazine and informative e-Newsletters.

Summary

TelstraSuper was established to provide for the retirement needs of employees of the Telstra Group and the fund is only available to current and former employees, and their family. TelstraSuper RetireAccess was established in 1999, with a minimum initial investment of $10,000 required to commence membership. TelstraSuper was nominated as a finalist for both the 2020 Career Fund of the Year and 2020 Pension of the Year awards.TelstraSuper RetireAccess offers an investment menu of 5 diversified options and 5 single sector options. The Balanced option outperformed the relevant SuperRatings Index over the 10 years to 30 June 2019.Fees are lower than the industry average across all account balances assessed. There is no switching fee, although a buy-sell spread may apply.TelstraSuper RetireAccess offers good pension flexibility, with members able to select from monthly, quarterly and yearly payment frequencies. Members with more than one investment option can nominate the proportion of payments to be drawn from each option. Members can also select from reversionary pension, binding death nomination and non-binding lump sum death benefits.TelstraSuper offers access to a comprehensive range of educational resources, financial advice services and nation-wide information seminars. The fund also offers discounts from a range of service providers, including HCF Health Insurance.

Features and Fees

TelstraSuper Fees and Features

    Pros and Cons

    • Member fee of $1.50 per week and administration fee of just 0.20% p.a. No entry or exit fees.
    • Broad range of investment options with free investment switches.
    • Insurance Options Available - Death, TPD, Income Protection. Base Death/TPD cost is covered by Employer Sponsor
    • Access to Member education seminars at no extra cost.
    • Financial planning at no additional cost.
    • Secure access to your personal details 24/7 through SuperOnline.
    • Regular member magazine and informative e-Newsletters.

    TelstraSuper was established to provide for the retirement needs of employees of the Telstra Group and the fund is only available to current and former employees, and their family. TelstraSuper RetireAccess was established in 1999, with a minimum initial investment of $10,000 required to commence membership. TelstraSuper was nominated as a finalist for both the 2020 Career Fund of the Year and 2020 Pension of the Year awards.TelstraSuper RetireAccess offers an investment menu of 5 diversified options and 5 single sector options. The Balanced option outperformed the relevant SuperRatings Index over the 10 years to 30 June 2019.Fees are lower than the industry average across all account balances assessed. There is no switching fee, although a buy-sell spread may apply.TelstraSuper RetireAccess offers good pension flexibility, with members able to select from monthly, quarterly and yearly payment frequencies. Members with more than one investment option can nominate the proportion of payments to be drawn from each option. Members can also select from reversionary pension, binding death nomination and non-binding lump sum death benefits.TelstraSuper offers access to a comprehensive range of educational resources, financial advice services and nation-wide information seminars. The fund also offers discounts from a range of service providers, including HCF Health Insurance.

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    TelstraSuper Fees and Features

      Fund fees vs. Industry average
      THIS FUND
      INDUSTRY AVERAGE
      Fund past-5-year return vs. Industry average
      THIS FUND
      INDUSTRY AVERAGE
      Investment allocation
      INTERNATIONAL SHARES
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      ALTERNATIVES
      FIXED INTEREST
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      Investment option performance
      BALANCED
      CONSERVATIVE BALANCE
      DIVERSIFIED FIXED INTEREST
      GROWTH
      AUSTRALIAN SHARES
      INTERNATIONAL SHARES
      CAPITAL STABLE
      PROPERTY
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      + View additional option performance information
      Product
      Past 5-year return
      Admin fee
      Company
      Calc fees on 50k
      Features
      SuperRatings awards
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