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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 the 2021 Career Fund of the Year and the 2021 Pension of the Year awards.TelstraSuper RetireAccess offers an investment menu of 5 diversified options and 5 single sector options. The Balanced option underperformed the relevant SuperRatings Index over the 1, 3- and 5-year periods to 30 June 2020; however, outperformed over the longer term.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.
TelstraSuper Fees and Features
Fund fees vs. Industry average
Fund past-5-year return vs. Industry average
Investment option performance
Past 5-year return
Calc fees on 50k
Variety of options
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