Quick pension fund review
For TelstraSuper RetireAccess
These are the benefits of this pension fund.
- Member fee of $1.50 per week and administration fee of just 0.18% 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 was the winner of the 2022 Momentum award and was nominated as a finalist for the 2022 Career Fund of the Year and the 2022 Pension of the Year awards. TelstraSuper RetireAccess was established in 1999, with a minimum initial investment of $10,000 required to commence membership. TelstraSuper RetireAccess offers an investment menu of 5 diversified options and 5 single sector options. The Lifestyle Balanced option outperformed the relevant SuperRatings Index over all assessed time periods to 30 June 2021.Fees are lower than the industry average across all account balances assessed, with administration fees capped at $1,878 pa. There is no switching fee, although a buy-sell spread may apply.TelstraSuper RetireAccess offers excellent pension flexibility, with members able to select from fortnightly, 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.
Pension fund overview
For TelstraSuper RetireAccess
- Insurance Cover
Account size discount
Financial planning service
Non-lapsing binding nominations
Employer size discount
Insurance life event increases
Total and permanent disability cover
Long term income protection
Administration fee (%)
Indirect cost ratio (%)
Target Market Determination
Visit TelstraSuper to view Target Market Determination.
Fund fees vs. Industry average
Fund past-5-year return vs. Industry average
Investment option performance
Popular pension funds products
AMG Super - Account Based Pension AMG Balanced
5 managed and 6 sector specific options as well as over 50 managed funds at wholesale rates.
Direct access to direct equities for members.
Same fee structure as the employer and personal products but no tax rebate available.
Online access to all transactions and investment performance.
AMP SignatureSuper Allocated Pension -
Flexible income payments in retirement
Dynamic investment menu providing access to over 80 investment options, including a range of multi-manager ethical investment options
24/7 online access via MyAMP
ANZ OneAnswer Pension OnePath Managed Growth NCF
Comprehensive investment menu including access to the OptiMix multi-manager funds
Flexible fee options - Entry fee and Deferred Entry Fee structures available.
Anti-detriment payments available.
Tax effective super to pension transfers - bonus paid to refund unrealised capital gains tax and transaction.
ANZ Smart Choice Pension 1960's
Account balance is visible on ANZ Internet Banking alongside the customer's bank accounts Pension and lump sum payments via ANZ Internet Banking.
Age based default funds. The asset allocation is adjusted automatically based on age.