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AustralianSuper - MySuper

Past 5-year return
9.00%
Admin fee
$117
Calculated Fees on 50k
$447
Compare
Strong investment returns and low fees
Diversified, actively managed MySuper investment option
Aged-based automatic Death/TPD & Income Protection cover
Free workplace, retirement and education seminars
Profits to members not shareholders
Commission free financial advice
Online account access - manage and track your account 24/7
AustralianSuper is a multi-industry public offer fund that manages over $140 billion in assets on behalf of more than 2 million members, making it one of the largest industry superannuation funds in Australia. The fund was a finalist for the 2019 MySuper of the Year award.The fund's MySuper offering comprises a single diversified investment option, the Balanced option. The Balanced option has provided strong investment returns to members, outperforming the SuperRatings Index over each time period assessed to 30 June 2018. Choice members have access to 6 Pre-Mixed and 5 DIY Mix investment options, as well as the Member Direct investment option which offers members access to shares listed on the S&P/ASX 300, a range of Exchange Traded Funds (ETFs), as well as Term Deposits.Fees for the MySuper Balanced option are lower than the industry average across all account balances assessed. No fees are charged for switching investments; however, exit fees apply for partial and full withdrawals.A full suite of insurance cover is offered, with Death, Total & Permanent Disablement (TPD) and Income Protection (IP) insurance cover automatically provided to eligible members upon joining the fund. Income Protection with a benefit period of 2 years, 5 years or to age 65, covering up to 85% of salary, is available following a 30 or 60 day waiting period. Members can apply to increase cover following the occurrence of a prescribed Life Event without additional underwriting.AustralianSuper members have access to a range of online fact sheets, calculators and educational videos. The fund’s member online account further allows members to view and update their account details and perform transactions.

Fees & fund features

Admin fee
Admin fee
$117
Administration fee (%)
Administration fee (%)
0.00%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
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
0.66%
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
$117
Administration fee (%)
Administration fee (%)
0.00%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
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
0.66%
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
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Features
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FAQs

MySuper accounts are basic, low-fee accounts. If you don’t nominate a superannuation fund, your employer must choose one for you that offers a MySuper account.

MySuper accounts offer two investment options:

  1. Single diversified investment strategy

Your fund assigns you a risk strategy and investment profile, which remain unchanged throughout your working life.

  1. Lifecycle investment strategy

Your fund assigns you an investment strategy based on your age, and then changes it as you get older. Younger workers are given strategies that emphasise growth assets

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