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CareSuper MySuper

Past 5-year return
8.31%
Admin fee
$78
Calculated Fees on 50k
$603
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Diversified, actively managed MySuper investment option
Consistent and strong historical investment returns
Access to discounted banking and insurance products
Extensive services for members including online education, financial seminars and access to financial planning advice
Default and tailored insurance cover available
CareSuper is a public offer industry superannuation fund established in 1986 to cater to the professional, managerial and administrative industries. The fund was a finalist of the 2019 MySuper of the Year award. CareSuper's Balanced option became its MySuper option from 1 July 2013. The 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 11 additional Diversified and Single Sector investment strategies. Furthermore, access to Term Deposits, ETFs, ASX300 Shares and selected LICs is provided via the Direct Investment option; however, additional costs may apply. Fees for the MySuper (Balanced) option are lower than the industry average across all account balances assessed, with the asset administration fee capped at $500 pa. No switching fees or exit fees are charged.A full suite of insurance cover is offered, with Death and Total & Permanent Disablement (TPD) insurance cover automatically provided to eligible members upon joining the fund. Income Protection (IP) with a benefit period of 2 years or 5 years, covering up to 85% of the first $423,530 of salary, is available following a 30, 60 or 90 day waiting period. Eligible new members can increase Death & TPD cover to a maximum of $750,000, or apply for IP cover, with a few health questions.Additional benefits such as discounted banking products, health insurance, online tax return services, access to financial planners and SMSF wind-up services are also available to members.

Fees & fund features

Admin fee
Admin fee
$78
Administration fee (%)
Administration fee (%)
0.19%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.64%
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
0.22%
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
$78
Administration fee (%)
Administration fee (%)
0.19%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.64%
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
0.22%
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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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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