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IOOF Employer Super - MySuper

Past 5-year return
7.34%
Admin fee
$117
Calculated Fees on 50k
$542
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Extensive Investment menu, fee discounts, competitive insurance.
Clearing house facility available to eligible employers.
Online access to update account details, trade in equities and switch managed funds.
Ability to maintain membership regardless of work status.
Dedicated account manager for large employer groups.
IOOF Employer Super is a Division of the IOOF Portfolio Service Superannuation Fund and is a lifetime portable super solution that provides members with extensive choice and flexible features.The fund's MySuper offering comprises a single diversified investment option, the IOOF Balanced Investor Trust. The IOOF Balanced Investor Trust underperformed the SuperRatings Index over the 1 year and 3 years to 30 June 2018. Choice members have access to a range of ready-made portfolios, managed investments, listed investments and term deposits. Fees are lower than the industry average across all account balances assessed. Members are able to switch investment options without incurring a switching fee, while an exit fee is applied for full or partial 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 on a Default or Customised cover basis as nominated by their employer. IP with a benefit period of 2 years, 5 years or to age 65, covering up to 85% of salary, is available following a 30, 60 or 90 day waiting period. Members can apply to increase cover following the occurrence of a prescribed Life Event without additional underwriting. A range of online tools, calculators and educational resources are available through the fund's website. IOOF Online allows members to view and update account details as well as perform transactions, including switching investments. Members have access to financial advice provided by IOOF Investment Management Limited directly or through numerous adviser groups.
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Fees & fund features

Admin fee
Admin fee
$117
Administration fee (%)
Administration fee (%)
0.35%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.50%
Exit fee
Exit fee
$75
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.00%
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 (%)
0.35%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.50%
Exit fee
Exit fee
$75
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.00%
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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Admin fee
Calculated Fees on 50k
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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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