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MyLife MySuper - Personal Plan

Past 5-year return
8.47%
Admin fee
$94
Calculated Fees on 50k
$629
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Trusted financial advice from in-house salaried financial planners
Dedicated service team for members and employers open weekdays to 8pm
Generous insurance with a dedicated MyLife MyInsurance website
Local offices with Superannuation Specialists and Financial Advisers
MyLife MySuper was launched as a division of MyLifeMyMoney Superannuation Fund in 2015, with the fund established in 1971 to offer superannuation for the employed and the self-employed. The investment menu covers a broad range of 'Managed Choice' and 'Build Your Own' options, as well as the Default Strategy, where investments are allocated depending on the member’s age into the existing Aggressive (MySuper) and Balanced (MySuper) options. The Balanced (MySuper) option has outperformed the relevant SuperRatings Index over each time period assessed to 30 June 2018. Notably, the fund’s Australian Shares option was the best performing SR50 Australian Shares Index option for the five years to 30 June 2018. Fees are higher than the industry average across all account balances assessed. No fees are charged for switching investments; however, withdrawal and exit fees apply. A full suite of insurance cover, including Death, Total & Permanent Disablement (TPD) and Income Protection (IP) insurance are available to eligible members upon application. Members can further apply to increase their Death and TPD cover following the occurrence of a prescribed Life Event without additional underwriting. Income Protection with a benefit period of 5 years, to age 65 or to age 70, covering up to 85% of salary, is available following a 30 or 60 day waiting period. MyLife MySuper provides members with access to a free seminar program, as well as a range of online calculators and fact sheets. The fund's secure online facility, MyLife Online, further allows members to view and update account details and perform transactions.
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Fees & fund features

Admin fee
Admin fee
$94
Administration fee (%)
Administration fee (%)
0.18%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.23%
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
$94
Administration fee (%)
Administration fee (%)
0.18%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.23%
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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