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Prime Super MySuper

Past 5-year return
8.29%
Admin fee
$80
Calculated Fees on 50k
$679
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No information was provided by the fund to SuperRatings, hence an alert rating may be given in areas where a qualitative assessment cannot be made. For available information refer to the fund's PDS
Established in 1996, Prime Super is a not-for-profit industry super fund dedicated to servicing the retirement needs of members located in rural and regional Australia. The fund caters to a diverse range of sectors including farming, agricultural, health and aged care as well as recruitment, with membership now open to the general public.The fund's MySuper offering comprises a single diversified investment option; MySuper. Prime Super's MySuper option outperformed the SuperRatings Index over the 7 year period to 30 June 2018. Choice members are offered an additional 4 Pre-Mixed and 5 Single-Sector investment options to choose from.Fees are lower than the industry average across small and medium account balances assessed, but higher than the average fund on large account balances. The asset-based administration fee does not apply on account balances in excess of $100,000, and no fees apply for investment switches or withdrawals.Prime Super offers members access to a suite of insurance products, with default Death and Total and Permanent Disablement (TPD) cover automatically provided to eligible members upon joining the fund. Members can apply to increase their Death and TPD cover within 60 days from the date of their Welcome letter, or following the occurrence of a prescribed Life Event, without additional underwriting. Income protection (IP) insurance provides a regular income of up to $30,000 per month or 85% of salary, with a maximum benefit period of 2 years and a choice of 30, 60 or 90 day waiting period. A range of online resources, including calculators and factsheets are available through the fund's website. Prime Super's secure online facility; MemberOnline, allows members to view and update their account details as well as perform transactions. Full financial planning services are offered by Link Advice on a fee-for-service model.
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Fees & fund features

Admin fee
Admin fee
$80
Administration fee (%)
Administration fee (%)
0.59%
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
0.61%
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
$80
Administration fee (%)
Administration fee (%)
0.59%
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
0.61%
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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