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StatewideSuper MySuper

Past 5-year return
New fund
Admin fee
$78
Calculated Fees on 50k
$523
Compare
Access to in-house professional financial planning services.
Free member educational tools, newsletters, e-newsletters and retirement seminars.
Secure website access 24/7 via Statewide Super Online.
Free worksite visits.
Comprehensive death and disablement insurance options.
Statewide Super was established in 1986 to provide for the retirement needs of South Australian workers and is MySuper compliant. The fund is a public offer fund and allows members from all industries to apply for membership. The fund is also Infinity Recognised, which is a result of its strong commitment to environmental and social principles. The MySuper option is the fund's default investment option, whilst choice members may also select from a range of Diversified and Single Sector options. The MySuper option outperformed the relevant SuperRatings Index over the 5 years to 30 June 2018.Fees are lower than the industry average across all account balances assessed. Members are entitled to one free investment switch per financial year, while an exit fee is charged for full and partial withdrawals.Statewide Super's insurance offering allows eligible members to apply for up to $5 million of Death cover and up to $3 million of TPD cover. Members can also apply to increase cover following the occurrence of a prescribed Life Event without additional underwriting. Income Protection with a benefit period of 2 years, covering up to 85% of salary, is available following a 60 day waiting period. A great range of additional benefits are provided to members, including financial planning services, comprehensive banking products through ME Bank, discounted health insurance, as well as special offers through the Statewide Super's rewards program. Statewide Super Online further allows members to view and update account details, as well as perform transactions.
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Fees & fund features

Admin fee
Admin fee
$78
Administration fee (%)
Administration fee (%)
0.06%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
Exit fee
Exit fee
$35
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.83%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$20
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 (%)
0.06%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
Exit fee
Exit fee
$35
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.83%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$20
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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